Lundbeck Singapore Pte Ltd

With a staff strength of 54 employees, the management at Lundbeck knew it needed an effective way to run its payroll processes and so engaged its local distributor. However, the local distributor was unable to adequately meet Lundbeck's payroll needs as it did not offer a one-stop solution. Given the circumstances, Lundbeck recognised that an alternative solution had to be found, and that was when it discovered PayrollServe's Payroll Outsourcing services.

RSM Stone Forest provided comprehensive PayrollServe Payroll Outsourcing services to Lundbeck Singapore. The solution included complete payroll processing, CPF contributions management, electronic payslip generation, and ongoing compliance support. The service was designed as a one-stop solution that required minimal input from Lundbeck - they simply needed to update an Excel sheet monthly and send it to PayrollServe for processing.

With PayrollServe's Payroll Outsourcing services, Lundbeck was able to solve its payroll problems. With a professional team managing its payroll processes, the company was able to reduce the amount of time spent on monotonous, routine jobs, freeing up its staff for more productive tasks. All Lundbeck had to do was update an Excel sheet on a monthly basis and send it to PayrollServe, resulting in greater productivity and efficiency. PayrollServe takes care of every single aspect of their payroll processes including the CPF contributions for staff. Even the payslips are electronically generated so staff can easily access them at their convenience. With such effective management, the company no longer needed extra personnel to handle its payroll, allowing Lundbeck to bring down its manpower costs. The Finance and HR teams were also able to work together more efficiently.