Fund once, pay a whole workforce, reconcile to the penny
A payroll run is one job with hundreds of outbound payments that must all land on payday, funded by the employer and reconciled exactly. Getting the funding in on time and the payments out cleanly, across many employers, is the whole operation.
Many employees, exact timing, employer funding
A payroll run pays many employees at once, and every one of them must be paid the correct amount on payday, because a missed or wrong salary payment is the most visible failure a bureau can have.
The money to pay them has to be funded by the employer and confirmed in time, so the run is not released against funds that have not arrived.
Doing this across many employers, each with its own payday and its own funding, means the timing and reconciliation multiply, and a manual process is both slow and risky.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Pay a whole workforce in one run, each employee referenced, landing on payday.
Collect funding from the employer on a mandate ahead of the run, timed to the payroll date.
Fund each run through a segregated account so employer money and employee payments reconcile per run.
Your flow of funds, orchestrated
The employer funds the run, collected over Direct Debit ahead of payday or paid into a segregated funding account. Once funds are confirmed, the whole workforce is paid over Faster Payments in one run, each employee referenced, landing on payday. Employer funding and employee payments reconcile per run on one ledger across every employer, so the bureau can prove each run balanced to the penny.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for payroll bureaus: FAQs
Over Faster Payments in one run, each employee referenced and landing on payday, with the run reconciled against the employer's funding on one ledger.
Collected over Direct Debit ahead of the run, or paid into a segregated funding account, so a run is only released against confirmed funds.
Yes, each employer's run is funded and reconciled separately on one ledger, so timing and reconciliation hold across the whole client base.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.