Payroll execution is a fundamental and essential task for every business entity.
Its significance lies in preserving employee rights and ensuring their formal association with the entity. The government has underscored this importance by implementing the Wage Protection System (WPS), which mandates businesses to process payroll electronically and submit confirmation files to the Ministry of Labor. To support this, Alinma Bank has developed a comprehensive payroll service with distinctive features that meet the requirements of both the Ministry of Labor and business entities.
Features:
- Automatic uploading of payroll files with error detection for easy correction or exclusion.
- Option to request payroll cards for employees.
- Flexible approval workflows.
- Comprehensive technical support.
- Automated payroll processing and monitoring through electronic banking services.
- Detailed payroll records for all company employees.
- Exporting WPS-compliant files to the Ministry of Labor and Social Development.
- Various authorization levels to ensure the accuracy and security of payroll processing.
- Automatic submission of WPS certificates to the "Mudad" platform.
- Streamlined process for preparing and uploading payroll files.