CloudPay - How Groupon & Wells Fargo Manage Global Payroll & Compliance
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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 Additionally, many payroll operating models are outdated and there is no standardization among local vendors.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
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CloudPay - How Groupon & Wells Fargo Manage Global Payroll & Compliance
- 1. MANAGING GLOBAL PAYROLL & COMPLIANCE GROUPON & WELLS FARGO
- 2. 2 INTRODUCTIONS PAUL BARTLETT CEO CLOUDPAY RICARDO REHKOPF DIRECTOR OF GLOBAL PAYROLL & SHARED SERVICES GROUPON NORBERT BRAUN VP, PAYROLL LEADER, GLOBAL PAYROLL SERVICES WELLS FARGO ROCHELLE A. HOOD, PMP GLOBAL HEAD OF CUSTOMER ANALYTICS AND RESEARCH SSON
- 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
- 5. STATE OF GLOBAL PAYROLL
- 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?