As you probably discovered since the COVID-19 pandemic, gone are the days when payroll is merely a back-office function. The spotlight is on payroll like never before. However, with ADP’s global payroll solutions, payroll can become a strategic asset to your financial services organisation, helping you:
99.9% of our employees are now paid on ADP, and our payroll problems are at an all-time low … Our recent employee survey saw significant improvement.
Traci Memmott,
Global Head of Payroll
PayPal
We live and breathe payroll, carrying out research to better understand how to help our customers. Our 2022 survey1 highlighted that what’s needed more than ever is an efficient, streamlined global payroll solution that can scale quickly to help financial services companies like yours enter new markets.
You’re no doubt aware of the need to transform payroll globally, given the following factors:
So we asked finance and HR executives what aspects of global payroll did they want to improve over the next three years?3 They responded with a wish list.
Planned improvements |
Global level |
Regional level |
Data security |
44% |
44% |
Accuracy of employee pay |
36% |
35% |
Reporting capabilities |
32% |
33% |
Regulatory compliance |
32% |
30% |
Timeliness of employee pay |
31% |
31% |
Invest in new technology |
31% |
29% |
Implement shared services |
28% |
27% |
Increased integration with payroll and other business-critical systems |
25% |
26% |
Our cloud-based platform for global payroll gives your teams visibility of all your processes and data, both locally and globally, leading to the following benefits:4
Staying on top of regulatory compliance
Enhancing efficiency via a single, unified platform
Accessing insights from payroll reporting efficiencies
We understand that moving across to a global payroll solution requires a serious investment in time and money. That’s why we commissioned Forrester Consulting to carry out an independent Total Economic ImpactTM (TEI) study. They examined the potential return on investment (ROI) for international financial services organisations like yours who use ADP Global Payroll. They discovered the following benefits:
Compliance cost avoidance
$1.8M
Direct cost avoidance
$822.5K
Improved staff retention
$951K
Payroll process efficiency gains
$1.4M – small country
$718.1K – large country
Payroll reporting efficiencies
$147.3K
Ask a potential global payroll services provider the following questions:6
Request a demo
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