Benefits of a Global Payroll System
Posted by Alexandra Earnley on Mon, Nov 22, 2010 @ 12:08 PM
Much like having a global HR system of record, Payroll processes can be simplified through an international payroll provider. No matter where your employees are located – in Europe, Africa, Asia or throughout the Americas, global payroll brings ease and efficiency to your global operation. Benefits of a global payroll include:
• One provider and one integrated system
• One language
• One time zone in each of three regions
• One consolidated bill in one currency
• Personalized service from one point of contact
By using a global payroll system, compliance in each country is ensured through that provider's network of expert in country partners. Through NuView's global payroll partnership, clients have realized numerous benefits, including increased payroll efficiency, cost reduction, improved transaction control and reporting, and simplification of payroll processes.
Global payroll providers, like NuView partner Celergo, have expert in country partners who handle payroll calculations worldwide. Fund distribution services include payment of net pay and expense reimbursements to the employee, all tax and social payments to governments, and if needed, payments to benefit providers worldwide, so you provide the gross payroll changes and they do the rest.
By using a single vendor for all payroll needs, you have lower vendor management costs, increasing your profitability. Global payroll also provides greater business process efficiency. Many will manage paperwork for new hires, terminations, payroll and year-end filings, as needed. Online pay slips are available (depending upon local laws) and are provided in the local language, where required.
With the calculations contained in one system, reporting is simplified. Pay registers, cost center and accounting reports are in a consistent format across all your locations – so you can access and analyze the information you need quickly and easily.
Highlights of NuView's Global Payroll Offering include;
√ SAS70 Type II certified
√ Processes payroll in 90 countries worldwide, with the capability in 115 countries
√ International payroll for local employees, expatriate employees, or both
√ Experienced in multi-country businesses, expatriate management, global payroll management, and ASP technologies
√ Local experts in each country ensure compliance on a local level
√ Deliver multiple local payrolls
√ Track different payroll cycles and calendars
√ Manage local holiday schedules (including bank holidays)
√ Distribute funds to employees, tax authorities and social programs in multiple countries, using the appropriate currencies
For more information on NuView's Payroll offerings, visit http://www.nuviewinc.com/getInfo.asp