This document summarizes a presentation about global payroll. It discusses the key aspects of managing payroll across multiple countries, including global payroll administration, operating models, challenges with local versus expatriate payroll, outsourcing options and technologies, new country setup processes, and best practices. The presentation provides an overview of global payroll and considerations for establishing an effective global payroll strategy and governance structure.
Recognizing and Managing Through Global Payroll ChallengesImmedis
Immedis US President of Operations Dave Leboff presented "Recognizing and Managing Through Global Payroll Challenges" on the 17th of August 2018 at the APA San Francisco Chapter Event.
[WEBINAR] Understanding the 2014 Coverage Gap Discount Program (CGDP) Invoice...Paragon Solutions
Register to watch the recorded webinar: http://goo.gl/YZ6tRT
In January 2014, CMS announced 2014 changes to the Coverage Gap Discount Program (CGDP) related to Negative Invoice Reconciliation and resulting changes to the Quarterly Invoice process. The changes will be in effect for 1Q2014 processing quarter with invoice reports hitting Manufacturers by mid to late April 2014. Quickly reacting to change can cause uncertainty, but with the right awareness, focus, and preparation you can position your organization for a successful transition.
This presentation will enable you to better understand these changes, how they will impact your business process, and what you need to consider and evaluate to prepare for these changes. The change overview and impact considerations will offer insights to companies of all stages.
What you can expect to learn:
- Overview of 2014 CGDP Changes; Negative Invoice Reconciliation and Changes to Quarterly Invoice Process.
- How these changes will impact your business process.
- How to prepare for these changes.
Building the Tax Team of the Future to Navigate the Storm of Regulatory Change Sovos
As tax moves from a back-office function to an integrated and strategic position, tax professionals must have a data-driven, business, and security mindset.
Watch onDemand by using this link: https://goo.gl/8trFsv
- Datatec Group reported revenue growth of 8% for the six months ended 31 August 2014, with solid overall revenue growth and a strong recovery in Westcon. EBITDA increased 1% while underlying EPS declined 5% due to group costs and delays in Logicalis Brazil related to the FIFA World Cup.
- Westcon revenues grew 14% with growth across all regions, particularly 27% growth in North America. Westcon EBITDA increased 22% through operating leverage.
- Logicalis revenues declined 7% with a $50 million revenue shortfall in Brazil due to the FIFA World Cup.
- Cash flow turned positive, with a $175 million inflow from operating activities and a reduction
FDSeminar Controlling Christian Pauwels - BimacFDMagazine
This survey examined the evolving roles and responsibilities of controllers. It received 157 responses from controllers (76%) and CFOs (24%). Key findings include:
- Reporting and decision support are controllers' major activities, while transactional activities are minor. CFOs focus on reporting and projects.
- Skills like strategy, performance measurement, and analytics will become more important. Budgeting and reporting will decline.
- Processes need improvement in areas like automation, centralization, and strategy deployment.
- Controllers are shifting from reactive to more proactive management information.
- Soft skills like communication and problem-solving are increasingly important. Hard skills in strategy and analytics are growing.
- Matrix reporting structures
This document summarizes a presentation on asset management for water and sewer utilities. It discusses the state of aging utility infrastructure and current challenges like declining revenues and increased maintenance demands. An overview of asset management is provided, including its components like understanding level of service expectations, asset knowledge, planning, and funding strategies. Simple initial steps for utilities to begin an asset management program are outlined, such as assessing the current state of assets and identifying critical assets. The presentation emphasizes that asset management can help utilities deliver services at the lowest life cycle cost through optimized operations, maintenance, and capital investment strategies.
This document provides an overview of a presentation on input to output costing and options for measuring efficiency. The presentation agenda includes discussing current drivers for improved cost information, the role of logic models and business process mapping, the efficiency management continuum, activity-based costing and planning, the role of technology in costing, and linking costing to Lean and Six Sigma approaches. The document then goes on to provide details on the various topics in the presentation agenda.
