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SSS Net

SSS Net enables your company to electronically remit your employees’ monthly SSS contributions through the secure network of China Bank and BancNet. This replaces the current manual practice which requires many more steps.

Converting from manual to electronic does not require you to do any revision of your company’s existing payroll sysyem. SSS Net provides a middleware program that will convert your current payroll output to conform with the new SSS electronic format.

Furthermore, with SSS Net there is no need to go to the bank to pay and get the receipt (SBR) then file them with an SSS branch. Right at your company PC, the remittances and the debit instruction can be made anytime of the day, any day of the week. There is also no need to submit quarterly reports to SSS.

Advantages
Extended Deadline for Payments The deadline for the manual system is on the 5th of the month with a 3% penalty for any delay. With SSSNet, the deadline is moved to the 10th of every month, giving your company more time to file.
Faster Posting Period Under the manual system, several months elapse before the payment is credit to the employee. Oftentimes this results in problems between management and employees. With SSS Net, posting is made within 3 to 5 days. Your company receives an electronic Monthly Collection Acknowledgement (MCA) from SSS.
Pre-validated Transmission This eliminates the problem with unpostable manual remittances caused by errors with the transmitted employees listing. SSS Net provides validation for balancing the remittances, checking for duplicate SSS numbers and other invalid records before it gets transmitted.
Tracking/Filing Past records of employee remittance can be electronically filed and recalled for reference purposes. The MCA document from SSS serves as the official receipt and is honored by all SSS branches.
Option to Expand The system is accessible via the Internet and you will have the option to share it with your clients and your affiliated companies or subsidiaries.
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