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What if the Cost of your Payroll Process
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Recent News

29-Nov-2016

Majority of multinationals yet to achieve one single source of payroll truth

New research released today by global payroll and HR solutions provider, SD Worx, shows that almost two-thirds (65%) of global organisations are using multiple payroll systems across different geographic markets, leading to inconsistency, inaccuracy, and lack of global visibility. More surprising still, is the finding that more than 5% of respondents admit to having no automated payroll system in place whatsoever, and rely solely on manual processes.

- Nearly two-thirds use multiple payroll systems around the world
- More than 5% still manage payroll via manual processes only
- Over half (56%) struggle to maintain accuracy across different geographic markets

SD Worx’s research, which was conducted last month, polled 500 payroll and HR leaders working within global organisations, and looked to identify how modern multinationals are managing their payroll needs as the business world becomes ever more disparate and global.

Remarkably, despite more than 90% of respondents indicating that one global payroll system delivers optimum business benefit, less than a third (29%) of global organisations have one single system of record in place that can offer all-encompassing payroll services on a global scale. 

When respondents were asked about the key issues they face as a payroll professional working in a multinational organisation, well over half (56%) of respondents admitted to having problems with payroll accuracy across different geographic markets. Inconsistencies with the provision of high service levels was also cited as a top concern by 42% of those surveyed, and just over a third (34%) indicated payroll was too cost heavy. Other key issues included time-consuming partner management (29%) and lack of international reporting capabilities (20%).

Thierry Vanbever, Director Global Services and Solutions at SD Worx, commented: “This research shows that, staggeringly, most global organisations have not yet woken up to the fact that ineffective payroll systems are eating into business profit by increasing both cost and complexity. This issue needs to be elevated to further marry the HR department with the C-suite agenda – only then will the potential gains of having one single source of payroll record be fully understood and appreciated by those who have the greatest ability to change business strategy and achieve better long-term outcomes.”

Check here for the infographic regarding the survey results.

Contact

SD Worx, Cindy Berichon, International Marketing Manager, cindy.berichon@sdworx.com, +44 7767 004356

New research released today by global payroll and HR solutions provider, SD Worx, shows that almost two-thirds (65%) of global organisations are using multiple payroll systems across different geographic markets, leading to inconsistency, inaccuracy, and lack of global visibility. More surprising still, is the finding that more than 5% of respondents admit to having no automated payroll system in place whatsoever, and rely solely on manual processes. - Nearly two-thirds use multiple payroll systems around the world - More than 5% stil..

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28-Nov-2016

Out with the old: Four payroll plans to focus on in 2017

Payroll is a standard pillar that all businesses need to get right in order to avoid inefficiency and increased cost. Despite this, many organisations are still working with outdated and ineffective payroll systems that eat into valuable HR time, and business profit.

As part of SD Worx’s four-part New Years’ Resolution content series, which will run over the coming weeks, our first blog looks at how to avoid key payroll pitfalls and ensure better communication when it comes to the costs involved.

So, if you’re a payroll or HR professional with a plan to streamline costs and processes in 2017 but don’t know where to begin, here are four key things to help you get the New Year off to a good start:

1: More clarity around cost

At one stage or another, it’s likely that those of us working in business will have been caught out by fine print and hidden costs. It’s a hard lesson, but one that we no doubt all learn from. When it comes to international payroll, and in particular, dealing with multiple providers across different geographic regions, companies are faced with complex challenges that make it difficult to accurately assess expected cost. It’s often the case that unexpected one-off – or even ongoing charges – will arise through the need for software and/or hardware upgrades, general maintenance and administration, legislative updates – the list goes on.

These hidden costs can be minimised, though – and not just that, international payroll can become much less of an HR headache, too. By adopting one single international system of payroll record, additional costs can be cut significantly through economies of scale, improved efficiencies and the streamlining of processes.

2: First comes clarity, next comes (cost) control

Once you’ve got better clarity around payroll costs, your next step should involve taking control of these costs.  More often than not, this will require reducing the number of multinational payroll providers on your books, or better still, switching to one international provider. The latter will ensure you only pay for the services you use, and will also standardise, streamline, and automate manual processes that take up lots of HR time and energy.

There are, of course, some costs that you will be unable to control, but any unnecessary ones, including the use of additional resources, hardware, and software, can – and should – be reduced where possible. Cutting out these extra costs will have the added benefit of reducing complexity by eradicating non-essential administration.

3: Do your cost benefit analysis!

The saying “you get what you pay for” does not always ring true, and in the context of payroll, extra expense does not mean you will get a better quality payroll solution. It’s the bigger picture that really counts here, so put your global hat on and be strategic.  What is the best option for your business?
A common misconception amongst many payroll and HR leaders is the fear they will be missing out on local service quality if they make the move to one global service provider. Contrary to popular belief, this is not the case as modern global payroll solutions are developed with ‘global approach, local knowledge’ in mind, and in-country consultants form part of the development process to ensure local market accuracy within the wider global offering.

4: Track your savings to show long-term return

Once you have started to streamline your global payroll by shedding the multiple service providers that add to both your workload and stress levels, it’s important to start tracking your time and cost savings, not least because this is a great way to validate the investment in your new payroll strategy.

And, while you may not see immediate cost savings due to upfront fees associated with implementation, communication and training, the long-term financial benefits will soon speak for themselves. Typically, businesses that switch to one single global payroll provider can expect to start seeing return on investment in the second year.

To learn more about how you can make payroll work better across your international network in 2017, feel free to download our whitepaper, visit our website, or contact our friendly team.