Recognizing and Managing Through Global Payroll ChallengesImmedis
Immedis US President of Operations Dave Leboff presented "Recognizing and Managing Through Global Payroll Challenges" on the 17th of August 2018 at the APA San Francisco Chapter Event.
[WEBINAR] Understanding the 2014 Coverage Gap Discount Program (CGDP) Invoice...Paragon Solutions
Register to watch the recorded webinar: http://goo.gl/YZ6tRT
In January 2014, CMS announced 2014 changes to the Coverage Gap Discount Program (CGDP) related to Negative Invoice Reconciliation and resulting changes to the Quarterly Invoice process. The changes will be in effect for 1Q2014 processing quarter with invoice reports hitting Manufacturers by mid to late April 2014. Quickly reacting to change can cause uncertainty, but with the right awareness, focus, and preparation you can position your organization for a successful transition.
This presentation will enable you to better understand these changes, how they will impact your business process, and what you need to consider and evaluate to prepare for these changes. The change overview and impact considerations will offer insights to companies of all stages.
What you can expect to learn:
- Overview of 2014 CGDP Changes; Negative Invoice Reconciliation and Changes to Quarterly Invoice Process.
- How these changes will impact your business process.
- How to prepare for these changes.
Building the Tax Team of the Future to Navigate the Storm of Regulatory Change Sovos
As tax moves from a back-office function to an integrated and strategic position, tax professionals must have a data-driven, business, and security mindset.
Watch onDemand by using this link: https://goo.gl/8trFsv
- Datatec Group reported revenue growth of 8% for the six months ended 31 August 2014, with solid overall revenue growth and a strong recovery in Westcon. EBITDA increased 1% while underlying EPS declined 5% due to group costs and delays in Logicalis Brazil related to the FIFA World Cup.
- Westcon revenues grew 14% with growth across all regions, particularly 27% growth in North America. Westcon EBITDA increased 22% through operating leverage.
- Logicalis revenues declined 7% with a $50 million revenue shortfall in Brazil due to the FIFA World Cup.
- Cash flow turned positive, with a $175 million inflow from operating activities and a reduction
FDSeminar Controlling Christian Pauwels - BimacFDMagazine
This survey examined the evolving roles and responsibilities of controllers. It received 157 responses from controllers (76%) and CFOs (24%). Key findings include:
- Reporting and decision support are controllers' major activities, while transactional activities are minor. CFOs focus on reporting and projects.
- Skills like strategy, performance measurement, and analytics will become more important. Budgeting and reporting will decline.
- Processes need improvement in areas like automation, centralization, and strategy deployment.
- Controllers are shifting from reactive to more proactive management information.
- Soft skills like communication and problem-solving are increasingly important. Hard skills in strategy and analytics are growing.
- Matrix reporting structures
This document summarizes a presentation on asset management for water and sewer utilities. It discusses the state of aging utility infrastructure and current challenges like declining revenues and increased maintenance demands. An overview of asset management is provided, including its components like understanding level of service expectations, asset knowledge, planning, and funding strategies. Simple initial steps for utilities to begin an asset management program are outlined, such as assessing the current state of assets and identifying critical assets. The presentation emphasizes that asset management can help utilities deliver services at the lowest life cycle cost through optimized operations, maintenance, and capital investment strategies.
This document provides an overview of a presentation on input to output costing and options for measuring efficiency. The presentation agenda includes discussing current drivers for improved cost information, the role of logic models and business process mapping, the efficiency management continuum, activity-based costing and planning, the role of technology in costing, and linking costing to Lean and Six Sigma approaches. The document then goes on to provide details on the various topics in the presentation agenda.
