Malam PayRoll - The Perfect Fit for Your Needs
Benefits payments system

Benefits payments system

Malam Payroll defined a designated module in the payroll system that executes benefits payments of all types, based on guidelines provide by institutions and Israel’s formal authorities. 

The system receives the necessary payment data (gross) from the institution’s core system, calculates any additional taxes and deductions, produces an output based on the defined rules and executes the payment.

Based on direct guidelines from the institution or in the interface, the system will also offset foreclosures and loans according to law.

The benefits payments system allows early benefits recipients to continue paying in pension savings according to law.

If necessary, Malam Payroll’s system returns an interface to the reporting system that includes amounts paid, deductions for each policy holder, costs of release if these are required by statue, and client outlines.

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