Stay up-to-date with regulatory compliance for a leading international financial services company

Financial Services Pakistan Pakistan
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Challenge

The company was facing rapidly changing payroll regulations in its key markets which had major impact on the compliance of its payroll processes and therefore shifted the software requirements to cater for these changes. The client previously utilised a de-centralised payroll model where they had to manage multiple local payroll providers, culminating in high vendor overheads and lack of standardisation for the company.

Solution

As global payroll experts, we were able to onboard our client's multi-country payroll, managed centrally by our payroll outsourcing teams. We deployed our customisable payroll processing platform to meet each of the individual country's specific requirements, as well as continue automatic statutory maintenance with our in-house global statutory compliance unit.

Consolidation of payroll across multiple entities. Provide centralized payroll platform and services at optimum cost. Overseeing and monitoring all required regulations and updates for the country.

Results

Cost savings due to consolidation and economies of scale. Quick deployment across multiple countries. Consistent and accurate data for reporting, transparency and improved compliance support.

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