Payroll is a business process that occurs regardless of geographic boundaries. While a large focus for payroll software is given to the North American market, all countries and global regions have their own unique issues and constraints that payroll applications must support. This payroll channel looks at global payroll and regional differences for payroll processes, strategies, software selection and implementation. Here we deliver practical, targeted advice to those companies looking to benefit from payroll software within a specific region as well as enterprises rolling out global payroll solutions across regions.
International Payroll Systems
Payroll software is integral for all organizations, regardless of industry, size, or geography. Intersecting with business areas such as Finance, Compensation Management, and Human Capital Management (HCM), payroll software solutions can drive efficiency and accuracy—fueling a global payroll strategy that not only mitigates compliance risk, but also impacts the organization's bottom-line.
While Oracle may be known for lagging behind the market when it comes to technology innovation, the Oracle Fusion software offering is raising the stakes for Payroll and HR companies worldwide. As it is with all things Oracle though, hype is a large part of the equation. Here, we try to cut through that hype; getting to the heart of what you need to know about this new Fusion solution.
Though the SAP/SuccessFactors deal has received the most press of late, the company’s robust on-premise Payroll and HR solution has been quietly continuing to deliver the same solid functionality it has for 40+years. The question is whether this time-tested solution’s offering is still as relevant as it once was. Here we dive deep to answer that question.
Carving out a niche as one of the most impressive global payroll and HR solutions on the market, NuView is slowly gaining attention by consistently delivering best-of-breed functionalities. Further, by focusing on flexibility and providing an almost entirely customizable offering, NuView looks to be able to address the needs of the mid-market to enterprise-level company. Is it right for you?
Meta4’s PeopleNet solution has enjoyed being a market leader, a market laggard, and a middle-of-the-pack payroll and HR software provider. This in-depth analysis provides the independent and objective review you need to find out Meta4’s true strengths, weaknesses, capabilities, and competitors.
For organizations that are transitioning from single-country to multi-country operations, the payroll process is typically a fragmented endeavor; often managed on both an ad-hoc and country-by-country basis. However, by strategically moving to a global payroll model, those companies can fully leverage the benefits and economies of scale of a centralized operation; regardless of whether the payroll solution remains in-house or is outsourced. This special report takes an overview of the drivers for global payroll and the potential issues to be tackled when developing a global payroll strategy.
Taking a global approach to payroll can provide the benefits of centralization, coordination and standardization. Aimed at providing businesses new to the global payroll arena with deployment advice, this first in a two-part article series looks at the drivers behind why moving to a global or multi-country strategy is important to optimizing payroll management across national boundaries.
Businesses considering global payroll deployments have to consider challenges as well as benefits to this type of solution. This concluding part in our two-part introductory series on multi-country payroll strategies acknowledges these barriers to successfully going global; that most often include the practical areas of cultural issues, successful change management, and regulatory concerns.
Traditionally, choosing a multi-country payroll provider revolved around one of two different models: integration or aggregation. Recently though, the European Payroll Services Alliance (PSA) has developed a new model—one that takes the positive attributes of the integrator and aggregator approaches and rolls it into one seamless option.
Within the Europe, Middle East, and Africa region, organizations are continuing to sharpen their strategic focus by honing in core administrative functions such as payroll. Unlike other areas of the globe, the growing trend is for processes to be moved out to shared services centers, third party providers, and even self-service payroll applications—creating marked efficiencies along the way.
With an unusual combination of extreme diversity and emerging homogeneity, the European payroll environment poses some unique challenges, especially to non-European businesses looking to enter the field. When it comes to handling those challenges, the market includes a wide variety of third party payroll providers.
Recent 2012 research highlights the Asia Pacific region’s payroll and HR practices; finding that a lack of understanding of important regional differentiators could potentially derail attempts to centralize and modernize payroll operations. Here, we analyze that research to highlight the necessary components any organization operating within the region should be aware of.
In the fast-moving Asia Pacific region, a payroll service provider that genuinely understands the region’s diversity of requirements (and the demanding business practices that expanding organizations will encounter) can be an essential business partner. However, the Asia Pacific payroll outsourcing market is incredibly varied; as evidenced by the five offerings reviewed here.
Strong regional economic growth factors and a different approach to engaging the populace in the banking system are combining to create double-digit growth in the Latin America regional payroll market; attracting business from both local and global clients and providers alike.
The requirements for operating in the Middle East region can be obscured by the fact that it is frequently grouped either with North Africa (MENA) and also Europe (EMEA), however a closer look reveals that the Middle East has its own ‘homegrown’ payroll outsourcing and software offerings; five of which are covered here.
A survey by the Canadian Payroll Association reveals what providers and analysts see as the current payroll trends in terms of software and impact on both the workplace and payroll professionals. The crystal ball suggests that the hallmarks of the future state will be mobile access, cloud deployment, and system integration, but with a certain Canadian pragmatism.
Multi-country payroll management is arguably ready for a new approach and the pan-European Payroll Services Alliance (PSA) certainly offers a different model—effectively combining the benefits of local expertise, a single point of client contact, and a standardized payroll service across more than 27 countries.