As a business owner, being on top of your payroll system isn’t just a matter of legal compliance but also of credibility. An inefficient payroll management system will eventually result in delayed payments to employees and suppliers, resulting in a damaged reputation that will inevitably lead to more financial hardships for a business over the long term. That said, because the Philippine payroll system traditionally operates on a bi-monthly cycle, payroll management teams often have a difficult time facilitating disbursements of salaries, allowances, loan payments, and other regular expenses. Fortunately, effective payroll automation for small businesses is well within reach, thanks to solutions like Maya Disbursements.
Maya Disbursements is specially designed to not only facilitate payroll processing for small businesses but also help them grow and create value. Like other solutions from Maya Business, Maya Disbursements can be easily used to empower startups and small- to medium-sized businesses in a variety of industries. Here are a few types of businesses that can benefit from Maya Disbursements:
1) Business Process Outsourcers (BPOs)
Maya Disbursements is not only a high-quality small business payroll administration tool, but it’s also a convenient way to distribute employee incentives. With Maya Disbursements, BPOs can easily give their employees ATM cards that they can use to withdraw cash from ATMs as well as receive rewards and bonuses. This set of features is especially important for Philippine-based BPOs since these businesses operate in a highly competitive labor environment that’s highly reliant on employee incentives to promote their value propositions.
2) Schools
Schools also need a payroll management system that could keep up with their complex salary and allowance management needs. Maya Disbursements doesn’t just enable efficient and timely allowance and salary disbursement, but it also lets schools take multiple administrative burdens off their stakeholders. Through Maya Disbursements, schools can issue branded multi-functional ID cards that can be used for campus entry management, attendance checking, and financial transactions.
3) Manpower Agencies
Payroll teams at manpower agencies often have a tough time keeping on top of tens of thousands of contractors. With Maya Disbursements, these businesses can accurately disburse salaries, incentives, and cash advances while also improving convenience for their employees.
4) Retailers
Online and traditional retailers can use Maya Disbursements as the technology framework for customer loyalty programs. Retailers can instantly send rewards and other benefits to loyal customers through Maya Disbursements to increase repeat business and help secure their overall market share.
5) Direct Sellers
Direct selling is a tough business and even the best performers have a difficult time keeping their agents incentivized. Through Maya Disbursements, direct sellers can better maintain motivation through timely commission payments and performance bonuses, delivered straight to their agents’ Maya wallet.
6) Logistics Businesses
Logistics companies and other businesses with a significant number of field employees can use Maya Disbursements to instantly credit salaries and incentives, regardless of where their employees are.
7) Nonprofit Organizations
Nonprofits often have large numbers of beneficiaries and part-time employees, resulting in complex disbursement requirements that rival those of any for-profit business. With Maya Business’s free training support and zero maintaining balance approach, Maya Disbursements is without a doubt the best salary and allowance management system for Philippine-based nonprofits that are keen on timely and traceable payments.
8) Local Government Units (LGUs)
While they aren’t businesses, LGUs can have thousands of employees and beneficiaries, necessitating an efficient yet low-cost payroll system that can accurately handle intricate financial transactions while adhering to stringent regulatory standards. With its low onboarding costs, free training, and high reliability, Maya Disbursements is gaining recognition as the payroll system Philippines LGUs can count on.
Try Maya Disbursements for Your Business’s Payment Needs
The timely disbursement of salary payments used to be a serious challenge for smaller business organizations. The emergence of smarter, more accessible automated payment solutions like Maya Disbursements has been a game-changer, allowing startups, small- and medium-sized enterprises, and other organizations with limited resources to more easily meet their payment obligations. Whether it’s the efficient disbursement of loan payments, supplier invoices, or payrolls, Maya Disbursements has you covered. Create a Maya Business Manager account today for on-time salary, allowance, incentive, and loan disbursement.
Signing up for a Maya Business Manager account doesn’t just give you access to groundbreaking services like Maya Disbursements, it also gives you big savings through promos like Maya 1-2-3 Grow.
With Maya 1-2-3 Grow, you get a 1% MDR (merchant discount rate) on all QR Ph transactions made through Maya Business for 3 months. That’s PHP 14,600 in transaction fee savings for every PHP 1 million in QR Ph sales. You can take these savings further by opening a Maya Business Deposit account and designating it as your settlement account. Not only will you earn 2.5% p.a. interest, but you will also enjoy free fund transfers via InstaPay and PesoNet. After signing up for Maya 1-2-3 Grow, you’ll also be entitled to a no-collateral Maya Flexi Loan offer of up to PHP 2 million that you can instantly disburse to suppliers, employees, and beneficiaries with Maya Disbursements. Sign up for Maya Business today to access Maya Disbursements and Maya 1-2-3 Grow.
