Embedded payments platform Modulr has added payroll services to its integration with online accounting software provider Xero.
The integration will help businesses reduce payroll payment errors and admin overhead, ensuring employees get paid accurately and on time.
Despite advances in technology and the negative impact of payroll going wrong, teams are still left using outdated and inadequate solutions.
To address this and build on its comprehensive offering for payroll professionals, accountants and businesses, Modulr has extended its Xero integration to now offer automated single or batch payroll payments.
Customers can reduce errors and cut payroll processing times by up to 80%, approve payments on the go with the mobile app, as well as consolidate multiple payments to a single payee and realise savings on transaction fees.
With the integration, Xero payroll users can benefit from Modulr’s direct access to the UK’s real-time payments network, Faster Payments, with payroll payments clearing within 90 seconds, including weekends and bank holidays. This gives busy payroll professionals more time and flexibility to complete payroll processes.
“When it comes to payroll, its people’s livelihoods and the business’s reputation that are at stake,” said Steve Bradford, managing director of channel and strategic partnerships at Modulr.
“Payroll bureaus, accountants and businesses have enough to deal with without having to worry about unnecessary errors due to outdated systems.
“This latest addition to our integration with Xero is another step in expanding our eco-system and broadening the options payroll professionals have in optimising their processes. And through our industry-first mobile app, payroll and business leaders can benefit from smart, fast and secure approvals on the go.”