Managing global payroll operations can be a challenge. Multinational companies have to be conscious of ever-shifting laws, statutory requirements, financial regulations, contracts, and collective bargaining agreements. Additionally, many payroll operating models are outdated and there is no standardization among local vendors.
In this presentation, CloudPay’s CEO and global payroll leads from Wells Fargo and Groupon discuss how organizations can enhance transparency and minimize risk in global payroll and compliance.
To view the recording, visit: http://hubs.ly/H07fpBp0
3. 3
We built a cloud solution
to help multinational
organizations optimize
global payroll processes,
costs and compliance.
ABOUT CLOUDPAY
OVER 20 YEARS IN 120+ COUNTRIES IN 20+ LANGUAGES
4. AGENDA
1. State of Global Payroll
2. Case Studies
3. The Age of Transparency
6. 8
AGE OF INERTIA IN PAYROLLLevelofCentralization&
IntegrationofFunction
HR STARTS MOVE
TO CLOUD
FINANCE JOINS
HR IN THE CLOUD
INERTIA IN
PAYROLL
1985 1995 2005 2015
7. 9
Global organizations need to
ensure consistent and compliant
payroll while reducing operating
costs and manual processes
COMMON PAYROLL
CHALLENGES FOR
GLOBAL COMPANIES
Sources: EY 2016 - Global Payroll Survey
Standardized
payroll processes System integration
& automation
Consolidated
reporting and
analytics
Local payroll
requirements
Compliance
& security
25%
14%
23%
21%
17%
8. THESE CHALLENGES ARISE OUT OF THREE PROBLEMS
Payroll remains an underserved part of the enterprise for multinational organizations, with
inefficiencies across technology, people and processes
10
PROCESS FRAGMENTATION
ACROSS THE GLOBE
DISPARATE REPORTING
AND DATA MODELS
LEGACY PAYROLL SYSTEMS
& NO INTEGRATIONS
9. 11
Take our free and interactive online
assessment, launched as a collaboration
between CloudPay and NelsonHall, to
help you assess the maturity of your
payroll processes & technology
à www.PayrollAssessment.com
HOW MATURE IS
YOUR GLOBAL PAYROLL?