Payment Config Tab

The Payment Config Tab enables users to set up and manage payment details for employees, ensuring accurate and efficient payment processing for claims.

Why the Payment Config Tab is Important

• The Payment Config Tab is directly linked to the e-Claim module as it ensures that:

  • Accurate Reimbursements: Claims are paid to the correct bank account, avoiding delays or errors.

  • Streamlined Claim Submission Process: Employees can submit claims without worrying about payment issues, as their details are pre-configured.

  • Audit and Compliance: Provides a transparent system for verifying payment details, ensuring compliance with organizational and financial regulations.

Example Use

• An employee relocates to a different country and opens a new bank account. Update the Payment Config to ensure their claim reimbursements are directed to the correct account. Similarly, if a non-resident employee joins the organization, their international bank details can be configured here.

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How to Configure Payment Details

1. Go to Payment Config Tab

2. Click on the ‘+’ button

3. FIll in the details:

   • Set Payee Residential Status: Select the Residential Status of the payee from the dropdown (e.g., Resident or Non-Resident).

   • Select Country: Choose the payee's Country from the dropdown menu.

   • Choose Bank: Select the Bank from the list provided in the dropdown menu. For example, "MYS | ABNA | The Royal Bank of Scotland" might be an option.

   • Enter Swift Code: Input the Swift Code for the selected bank.

   • Enter Bank Account Details:

   • Bank Account Number: Fill in the payee’s Bank Account Number.

   • Enter the name of the Bank Account Holder.

   •  If applicable, enter the IBN Number (International Bank Account Number).

   • If the bank account has an expiration date, enter it in the Account Expiry field.

4. Once all required fields are filled out, click the Save button to apply the payment configuration.

Following these steps ensures the payment configuration is accurately set up for the selected employee, facilitating smooth claim reimbursements.