New research by The Hackett Group
Multinational organizations have learned, sometimes painfully, that no single platform can process payroll in all countries. Although solutions are maturing, a global, end-to-end payroll process still requires partnering with one or more vendors for execution. Nevertheless, a single, overall approach to governance and strategy oversight is required.
- Global payroll solutions are starting to fulfill their earlier promise thanks to emerging technology like robotic process automation and advances in analytics.
- Maintaining clean, standardized data still presents challenges for most companies, despite investments in human capital management solutions.
- As the market has matured, global payroll vendors are becoming stronger partners, but need to be involved during the global payroll strategy creation phase for maximum impact.
Learn more about the advantages of globalizing payroll with Global Managed Payroll.