General Organization for Social Insurance
Saudi Arabia
Asia and Pacific

Mudad Payroll Management System

Implementation year
2020

A major challenge facing almost 400,000 small- and medium-sized enterprises (SMEs) is complying with governmental regulations while being able to focus on operations and not getting stretched financially. In this case, SMEs need to comply with Wage Protection System (WPS) but they are faced by service and cost issues at banks. Mudad Payroll Management System – www.mudad.com.sa − is a financial technology solution that was launched as part of the National Transformation Programme 2020 to create a cloud solution that can be easily utilized by SMEs to process their payrolls and comply with WPS. By creating a one stop shop for SMEs whereby they can access a platform that has all the needed integrations (financial institutions, the Ministry of Human Resources and Social Development, the General Organization for Social Insurance (GOSI)), they become able to manage their payrolls efficiently, effectively, and affordably

Topic:
Governance and administration
Information and communication technology
Service quality