global payroll Archives | Novative https://www.novative.com/en/tag/global-payroll/ Global HR & Payroll Solutions Mon, 20 Feb 2023 15:58:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://www.novative.com/wp-content/uploads/2018/10/A_novative.png global payroll Archives | Novative https://www.novative.com/en/tag/global-payroll/ 32 32 The 5 Advantages of One Global Payroll Provider https://www.novative.com/en/the-5-advantages-of-one-global-payroll-provider/ Mon, 14 Sep 2020 09:30:57 +0000 https://www.novative.com/?p=12995 the advantages of global payroll provider Linkedin Twitter Facebook Introduction – the advantage of global payroll provider According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll. In recent years, new technology has enabled our world to become more connected on a global scale.…

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Introduction - the advantage of global payroll provider

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business.

Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries.

By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes.

This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries.

One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Choose the right global payroll provider.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Introduction - the advantage of global payroll provider

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business. Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries. By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes. This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries. One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Global Payroll Service

Introduction

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business. Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries. By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes. This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries. One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Ready to expand your business globally?

Pay your employees all over the world with complete peace of mind!

Contact us

The post The 5 Advantages of One Global Payroll Provider appeared first on Novative.

]]> The APA Congress Xstream: a Rewarding Experience for Novative https://www.novative.com/en/the-apa-xstream-congress-a-rewarding-experience-for-novative/ Tue, 09 Jun 2020 10:37:56 +0000 https://www.novative.com/?p=10086   For the second year in a row, Novative had the pleasure to take part in the Congress Xstream organised by the American Payroll Association. During the four days, we welcomed the attendees on our booth to talk about our solutions, we exchanged with payroll professionals and we attended relevant talks on the challenges and…

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For the second year in a row, Novative had the pleasure to take part in the Congress Xstream organised by the American Payroll Association. During the four days, we welcomed the attendees on our booth to talk about our solutions, we exchanged with payroll professionals and we attended relevant talks on the challenges and the future of our industry. Find out more about this amazing experience!

A successful virtual edition!

For several years now, the American Payroll Association has been organising with great success the Congress Xstream, a must-attend event for payroll professionals from around the world. With a strong educational focus, the event has gathered more than 1000 people to discuss payroll challenges. More than 50 exhibitors came to present their solutions… in a digital way! The pandemic certainly put the organisers to the test, and they reacted with unparalleled efficiency by organising a virtual version of the event! Virtual booths, online talks, group chats… everything was prepared to ensure the event that happened to be a real success!

Novative's Booth at the APA Congress Xstream

Novative’s Booth at the APA Congress Xstream

 

The Congress Xstream: an event that cannot be missed

The American Payroll Association is the American leader in payroll education and training. The APA has been working since 1982 to strengthen the skills of payroll professionals and to create bonds between them. Most people who work in payroll would tell you that the Congress Xstream is an event that cannot be missed as it is a perfect opportunity to discover all the subtleties of a field that is constantly changing. From the new challenges that brought 2020 to technology advances or expatriate payroll management, we had the chance to attend a series of interesting talks and to share our vision of the industry with many professionals.

Make your HR and payroll processes easier with Novative!

During these 4 days of exhibition, more than 250 people visited our booth and we were happy to welcome them and answer their questions! Novative were exhibiting in the Global Expo area, and showcasing our Global payroll services. Novative’s HQ is in Switzerland and have offices in Europe, the Middle East and the USA, bridging the gap between the USA and Europe. Operating in more than 20 countries, we offer payroll and HR outsourcing solutions to make you save time and ensure compliance! Do you want to know more?

 

Find out more here!

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]]> NOVATIVE USA Joining Payroll Professionals at the APA Congress Xstream https://www.novative.com/en/the-apa-congress-xstream/ Tue, 12 May 2020 10:57:02 +0000 https://www.novative.com/?p=9899 Industry Event: APA Congress Xstream   NOVATIVE USA are excited to announce we will be joining Payroll professionals at this year’s APA Congress Xstream, taking place virtually 2nd June – 5th June 2020.   About the APA Congress Xstream Payroll professionals convene at Congress Xstream to share how they shape the world. This educational event…

The post NOVATIVE USA Joining Payroll Professionals at the APA Congress Xstream appeared first on Novative.

]]> Industry Event: APA Congress Xstream

 

NOVATIVE USA are excited to announce we will be joining Payroll professionals at this year’s APA Congress Xstream, taking place virtually 2nd June – 5th June 2020.

 

About the APA Congress Xstream

Payroll professionals convene at Congress Xstream to share how they shape the world. This educational event allows attendees to build a customized education program from a wide variety of workshops covering topics pertaining to domestic and foreign payroll, accounts payable, human resources, management, benefits technology, and career development.

