May 2022
5
Direct payment platforms – taking your bureau to the next level
Paying employees and making payments to HMRC, each pay period can be a timely task for bureaus. Not only from an admin point of view, but also the time it takes to manually create bank files, rectify any errors that crop up, and ensuring that payments land in employees’ bank accounts on time. It’s a lot to juggle on top of everything else on your to-do list.
Imagine if there was a sophisticated system that integrated with your payroll software. A system that allowed you to pay employees, subcontractors and HMRC easily and smoothly, eliminated manually uploading bank files, and improved the security and time-efficiency of your payments…
Modulr, a direct payments platform, is integrated with BrightPay Payroll Software and can do all of the above for you. Modulr completely streamlines the entire payment process of your payroll workflow, leaving you with more time to attend to other business matters. Here are three key ways that BrightPay’s integration with Modulr can take your bureau to the next level.
Pay employees in just 90 seconds
Modulr allows you to pay employees in just 90 seconds from within the payroll software. It’s an all-in-one seamlessly integrated payments system. The integration can save you time by removing the need to double and triple-check that all pay amounts are correct, as this information flows directly from the payroll software.
Modulr allows you to schedule payments in advance and you can make any last-minute changes to clients’ employees’ payments if needs be, on any day of the week. This gives you much greater flexibility when making payments, in comparison to more traditional payment methods.
Increases your payments’ security and reduce errors
Modulr provides added layers of protection for payments through a range of security features. Their partnership with the authenticator app, Authy, is an optional feature that provides two-factor authentication when logging in. Two-factor authentication means that there are two forms of identification required when logging in. These can include a code that is sent to your phone number or email address, or can include biometrics such as a fingerprint. This ensures that only authorised users can approve payments within the client’s company. If the client would rather that you authorise the payments for them, this can be done also. Once the payments have been approved, they will be sent straight to employees’ bank accounts within 90 seconds or at the scheduled time. Modulr’s network is also fully encrypted, protecting your payments from any potential cyber-hacks or ransomware.
Having a direct payments system in place eliminates the likelihood of any data input errors and uploading issues to occur, saving you time rectifying any payment submission problems should they arise. This gives you peace of mind, knowing that your clients’ employees will be paid on time, every time.
Direct payments to HMRC
BrightPay is a fully HMRC complaint payroll software. This integration with Modulr automates most of the workload involved in submitting HMRC payments. No longer do you have to export and upload files from multiple locations – it can all be done from one centralised location – within your payroll software. Your HMRC payments will also be sent and received by HMRC in just 90 seconds.
Want to learn more?
To discover more about BrightPay’s integration with Modulr, please read our webpage on the topic.
Interested in learning more about BrightPay? Sign up for a free 15-minute demo today. We are one of the leading providers of payroll software for accountants in the UK, are a fully HMRC complaint payroll software and have a 5-star rating on Trustpilot.