U.S President of Operations at Immedis, Dave Leboff address the Charm City Payroll Conference in Maryland where he talks on "Building the Foundations of Global Payroll"
Accenture and Workday: Look to the Cloud for your Global Payroll Strategy Accenture Technology
Learn about the challenges and drivers of a global payroll strategy, as well as the key elements for executing that strategy in the cloud. Accenture is a thought leader in the planning and implementation of a global payroll strategy and a leading Workday Partner since 2008.
This document provides a summary of Nirmala Rao's experience and qualifications for payroll operations and finance roles. She has over 13 years of experience managing payroll for large multinational companies. Her responsibilities included driving all aspects of payroll processing, ensuring statutory compliance, analyzing payroll costs, and resolving employee queries. She demonstrates strong skills in areas like payroll operations, deductions, statutory compliances, and accounting. Nirmala Rao is currently seeking a challenging position that utilizes her extensive experience in payroll and finance.
Accenture and Workday: Look to the Cloud for your Global Payroll StrategyAccenture Technology
Learn about the challenges and drivers of a global payroll strategy, as well as the key elements for executing that strategy in the cloud. Accenture is a thought leader in the planning and implementation of a global payroll strategy and a leading Workday Partner since 2008. Visit www.accenture.com/workday.
Global Payroll Strategy: Bringing Order to Global Payroll ChaosJulie Fernandez
Global payroll outsourcing is an area of growing interest for multinational companies seeking to reduce costs and complexity. The document discusses ISG's proprietary methodology and filtering tool for evaluating countries for potential payroll outsourcing. The tool analyzes countries across two axes - payroll complexity and organization/leverage potential. It identifies countries that may be suitable for different payroll sourcing strategies. The document also notes challenges in defining accurate business cases for global payroll outsourcing.
Questions to Ask Before Selecting a Global Payroll Provider gives you the framework you need when choosing a global payroll provider. What are the fundamental expectations you should have of a vendor? Which features and add-ons yield ROI?
CA Amit Agrawal seeks a mid-managerial position in financial accounting and reporting. He has over 4 years of experience in financial analysis, reporting, budgeting, variance analysis, and regulatory reporting. He is proficient in financial systems, internal controls, and statutory compliance. Currently an Assistant Manager at AXA Business Services, his roles include group accounting, regulatory reporting, solvency calculations, and managing a team of 5.
Jacqueline Donovan has over 20 years of experience in payroll management. She is currently the Head of Payroll Africa for Capital Outsourcing Group, managing payrolls in 8 countries with over 20,000 employees valued at 100 million monthly. Prior to this role, she held positions as Recruitment Manager and Project Consultant for the same company. She has extensive training and experience in payroll administration, taxation, and ensuring compliance.
OPEX.GURU provides services related to operational excellence and process improvement. They use tools and techniques to review client processes and strategies, and bring innovative ideas to help clients continue to be leaders in their industries. Their services include process analytics, client insights, process redesign and innovation, and training programs. They take a strategic and execution-focused approach to help clients unlock value from their data and processes.
The document discusses NGA's Global Payroll solution enabled by the Payroll Exchange. The Payroll Exchange connects NGA's payroll capabilities in over 145 countries to best-of-breed HR systems. It provides certified packaged integrations, unified reporting, and enables globally compliant payroll outsourcing services. The Payroll Exchange addresses the complexity of integrating payroll platforms with HRIS and creates a uniform payroll experience across geographies through standardized processes and a single user interface.
NetSuite Story Controller - CuriousRubikCuriousRubik
This document discusses how cloud ERP solutions like NetSuite can help companies streamline financial processes and reporting. It notes that NetSuite is the #1 cloud ERP provider, used by over 16,000 organizations globally. The document outlines common finance challenges around financial reporting, consolidation, controls and compliance. It then describes how NetSuite helped a company automate previously manual processes, enabling real-time reporting and a single version of the truth. NetSuite provided NetSuite with a comprehensive view of its global business to help manage subsidiaries across countries and currencies.
