Small and medium enterprises (SMEs) now have an easier time complying with government regulations with the official launch of Payroll for Small Businesses by Sprout Solutions at the Department of Information and Communications Technology’s (DICT) Tech Advantage summit held Thursday, November 21, 2019.
Sprout Solutions is a software-as-a-service (SaaS) company based in the Philippines that aims to help businesses through their suite of innovative HR and payroll management solutions.
Payroll for Small Businesses is part of Sprout’s advocacy for improving businesses in the Philippines by giving them access to solutions that will help them grow. Small businesses don’t always have enough resources to efficiently process payroll, which is why Sprout is offering their payroll module for free until they are ready to avail of the full range of services.
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| Patrick Gentry, co-founder and CEO of Sprout Solutions |
“Sprout has always been about impacting Filipino lives by improving business, and the way we want to do this now is by giving smaller businesses a way to focus more on strategic thinking,” said Patrick Gentry, co-founder and CEO of Sprout Solutions. “We were also quite small not too long ago, and we understand how tough it is to handle more people, which is why we decided to offer Payroll for Small Businesses without charging until a client grows beyond 50 people,” he added.
According to the 2018 List of Establishments of the Philippine Statistics Authority (PSA), medium-sized and smaller enterprises make up 99.52% of registered businesses in the Philippines. Many SMEs simply lack the manpower to efficiently process payroll while allowing their HR to focus towards strategic responsibilities like skill and capacity building.
Sprout’s main direction has always been to help businesses by solving problems with compliance. Avoiding non-compliance can bog down budding businesses because of the time and effort it takes to carry out the iterative tasks of payroll and timekeeping. This problem is even more critical for smaller businesses that need to focus resources on operational concerns rather than administrative tasks.
Getting Payroll for Small Businesses up and running takes only five to 10 days, and users can expect support throughout the entire onboarding process, and any time that help is needed with the payroll process. A mixed team of Prince2-certified project managers, expert payroll advisers, and product support staff are ready to address any concerns regarding both the software and payroll.
Aside from the web-based signup and verification, which allows users to initiate the process from the comfort of their own homes, Sprout reaches out to provide basic setup instructions and free payroll training. Sprout also provides a self-onboarding tool, which walks new users through the software’s interface, and access to an extensive knowledge base for both the software and Philippine payroll requirements.
For more visual learners, users can opt to use Sprout Academy, a learning management solution, which provides a more comprehensive learning experience.
“We’re there every step of the way to help out with anything related to the payroll process,” said Gentry. “The way we help businesses isn’t just about giving them the tools to work with; we also want to help them learn how to use those tools,” he added.
Sprout’s payroll solution offers businesses the ability to easily overcome the compliance problem by automating the payroll process, including automatic generation of over 20 government reports and calculation of 32 different pay rates. Business can leverage the technology to navigate tricky regulations that stifle an HR department’s ability to focus on enriching the employee knowledge pool.
“We’ve always focused on compliance because it’s such a huge weight on small businesses,” said Gentry. “We want to see HR departments focus on other important value-adding tasks, not just encoding spreadsheets over and over again.”
It’s not just the automated payroll that helps businesses comply with government requirements, because aside from tax and contributions, the Data Privacy Act of 2012 has mandated companies to adhere to strict standards when it comes to protecting sensitive data. However, with Sprout’s cloud-based 201 file database management and ISO 27001 certification for information security, users can rest assured that their data remains secure.
Sprout Solutions aims to impact Filipino lives through helping businesses redirect resources to skill and capacity building. By alleviating the burden of resource-heavy and repetitive payroll and timekeeping responsibilities, companies can now have their HR departments invest in developing people, leading to improved employee confidence, low employment turnover, which ultimately saves businesses time and money.
Here are more FAQs on PAYROLL FOR SMALL BUSINESSES
- What is Sprout Payroll
for SMEs?
Sprout’s leading payroll
management tool, Sprout Payroll, is now made free for businesses with up to 50
employees. All of Sprout Payroll’s features and capabilities can be used by
SMEs without paying a single centavo.
- How long can I use
Sprout Payroll for free?
It’s always free as long as
your business has 50 employees or less.
- What's the catch?
There’s no catch! If your
business has up to 50 employees, you can use Sprout Payroll completely free
forever. Once you go above 50 employees, Sprout Payroll will be offered to your
business as a subscription for a fee.
- Why are you offering
for free?
Sprout wants to empower
every small business in the Philippines through technology. We started as a
small business a couple of years ago, and this is our way of giving back to our
fellow entrepreneurs who want to make an impact in their respective industries.
We believe that great things start small, and with our free payroll software,
small businesses can focus more on growing their business rather than spending
time and money on manual and repetitive tasks.
- Why Sprout for Small
Business?
Small businesses comprise
99 percent of the Philippine economy. With Sprout Payroll now free for small
businesses, these small businesses can realize their potential for growth
through technology.
- Product Highlights
- Process
payroll in just a few clicks
- Automate
government reports, available anytime
- Eliminate
miscalculations with automation
- User-friendly
and intuitive interface
- Access
payslips from anywhere
- Automated
Tax and Government Deductions
- Government
Compliance - Audited by DOLE
- How to Sign Up and
Verify
- Start
by creating your company’s Sprout Payroll Free account at
sprout.ph/payroll-smallbiz. Click the “Sign Up For Free” button, then
fill out your company’s information such as business name, email address,
and phone number.
- Verify
your email address by checking your email inbox for an email from Sprout.
Click the link to activate your Sprout Payroll Free account, and you’ll
be redirected to the Sprout Payroll dashboard login page.
- Get
started right away by logging in on the Sprout Payroll dashboard using
your initial login details. You may find these details on a separate
email sent by Sprout to your verified email address.
