PayCaptain

PayCaptain is a cloud-based payroll solution offered by PayCaptain Payroll Solutions Limited. According to the vendor, the product aims to transform the payroll experience for companies and their employees. It provides intelligent, automated payroll processing and offers a suite of services to enhance the employee experience, including interactive money management and guidance.

Flexible Payments: PayCaptain offers employees the flexibility to choose how, when, and where they receive bonuses, rewards, and expenses. They can opt to receive their payment instantly, send it to their savings account, or put it directly into their retirement account, according to the vendor.

Faster Payments 24/7/365: PayCaptain is integrated with an Electronic Money Institution (EMI) platform, enabling instant money transfers via the Faster Payments framework. Payments can be sent at any time, seven days a week, 365 days a year, providing employees with fast access to their funds, according to the vendor.

Visa Debit Cards: PayCaptain allows the issuance of personal Visa debit cards for all payroll accounts and savings pots. Employees can track and categorize their spending through the integrated money planning tool, providing greater financial visibility and control, according to the vendor.

Personal Payroll Accounts: PayCaptain can create fully functional accounts for employees who do not have access to a full bank account or for those who prefer to keep funds separated. This feature facilitates easy budgeting, transacting for weekly expenses, and savings, promoting better financial management, according to the vendor.

Payment Splitting: PayCaptain enables employees to make payments directly from their net pay to family members, landlords, loans, credit cards, and other recipients. This feature eliminates the risk of missing important payments and provides employees with greater financial convenience, according to the vendor.

Wage Advances: PayCaptain offers free access to Emergency Cash and automatic weekly advances. Employees can access emergency funds instantly through the app, providing a safety net during unexpected financial situations. Weekly advances help employees manage their budget effectively and protect funds for essential expenses, according to the vendor.

Savings: PayCaptain simplifies the savings process by allowing employees to pre-plan and automate regular savings transfers from their net pay to their chosen account. This feature encourages regular saving habits and reduces the risk of spending instead of saving, according to the vendor.

Charitable Donations: PayCaptain incorporates a Payroll Giving scheme directly into the app, enabling employees to make donations to UK charities directly from their gross wages. Employers can choose to match the donations, promoting charitable giving and employee engagement, according to the vendor.

Interactive Payslips: PayCaptain provides interactive payslips that are branded, visually informative, and available in multiple languages. Employees can interact with the PayCaptain AI chatbot for instant answers to common queries. Help icons and graphics explain tax, National Insurance, student loan, and pension calculations, according to the vendor.

Multi-language App: The PayCaptain mobile app is designed for simplicity and fast access to information. Employees can control their pay preferences, access personalized benefit promotions, and complete instant sign-up forms, all within one app available in multiple languages, according to the vendor.