ExpertisePayroll processing

VDB Loi, in collaboration with Microimage HCM Asia has developed a customized payroll system that is in compliance with Myanmar tax laws. It provides the most advanced features to handle complex payroll operations.

This system is designed to simulate the expert HR reasoning ability of decision makers by facilitating them to draw conclusions from reliable, accurate, analytical facts and figures to enhance their decision making capability. This will foster employee contribution to the organization and solve people related problems by facilitating decentralization of HR to line management and employees themselves.

Furthermore, the product offers business benefits such as the distribution of information to line managers, streamlining the entire human resource administration function, aligning employee’s towards the company’s goals and objectives, driving performance and providing integrated business intelligence and greater HR service delivery using multi channel ESS (employee self service).

The product consists of 14 HCM core modules including payroll administration to cover the entire HR process ranging from recruitment to retirement. The modules include Employee Profile Management, Employee Dynamics, Recruitment, Organization Planning and Development, Training and Development, Performance Management, Benefits Administration, Time & Attendance, Multi channel Employee Self Service and HCM Business Intelligence, to name a few.

With the increasing demand on data sensitivity, protection and accuracy, payroll services are mostly being outsourced. Our devoted team of professionals provides seamless payroll services by using the latest technology in payroll processing coupled with up-to-date knowledge of applicable laws, regulations and practices in Myanmar. Our customized software has robust formula handling and an extensive component plug-in feature which will surely capture the accuracy of salary, personal income tax calculation and social security contribution reporting.

Our services include:

We will provide monthly payroll processing services in accordance with Myanmar statutory requirements for each employee including the following:

  • Calculation of monthly salary payments
  • Preparation of monthly E-pay slips to all employees
  • Preparation, calculation and payment of Social Security Contribution to the Social Security Board
  • Assistance in compliance with the local statutory requirements related to personal income tax and social security law, and
  • Advice on tax and labour law issues

Payroll Administration

Feature Highlights

  • Advance formula building and total control over defining salary and other payroll related computations
  • Ability to handle centralized, multi-company payroll administration
  • Fulfils Myanmar specific statutory requirements with easy to manage system plug-ins architecture to handle centralized multi country payroll administrations
  • Ability to handle multi-currency payments
  • Advance built-in system integration tools and features
  • User friendly transaction maintenance and easy integration with Microsoft Excel spreadsheets
  • User defined custom reports
  • Comprehensive user management / security with systems audit trails
  • Advance data entry / processing validations and reconciliation reports
  • Highly optimized payroll processing to manage large workforce
  • Integrated system alerts and notifications

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