Monetworks product
South African payroll, done correctly.
MonetWorks Payroll calculates PAYE, UIF and SDL, generates EMP201, EMP501 and IRP5 files, and produces bank EFT files. Employees get a secure portal for payslips and IRP5s. No spreadsheets, no last-minute filing panic.
Built for
- South African employers paying monthly or bi-weekly
- HR and finance teams responsible for SARS submissions
- Businesses that pay staff across several banks
- Employees who want payslips and IRP5s without asking HR
Problems it solves
- PAYE, UIF and SDL worked out in spreadsheets
- EMP201 and EMP501 deadlines handled in a rush
- Payslips emailed one by one
- Bank payment files prepared by hand
What it does
Features
Statutory calculations
PAYE, UIF and SDL calculated by a rules-based tax engine that is auditable and accurate.
SARS-ready files
EMP201, EMP501, IRP5 and UIF documents in eFiling format, with a monthly EMP201 view.
Bank EFT files
Payment files in ABSA, FNB, Nedbank and Standard Bank formats.
Payroll in minutes
Calculate, approve and pay in one workflow, with scheduled monthly and bi-weekly runs.
Employee self-service
A secure portal for payslips, IRP5 certificates and profile updates.
Leave and attendance
Leave management and attendance feeding the pay run.
Insights and anomaly checks
Payroll forecasting and alerts on unusual changes before you approve.
Multi-company
Separate, isolated data per company with roles for employees, managers, HR and administrators.
POPIA compliant
Personal information protected and access controlled by role.
Control and security
Built for trust
- Roles for employees, managers, HR and administrators
- Approval workflow before payment
- Data isolated per company
- Hosted and supported in South Africa
Configured to the way you work
Every business runs differently. We set the system up around your roles, approvals and reports, migrate your existing data from Excel, train your team, and host and support it after go-live.
Client references available on request.
See it working on your own process
Book a free 45-minute demo and systems review on Microsoft Teams or Google Meet. We walk through the system with your scenario and show what would change. No obligation.