This document discusses NTT DATA, a global IT services company, and their SAP implementation approach. It provides an overview of NTT DATA's corporate information, global presence, services offered, and delivery model. It then summarizes their implementation of SAP at a professional services organization, including using a work breakdown structure for revenue planning based on fair market value rather than sales order billing plans, and enhancements made to the results analysis process and project reports. The document concludes by discussing challenges faced during implementation and key business benefits achieved such as improved project control and reduced finance efforts.
2007 how to use sap project system for revenue recognition in professional se...Soumya De
This document discusses NTT DATA, a global IT services company, and their SAP implementation approach. It provides an overview of NTT DATA's corporate information, global presence and delivery model. It then summarizes their full-service SAP implementation approach which covers the entire lifecycle. The remainder of the document focuses on revenue recognition in professional services organizations, including how to plan revenue and costs using a work breakdown structure, perform result analysis and settlement, and enhancements made to the SAP system to support this.
We list our 8 steps to complying with Auto Enrolment in our detailed yet simple presentation.
If you'd like any more Auto Enrolment information then you can check us out at www.employee-benefit-consultants.co.uk/auto-enrolment/
Payroll bureaus need to decide if they are ready or prepared to take on Auto Enrolment business. With many shying away from offering this as an extra service, bureaus will need to determine what kind of information and support they will offer to help their clients comply with these new AE duties.
Employer duties under Auto Enrolment for Payroll Bureaus
Advisors will find that a large portion of their clients will contact them very close to or even after their staging date. By offering a complete end-to-end solution, bureaus can generate income and enhance client relationships.
Agenda
Auto Enrolment Overview
Small Employers - Ripe for the picking
Auto Enrolment a Chargeable service
Review Existing Payroll Systems
How BrightPay handles automatic enrolment
Introducing BrightPay Cloud - Online Back up & Employee Self Service
NEST - Helping make auto enrolment work for you
NEST has been set up by the government especially for auto enrolment to ensure that every employer has access to a workplace pension scheme that meets the requirements of the new pension rules. But we do more than just meet the regulatory minimum.
NEST comes packed with the sort of high-quality features you need, whether you’re saving with us, using us for your workers or helping your employer clients. Over 160,000 employers have already chosen NEST for their auto-enrolment pension scheme. NEST’s objective is to help you start your auto-enrolment pension scheme with NEST quickly and painlessly.
Agenda
How to set up an auto-enrolment pension scheme with NEST
Look at the areas to be careful about using the experience of other employers who have already started their auto-enrolment scheme
For more information visit www.brightpay.co.uk.
The document provides an overview of accounts payables market maturity and trends. It discusses the evolutionary path of financial shared services, from early consolidation to global business services. Major trends include a shift towards more integrated global delivery models and the use of robotics and automation. The accounts payables market is analyzed in terms of maturity levels and benchmark figures. Key enablers for successful accounts payables transformations are identified as agreeing on maturity levels and governance, aligning stakeholders, and planning projects realistically.
Kari has over 15 years of experience in human resources and compensation roles. She currently works as a Compensation Analyst for Cargill, where she leads teams and processes related to market pricing, salary surveys, compensation planning, and more across North America and globally. Previously, she held senior roles in human resources administration and payroll at Cargill and Paychex, demonstrating a track record of leadership, process improvement, and training others.
GPA UK Summit 2019 - The Truth Behind Running a Global Payroll Immedis
This action-packed one day conference led by experts in their field returns to cover all the challenges facing employers from 2019 onwards. The energetic one-day conference breaks new ground in the payroll industry. We will be looking at the latest developments in the UK.
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When it comes to navigating digital transformation within finance, no two organizations or industries are alike.
View this slide deck to learn how Workday and Deloitte are partnering to provide customers across industries with a perfect path forward, and can help you set a clear strategy for your journey.
