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05/22/12 -- Patersons , the expert provider of integrated global payroll services, todayannounced the release of its new white paper, titled "Making theBusiness Case for Global Payroll." Highlighting the benefits ofembracing a cloud-based global payroll system, the white paperoutlines the ways in which such a system better supports anorganization's growing and expanding multinational operations. Companies managing payroll for hundreds or hundreds of thousands ofemployees in multiple countries face a number of complexities. Aseach country has its own unique labor laws and regulations thatchange constantly, a company puts itself at risk of non-complianceif it is unable to apply legislation correctly and accurately ineach location. While many companies turn to multiple vendors tohelp them manage payroll, doing so raises concerns about datasecurity as multiple parties have access to sensitive personal andfinancial data. Conversely, companies that handle payrollthemselves can become bogged down and suffer from a lack ofstandardized processes. The white paper highlights the numerous benefits derived byadopting a cloud-based, SaaS-delivered global payroll system. Sucha solution is able to support payrolls across a multitude ofcountries, enhance reporting and standardization, and enableorganizations to better manage costs and increase productivity.Additionally, once an organization adopts a cloud-based globalpayroll system, it gains greater visibility into its processes andis able to conduct analysis to support the data-driven decisionsnecessary for strategic workforce planning. Other highlights from the white paper include: The decision to implement a global payroll system requires anin-depth examination and review of existing payroll processes,where resources are allocated and expenses, management time,compliance and audit history. A cloud-based system offers significant savings and processimprovements, such as reduced reliance on internal resources and noneed for costly upgrades, strengthening the business case fortransitioning to the model. A company gains improved compliance through a single point ofgovernance control and clear oversight of compliance costs. It alsoproves that payrolls are legitimate and that payments are accurateand authorized properly. Outsourced global payroll provides additional savings in the areaof employee training, through a common methodology and global toolsthat result in greater consistency across the operation. With real-time data access, organizations can make more informedstrategic and financial decisions and gain increased visibilitythrough more accurate financial reporting. "As the economy rebounds, more and more companies are leveragingthe benefits of expanding their operations to new markets, whetherorganically or through acquisition," said Andrew Pearson, CEO ofPatersons. "Yet, one of the most complex challenges they face inthis growth is managing payroll consistently across the enterprisewhile complying with local labor laws. A single global platformprovides these organizations with a cost-effective way tosuccessfully manage their entire payroll operations, withoutdetracting from their strategic growth initiatives." Patersons has made the white paper available for complimentarydownload at: downloads/making-a-business-case-for-global-payroll/ About Patersons Patersons is the leading provider of integrated global payrollservices, delivering expert solutions to customers in more than 160countries. Patersons integrates the capabilities of payrollengines, payroll partners, workflow, and managed services in asecure and compliant service that is delivered using an on-demand,SaaS-based business model. This allows organizations to consolidateand control their multi-national payroll operations on onetechnology platform. The results are streamlined processes, bettervisibility, increased compliance, and reduced costs. For moreinformation about Patersons, please visit Add to Digg Bookmark with del.icio.us Add to Newsvine Copyright @ Marketwire. The e-commerce company in China offers quality products such as Teflon Extrusion Machine Manufacturer , Wire Enameling Machines Manufacturer, and more. For more , please visit Wire Bunching Machine today!
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