NelsonHall identified Paybix as an Innovator primarily based on our creative approach to global payroll digit(al)ization and delivery for multi-national enterprises, attributed to investments in our global Core HR & Payroll SaaS platform, Epix, combined with our approach to partnering with in-country payroll providers.
Liz Rennie, NelsonHall’s HR Technology & Services Research Director, said “As a newcomer to the industry, Paybix is an Innovator in the Payroll Services market in 2023 for bringing a multi-country payroll platform and services with a European-wide design, focused on and adapted to meet the needs of the SME market.”
Hans Joris, CEO Paybix: “Only once in a blue moon a new international payroll provider emerges in the global payroll software and services industry. This time the name of the new kid on the block is Paybix, and we plan to take the digit(al)ization and provision of international HR and Payroll management to a higher level.
The industry experts of NelsonHall interviewed us and our customers, and acknowledged the strength of Epix, to establish first-hand that Paybix may be new in age but definitely mature in its product/service combination. We totally agree with NelsonHall’s judgement and with our position in their NEAT graphs for Payroll Services 2023.”
Paybix’ global Core HR & Payroll SaaS platform Epix, plus, optionally, the managed payroll services of an international network of in-country payroll providers, offers multi-national enterprises the flexibility to optimally outfit and manage their global and/or regional payroll functions.
Hans Joris, CEO Paybix: “Epix comes with deep localizations of the various payroll requirements, including country-specific employee data fields, values, and validations. This combined with the embedded mapping engine for pay codes, provides customers with access to a truly user-friendly and error-free front-end for the input of employee and payroll data.
Moreover, the same pay code mapping engine is the basis for meaningful and very granular analytics on labour costs across the in-scope countries.
Detailed and rich insights on the total workforce, permanent and contingent, also comes as a standard with Epix.
The combined features of Epix allow customers to get instant, fingertip access to a wealth of HR & Payroll KPIs.”
If the customer chooses to use the managed payroll services of its ICP (In-Country Provider) network combined with Epix, then Paybix will assume the end-to-end vendor management with the in-scope ICPs, from initial contracting to hand-over to a successor if needed.
The tri-partite managed payroll services agreement, with the legal and commercial terms and conditions, is identical for all the in-scope countries.
The vast and deep payroll experience of its 3 co-founders has helped Paybix in building a well-thought-through, competitive and interesting offering in the international payroll industry.
International companies seeking an end-to-end solution, or a Core HR & Payroll SaaS only, should closely monitor Paybix while they grow their international customer base and partnership network over the next few years.