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The benefits of a unified payroll

The benefits of a unified payroll are no longer the privilege of the big multinationals…​

The benefits of a unified payroll are no longer the privilege of the big multinationals...

Unified payroll management across borders is something only the big multinational companies with big budgets could dream of in the past. This was due to the limitations of the software available, and also the pricing of it.

Fifteen years ago, almost no SME used an online self-service tool for their employees to register a vacation or sick day. Only the big companies, with big tools could use and afford them. Today a huge number of SMEs use already locally a self-service tool, because these tools were recreated on the SME size. With almost no configuration, streamlined processes and low-cost setup in the cloud.

Well, the same is now happening in global payroll: the next generation of international payroll software is arriving on the market.

As such, even mid-sized multinationals (10+ countries, 50-300 FTE per country) or those with small country populations (5-50 FTE) can afford professional unified payroll management across borders. And this at a fraction of the cost of the big global payroll providers.

The benefits include:

  • A single international payroll system for managing all employees in all countries, regardless of what local provider/payroll calculator you use
  • Process standardization and automation (e.g. automated monthly payroll closures, including the localized export files for each ICP), with an immediate impact on the efficiency of payroll teams
  • A centralized overview of the composition and evolution of your international workforce
  • Integrated labour cost analytics across your countries, with payroll code details
  • Reduced risk of data entry errors

So, if you are an international mid-market employer and you are not yet using a unified payroll system: what is holding you back?

Try out our international payroll management platform for free, during a 3-month trial period.

Visit www.paybix.eu for more information.

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