We are pleased to announce that Flex HRM Payroll now supports payroll disbursement through integration with Citibank according to the international format ISO 20022.
Simpler payroll procedures
We have built in support for the ISO file fully compliant with Citibank's specification for payouts. This makes it easier for you as a customer to manage your payroll payments directly through Citibank in a secure and efficient way.
How to get started
To activate the service in the system, follow these steps:
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Go to Settings - Payroll - Payroll Payments.
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Under the field Bank and file format/service, select the option Citibank (ISO 20022 XML Pain.001).
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Enter the IBAN number from which the salaries are to be paid.
As simple as usual
The actual procedure for extracting the bank file each month remains unchanged. You create the file as usual under Payroll - Payment of salary according to your regular routine.