U.S President of Operations at Immedis, Dave Leboff address the Charm City Payroll Conference in Maryland where he talks on "Building the Foundations of Global Payroll"
Accenture and Workday: Look to the Cloud for your Global Payroll Strategy Accenture Technology
Learn about the challenges and drivers of a global payroll strategy, as well as the key elements for executing that strategy in the cloud. Accenture is a thought leader in the planning and implementation of a global payroll strategy and a leading Workday Partner since 2008.
This document provides a summary of Nirmala Rao's experience and qualifications for payroll operations and finance roles. She has over 13 years of experience managing payroll for large multinational companies. Her responsibilities included driving all aspects of payroll processing, ensuring statutory compliance, analyzing payroll costs, and resolving employee queries. She demonstrates strong skills in areas like payroll operations, deductions, statutory compliances, and accounting. Nirmala Rao is currently seeking a challenging position that utilizes her extensive experience in payroll and finance.
Accenture and Workday: Look to the Cloud for your Global Payroll StrategyAccenture Technology
Learn about the challenges and drivers of a global payroll strategy, as well as the key elements for executing that strategy in the cloud. Accenture is a thought leader in the planning and implementation of a global payroll strategy and a leading Workday Partner since 2008. Visit www.accenture.com/workday.
Global Payroll Strategy: Bringing Order to Global Payroll ChaosJulie Fernandez
Global payroll outsourcing is an area of growing interest for multinational companies seeking to reduce costs and complexity. The document discusses ISG's proprietary methodology and filtering tool for evaluating countries for potential payroll outsourcing. The tool analyzes countries across two axes - payroll complexity and organization/leverage potential. It identifies countries that may be suitable for different payroll sourcing strategies. The document also notes challenges in defining accurate business cases for global payroll outsourcing.
Questions to Ask Before Selecting a Global Payroll Provider gives you the framework you need when choosing a global payroll provider. What are the fundamental expectations you should have of a vendor? Which features and add-ons yield ROI?
CA Amit Agrawal seeks a mid-managerial position in financial accounting and reporting. He has over 4 years of experience in financial analysis, reporting, budgeting, variance analysis, and regulatory reporting. He is proficient in financial systems, internal controls, and statutory compliance. Currently an Assistant Manager at AXA Business Services, his roles include group accounting, regulatory reporting, solvency calculations, and managing a team of 5.
Jacqueline Donovan has over 20 years of experience in payroll management. She is currently the Head of Payroll Africa for Capital Outsourcing Group, managing payrolls in 8 countries with over 20,000 employees valued at 100 million monthly. Prior to this role, she held positions as Recruitment Manager and Project Consultant for the same company. She has extensive training and experience in payroll administration, taxation, and ensuring compliance.
OPEX.GURU provides services related to operational excellence and process improvement. They use tools and techniques to review client processes and strategies, and bring innovative ideas to help clients continue to be leaders in their industries. Their services include process analytics, client insights, process redesign and innovation, and training programs. They take a strategic and execution-focused approach to help clients unlock value from their data and processes.
The document discusses NGA's Global Payroll solution enabled by the Payroll Exchange. The Payroll Exchange connects NGA's payroll capabilities in over 145 countries to best-of-breed HR systems. It provides certified packaged integrations, unified reporting, and enables globally compliant payroll outsourcing services. The Payroll Exchange addresses the complexity of integrating payroll platforms with HRIS and creates a uniform payroll experience across geographies through standardized processes and a single user interface.
NetSuite Story Controller - CuriousRubikCuriousRubik
This document discusses how cloud ERP solutions like NetSuite can help companies streamline financial processes and reporting. It notes that NetSuite is the #1 cloud ERP provider, used by over 16,000 organizations globally. The document outlines common finance challenges around financial reporting, consolidation, controls and compliance. It then describes how NetSuite helped a company automate previously manual processes, enabling real-time reporting and a single version of the truth. NetSuite provided NetSuite with a comprehensive view of its global business to help manage subsidiaries across countries and currencies.
