Why HR Leaders Are Moving IAS 19 Compliance In-House (And How KayanHR Just Made It Possible)

KayanHR integrates Prima Consulting's actuarial system, turning a once-yearly external project into a built-in HR function

Riyadh, Saudi Arabia - Every September through November, HR teams across the Middle East face the same ritual: gathering employee data, coordinating with external actuaries, waiting weeks for valuations, and hoping numbers pass audit. It's predictable, expensive, and outdated.

KayanHR is changing that. The HRMS provider has integrated Prima Consulting's IAS 19 actuarial valuation engine directly into its platform, giving organizations control over a process that traditionally required outsourcing to external specialists.

The capability addresses a straightforward business need: Saudi Arabia's Labor Law mandates end-of-service benefit valuations, and IFRS standards require accuracy. Until now, most organizations hired external firms to handle this annually. The integration means valuations can now happen whenever needed, not just when auditors demand them.

The system handles the technical complexity. It processes 50,000+ employees in moments, automatically adjusts for country-specific retirement ages and social security regulations, and maintains data residency within local cloud deployments for privacy compliance. For organizations with subsidiary structures across multiple countries, it eliminates the coordination overhead that typically stretches multi-country valuations across months.

KayanHR and Prima Consulting are piloting the integration with selected customers through the current valuation season, with full market availability planned for Q2. The partnership represents a shift in how organizations in the region approach benefits compliance, from an annual event handled by specialists to an integrated, on-demand business function.

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About KayanHR
KayanHR is a cloud-based HRM solution that enables organizations of all sizes to manage, control, and grow their human resources more effectively.

The platform facilitates HR's digital transformation with modules including People Management, Payroll, Time Attendance, Timesheets, Talent Development, Talent Acquisition, Performance Appraisal, Career Path, Succession Planning, Business Trips, and Air Ticketing.

The company name derives from the Arabic word "being," reflecting the foundational role people play in business success. KayanHR offers advanced employee self-service capabilities that encourage employee engagement and foster a social culture within organizations.

Contact: https://kayanhr.com/contact-us-anytime-schedule-a-free-appointment-with-our-team-kayanhr
Website: https://kayanhr.com/

About Prima Consulting
Prima Consulting provides financial and risk management consulting across Saudi Arabia, the UAE, Pakistan, Germany, and the rest of the European region, with expertise in IAS 19 Valuations for Employee Benefits Accounting and Pension Valuation.

The firm's cloud-based IAS 19 Actuarial Valuation Tool serves organizations throughout the Middle East, including companies with complex multi-entity structures and tens of thousands of employees.

Prima's solution supports both funded and unfunded schemes, provides comprehensive archiving for historical valuations, and offers privacy-compliant reporting that doesn't require personal employee identifiers.

The system's configurable architecture adapts to regional regulatory requirements across different markets.

IFRS Tech is Prima Consulting's technology division, responsible for developing and operating its cloud-based actuarial and financial reporting systems, including the IAS 19 valuation platform used in this integration.

Contact: https://primaconsulting.org/contact/
Website: https://primaconsulting.org/
Website: https://ifrstech.com

This release was published on openPR.