Payroll Management and Bank Transfer via Mudad

Overview

The Payroll Management and Bank Transfer service allows establishments to automate salary payments and link them directly to banks. We ensure accurate transfers compliant with the Commercial Register and Wage Protection System to support Companies and Employee Management
We assist you in activating Payroll Management and Bank Transfer to ensure your employees' dues arrive with one click via Mudad. The service includes preparing payroll sheets, calculating allowances, and direct linking with the establishment's bank account registered in the Commercial Register. This system saves time for the General Manager and provides the Investor with accurate financial reports that enhance Employee Management transparency. We ensure all operations comply with Government Services requirements to guarantee stable Company growth during Company Formation stages. 

Objectives

Automating Establishment Financial Operations, through Payroll Management and Bank Transfer, reducing administrative effort and ensuring accuracy of financial data in the Commercial Register and Companies.

Immediate Compliance with Wage Protection, as every payment is documented when using Payroll Management and Bank Transfer, raising the establishment's rating in Government Services.

Enhancing Workforce Trust, by ensuring fast disbursement of dues via Payroll Management and Bank Transfer, supporting Employee Management quality and the success of Company Formation.

Steps to Obtain
1

Preparing Employee and Salary Data

Preparing Employee and Salary Data, in Mudad, ensuring it matches the documented contracts linked to the establishment's Commercial Register to ensure Company legality.

2

Approving the Payroll Sheet

Approving the Payroll Sheet, then completing the Payroll Management and Bank Transfer process through the electronic wallet or direct bank link approved in Government Services.

3

Confirming Receipt of Transfers

Confirming Receipt of Transfers, and extracting digital payment receipts to enable the General Manager to archive financial records and support Employee Management and Company Formation plans.

Areas of Work

Adjusting Wage and Allowance Structures, to ensure Payroll Management and Bank Transfer compliance with internal work regulations, protecting the Investor from disputes in the Commercial Register.

Syncing with Social Insurance, to update wage data subject to subscription immediately upon performing Payroll Management and Bank Transfer, facilitating Government Services for the Company sector.

Providing Technical Support for Operations, to ensure handling any delays in Payroll Management and Bank Transfer, assisting the General Manager in maintaining Employee Management stability and growth.

FAQs
 Is the service linked to all banks?

Yes, Payroll Management and Bank Transfer in Mudad supports most Saudi banks, facilitating the Investor's management of Company and Commercial Register budgets. 

Can separate bonuses be paid?

Yes, the Payroll Management and Bank Transfer system allows issuing transfers for bonuses and allowances while documenting them in Government Services for Employee Management

What is the benefit of paying via Mudad?

The main benefit is automatic documentation in the Wage Protection System, protecting the General Manager from violations and supporting Company Formation reliability.