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Payroll Lessons from ‘Superstar’ Companies

In the past few years, leading economists and business analysts have increasingly focused on the rise of superstar firms as a newer phenomenon shaping our global economy. Attaining practical insights from the analysis, however, has been a challenge, in large part because the definition of a ‘superstar’ has varied widely. That changed last year, when the […]

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Why Your Payroll Provider Matters

For a function so integral to the success of any organization, payroll doesn’t get a lot of attention outside of the people who run it. Yet, everyone at a company relies on it, it’s typically the largest cost center, and it tends to be responsible for more up-to-date, company-specific data than any other department. Which […]

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The Trouble with Fragmented Payroll

It’s a long-standing story in the payroll industry that one provider can’t satisfy all the payroll needs of a global company. With all the differing regulations and constantly changing requirements, the story goes, only local or regional providers have the expertise and access needed to properly process payroll across various locations. The fault in this […]

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What Is Global Payroll?

Although payroll is one of the more fundamental business needs, our understanding of the function and its implications remains minimal at best. In fact, many business leaders rarely consider payroll beyond the basic requirement of paying employees, failing to realize the strategic value of this core function, which often represents the largest cost center of […]

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A History of Global Payroll Models, Part 2

In the wake of Y2K, the newly interconnected world began seeking ways to reconcile a reality that was increasingly, permanently, dependent on data with growing fears of that data being compromised. An amazing cycle had begun, in which the use of data resulted in the creation of more data, which contained ever more valuable and […]

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A History of Global Payroll Models, Part 1

Technology has a way of injecting a peculiar sense of selective amnesia into culture. For the overwhelming majority of human history, people couldn’t communicate across vast distances. The telephone itself is less than 150 years old. Yet today it’s difficult to imagine not having a phone in your pocket capable of calling anywhere in the […]

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The Cost-Saving Side of Payroll Integration

When it comes to selecting and optimizing technology solutions for core business operations, decision-makers often struggle to weigh organizational needs and goals against the cost of modern systems. It’s a balancing act: the business needs a better solution, but it also needs to manage costs. Unfortunately, the challenge of reconciling those two facts often results in […]

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Embracing Compliance as Opportunity

2018 was always going to be the landmark year in which compliance goals, needs, and worries took center stage in global business. MiFID II, PSD2, GDPR, and many other acronyms have been dictating strategic discussions and preemptive planning across enterprises for years. Now we have arrived into the newly regulated normal, in which organizations of […]

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Four Key Benefits of Single-Source Payroll Data

The unprecedented volume of data produced, collected, shared, and stored on a daily basis has become a hallmark of the modern working world. Amid growing demands for data protection and transparency, and evolving regulatory requirements like GDPR, it is clear to both companies and consumers that our masses of data require the best management methods […]

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How Progressive Global Companies Manage Lockbox Processing

Lockbox banking is arguably an indispensable part of doing business in the modern global economy. Banks provide localised lockboxes to receive remittance payments from customers, then collect and process the payments, typically on a daily basis. Particularly for large multinational companies, lockboxes offer substantial benefits, from expediting deposits and reducing internal processing costs to providing […]