Swingvy Payroll is built for SMEs looking for payroll software that simplifies payment processing and makes payday simple.
By integrating payroll directly into Swingvy’s cloud-based HRMS, and syncing employee data between modules, businesses have secure, remote access to all of their people data in one place, and to run payroll whenever they need.
It takes on average just 10 minutes to run payroll and generate digital payslips for all employees with Swingvy Payroll, saving business administrators time to focus on other areas of their business.
Learn more about the features of Swingvy’s payroll software:
🟣 Payroll Settings
System administrators have the ability to define payroll settings in groups for the company, with unlimited workgroups that can hold multiple or individual employees. Pay types can be set as hourly, daily, weekly or monthly pay rates, overtime rates can be created, pay days defined, and payroll standard additions and deductions can be added.
🟣 Detailed Payroll Calculations
Expand employee lines to get a detailed overview of all payroll calculations in the first step of running payroll. Automated payroll calculations ensure greater accuracy, giving you peace of mind. Payroll lines will include an employees basic salary, any over time payments from Swingvy Time, expense reimbursements from Swingvy Claims, bonus or commission payments, benefits and additional payroll items, as well as custom deductions, EPF, SOCSO, EIS, HRDF and PCB calculations.
🟣 Bulk Payroll Updates
Each payroll line under individual employees are editable in the first step of payroll. Bulk changes to payroll items and deductions for multiple employees are also available.
🟣 Multiple Pay Runs
Swingvy’s multiple pay runs feature provides customers with the flexibility to choose how and when they process payments for their team. They can use Swingvy Payroll to run a diverse combination of payroll scenarios—including one Monthly payroll, one Mid-month payroll, and unlimited Ad hoc pay runs if they want to split their payroll processing into multiple periods.
Ad hoc pay runs makes it easy to process payroll for employees leaving the company mid-month to remain compliant with local legislation requiring an employee to be paid within seven days of leaving the company.
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🟣 In-built Statutory Payments Calculator
Swingvy automates calculations of EPF, SOCSC, EIS, HRDF and PCB contributions to ensure accuracy. Swingvy connects with the LHDN Official Calculator, allowing administrators to auto-verify PCB calculations in one click from the employees’ payroll line in Swingvy. Any adjustments to statutory contributions are updated within the Swingvy platform and automatically used when customers run payroll.
🟣 Proration of Salary and Payroll Items
Calculating pay for team members that join or leave mid-payment-cycle is done automatically based on join/leave date. This can be applied to any additional payroll items added too.
🟣 Digital Payslips
Swingvy auto-generates itemised e-payslips for every employee after a payroll is run, which are triggered to send via email link and mobile push notifications. Mobile payslips are accessed by workers through the free Swingvy mobile app.
🟣 Automated Tax Filing
Swingvy auto generates year end EA forms for employees for tax filing, as well as Form E & CP8D for Employers (Company) for tax purposes.
🟣 Bank File Creation
Swingvy payroll is integrated with all major Malaysian banks. Bank files are automatically generated and downloadable after completing payroll to simplify payment processing.
🟣 Pre-Built Reports
Standard pre-built reports are automatically generated and available for download, including payroll, variance, bank and GIRO files. These reports can also be customised to suit your specific needs.
🟣 Integrations
Swingvy Payroll has direct integrations with Swingvy Claims and Swingvy Time. The Claims integration allows administrators to push approved expense reports directly into the payroll system for reimbursement in the next pay run. With the Time integration, approved overtime hours tracked with Swingvy Time can be pushed to the payroll module, and will appear as a payroll item line for that employee in the next pay run. Swingvy Time auto-calculates overtime hours to an individual employees’ pay rate, saving employers time in understanding local requirements, and from manual calculations.
Swingvy is also integrated with third party software, such as Xero and StaffAny. The Xero integration streamlines the payroll to accounting process for accurate financial reporting, and the StaffAny integration pulls shift-worker hours into the Payroll system for accurate payment calculations during payroll processing.
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FAQs
How does Swingvy Payroll help with compliance?
Swingvy LHDN certified payroll software is easy to use and automates calculations of EPF, SOCSO, EIS, HRDF and PCB contributions to ensure high accuracy and time-saving. Additionally, Swingvy payroll software or payroll system supports all major Malaysian banks GIRO making it easy to pay employees on time.
How long does it take to run payroll with Swingvy?
It takes on average just 10 minutes to run payroll with Swingvy’s compliant payroll software. With a detailed payroll overview in the first step of payroll processing, you can edit and update payroll calculations on the spot by expanding individual employee payroll lines to edit pay details directly.
What access do employees have to payroll information?
Every employee has secure access to manage their payment information within the Swingvy system. Additionally, electronic payslips are instantly generated and distributed via email with a click of a button. Payslips can be viewed and downloaded within the Swingvy payroll software or payroll system. Notifications will be sent via email to employees who got paid.
What is the price of Swingvy Payroll?
Swingvy Payroll is an add-on for RM10 per employee per month to our Premium plan (RM10 pe/pm). If payment is made annually, you’ll enjoy a 15% discount. For detailed pricing information and a pricing calculator for your business needs, visit our pricing page.
Swingvy Payroll plan includes free onboarding training and access to ongoing customer support.
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If you’d like to try the Swingvy HR & payroll platform for yourself and see how it can streamline your business operations, request a demo.
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