Managing statutory contributions efficiently is crucial to staying compliant as a business and we're thrilled to announce a major update to our platform that will streamline your remittances. With PaidHR (formerly Pade HCM), you can now remit your National Housing Fund (NHF) and Nigeria Social Insurance Trust Fund (NSITF) contributions, making it easier to handle all your remittances directly through one secure, unified platform.
Why Choose PaidHR for NHF and NSITF Payments?
PaidHR (formerly Pade HCM) simplifies the remittance process, eliminating the need for multiple platforms, which streamlines your financial operations and reduces the risk of errors.
- Efficiency: Streamline the process of statutory remittances.
- Security: PaidHR uses advanced security protocols to ensure all your transactions are safe.
- Compliance: Stay compliant with Nigerian laws easily without the hassle of managing multiple platforms.
How To Set Up Your NHF AND NSITF Remittances On PaidHR
Here's a quick step-by-step on how you can leverage this new feature to ensure compliance and enhance your operational efficiency:
STEP 1: Log In to Your PaidHR Account: Start by logging into your existing PaidHR account.
STEP 2: Update Company Details: Click on 'Company Details' to update your company's NHF and NSITF numbers, ensuring all data is current and correct.
STEP 3: Create Contribution Schedules: Click on 'Payroll' then select 'Payschedules', and choose 'Regular' to proceed. Select either 'NHF Summary' or 'NSITF Summary' from the options provided
STEP 4: Submit Your Schedules: Enter all necessary details, create your schedule, and submit it. Your contributions will be automatically remitted according to the schedule.
Streamline Your Statutory Remittances With PaidHR
Using the right software can transform statutory remittances into the simplest part of your payroll process, no matter how many employees you have or the variety of deductions required.
PaidHR's advanced payroll engine enables you to implement any number of deductions effortlessly before processing your payroll. It also allows for automatic remittance of taxes and pensions, and other contributions. And the best part is, you can monitor these transactions in real-time.
Want to learn more on how we can eliminate your blockers with remittances, Request a demo now.