How is Abhi Finance beneficial to my company?
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How much does it cost to offer this to my employees?
We do not charge anything to the company partnering with us unless they wish to take on the full or a portion of our transaction fee on themselves.
Will this impact my bottom line?
No this will not impact the company's bottom line, it will only smoothen out your cash flow as now you will pay out your employee’s at the end of the payroll cycle rather than processing advances throughout the month.
How does this improve my employee’s productivity?
Will I have to pay more taxes?
No, you will be paying the same amount out to your employees as you were before just in a more steady manner.
What risk will I have if the employee leaves the company?
There is no risk on the employer, we take this on ourselves. All we ask is that you update us on employees that leave your company on the Abhi portal so that we do not pay them anything they have not earned.
What is the onboarding process? I don’t want to have to do any work.
The onboarding process will be handled completely by our team including a step by step walkthrough to your employees and HR teaching them how to use our service.
How much can my employee’s take out as an advance?
We only take on the risk of 50% of the employee’s accrued salary for now. However if you would like to provide your employees with more we can come to an arrangement whereby this risk is shared between us.
How quickly will my employees receive their money?
The money will be deposited into your employees account within minutes of them requesting the advance providing you have not put any restrictions on them.