Blue Marble Blog
Top 3 Ways to Improve Global Payroll in 2023
Global payroll teams understand the complicated process of managing international employees and payroll across countries. Different payroll deadlines and requirements, unique statutory benefits, and pension schemes are just the beginning. If you have challenges in your payroll process, problems with in-country vendors, or difficulty managing multiple systems across countries, it’s time to review ways to improve your process so you can ensure compliance and reduce the complexity for your team.
What is the biggest headache in your process each month? Using different systems and vendors in each country? Lack of reporting or missing data? Customer service or delays when you have payroll questions? Looking at your process today, what are the biggest roadblocks in your process and what would be the biggest change you would make? Identifying your biggest challenges can help decide how to prioritize improvements and what financial or compliance risks are involved if you don’t make changes.
- Technology
Are you using spreadsheets or manual processes to manage global payroll? You’re not alone – many companies use manual processes to calculate and pay employees overseas. The problem with spreadsheets is that there is too much room for error when payroll isn’t automated. The other issue is compliance. Using cloud-based technology not only reduces manual processes, but also provides data security and compliance measures within the system.
- Multiple Vendors and Systems
Does your organization use in-country vendors or accountants to manage payroll? If so, your team has to manage multiple systems and processes to handle payroll across countries. Running different processes for each country can often cause unnecessary complications and deadlines you have to manage. Consolidating payroll systems and processes helps to reduce errors and improve compliance across countries.
- Reporting and Service
If reporting and service are causing pain points in your global payroll process, this is a common result of using manual or disparate processes across countries and currencies. If you can’t view payroll costs in real time, you could be missing key data or errors in your payroll. It can take months to unravel and correct payroll errors when reporting is delayed. Service is another huge issue – if you can’t get answers to in-country payroll questions quickly, your compliance can suffer.
Three key factors to improving your payroll process are technology, vendors and systems, and reporting and service. Blue Marble has changed the way companies manage global payroll and compliance, with one cloud-based platform to manage payroll across 100+ countries. You can view employee data across all countries, create custom reports aggregated or by individual countries, and in-country regulation changes are automated to help ensure compliance. Our unique service model provides a dedicated US-based team and direct access to in-country experts when questions come up. To learn more or to schedule a quick demo, click here
Global payroll teams understand the complicated process of managing international employees and payroll across countries. Different payroll deadlines and requirements, unique statutory benefits, and pension schemes are just the beginning. If you have challenges in your payroll process, problems with in-country vendors, or difficulty managing multiple systems across countries, it’s time to review ways to improve your process so you can ensure compliance and reduce the complexity for your team.
What is the biggest headache in your process each month? Using different systems and vendors in each country? Lack of reporting or missing data? Customer service or delays when you have payroll questions? Looking at your process today, what are the biggest roadblocks in your process and what would be the biggest change you would make? Identifying your biggest challenges can help decide how to prioritize improvements and what financial or compliance risks are involved if you don’t make changes.
- Technology
Are you using spreadsheets or manual processes to manage global payroll? You’re not alone – many companies use manual processes to calculate and pay employees overseas. The problem with spreadsheets is that there is too much room for error when payroll isn’t automated. The other issue is compliance. Using cloud-based technology not only reduces manual processes, but also provides data security and compliance measures within the system.
- Multiple Vendors and Systems
Does your organization use in-country vendors or accountants to manage payroll? If so, your team has to manage multiple systems and processes to handle payroll across countries. Running different processes for each country can often cause unnecessary complications and deadlines you have to manage. Consolidating payroll systems and processes helps to reduce errors and improve compliance across countries.
- Reporting and Service
If reporting and service are causing pain points in your global payroll process, this is a common result of using manual or disparate processes across countries and currencies. If you can’t view payroll costs in real time, you could be missing key data or errors in your payroll. It can take months to unravel and correct payroll errors when reporting is delayed. Service is another huge issue – if you can’t get answers to in-country payroll questions quickly, your compliance can suffer.
Three key factors to improving your payroll process are technology, vendors and systems, and reporting and service. Blue Marble has changed the way companies manage global payroll and compliance, with one cloud-based platform to manage payroll across 100+ countries. You can view employee data across all countries, create custom reports aggregated or by individual countries, and in-country regulation changes are automated to help ensure compliance. Our unique service model provides a dedicated US-based team and direct access to in-country experts when questions come up. To learn more or to schedule a quick demo, click here