Payroll Tax and Treasury
A centralized control layer across payroll, tax systems, and banks — the single source of truth for transmission, reconciliation, cash forecasting, funding, payments, and compliance.
Enterprise-scale operations
Managed and reconciled
Automated processing
Treasury system designed for payroll & tax
Enable organizations to securely, accurately, and efficiently manage payroll and statutory tax payments — centrally managed to ensure liquidity, compliance, automation, and financial control across geographies.
Business Objective
- Enable the organization to securely, accurately, and efficiently manage payroll and statutory tax payments
- Centrally managed to ensure liquidity, compliance, automation, and financial control across geographies
Problem Statement
- Fragmented, decentralized payroll funding across multiple bank accounts and payroll systems
- Manual, error-prone tax payments and reporting processes increase liquidity risk, compliance exposure, and cost
- Limited auditability, approval controls, and lost revenue opportunities
One platform, smartly architected for scale
Decoupled tax and treasury services power enterprise HRM platform providers.
Compliant money movement
Centralizes funding, enforces disbursement controls, and automates payments — reducing operational burden and penalties.
Multi-Rail Options
ACH, wire, check, and direct deposit payment rails with automatic routing
Risk Controls
Approval workflows, disbursement controls, and fraud prevention safeguards
Auto-Reconciliation
Automated matching of payments, confirmations, and bank activity
Money Transmitter Licensed
Fully licensed money transmitter in all US states and territories
Reduced P&I
On-time payments reduce penalties and interest charges from tax agencies
Yield & Fees
Float at 20 bps off Fed funds — interest earned on client fund balances
Flexible Re-routing
Dynamic payment re-routing to adapt to bank failures or funding changes
Real-time Balance Sheet
Live view of the organization’s financial position across all accounts
Architected for end-to-end payroll tax & treasury
Each module operates independently or together, allowing organizations to adopt capabilities incrementally.
Tax Management
- Consolidates payroll and statutory tax obligations into a single treasury platform
- Executes payroll bank transmission files
- Manages multi-payroll systems across multiple banking vendors
- Bank transmission consolidation
Treasury Management
- API connection to banks
- Impound tax liability funds
- Tax payments to all agencies
- Tracer automation
- Direct deposit offering and management
- Billions in interest earned on float
Accounting Module
- Maintain financial integrity and audit standards
- Single source of the organization’s financial position
- Provides reporting requirements
- Posting to GL, faster close and improved financial accuracy
- Exception handling with audit trails
Financial Impact
- Cost reduction through single-system management
- Revenue acceleration via interest earned on float
- Net Pay Direct Deposit opportunity
- Program optimization and growth without adding headcount
- Mitigate risk and exposure
- Accurate revenue forecasting
Treasury system process
Four stages from obligation intake to reconciled accounting entries.
Consolidate
Consolidates payroll and statutory tax obligations into a single treasury platform
Integrate
Integrates obligations into short-term cash forecasting and funding plans
Execute
Executes payroll and tax payments with approvals, controls, and bank connectivity
Automate
Automates confirmation, reconciliation, and accounting entries
Business impact
Treasury infrastructure delivers measurable value across operations, compliance, and revenue.