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Payboy launches new payroll system to help streamline SMEs’ payroll, HR system

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Singapore Singapore-based payroll and human resources (HR) management software company Payboy launches Paybeyond, an integrated payroll and remittance system to help SMEs seamlessly pay out local and overseas-based employees.

With a short and single workflow, Paybeyond provides direct and immediate cross border payouts with a secure transaction technology powered by Rapyd, a watchlist for remittance in various currencies to a dedicated wallet allowing storage of SGD and USD as well as supporting several payment modes, including GIRO, FAST, and SWIFT.

These simplified remittance processes can be applied to any employment arrangement, whether working with freelancers, full-timers, and contract employees, while enabling regulatory compliant cross border payments that are transparent and precise.

Nigel Lim, CEO at Payboy, said, “At Payboy, we are always looking for ways to improve and simplify our system so that entrepreneurs and businesses can eliminate any operational hassles they may experience. And now, by rolling out Paybeyond, we aim to help more Singaporean SMEs streamline their payroll and HR processes so they can focus on growing their business. At the same time, they can maintain their most valuable asset, the people.” 

Payboy can also integrate with other well-known applications in the ecosystem such as Xero, Quickbooks, and Financio to assist with accounting processes which makes it easier for businesses to hire, pay, manage and support their employees all in a dashboard and app.

In addition, Payboy streamlines HR operations to ensure businesses obtain full visibility on the automated payroll calculation, shift scheduling, attendance, leaves, and submitted claims, within an intuitive experience.

To celebrate the launch of Paybeyond, Payboy is offering a six-month free payroll subscription for Paybeyond users, in addition to its various support processes, such as Online Support Center and Payboy Helpline.

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