KUALA LUMPUR (June 18): The adoption of the e-Payroll initiative will help reduce operating cost and optimise human resources of the services industry managed by small and medium enterprises (SMEs) and entrepreneurs.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the digital payroll system developed by the Employees' Provident Fund (EPF) will enable SMEs and entrepreneurs to focus on business matters such as marketing.
As people and businesses, including SMEs, were affected by the Covid-19 pandemic, he said almost all types of industries and businesses were forced to adapt their businesses to online and digital business operation processes.
“e-Payroll plays an important role in helping employers manage employment records digitally, as well as facilitating the subscription management process.
"The e-Payroll initiative is one of the mediums that supports the government's efforts in creating a more comprehensive social safety net in the country," he said when launching the system virtually today.
Tengku Zafrul said the EPF's e-Payroll facility, especially for SME entrepreneurs, is in line with the JENDELA initiative which supports the entire national digital infrastructure plan, where RM21 billion is allocated over five years to improve Internet connectivity, drive digitalisation and optimise Internet usage.
EPF chairman Tan Sri Ahmad Badri Mohd Zahir said e-Payroll is an improvement over the EPF's existing online facility i-Akaun (Employer).
He said the EPF is aware of the increasingly important role of digitalisation in everyone's lives and the Covid-19 pandemic situation had prompted the EPF to adapt to digital technology faster.
“This facility (e-Payroll) is able to automate and combine various payroll, compensation, [EPF] contribution and deduction functions into one simple application.
“In addition, employees would also receive accurate and correct salary and contribution slips ... employers can rest assured that through e-Payroll, the payroll function can be done accurately and correctly while saving the company's time and costs,” he said.
Ahmad Badri urged employers take advantage of and welcome the e-Payroll facility, which does not involve any subscription fees, and access is open to i-Akaun (Employer) users.
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