The Comdata paperless payroll system allows employees to receive payroll and other monetary benefits on their personal payroll cards, which can then act as credit cards. This system combines electronic payments with payroll cards, eliminating the need for checks and other paper-based records, according to Business Wire.Continue Reading
Comdata paperless payroll works by electronically disseminating funds to payroll cards. This system allows payment transfers to unbanked staff. The funds are available right away and do not require extra bank expenses to cash them. There are no lengthy bank procedures or delays involved in this system, and it provides a credible alternative to a bank account, since employees can access their money through an ATM or purchase items and get cash back, according to the official Comdata website.
Payroll managers, who have sole access to distribution reports stored in the company's cloud servers, exclusively fund the cards. Payroll managers can also activate or deactivate these cards on request and replace them with paper-based alternatives. The Comdata paperless payroll system adds convenience to payroll management for all stakeholders within a company, from the employer to the payroll managers and employees. The card saves money for both employers and employees, according to Business Wire.Learn more about Accounting