This document discusses NTT DATA, a global IT services company, and their SAP implementation approach. It provides an overview of NTT DATA's corporate information, global presence, services offered, and delivery model. It then summarizes their implementation of SAP at a professional services organization, including using a work breakdown structure for revenue planning based on fair market value rather than sales order billing plans, and enhancements made to the results analysis process and project reports. The document concludes by discussing challenges faced during implementation and key business benefits achieved such as improved project control and reduced finance efforts.
2007 how to use sap project system for revenue recognition in professional se...Soumya De
This document discusses NTT DATA, a global IT services company, and their SAP implementation approach. It provides an overview of NTT DATA's corporate information, global presence and delivery model. It then summarizes their full-service SAP implementation approach which covers the entire lifecycle. The remainder of the document focuses on revenue recognition in professional services organizations, including how to plan revenue and costs using a work breakdown structure, perform result analysis and settlement, and enhancements made to the SAP system to support this.
We list our 8 steps to complying with Auto Enrolment in our detailed yet simple presentation.
If you'd like any more Auto Enrolment information then you can check us out at www.employee-benefit-consultants.co.uk/auto-enrolment/
Payroll bureaus need to decide if they are ready or prepared to take on Auto Enrolment business. With many shying away from offering this as an extra service, bureaus will need to determine what kind of information and support they will offer to help their clients comply with these new AE duties.
Employer duties under Auto Enrolment for Payroll Bureaus
Advisors will find that a large portion of their clients will contact them very close to or even after their staging date. By offering a complete end-to-end solution, bureaus can generate income and enhance client relationships.
Agenda
Auto Enrolment Overview
Small Employers - Ripe for the picking
Auto Enrolment a Chargeable service
Review Existing Payroll Systems
How BrightPay handles automatic enrolment
Introducing BrightPay Cloud - Online Back up & Employee Self Service
NEST - Helping make auto enrolment work for you
NEST has been set up by the government especially for auto enrolment to ensure that every employer has access to a workplace pension scheme that meets the requirements of the new pension rules. But we do more than just meet the regulatory minimum.
NEST comes packed with the sort of high-quality features you need, whether you’re saving with us, using us for your workers or helping your employer clients. Over 160,000 employers have already chosen NEST for their auto-enrolment pension scheme. NEST’s objective is to help you start your auto-enrolment pension scheme with NEST quickly and painlessly.
Agenda
How to set up an auto-enrolment pension scheme with NEST
Look at the areas to be careful about using the experience of other employers who have already started their auto-enrolment scheme
For more information visit www.brightpay.co.uk.
The document provides an overview of accounts payables market maturity and trends. It discusses the evolutionary path of financial shared services, from early consolidation to global business services. Major trends include a shift towards more integrated global delivery models and the use of robotics and automation. The accounts payables market is analyzed in terms of maturity levels and benchmark figures. Key enablers for successful accounts payables transformations are identified as agreeing on maturity levels and governance, aligning stakeholders, and planning projects realistically.
Kari has over 15 years of experience in human resources and compensation roles. She currently works as a Compensation Analyst for Cargill, where she leads teams and processes related to market pricing, salary surveys, compensation planning, and more across North America and globally. Previously, she held senior roles in human resources administration and payroll at Cargill and Paychex, demonstrating a track record of leadership, process improvement, and training others.
GPA UK Summit 2019 - The Truth Behind Running a Global Payroll Immedis
This action-packed one day conference led by experts in their field returns to cover all the challenges facing employers from 2019 onwards. The energetic one-day conference breaks new ground in the payroll industry. We will be looking at the latest developments in the UK.
Your Digital Finance Transformation JourneyWorkday, Inc.
When it comes to navigating digital transformation within finance, no two organizations or industries are alike.
View this slide deck to learn how Workday and Deloitte are partnering to provide customers across industries with a perfect path forward, and can help you set a clear strategy for your journey.
