Advantages of Multi-Country Payroll Outsourcing for Global Companies

There was a time in the dim and distant past when all payroll processes were handled manually, but this was one of the first areas of business to be outsourced and automated, and it’s not hard to understand why. Asia’s booming business hubs have attracted a spectrum of international businesses, however achieving a high level of payroll performance in the Asia region presents challenges for organisations of any size – from Multinational Corporations to established medium enterprise players.

Payroll is inherently complex, whether you are an employer with a handful of employees or a multinational with thousands. It has becomes difficult to keep a track of local regulations and laws related to payroll. Multi-country payroll outsourcing providers have the required expertise to handle such difficulties.

The major advantages of multi-country payroll outsourcing that companies can gain are listed below:

• Companies opting for

multi-country payroll can benefit from the proven track record of the payroll providers in extending solutions fitting multiple clients – The one-to-many approach.

• Use of powerful tools, by multi-country payroll outsourcing providers can help deliver consistent levels of service in various countries. The shared environment also aids cost effectiveness.
• Since the multi-country payroll provider is capable of servicing multiple clients at the same time and on the same platform, they are more likely to have optimized technical and human resources.
• Companies opting for multi-country payroll outsourcing also benefit from the economies of scale.
• Help companies reduce the time spent behind implementation of changes by using a template-based approach. This also drives methodology and facilitates implementation in each country.

Before setting off down the road towards multi-country payroll, take a deep breath, and try to keep your expectations realistic. The market is responding with a host of technical and outsourced administrative solutions that have been discussed at length above to assist global organisations by offering differentiated solutions designed to support the specific operating environments of any of the multi-country payroll operating models.

Managing payroll is a highly meticulous task. Even the most seasoned payroll professionals may make mistakes from time to time due to the ever-changing payroll legislations and large volumes of employee data. Yet, it is imperative to ensure that payroll is done precisely and accurately – the most minor error could potentially result in expensive damages for the organisation.

Some organisations believe that the best way to manage payroll effectively is to run payroll in-house, allowing them to be in complete control of payroll processes. However, payroll processing is often not as basic as it seems especially when handling large volume across different regions.

Leveraging on an outsourced payroll provider helps to automate these administrative tasks while ensuring that payroll and employee records are accurately entered into the system. Payroll software providers also use a cloud-based platform, which provides an added layer of data security to protect sensitive information.

At i-Admin, we fully understand the importance of adhering to all the local statutory regulations in each country. Having our in-country payroll consultants and coupled with our centrally managed platform, we provide a hearty business continuity plan to ensure no disruption of service, regardless of location.