Advance claim management with Salary Advances
Manage and follow the advance processes in the most practical way.
Salary Advances to create and manage advance payment procedures
There are various factors in businesses that make it difficult to monitor and track the advances that employees request. For example, there are several different types of advances, but the amount of advances required, the payment processes and procedures vary depending on these types of advances and the advance policies of the company. Ensure that debt definitions are made, approval procedures are completed and reported so that both the contractor and the employee do not encounter any issues during the advance payment process.
Work Integrated with other systems
The Cosmo-HR Advance Module allows the employee to easily request a salary advance and, after approval by the manager, the employer pays the salary advance. You are free from duplicate processing by moving the advance payroll used as an additional deduction to the D365 Business Central payroll solution.
View Details to review and check
Employees and managers can view the advances they have processed on a monthly and an annual basis and can view the details and save them in order of request date.
Salary Advances capabilities
- Employees request salary advances directly through the self-service portal
- Define advance types with separate policies, limits and approval flows
- Multi-stage approval process with manager and payroll sign-off
- Approved advances automatically flow to D365 Business Central as payroll deductions
- Employees and managers can view advance history on a monthly and annual basis
- Prevents duplicate advance requests through status tracking
- Configurable repayment schedules per advance type
- Full audit trail of requests, approvals and payments
What can Cosmo-Hr do for you?
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