A crucial report delivered to your finance team
The global payroll department and the finance team need to share data. Global payroll is often an organization’s single largest expense so finance executives will always need global payroll data and reporting for analysis and cost management initiatives.
The reporting suite on the Payslip platform offers a major advantage to the finance department. On Payslip, you can deliver crucial general ledger reporting to them in 1 working day. This is a major timesaver and a hugely important efficiency boost.
The GL Report
This is a month-end payroll accounting report, generated by Payslip at the end of the pay period for financial executives. It is one of the most important monthly reports in the finance department-the data feeds into a number of hugely important tasks they run. The sooner they get this vital report, the sooner they can begin working with the data.
At many global organizations, finance executives often have to wait four working days or longer for access to this information-a source of much frustration to them. Being able to get access to this report in one working day after the pay period has ended is a major advantage.
GL on Payslip
On the Payslip global payroll control platform, it is easy to generate GL reports. Our data standardization playbook ensures that we map, classify and standardize all the relevant global payroll data pay elements during the onboarding process. This facilitates consolidated, multicounty reporting.
The core benefit of generating these crucial GL reports is immediate access for the financial executives who urgently need them. They can begin analyzing and working on the general ledger data in as little as one working day after the payrun ends. This is game changing speed and efficiency, enabling the finance department to deliver key outputs in a faster and better way.
For information on the Payslip Platform contact us today.
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Using Payslip, we can manage all our payrolls across nine in-country vendors on one platform. When the global Covid-19 pandemic arose, it was not an issue from a payroll perspective, and critically getting everyone paid. The Payslip platform enabled continuity for our international payroll service including the fast and seamless implementation of the Payslip Employment Self Service during this time.
Payroll Manager, LogMeIn
Payslip as a technology platform has added a missing piece in our payroll set-up. As an international company with offices in 16 countries, it’s important to us that every employee at GetYourGuide has the same great experience when accessing their pay data.
At the same time, we work well with smaller local payroll providers, supporting us with direct local expertise in their countries. We were able to combine those two elements by placing the Payslip platform in the middle, to simplify reporting and communication with local providers, and to have one simple employee-facing solution across all locations.
Head of HR, GetYourGuide
With business and employee growth rates of above 50%, we rely on our vendors to deliver on time, every time. Payslip’s workflow automation, enables Phorest to manage our payroll provider process – data driven, real time and transparent. Payslip saves us time so we can focus on our business growth.
International Payroll Manager, Phorest
Payslip positions your team for success, and allows you to onboard hundreds of people when you need them very quickly and efficiently, in the same way for each country. The uniformed approach empowered our payroll teams to keep pace with our business.
Payslip also made our payroll process entirely transparent, which is invaluable to our payroll teams as we continue to grow and scale at such a rapid pace.
HR Systems Lead, Wave