Join us as we delve into the world of payroll management with our colleague Bastiaan Weide, Growth & Partnership. In this interview, Bastiaan shares insights into the challenges businesses face with payroll and how innovative solutions can streamline operations and optimize payroll processes.
An excerpt from the interview:
What are the current payroll industry trends?
“The payroll industry is experiencing a shift towards increased automation and faster payouts. There is also a growing emphasis on data security and compliance due to increasing regulatory requirements.”
Can salary payouts be made without using ISO files?
“Yes, they can. Our API also supports salary payments through Open Banking, using banks’ PSD2 or premium APIs. This offers several benefits, including the ability for businesses to send out salaries the day before the payment date, reducing the number of days needed to prepare for salary payouts, as is typically required with ISO file payments. Also, the authentication and signing process for salary payouts can be completed entirely within the payroll system, removing the need to log in to the bank or perform any manual tasks. This approach not only streamlines the process but also significantly reduces costs.”
What sets our solution apart from other similar services?
“Our all-in-one solution combines both traditional payroll management with advanced features such as real-time data access and Open Banking integrations. We provide a holistic view of financial and payroll data, which not only simplifies payroll processing but also offers deeper insights into a company’s financial health. Additionally, our platform is designed with scalability in mind, making it suitable for businesses of all sizes.”
