Apr 2021
7
Pay Employees Directly through BrightPay
Collaboration is at the centre of BrightPay’s plan of continuously addressing the challenges our customers face by ensuring we can offer new and innovative solutions. Our partnership with Modulr, the UK payments platform, achieves exactly this. The API integration will significantly simplify the task of managing payroll payments for thousands of our customers across the UK. Through Modulr, BrightPay’s customers can eliminate the need to create bank files and the manual work associated with making payments to employees.
What does this integration mean for BrightPay customers and their clients?
The Modulr BrightPay integration enables accountants to provide their clients with a new service, the option of a seamless payroll workflow. Using Modulr, accountants and bureaus can offer accounts to individual clients, which allows payroll payments to be initiated within BrightPay payroll software without the need for payment files. Its functionality provides numerous benefits for accountants and their clients.
- Save time: With Modulr, you have access to the Faster Payments Service (FPS) scheme, which does not require you to upload any bank files. This eliminates the many frustrating steps traditionally associated with making Bacs payroll payments.
- Pay employees faster: Faster Payments Service, launched in 2008, is a payment scheme that is far faster than the traditional Bacs method. Instead of taking three days to process payments, FPS settles payments in 90 seconds. Conveniently, you can also make payments 24/7, 365 days a year, with the flexibility of instant emergency payments.
- Minimise error: An integrated payments solution can help cut down on costly data entry errors. By using an automated system, no manual input is required, which improves accuracy and reduces error. Moreover, payments must first be approved by clients on their individual Modulr dashboard before being sent.
- Increase security: Payments are made using a highly secure and compliant network. Modulr’s infrastructure is designed to ensure the highest level of data and system confidentiality and is compliant with the highest industry standards and regulations.??
Who is Modulr?
Modulr is the tech behind the tech. It’s likely you’ve been using their payments infrastructure without even knowing it. They are the award-winning payments partner behind Revolut, Sage, Iwoca and over 10,000 businesses (and millions of customers). The fintech company has established itself as a leading alternative to wholesale and commercial payments. It is FCA approved, has direct access to Faster Payments and is a partner of Visa, granting it direct access to the industry-leading global payments network.?
Pricing Structure
We want our customers to have the best experience possible and this collaboration with Modulr is an important step in this. We are confident that this partnership will improve the payroll workflow. We maintain that having a seamless payroll service should be available at an affordable price point and as our BrightPay customers know, we don’t believe in complicated pricing structures, opaque amounts or unfair selling tactics. That’s why BrightPay will not be receiving any referral fees for this service. This allows our customers who register with Modulr to avail of it at a highly competitive rate.
Schedule a personal demo:
Interested in learning more? Click here to learn more about BrightPay’s integration with Modulr and talk to a member of our team today to discover how BrightPay can improve your payroll processes.
Free webinar:
On Thursday, 22 April, join the BrightPay and Modulr teams for a free webinar, as we explore what you need to know about this Direct Payments functionality. Plus, we will demonstrate how quick and seamless the process is in both BrightPay and Modulr.
Related articles:
- BrightPay 2021/22 is Now Available. What's New?
- Making the move to BrightPay: The time is now!
- 10 Reasons why People are Switching to BrightPay
