Global payroll challenges solved: Compliance
Welcome to the sixth in a series of short read blogs where we discuss a range of challenges being experienced at global payroll departments at multinational organizations around the world and specifically, how the Payslip global payroll control platform is designed to solve these challenges. Let’s dive right in.
Compliance and the complexity surrounding it is a major pain point for global employers today. Global organizations need to pay employees across several different countries and continents- each of whom have different laws and employee legislation that needs to be adhered to.
A lack of integrations means that the data flows into the centrally managed function at the global employer are not clear enough to offer visibility and control over multicounty compliance. Ultimate responsibility for compliance lies with the global employer and there are significant financial penalties for non-compliance. A technology solution is needed to help employers see, manage and control global payroll compliance.
How Payslip solve it
The Payslip global payroll control platform makes it easy for the key players in the global payroll ecosystem to share and receive payroll data. Integration functionality connects HCMs, financial accounting software and local country payroll provider systems with the employer software. Secure integrations ensure that essential global payroll data does not get missed, while also protecting it with robust security features.
Digital tools such as digital calendars and digital audit trails create much needed transparency in monthly global payroll processing cycles. The audit trails create documented and clear digital evidence that accounts for what payroll data was collected, who has access to it, what they did with it and when-enabling global employers to digitally prove compliance on a local country and overall global level.
Stakeholders who benefit
If compliance concerns are a global payroll challenge that you would really like to be solved at your organization, then talk to Payslip today-a member of our team will be happy to talk you through our platform and show you in real-time.
For information on the Payslip Platform contact us today.
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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.
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