New Finance Analytics. Game Changing Insights

November 10, 2022 | 5 Mins Michelle Pedreschi

In the November release, we have expanded our reporting analytics offering and this month the focus is on Finance Reporting. The platform’s comprehensive reporting tool now features new finance analytics with a range of helpful visualization and filtering options.

In a challenging economic climate, it’s even more important for Finance teams to assert total control over company spending and make informed predictions on potential future costs. On the Payslip platform, our enhanced finance analytics can give Finance teams instant access to everything they need to make data-driven decisions around payroll costs.

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The analytics help bring finance related payroll data to life and provides detailed data points and information that can be delivered to senior financial executives in the office of the CFO. 

Finance teams looking to make informed decisions based on real time payroll data and helpful analytics are very well served by this latest product update.  It is a challenging time just now for global businesses, so additional reporting and data that can help with informed decision making around cost management and head count can be particularly valuable. They can access the information they need in just a few clicks for rapid decision making based on accurate real time data. A selection of payroll analytics they can access include:

    • Country cost comparisons
    • Global Total Employee Cost
    • Global Payroll element costs
    • Employer contributions costs
    • Workforce payroll changes

Global payroll is often the biggest cost that any organization will face so it makes sense to have detailed and comprehensive oversight when it comes to this cost in the form of insightful reporting and powerful analytics.  Reporting and analytic insights for data-driven financial planning, risk management, and cost management initiatives are even more important during an economic downturn, when request for more detailed insight and analytics tend to rise.

Our global clients are delighted to discover that as soon as they consolidate all of their payroll data from all of their countries in the global payroll control platform, the reporting and analytics function offers them crucial in-depth understanding of their payroll costs as well as the ability to compare payroll spend by year, country, cost-centre, and even by pay element.  

All of this provides essential clarity, visibility and control over payroll costs while empowering global payroll professionals to respond to pressurized requests for payroll cost analytics and reporting.

 


For more information about our Global Payroll Control Platform contact us today.

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