Payroll is a standard pillar that all businesses need to get right in order to avoid inefficiency and increased cost. Despite this, many organisations are still working with outdated and ineffective payroll systems that eat into valuable HR time, and business profit. As part of SD Worx’s four-part New Years’ Resolution content series, which will run over the coming weeks, our first blog looks at how to avoid key payroll pitfalls and ensure better communication when it comes to the costs involved. So, if you’re a p..

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09-Nov-2016

SD Worx at HR Tech World 2016 in Paris

We were delighted to exhibit at HR Tech World 2016 in Paris.
Check out our short video here to get a flavour of this successful event.

We were delighted to exhibit at HR Tech World 2016 in Paris. Check out our short video here to get a flavour of this successful event. ..

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15-Jun-2016

SD Worx acquires Ceridian UK and Ceridian Ireland in full share purchase

SD Worx, a leading European HR service provider, has acquired Ceridian UK and Ceridian Ireland in a full share acquisition. Ceridian is a global human capital management technology company, recognized for the award-winning cloud application Dayforce HCM.

The UK and Ireland business will continue to be led by Doug Sawers and the existing management team. As part of the transaction, the existing Ceridian teams of the service delivery center on Mauritius that support the UK and Ireland businesses, have been transferred into a new Mauritius organization, formed by SD Worx.

SD Worx and Ceridian also announce a strategic partnership to deliver cloud human capital management software across Europe. This partnership will leverage Ceridian’s cloud technology development expertise and SD Worx’s local service capabilities to accelerate growth across Europe. The partnership includes long-term agreement to develop and deliver global human capital management solutions. Ceridian will continue to expand the Dayforce HCM platform to include native UK payroll and global capabilities for managed payroll, employee system of record, workforce management, and talent management. For service delivery, the partnership will leverage SD Worx’s regional capabilities and knowledge. SD Worx will distribute Dayforce HCM for European-based organizations.

Steven Van Hoorebeke, CEO of SD Worx Group comments, “This partnership and purchase entirely fit within our strategy to continue our international growth and to strengthen our market position. Ceridian UK and Ireland are strong companies known for their excellent customer service and firm customer base. Dayforce is a high-quality product, with a great market reputation. There is a strong need for reliable and robust HR software that can be easily interfaced with existing systems, such as payroll. Ceridian UK offers a single platform for payroll, HR and time and attendance, so clients can benefit from a high-level of efficiency. We therefore absolutely believe in this company, its clients, staff, products and services.”

David Ossip, Chairman and CEO of Ceridian, says “This partnership is a natural fit for our cloud growth strategy. Through SD Worx, we gain deep domain knowledge and regional expertise for global platform expansion and service delivery, and increased distribution throughout Europe and the UK. We are very excited with the investment and growth opportunities this partnership presents us with.”

The transaction closed on June 15 2016.

SD Worx, a leading European HR service provider, has acquired Ceridian UK and Ceridian Ireland in a full share acquisition. Ceridian is a global human capital management technology company, recognized for the award-winning cloud application Dayforce HCM. The UK and Ireland business will continue to be led by Doug Sawers and the existing management team. As part of the transaction, the existing Ceridian teams of the service delivery center on Mauritius that support the UK and Ireland businesses, have been transferred into a new Mauritius..

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14-Jun-2016

Cintra HR & Payroll Services Celebrates Global Success

Gateshead based Cintra HR & Payroll Services; UK leader in flexible payroll and HR systems is honoured to have been named as Payroll Software Supplier of the Year in the prestigious Global Payroll Awards.

The only award ceremony in the world for professionals involved in global payroll, the Global Payroll Awards took place for the first time last month at a particularly majestic venue: the Tower of London.  The event celebrated the crown jewels of the international payroll world, of which Cintra were proud to be counted as one.

The Cintra International Payroll Team is a part of a unique service model which offers unified, cost-effective, customer-focussed HR and payroll solutions across Europe.  The sole UK/ROI representative member of the Payroll Services Alliance, Cintra has seen its international business double in the last year.

Cintra has been serving clients from its north east base for 35 years and has developed award winning payroll solutions, however this strategic partnership has taken their competitive advantage to the next level.

The Payroll Services Alliance was set up to provide the first pan-European payroll solution which can guarantee a consistent level of services across countries. The PSA is the second biggest vendor in Europe and offers one contract, a single point of contact and global reporting across 28 European countries.

Judges recognised Cintra for its unique service model, offering clients local expertise with a global outlook; its award winning flexible software solution and its outstanding customer service.

Commenting on the win CEO Carsten Staehr said: “We are absolutely delighted! Our membership of the PSA has seen our international business expand rapidly. The customer is always at the heart of everything we do and we are proud that this award demonstrates our outstanding customer service has no geographical boundaries!”

 
 

Gateshead based Cintra HR & Payroll Services; UK leader in flexible payroll and HR systems is honoured to have been named as Payroll Software Supplier of the Year in the prestigious Global Payroll Awards. The only award ceremony in the world for professionals involved in global payroll, the Global Payroll Awards took place for the first time last month at a particularly majestic venue: the Tower of London. The event celebrated the crown jewels of the international payroll world, of which Cintra were proud to be counted as one. ..

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References

Many leading companies rely on the services of one or all of our partners in the Payroll Services Alliance.

Roche Frutarom Atlas Copco Océ GFK Bricomart

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Benefits

  • Win simplicity and save time and money.
  • Think global, act local: rely on the unique combination of international consolidation
    (1 contract, harmonised service levels, …) with local country expertise.
  • Adapt your service package ongoing, according to your business needs.

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Partners

SD Worx Aditro Ceridian

Elanor F2A Seresco Trianon