Challenge
Outsourcing payroll became a key focus for TKM TTT as part of their strategic plans to concentrate on core business operations. The company needed to transition their payroll management to an external partner to free up internal resources and focus on their primary business of manufacturing heavy-duty industrial wood-processing blades.
During the fall, we gained deep insights into payroll processes, and the outsourcing brought valuable new learnings. It allowed us to review the entire payroll process and identify key areas for improvement. — Suvi Stolt, HR Manager at TKM TTT
When tools are smartly designed, you can quickly find the information you need, allowing you to focus on analysis rather than searching for data. This has been a very welcome improvement. — Suvi Stolt, HR Manager at TKM TTT
At times, during the intense phases of the project, we almost forgot that we weren't working for the same company. The shared determination to bring the project to a successful conclusion was always present. — Suvi Stolt, HR Manager at TKM TTT
Solution
The partnership between TKM TTT and Silta began in August 2020, when it was decided that Silta would fully take over payroll management by January 2021. Throughout the fall, project teams from both TKM TTT and Silta worked closely to ensure a smooth transition. During the transition, internal payroll processes were streamlined. Seamless collaboration resulted in high-quality payroll data production. Silta's payroll system provided excellent reporting capabilities that TKM TTT's previous system did not offer. The tools were smartly designed, allowing users to quickly find information and focus on analysis rather than searching for data. The collaboration between the two companies was characterized by shared determination to bring the project to a successful conclusion.
Results
The payroll outsourcing brought valuable new learnings and allowed TKM TTT to review the entire payroll process and identify key areas for improvement. Internal payroll processes were streamlined during the transition. Silta's tools proved to be excellent for analyzing payroll data far more effectively than before, with the ability to easily simulate scenarios of interest with fast and efficient tools.