Money Movement

At BSH, we offer efficient means of payroll disbursement on behalf of our clients in accordance with local labor law requirements.

Hassle-Free Money Movement & Disbursement Services

We perform our clients’ bank file uploads and disbursements using highly secure web-based banking tools. We have implemented a streamlined, automated process to eliminate human error and ensure complete accuracy while raising funding requests, and while disbursing to employees, authorities, and third parties.

The Fund Request Engine automatically processes disbursement after the client G2N sign-off and the ‘Close Payroll’ action is taken by the BSH team:

• Disbursement amounts in the required currencies, for both statutory and payroll payments, are automatically pushed to the Fund Request Engine to construct the fund request when generating the payment report and bank file.
• The generated fund request automatically includes any reconciliation amounts from previous disbursements.
• The fund request and bank file are sent securely and automatically to the client’s team using a pre-set naming convention.
• Upon receipt of the client’s funds, BSH’s finance team releases the disbursements to the appropriate beneficiaries as detailed in the payment report.

We also have a disbursement service in place to execute the ‘first upload and audit’ of generated bank files to our clients’ banking systems, making it more convenient for the client to oversee the responsibility of the final audit and fund release.