Similar to Paying Across Borders- New Jersey Statewide Conference 2017 (20)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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Paying Across Borders- New Jersey Statewide Conference 2017
1. Paying Across Borders
Presented to: New Jersey Statewide Conference
Date: September 15, 2017
Presented by: Dave Leboff, President, US Operations
Immedis, Inc.
3. International
Payroll Service
Fully managed global
payroll service offering
Worldwide payroll
calculations
Multiple jurisdiction
service
Payslips for all
employees
Choice of payment
frequencies
Tax and social security
deductions calculation
and advice
Coordination of tax and
social security payments
Employer wage tax
return reports and
submission
Updates on rate changes
for pensions and social
security contributions
Delivery of net pay into
the employees’ bank
accounts
Remittance of tax to
local authorities
Year-end documentation
supplied to employees
Advice on relocation
costs and subsistence
payments
4. 1. Global Payroll Overview
2. Global Payroll Strategy
3. Locals Versus Expats
4. Outsourcing & Technology
5. New Country Startup
6. Best Practices
7. Questions
Contents
Overview
6. Global Payroll
Overview
In absolute terms, total annual value of
international trade has exploded – up 500% -
between 1985 and 2015
Why International?
7. Global payroll administration is the sum of all activity
required to coordinate and manage the operation of
payrolls, in more than one country, for a single employer.
Global payroll administration includes:
Collection and distribution of data required to calculate payroll
(earnings, deductions, net pay, tax liabilities)
Completion and filing of employee and employer compliance
Remittance of funds to statutory authorities
Delivery of net pay to employees
Accounting and management information reporting
Compliant operation with global regulatory frame
Global Payroll Overview
8. Global Payroll
Overview
Global Payroll Process
Fundamentals
Global ERP
(Global Programs, Management Reporting, Accounting, Analysis)
Country 3 ICP
Gross-to-Net
Payroll
Processing
Country 2 ICP
Gross-to-Net
Payroll
Processing
Country 1 ICP
Gross-to-Net
Payroll
Processing
Global, Regional,
Updates
Local Compliance
Employee
Payslips
Local
Management
Reports
Local Accounting
Reports
Payroll Data Sources Payroll Processing Payroll Driven
Reporting
Local
National
Updates
Local
National
Updates
Local
National
Updates
10. Global Payroll
Operations Structure
Governance & Global
Payroll Program
Management
COUNTRY A
PAYROLL
PROCESSING
COUNTRY B
PAYROLL
PROCESSING
COUNTRY C
PAYROLL
PROCESSING
GLOBAL PAYROLL PROGRAM MANAGEMENT
Governance
PEO
11. Global Payroll Program Governance
Global Payroll
Governance
Payroll
Treasury
Legal
Accounting
Finance
Tax
Mobility
Comp &
Benefits
HR
12. Global Payroll
Program Governance
Responsibilities
1. Decide program
management model
2. Approve program
budgets
3. Approve relevant
policies
Mobility
Employee vs contractor
4. Tax and legal opinions
5. Approve accounting
protocols
6. Execute contracts
• Outsourcing
• BPO
• Aggregator
• ICP
• Technology
7. Approve performance
standards
8. Approve treasury
strategies
14. Global Payroll
Program
Management:
Responsibilities
1. Seat on governance team
2. Monitor/measure program
performance
3. Compliance with privacy
framework
4. Vendor sourcing and
management
5. Global data management and
reporting
6. Integration of global and local
technology platforms
7. Local compliance oversight
8. Key role hires
9. Ensure effective allocation
of roles and
responsibilities
10. Ensure right skills and
competencies are in place
11. Expatriate program and
policies integration
12. Net pay strategies/delivery
for expatriates
13. Seat on new country
implementation team
14. Non-local compensation
and benefits updates
15. Payroll Program
Management
Skills and Competencies
1. Program management
2. Vendor management
3. Global technologies
4. Foreign exchange
5. Culture
6. Country registrations
7. Tax treaties
8. Basics of international
employment law
9. Expatriate policies
