Veracious
Salary Engine
Simplify salary processing with easy to consume portal and processing capabilities connecting to all possible disbursement networks.
Composite Salary Engine with Corporate Portal , Admin and Payment Engine
The Veracious Salary Engine is a composite platform that comprises of an easy to use Corporate portal for direct Corporate interaction, 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 as 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 Emiratization (MOHRE).
Universal Salary Engine
Salary File Generation
Generate payment file for Salary processing depending on the country and network of choice.
Corporate portal
Dedicated portal for Corporates to upload salary files
Charge Master
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 secure API or portal.
