Traditionally, most income and employment verification methods relied on manual data collection techniques. This made the entire process cumbersome and led to the drain of valuable time of both employees and employers.
Updating information manually would take weeks or even months, and someone had to consistently keep track of the changes in the income and employment history of the concerned employee or customer. This made payroll data verification an expensive task for employers to carry out.
Tartan payroll verification system resolved these issues by providing webhooks to accurately and efficiently verify income and employment data in real time.
A webhook is essentially an HTTP request, which contains information in the form of body or params, which helps different apps and systems to notify the information to each other. We can use the analogy of email. Through email a human can asynchronously pass the information to one another, and information which could be text or document. Similarly, webhook can contain information or sometimes file attachments. Tartan provides Income and employment verification information through a webhook body.
Create an HTTP request endpoint where you will receive
URL : http://abc.com/receive-webhook
Method : post
Good to go now, share this newly created HTTP request endpoint with Tartan. Once the user completes their journey you will magically receive payroll data over this endpoint. Since webhooks work automatically, they do not need to be updated manually by users, and Tartan will call your endpoint asynchronously and provide you the data
Using webhooks to automate your payroll data collection can also provide several benefits, such as:
1. Compliance in check –
Since using webhooks phases out the manual collection of data, it also reduces the margin of error in the process. This boosts the reliability of the entire process and opens up several opportunities, such as offering paycheck-lined loans or effective EMIs. Since data is pulled from verified sources it increases its reliability and is also transferred to by following all security protocols without manual intervention. You can also add extra security layer through IP whitelisting
* Through IP-whitelisting You can request to add extra security layer by adding of tartan’s IP address to list of your trusted IP address. (separately, request Tartan support for IP)
2. Organized, Standardized & User-permissioned data –
Considering the time and effort manual collection of payroll data takes, data collection can lead to a serious drain on the precious resources of your company. Webhooks, on the other hand, streamline the entire process by automating the mode of data collection and save everyone both effort and time.
For example, you would not have to keep asking users to provide verified documentation of income and employment data for extending a loan or similar financial services. Webhooks would ensure that you have the borrowers’ verified payroll data collected and provided to you in real time. This expedites the process of loan approval and ensures that both the lender and the borrower save their precious time.
3. Get visibility and insights through standardized data –
Webhooks allow you to customize the type of information you want to extract from the payroll database. It means you wouldn’t have to waste your time manually looking for the relevant set of data as webhooks would provide you with the required information with greater efficiency and accuracy.
This added flexibility helps you from being overwhelmed by the retrieval of hoards of data that you don’t need and provides you with the data you specifically require. Further, it also adds to your security since the information retrieved is specific and limited.
Webhook data for payroll verification can essentially be categorized into four different types-
However, you may not need all the categories of webhook data which is why Tartan allows you to subscribe specifically to the relevant data categories.
Further, HRMS systems, income types, and payslips that vary from each other in terms of data points make it hard to derive a uniform set of payroll data without using multiple webhooks. However, Tartan provides a uniform webhook for all types of income verification — be it physical payslips, gig platforms, freelancers, or salaried employees.
With its 100+ data points support, Tartan ensures that every set of payroll data is customized in a format that best suits your requirements.
Webhooks provide the most cost-effective and efficient way to consistently monitor user payroll data in the present day. Unfortunately, they are not as prevalent in income and employment payroll data collection, especially in India. So, while most platforms require you to manually request a user's payroll data, which will eventually be hard to process, Tartan provides you with an edge over your competition by ensuring that your payroll data with standard data points in real-time.
With the first-of-its-kind product offering in India and a feature-packed platform, Tartan’s demo session is worth giving a try. Our passionate commitment and rock-solid performance will make you stick to Tartan’s verification APIs forever.
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