10. Expatriate-related law
o Section 911
o RAs vs. NRAs
o Special rules for certain
visas
11. Privacy
12. OFAC
13. AML
If your global payroll function lacks any of these skills or
competencies, your choice is to train or outsource
19. Global Payroll
Operating Model
Alternatives
Relevant
Attributes
Some relevant attributes to consider:
Maturity of global payroll program
Size of organization
Centralized/decentralized
Functional/regional
Shared services
Number of locations
Volume of employees outside US/in each location
Availability of “fit-for-purpose” technology
Availability/capability of resources
Inclination to outsource (generally or, specifically,
payroll)
20. Responsibilities of In-Country Processing Operation
New to Global
•Multiple service providers and
technologies
•Uneven resource quality
country to country
•Difficult to gather credible data
and consolidate
Growing & Gaining
Experience
•Maturing governance
•Global program
management evolving
•Reporting requirements set
•Payroll process aggregation
Mature
•Functioning governance
•Global service standards
•Shared services, BPO, selected
managed payroll services
•Global systems integration
•Business intelligence and full
reporting
21. Governance
Responsibility always remains with organization
Program management
Functional
Regional
Shared services
Shared with aggregator
Outsource to Business Process Outsourcer (BPO)
Processing
Internal
Outsourced
Locally
Aggregator
BPO
Global Payroll Operating Model Alternatives
29. Outsourced Partners
Match your needs with
appropriate vendors
• Administration
o Service and technology
• Capabilities
o Local processing in country
o Service of expats
o Manage funds
o Integration with existing
company technology
o Accounting reports
• Risk Management
o Length of contract
o Data security
o SSAE/ISO compliance
o Who takes responsibility for local
compliance
o Who takes responsibility for ICP
management
30. • Local processors
• Regional aggregator
• Many countries in a region
• Global aggregator
• Any country
• Business process outsourcer
Outsourced Partners
31. • Global data repository
• Global compensation and benefit programs
• Joiners/Leavers
• Expatriates
• Global policies
A Word About Technology
HRMS
Global Payroll
Data
Management
• Accepts joiners/leavers/updates/global demographic changes
• Translates changes into various currencies
• Returns local GTN data
• Flexible, detailed reporting
• HR, Management, Accounting, Treasury
Local
Payroll
Systems
Local
Payroll
Systems
• Local GTNs
• Local compliance
reporting
• Payslips
• Accept data from Global
Data Management System
and report back to it
32. • Efficient, secure data management
• Reporting
• Most Important: Program Management
• What payrolls do you manage
• Where are they in the payroll process
• Who is managing your payrolls
• Real time reporting
What Global Payroll Technology Should Do for You
35. Opening a New Country
New
Country Hit
Team
Payroll
Treasury
Legal
Accounting
Finance
Tax
Mobility
Comp &
Benefits
HR
36. 1. Contract with Legal Partner, if applicable
2. Employment Contract, if applicable
3. Work Permit, if applicable
4. Contract with Payroll Partner, if applicable
5. Compliant Payroll Set-Up In Country
6. Systems Set-Up
7. Treasury Process
8. Payroll Calendar
9. Pay Slip/ESS
10. Reporting Requirements
11. Testing/Parallel Pay Run
12. Go Live!
New Country
Payroll Setup
12 Step Process
37. New country implementations are a team
effort
Allocate responsibilities accordingly
Source strong partners
New country startups are a competency
You will get better at them each time you do a new one
Do your parallels – Don’t let stakeholders rush
you
Measure twice…
New Country Payroll Setup
39. The 5 Key Global
Payroll
Challenges…
1. Knowing what you don’t know
2. Access to relevant information
3. Expertise/resources
4. Technology
5. Responsibility must match authority
…And how to manage
through them
40. 1. Train up/Join APA/GPMI/GPA
2. Get buy-in on a governance team
3. Find good vendor/partners
4. Gain vendor management competencies
5. Build a strong new country hit team
Best Practices