The new legislation states that employers interested in joining this technological leap must meet certain requirements. The aim is to have an IT system that enables workers to check their pay slips, including a username and password. In other words, a portal like Business@Mail Payrolls, which ensures security in document management, storage and access.
Another of the decree’s requirements is that the information on electronic pay receipts should be the same as on the paper payroll. In addition, if the worker expressly requests it, they shall be entitled to receive their receipt on paper, or print it out at any of the points that the company places at their disposal.
With e-payroll, admin department management procedures are simplified. Storing invoices in the cloud reduces the infrastructure needed for filing and archiving and makes it easier to check them. In addition, creating and sending documents is done automatically, which saves time and reduces the likelihood of manual mistakes. For workers, this method is also quicker and easier. A simple click is all you need to sign the pay receipt and check up on it whenever you like.
The advantages of electronic pay stubs include economic savings. According to a study by EDICOM, this mode cutscosts by up to 88% on each document. In other words, the benefits for large companies can reach millions of pesos.