Are you looking for the best payroll software in Malaysia? You are on the right page. We all know and have been there. Growing your business while managing its different aspects can be overwhelming. Don’t know how to start simplifying? No need to worry. We are here for you.
Malaysia is now one of the most open economies worldwide with an average trade-to-GDP ratio of more than 130%. This makes the country one of the most employment and income growth-generating nations with about 40% of jobs linked to export and import. Currently, the nation is one of the highest economies. That means there is more of a need for a payroll system in Malaysia than ever.
So, in today’s post, we will tell you a little bit about payroll software in Malaysia. Furthermore, we will help you choose the best payroll and HR software for your needs, plus, a lot more. So, let’s dive right in.
What is Payroll Software?
Online software for payroll in Malaysia is a digital tools system that simplifies the payroll processes of your HR. The software solution mostly:
- Automates payroll processes to remove the burden of your administrators.
- Removes inaccuracies and inefficiencies.
- Keeps you updated with the latest labor laws.
- Complies with local and global financial regulations and governance.
- Ensures that employees can see their payroll and related data to establish complete transparency.
- Ensures that businesses stay out of legal disputes by staying updated with the ever-changing labor laws.
Additionally, most payroll software in Malaysia integrates with other tools including time tracking software. Plus, they may also provide features for automating other core HR tasks including onboarding and recruitment.
Why Do Malaysian Businesses Use Payroll Software?
That winds up the overview of payroll management software. However, why do Malaysian businesses use online software for payroll? Here are the benefits that organizations in this high economy are gaining from using such software.
1. Navigating Complex Regulations
When talking about the Malaysian business environment, intricate labor laws and tax regulations make it more complex than it already is. Luckily payroll software in Malaysia helps streamline your processes by complying with the latest labor law requirements.
2. Real-Time Adaptability
To survive running a business in Malaysia, you need to adapt to the latest changes. Large, medium, and software for payroll for small businesses in Malaysia ensures that you can easily adapt to the latest standards and changes.
3. Enhanced Employee Experience
Using payroll software in Malaysia for your business also helps you give your employees a better experience. It is in terms of accurate and timely salary distributions, which increase their trust and loyalty towards you and your organization.
4. No Errors and Inefficiencies
Errors and inefficiencies in payroll can cause major issues for your business. These include paying less to overtime employees and more to regular-hour teams. The result can be great financial losses. However, with the right payroll solutions in Malaysia, businesses eliminate such issues thanks to accurate and automated payroll.
5. Streamlined Taskflow
Payroll software in Malaysia can integrate with the other tools and applications you use such as time-tracking software. For example, this ensures that you can directly send work hours data to the payroll app for accurate processing, which ensures hassle-free task flows.
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How to Choose the Best Payroll Software in Malaysia?
So, that did it with the benefits of non-cloud and cloud software for payroll in Malaysia. However, that only stands true if you are using the right software. Usually, to save time what businesses do is choose the software, that their competitors are using, which is a bad idea.
Every business has varying needs. So, we recommend you ditch the mob mentality and learn how to choose the best payroll software in Malaysia.
1. Requirement Analysis
As we mentioned before, every business has unique requirements. So does yours. That’s why the first step to choosing one of the top payroll systems in Malaysia is to analyze your needs. Do you only want payroll features or more? Asking yourself these questions will ensure that you shortlist only the best-fit options.
2. Check the Regulatory Features.
The payroll software in Malaysia you choose must also comply with the local labor law regulations. Plus, it must also be up to date with the latest rules all the time. Here, you need to usually check a few things.
- Is the software adhering to global and local regulations?
- Is there a local version of the software available?
This way you will easily be able to narrow down the best software for payroll management in Malaysia for your business.
3. Cost vs Budget vs ROI Check
Like everything else in your business, the payroll software in Malaysia of your choosing will also be an asset. You are implementing it to get a higher return on investment. However, in contrast to that, its cost must also be under your budget.
4. Check Payroll Accuracy
What good a payroll system in Malaysia is if it can’t accurately calculate payroll? Thus checking how accurate it is from genuine reviews is a must. Usually, most feedback will be focused on this, so you will get a clear idea by reading just a few.
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5. Get a Free Trial
Now that you have finalized your payroll software in Malaysia, it’s time to get down to real business. Getting a free trial or demo will let you know whether the software will work in your business environment or not. We recommend evaluating your options at least twice to implement the best-fit software.
Best 10 Payroll Software in Malaysia
So, now you know how to choose the best online software for payroll in Malaysia, you can go ahead and implement the top tool. However, that is if you have the time for it amidst your other essential tasks. Although you may have dedicated teams for that, why bother when we have got you covered with the top 10 payroll solution options?
- DeskTrack
- BrioHR
- HR2eazy
- Rymnet
- Sage Payroll
- Ramco Global Payroll
- Rymbee
- PeopleHCM
- Actpay Payroll Software
- Talenox
1. DeskTrack
DeskTrack is an employee monitoring and time tracking software, which is also the best for payroll management. With its plethora of features, payroll and other core HR tasks are simplified and automated.
Key Highlights:
- Real-time work hours tracking
- Seamless integrations
- User-friendly interface
- Real-time progress tracking
- Automated payroll processing
|
Initial Pricing |
User Rating |
| $5.99/user/month |
5/5 |
2. BrioHR
BrioHR is the payroll software in Malaysia, that automates up to 80% of HR tasks including payroll, leave, and performance management. What we like about this software is that it’s been locally developed and tailor-made to adapt to the requirements of the country.
