Will the benefits program create extra work for payroll and finance teams?
Payroll and finance
Maxxia uses the 'Tied to Payroll' model which makes life easier for finance teams. Instead of dealing with invoices and matching them with payroll, employee salary packaging amounts are deducted each pay cycle and held in a secure trust fund. Employees are reimbursed from this fund as needed.
This system is straightforward and runs automatically for employers. You will never incur a corporate debt caused by unplanned invoice amounts or insufficient employee payroll deductions. Plus, your payroll team doesn’t need to worry about handling payments, responding to employee queries, or matching deductions with payroll.
Maxxia has direct contact with your employees, and they are permitted to change deduction amounts free of charge at any time prior to each pay cycle cut-off. In turn, we provide you with summaries of changes to deductions each pay cycle.