Payroll and payments workflows are a headache for employers, accountants and their clients. The act of calculating payroll has always been separate from the act of settling the payroll... until the API came along.
Modern API-driven platforms are taking the pain out of payroll and delivering new ways of securely managing and automating payments and payroll, all via a single API.
And, because there’s no manual integration required, you can get set up and running quickly and start processing payroll straight away.
Let’s show you how…
Traditionally payroll can be considered a time-consuming process that carries a heavy administrative burden. For accountants and bureaus, there can be a lot of manual workflows involved, especially when you look at actually paying the employees.
It’s can be a long process even before we consider the manual time taken to fix file errors, incorrect value inputs, double-checking, duplicates and payment rejections.
The payment files, that use outdated technology, are what is traditionally used to bridge disparate payroll and banking separate systems. Payment files are widely used because they are the only compatible method of exchange with legacy bank accounts.
However, businesses no longer need to rely on their banks to make and receive payments, and they don’t have to rely on manual, error-prone and slow payment files.
That’s because companies like BrightPay are using the same API technology that Google, Netflix and Uber use as standard. BrightPay has integrated Modulr’s payments technology into the payroll software, merging payroll and payments to create one simple, cost-effective and streamlined process.
BrightPay simultaneously talks to the payments account behind the scenes, creating exact matching values per accounting entry with no errors between the two. When you’re ready to pay your employees, you simply need to approve the payments in your Modulr payment account.
All you need to do is simply enable your payment account with Modulr within the BrightPay software. Seamless, harmonious API-enabled payroll, at the touch of a button.
Here’s a recap of how BrightPay and Modulr are using API to bring payments and payroll together:
BrightPay has teamed up with Modulr to harness API technology and deliver a payments account that gives you a fast, secure and easy way to make payments and provide your clients with seamless payroll workflows.
The single and secure online Modulr portal allows you to make payroll payments at the same time as running client payroll, saving time, removing manual processes, and eliminating costly errors.
Payroll payments can be initiated within BrightPay without the need for payment files, allowing for a flexible, secure and fast way for accountants/payroll bureaus and their clients to work together to make and approve payments.
1. Run payroll as normal within BrightPay - Once payslips are finalised within BrightPay, select 'pay by Modulr' to send the payment instructions to Modulr, without the need for manual payment file exporting.
2. The client is notified that payments are awaiting approval - The person authorised to make payments is notified that payments are pending approval and logs into the Modulr portal to approve by secure mobile two-factor authentication.
3. Top up the Modulr account - Clients then transfer funds to the Modulr account in one single transaction from the primary business account. Once the account is funded, employees can be paid in minutes.