Veracious Salary Engine

Simplify salary processing with an easy-to-consume portal and processing capabilities connecting to all possible disbursement networks.

Book a demo All solutions
Corporate portalFor direct corporate interaction
Payment engineCheapest, fastest payment route
WPS – UAECompliant with CBUAE standards
Overview

Composite Salary Engine with Corporate Portal, Admin and Payment Engine

The Veracious Salary Engine is a composite platform that comprises an easy-to-use corporate portal for direct corporate interaction, a back-end admin module for easy governance and management, and a robust payment engine that processes the salary on the preferred network of choice, factoring in the cheapest, fastest payment route for the bank.

Veracious WPS is an electronic salary module termed the Wage Protection System (WPS), specifically tailored for the United Arab Emirates (UAE). It ensures timely, secure, and transparent salary payments to employees, in full compliance with UAE labor regulations, as mandated by the Ministry of Human Resources and Emiratisation (MOHRE).

Veracious Salary Engine

Universal Salary Engine and WPS – UAE

Universal Salary Engine

  • Salary File Generation. Generate the payment file for salary processing depending on the country and network of choice.
  • Corporate Portal. A dedicated portal for corporates to upload salary files.
  • Charge Master. A universal charge master and template generator enabling comprehensive billing.
  • Distributing Secure Processing. Enable workflows, integrations and controls to trigger, approve and securely execute transactions with straight-through processing.

WPS – UAE

  • Salary File Generation. WPS follows dedicated CBUAE standards, which are compliant out of the box.
  • Validation & Compliance Check. Validates data such as employee IDs, wages, and IBANs before submission to ensure regulatory compliance.
  • Integration with Banks & Exchanges. Interfaces with authorized banks, exchange houses, and WPS agents for salary distribution.
  • Submission to WPS System (MOHRE). Automates submission of salary files to MOHRE’s centralized system via a secure API or portal.
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