Congress Xstream provides unparalleled networking and the opportunity to hear the latest legislative and regulatory changes directly from government representatives and industry experts. Plus, it features the industry’s largest payroll, AP, and finance Expo. Join us this year to be part of an unforgettable event!

 

NOVATIVE USA at the APA Congress Xstream

NOVATIVE USA will be exhibiting at our very first virtual conference. We are excited to experience this amazing conference virtually. Congress Xstream is the perfect place to up your payroll skills and network with like-minded people. Novative USA we’ll be offering our expertise in Global payroll and HR.

If you have any Global payroll and HR challenges, pop by our virtual stand and explore how our services can resolve them.

 

Our services cover:

  • Uncomplicated Global Payroll Outsourcing
  • A powerful all-in-one HR platform
  • Compliant and efficient HR Outsourcing

 

Ways to Connect at The Congress Xstream:

 

APA Congress Xstream APA Congress Xstream

 

Book 1:1

 

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]]> The GPA UK Payroll Summit 2019 https://www.novative.com/en/the-gpa-uk-payroll-summit-2019/ Fri, 15 Mar 2019 11:10:13 +0000 https://www.novative.com/?p=5729 Team Novative were in London on the 14th March for the GPA UK Payroll Summit. The event took place at The Royal Institute of Great Britain, a stunning venue in the centre of London. The agenda was jam-packed with sessions that covered pressing issues in the industry and looked at the challenges affecting payroll &…

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]]> Team Novative were in London on the 14th March for the GPA UK Payroll Summit. The event took place at The Royal Institute of Great Britain, a stunning venue in the centre of London. The agenda was jam-packed with sessions that covered pressing issues in the industry and looked at the challenges affecting payroll & HR professionals.

 

GPA Payroll Summit 2019 GPA UK Payroll Summit

 

Novative were exhibiting and had a great day meeting like-minded people in the industry, and we had many interesting conversations.

One of the main topics on the agenda was Global Payroll, and it’s challenges. The first session to cover this was ‘Global Payroll – Key choices and challenges’ presented by Graham Jenkins.

The presentation concentrated on the importance of having a solid payroll strategy and making critical choices for this strategy. This will ultimately affect the design and execution.

GPA UK Payroll Summit

Graham Jenkins then went on to explain that a lot of global payroll outsourcing companies push technology as a main selling point. But he disagreed with this and stated service was the pivotal role.

GPA UK Payroll Summit

He summarised by stating:

To develop a global payroll strategy requires a rigorous methodology to guide you through the key elements and to ensure your strategy is ‘informed’ and that your choice of 3rd party provider(s) is right for you.

Jenkins presentation was very interesting and made some vital points about the process of creating a Global Payroll Strategy.

Here at Novative we manage clients Global Payroll successfully and are proud to have long-standing partnerships with many of our clients.

We agree with Jenkins that service is vital to this success, this is why we work very closely with our clients and listen to all their needs and pay attention to details to achieve the Global payroll strategy to ensure success for their business.

Thank you to everyone who came by our stand, until next year!

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]]> The GPA UK Payroll Summit 2019 https://www.novative.com/en/gpa-uk-payroll-summit/ Tue, 26 Feb 2019 11:23:25 +0000 https://www.novative.com/?p=5364 NOVATIVE UK Attending the GPA UK Payroll Summit   When and Where Will the Event Take Place   With the opening of the NOVATIVE UK branch in Bristol last year, we are excited to sponsoring our first conference in the UK. The GPA UK Payroll Summit is taking place on Thursday 14th March at The Royal…

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]]> NOVATIVE UK Attending the GPA UK Payroll Summit

 

When and Where Will the Event Take Place

 

With the opening of the NOVATIVE UK branch in Bristol last year, we are excited to sponsoring our first conference in the UK. The GPA UK Payroll Summit is taking place on Thursday 14th March at The Royal Institution of Great Britain.

 

The Event Promises

 

This action-packed one day conference led by experts in their field returns to cover all the challenges facing employers from 2019 onwards. The energetic one-day conference breaks new ground in the payroll industry. We will be looking at the latest developments in the UK

 

NOVATIVE are proud to be sponsoring the GPA UK Payroll Summit this year and look forward to meeting like-minded people in the payroll industry.

Our team will be exhibiting, they will be on-hand to discuss any Global payroll challenges you are experiencing and explore how our services and HR solution can help resolve these challenges.

 

Join Us at the Event

 

To register please go to the GPA UK Payroll Summit website.

We look forward to seeing you there.

 

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