- The global cloud-based payroll can have a compound annual growth rate of 12.1% and hit $20.35 Billion globally in 2028.
- With the Philippines as a rising bankable investment of foreign companies, especially the BPO, it is difficult to find a locally compliant software provider
- Visita Solutions prides itself on its robust customizations while maintaining the compliance of Philippine local government agencies and conforming to the existing policies and procedures of its clientele
- Payroll automation helps with timeliness and compliance, eliminates redundancy and promotes cost reduction, employee satisfaction, accuracy, availability of data, and productivity.
While the information technology industry covers the majority of the overall size of different market segments, the software industry is booming and continues to rise rapidly. According to different sources, with the rising trends of AI-powered payroll solutions, the global cloud-based payroll can have a compound annual growth rate of 12.1% and hit $20.35 Billion globally in 2028, making cloud-based solutions prevalent.
The demands on the cloud-based payroll are driven by the value added it brings to end users, especially for large account companies whose employees are more than a hundred or a half.
While the Philippines is one of the rising bankable investments for most foreign countries, particularly in the BPO industry, it is difficult for Philippine-based companies to find a locally compliant software provider. This is how Visita Solutions differentiates itself from the players in the software industry in market. The company prides itself on its robust customizations while maintaining the compliance of Philippine local government agencies and conforming to the existing policies and procedures of its clientele, which creates a big difference from foreign software providers.
The payroll automation industry brings value not only by automating the process and generation of reports, but also by streamlining the procedure that eliminates cost and redundancy, loopholes, and human errors. It makes on-time reports, and follows the local government policies without the need of memorizing them in general, which helps and gives satisfaction to employees whose functions are processing payrolls. Further, with cloud payroll, access is easier as data are available instantly, wherever and whenever, which increases the timeliness of the overall payroll cycle.
It is true indeed that payroll automation creates a difference for most companies, but how much more if it can also integrate other functional activities of other departments, particularly accounting, inventory, up to production team if applicable. Visita Solutions integrating softwares such as Accsiv (accounting with inventory system), VSiImprest (petty cash management), VHMS (hotel management system), and VSiProd (production system), including other functional department activities from ticketing of technicians up to waybill of delivery items, covers the end-to-end operations of any companies from all industries.
If you see growth in your business, might as well find a software provider that can attend to your concerns and organizational changes at all times. Flexibility is an indication of a long-term partnership. With Visita Solutions’ proven track of records and large accounts clientele, it can definitely help you streamline your business cycle operations.
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Visita Solutions Incorporated
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