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Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
Have you wondered whether a global payroll solution is right for you? Over the past few years, an increasing number of multinational companies has chosen to implement integrated global payroll solutions that provide integration and aggregation of their payroll environments across countries. These solutions help to streamline and standardize payroll processes, provide better visibility and controls over local payroll execution and help to simplify the reporting and data integration with 3rd party systems. Here are 6 key reasons and drivers for the implementation for such global payroll solutions:
About 8 out of 10 companies have either recently implemented a global HCM platform (like Workday, SAP SuccessFactors, Oracle HCM Fusion, Ultimate), is in the process of implementing it or is working towards such an implementation over the coming months.There are a few key things to keep in mind when your company is looking at a global HCM solution and its implications for payroll. Read here to know more.
For most multinational companies it is incredibly difficult to obtain reliable, timely information about all of their employees in a consistent, consolidated format.
Automated Accounting for PayrollPayroll is a very important function in any business. Making sure that employees get paid correctly and on time is crucial, whether you are a small startup with 10 employees or a large bank with tens of thousands of employees around the world.
The Payroll industry has a somewhat “sleepy” reputation when it comes to innovation. Having worked in the Payroll industry for the better part of the last 10 years, my personal observation – from speaking with friends, colleagues, consultants, analysts, investors, etc
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