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Unity Infotech Develops Cost-effective Solution for UAE Banks to Comply with New WPS Regulations - Faster implementation of Unity Infotech's WPSPro helps banks expedite transition towards WPS-compliant salary disbursement process
Unity Infotech Develops Cost-effective Solution for UAE Banks to Comply with New WPS Regulations

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2010/02/04 - Faster implementation of Unity Infotech's WPSPro helps banks expedite transition towards WPS-compliant salary disbursement process.

   
 
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Unity Infotech, one of the fast-growing information technology companies in the region, has revealed that the UAE Ministry of Labour's (MOL) strict enforcement of the Wages Protection System (WPS), a government initiative launched in 2009 to safeguard the wages of workers from defaults and delays, has created an emerging demand for WPS compliance products and related professional support services in the UAE. Unity Infotech further disclosed that business organisations are now aggressively adopting WPS compliance solutions that are cost-efficient, stable, secure and scalable, the same key attributes that have made Unity Infotech's state-of-the-art WPS compliance product suite a popular choice in the market.

Unity Infotech reported that its customised WPS compliance product for banks and exchange houses, WPSPro, has already helped several banks and exchange houses expedite their compliance with the government's new salary disbursement regulations in a very cost-effective manner. Developed on the latest Microsoft ASP.Net technology, WPSPro is a robust, stable, scalable and cost-effective solution that covers all the cycles mandated by the WPS. The WPSPro can also be easily extended to integrate with any of the core back-end system of banks adhering to the regulations set forth by the Ministry.

“Al Khaliji(France) SA (BLC Bank), Banque Misr, El-Nilein Bank and National Bank of Oman are among the first few banks that have complied with the UAE's WPS regulations through the WPSPro. These banks were able to achieve WPS compatibility within just a few days after signing the agreement to deploy the WPSPro. Several other banks and exchange houses in the UAE have either signed or are in the processes of signing the contract with us for the WPSPro solution,” said Mr. C. Balasubramanian, Director – Banking & Finance Solutions, Unity Infotech.

Unity Infotech has also recently launched WPSCorporate, a WPS compliance solution for corporate customers in the UAE. WPSCorporate likewise enjoys a strong market following as it provides a convenient, economical solution for small and medium companies in the UAE to abide by the government's WPS regulations.

“WPSCorporate is a SIF convertor and a mini payroll processing system that enables small and medium businesses in the UAE to adhere to WPS regulations. The application is very user-friendly and can be installed and configured easily by any user with little IT knowledge. It is a flexible solution that can generate the Salary Information File, which our clients send to their banks for salary processing. The system can also be used as a stand-alone utility to just convert any ASCII format file or Excel file containing the required data to the SIF format,” said Mr. C. Balasubramanian.

Aside from WPS-based products and services, Unity Infotech has also developed several IT solutions and value-added offerings that target banking, financial and corporate clients in the UAE and the rest of the Middle East.

“Our business model is geared towards providing customers best-of-breed technology solutions in a very cost-effective way. Our main thrust is prompt and efficient delivery of products and customised solutions and services, which we believe will help clients reduce turnaround time for ROI. Moreover, a tested and proven methodology for fast-pace implementation and proactive support has been the key to our success. We understand the value of timely, proactive support, which allows our customers to go up and running at the earliest,” concluded Mr. C. Balasubramanian.

About Unity Infotech

Unity Infotech (unityinfotech.com) is a fast-growing, UAE-based IT solutions provider that mainly focuses on the banking and finance sector. The company also offers various IT solutions and services to small and medium corporate businesses. Unity Infotech is powered by a highly qualified team of professionals with extensive, specialised expertise and experience, which Unity Infotech considers as its biggest asset, giving the company the edge in providing all its customers with best-of-breed, cost-effective technology solutions. With a separate development arm in India apart from its own development, implementation and support team in the UAE, Unity Infotech has a strong pool of talent and technology resources that has enabled the company to satisfy the demands of 100 per cent of its clientele.

 
 
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Written by / Agency / Source: Unity Infotech Solutions, LLC

 
 

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Unity Infotech Develops Cost-effective Solution for UAE Banks to Comply with New WPS Regulations

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Publisher Contact: Rajesh Vallath - UnityInfotech.com 
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