Statutory Compliance, Money Movement

We do not stop at payroll accurate and compliant calculations. We go beyond to remove from our clients the stress of statutory filing and payment as well as the  payroll disbursement (subject to local restrictions and regulations).

Statutory Compliance and Filing

BSH has put in place a highly robust process across all countries to deliver:

Compliance to local statutory rules and regulations


Registrations* of HR events such as hire, leavers, salary changes,…

The updates of statutory regulations is an on-going process that relies on:

Subscription to EY and other partners’ statutory publications

Monthly checking of websites (every authority and every month)

Confirmation by BSH local team following monthly visits to the authorities

*  Dependent on the country, declarations or registrations are performed online or in-person. Some services are excluded for specific countries

Money Movement, Disbursement Services

BSH is using the banking services of Emirates National Bank of Dubai- ENBD to perform the bank file uploads and disbursement. ENBD is one of the largest UAE banks and enjoys a highly secure web-services to perform banking services.

In addition, BSH has developed a highly automated process to eliminate human errors in raising funding requests and in disbursement to employees, authorities and third parties.

Following the client G2N sign-off followed by ‘Close payroll’ action by BSH, disbursement amounts in associated currencies (statutory and payroll) are automatically pushed to the Fund Request Engine to  construct the Fund Request when generating the payment report and bank file. Reconciliation amounts from previous disbursement are automatically reconciled in the generated fund request. The FR and bank file are automatically sent to the client under a pre-set naming convention with needed security.

Upon receipt of the fund, BSH finance releases the disbursements to the beneficiaries.

Aside from the money movement services, BSH has a disbursement service to perform the ‘first upload and audit’ of generated bank files into the client’s banking system. In this mode, clients maintain the responsibility of the final audit and release.