One of our goals for the year was to automate our payroll. We initially relied on Excel to compute our payroll and government contributions. Eventually we outgrew Excel as the business got more customers. We needed a payroll solution for our small company.
Enter Salarium. We tried different payroll solutions provider but we chose Salarium. Salarium is a complete payroll solutions provider for businesses. We pay a monthly subscription to use their service. Once Salarium is set up, payroll generation takes literally 2 minutes. Government forms are automatically prepared at the end of every month.
Salarium can be free monthly if you subscribe to their Salarium Pay debit card. If you don’t have a partner bank, subscribing to their Salarium Pay debit card is a good deal.
Salarium support is also very good. I never had to wait for more than 24 hours before I get a reply. They reply even on holidays. That is amazing customer service.
We have Security Bank for our employees’ ATM and eGov payments. Their Digibanker accounts handle all government contributions. We pay our VAT, Income Taxes and Withholding Taxes through Digibanker. In addition, SSS, PhilHealth and HDMF contributions are also supported. One amazing thing about Digibanker is that you can postdate your salary postings if you would not be available during the salary day itself. This is a killer feature!
There are only a few banks that offer complete payroll and eGov solutions and I believe Security Bank tops them all. It took a while (4 months) to setup our Digibanker account but once it was setup, everything is click and go. We don’t need to fall in line to pay government contributions since we can do it in 5 minutes or less.
Digibanker is also top notch. Once your Digibanker account is setup, support will give you a call to help you setup your Digibanker details. They will also walk you through on how to process payroll and do eGov payments in the Digibanker module. If you encounter any issues, they are just an email away.
Our workflow during payroll processing
Our employees get paid every other Friday. Every Thursday we run payroll in Salarium. This takes 2 minutes at most. After running payroll in Salarium, we login to Digibanker and upload the payroll file. This takes another 2 minutes. We approve the payroll in Digibanker and funds would be credited to our employees’ ATM tomorrow around lunch time. It’s easy as that!