Key Highlights:
- Completely adheres to LHDN standards
- Payroll management integrated with other HR modules
- All-in-one HRMS
- Intuitive user interface
- Local customer support
|
Initial Pricing |
User Rating |
| $3/month |
4.9/5 |
3. HR2eazy
One of the best payroll solutions in Malaysia, HR2eazy claims to minimize your manual workload. What this does is let you focus more on your teams’ growth. Furthermore, HR2eazy is easy to navigate, allowing you to do payroll and related HR tasks within a few clicks.
Key Highlights:
- Easy navigation
- Secure
- Comprehensive reporting
- Adherence to bank advice and statutory regulations
- Mobile sign-in
- Employers can view sign-in
|
Initial Pricing |
User Rating |
| Quote on contact |
3/5 |
4. Rymnet
What made us put this payroll software in Malaysia on our list is its comprehensive set of features. The standout feature for us is its facial recognition attendance system, which we think is a game changer as it not only eliminates buddy punching but is also convenient for remote environments.
Key Highlights:
- User-friendly interface
- Excellent reputation
- Affordable pricing
- Additional HR features
- All-in-one HR and payroll software
|
Initial Pricing |
User Rating |
|
Depends on multiple factors including the no. of employees |
4.6/5 |
5. Sage Payroll
Sage Payroll is a multi-function software for payroll management in Malaysia. It aims to minimize your HR team with its excellent payroll system. Plus, using Sage Payroll also ensures employee satisfaction and data security.
Key Highlights:
- Data security
- Accuracy
- Reliable software updates
- Keeps you updated on new employment and tax legislation
- Anywhere and any time employee payment
- Affordable
|
Initial Pricing |
User Rating |
| €10/month |
4.8/5 |
6. Ramco Global Payroll
Another one of the best payroll software in Malaysia, Ramco Global Payroll also provides you with adherence to local statutory regulations. What we like about it is that while it has a simple user interface and is easy to use, it still keeps par with the latest payroll standards and laws.
Key Highlights:
- Fortune 500 and multinational corporations worldwide trust it
- Follows local statutory laws
- Simple user experience
- Mobile, tablet, and desktop accessibility
- Face and voice recognition
|
Initial Pricing |
User Rating |
| $8/month |
4.3/5 |
7. Rymbee
Rymbee from Rymnet is one of the best cloud software for payroll in Malaysia. Primarily catering to small and medium-sized businesses, it digitizes your HR tasks, helping you excel in your operations. Other than payroll, Rymbee also provides features for simplifying the management of:
- Leaves
- claims
- Attendances
Key Highlights:
- Cloud-based HRMS system
- Digitalization of daily HR operations
- No software implementation
- Easy to use
- Free demo available
- 24/7 access
|
Initial Pricing |
User Rating |
| Depends on multiple factors including the no. of employees |
4.5/5 |
8. PeopleHCM
When it comes to innovative solutions, PeopleHCM is one of the unique payroll software in Malaysia. What we love about it is that it provides more than 30 modules for simplifying payroll and other HR tasks.
Key Highlights:
- 30+ modules
- Fortune 500 and multinational clients
- Payroll audit advisory
- Easy and robust end-user business intelligent tool
- Interactive management trends dashboard
|
Initial Pricing |
User Rating |
| Free |
4.8/5 |
9. Actpay Payroll Software
Actpay Payroll software is one of the most affordable software. Customized to be the best fit for multiple industries, it is one of the best software for payroll for small businesses in Malaysia. What it primarily does is speed up the monthly payroll calculations, submissions, and reporting.
Key Highlights:
- Affordable payroll software as low as RM1 per day
- Excellent free online chat support
- Easy to use (70% of users manage to use it without any training)
- Secure offline software
- Can export reports and data to PDF and Excel
|
Initial Pricing |
User Rating |
| RM150 |
4.5/5 |
10. Talenox
Talenox is the payroll software in Malaysia that gives you a single platform to manage staff profiles, payroll, and leave. Plus, what makes it unique is that it’s so user-friendly that even non-HR employees can use it.
Key Highlights:
- One central dashboard
- Easy to use
- Compliance-first software
- Self-sufficient HR software
|
Initial Pricing |
User Rating |
| $20/month (free for Malaysia) |
4.3/5 |
Why is DeskTrack the Best for Payroll Management in Malaysia?
Using DeskTrack for payroll management in Malaysia is a wise choice. The software comes equipped with intuitive features to track employee work hours, and attendance, and comply with local labor laws and regulations from a single platform. DeskTrack provides you with:
- Real-time work hours tracking
- Seamless integrations
- User-friendly interface
- Real-time progress tracking
- Automated payroll processing and much more
Conclusion
We hope you are now clear about Payroll Software in Malaysia. The Malaysian business economy is one of the highest worldwide. However, it also presents you with one of the most complex and intricate labor laws and tax regulations. Thus using the right software for managing payrolls and other core HR tasks is the key to maintaining compliance with the local governance. It not only helps you keep your employees satisfied and maintains trust with timely payments but it also ensures that you stay away from any legal disputes. Moreover, it’s also essential to know how to choose the best software for payroll for the maximum benefits. If you don’t have time for it, we covered an expert shortlist of the top 10 software solutions for you. However, what if you need more than just software for managing payrolls? DeskTrack is the all-in-one software for all things employee monitoring worldwide.
