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 ✨ Access Skuad’s free Global Hiring Toolkit: E-books, guides, and more at your fingertips! ✨Explore now

Easy Payments: Bulk Invoice Payments and Direct Debit Option Introduced

Updated on :

February 20, 2024
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August 2023: Product Release Roundup

We're excited to share with you the latest updates and improvements, as part of our ongoing commitment to enhance your experience. Explore what's new!

1. Bulk payment of invoices & applying credit notes

Now, you can conveniently select and pay all pending invoices in a single payment flow. Here are the benefits:

  • Consolidated views of “Outstanding Payment” and  “Credit Notes”.
  • Select multiple invoices and pay the selected bulk amount in one go.
  • Apply & settle the credit note amount against the selected Invoice amount (if credit notes are available)

The impact

Full visibility around your payment priorities, flexibility to choose which invoices you want to pay at any given time & more control around how much you want to pay post credit note settlement (if any).

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 Working from home avoids commuting, and fewer commuters result in 

 lower greenhouse gas emissions. 

2. Ability to pay via direct debit 

For our US customers, we have now enabled a 3rd option to “pay via Direct Debit” along with our existing options of Auto Debit and Bank Transfer.

3. Decoupling security deposit from monthly payroll Invoices

Starting from this release, the Security Deposit (SD) amount will no longer appear in your regular monthly payroll invoices. Instead, for every Employee of Record (EOR) and Agent of Record (AOR) personnel added to our platform, individual SD invoices will be generated. This change ensures better clarity and separation of financial transactions.

Key Timing Details:

  • For your initial 5 employees: As soon as you add an employee to our platform, the corresponding SD invoice will be generated. It's crucial to prioritize prompt payment of these first 5 SD invoices. Delayed payments could lead to setbacks in employee agreement signatures, impacting your onboarding schedules.

  • From the 6th employee onwards: SD invoices will be generated based on the following timeline:some text
    • If an employee is added between the 1st and 15th of the month, the SD invoice will be generated on the 15th of the same month.
    • If an employee is added between the 16th and the last day of the month, the SD invoice will be generated on the last day of the month.

The impact

These changes will further streamline your invoicing process and provide greater visibility into your financial transactions.

4. Security Deposit Refunds:

We are pleased to introduce a feature that simplifies security deposit refunds - the creation of credit notes. These credit notes can be seamlessly applied to settle any outstanding invoices.

The impact

This new feature ensures a smoother and more organised process when managing refunds. 

🚀 We hope these updates enhance your experience with our platform. As always, your feedback is invaluable to us as we continue to improve and innovate. Thank you for choosing us as your partner in workforce management.

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