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ADP Now Offers Money Movement Solutions in Hong Kong

Posted by: on 5 December 2017 in ADP News, Human Capital Management

Paying employees timely and accurately is a must for all organizations and a critical success factor to employee satisfaction. As one of the world’s most experienced and trusted movers of funds for its payroll clients, ADP has got ways to release your burdens and turn this into business advantage.

We are very excited to announce that ADP now offers money movement solutions to customers in Hong Kong, in addition to our current solutions of payroll, MPF, tax, recruitment, HR and employee self-service.

The new solution provides one-stop service that ensures your funds are moved quickly and accurately to employees and third parties. With ADP money movement solutions, you will be able to:

Save Time

The monthly salary calculation and movement could be a very time-consuming and stressful job, not to mention that you have to move mandatory social contributions to relevant authorities. ADP money movement solutions help companies automatically move net pay funds to each employee’s individual bank account and MPF funds to your MPF trustees, and the payment will arrive at each employee’s account within 24 hours.

Reduce Costs

Let ADP move your funds so that you will not only be able to save time but also reduce costs. The bank fees will be reduced with consolidated debits, and your administration for payroll source deductions will be simplified. Moreover, you don’t need to set up a Hong Kong bank account for payroll.

Simplify Reporting

ADP will complete your bank reconciliations and the annual statement of remittance will be ready to simplify the busy year-end period. We will also prepare monthly transaction and balance report by individual employee to provide a clear view of fund movement activities.

Peace of Mind

Supported by our recognized payroll system, ADP helps ensure that your employees are paid on time and accurately. Our friendly experts will also take care of exception management such as stopped, rejected or returned items, or adjustments to your deduction items. Find out what need to be included in a pay slip in Hong Kong.

Improve compliance

Throughout the payment process, ADP will protect all payroll related information with limited disclosure on a need-to-know basis to internal staff. We have also fostered close partnership with world class banks to comply with all mandatory requirements and procedures.

With ADP’s expertise in one-stop solution for payroll and money movement, companies will be better positioned to enhance organizational efficiency and agility by unleashing the potential of their people.

Click here for more details and enjoy FREE setup if you signed up ADP money movement solutions before December 31st, 2017. Call us today to find out how our money movement solutions can drive value and success for your business in Hong Kong!

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TAGS: adp solutions HCM Solutions Human Capital management money movement Payroll payroll disbursement

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