A new report shows that the majority of businesses and payroll leaders are losing out because they’re not using payroll reporting for informed decision-making.
This could result in many firms being unable to meet key objectives for the year – without this type of reporting in place, it can limit operational and strategic visibility, as well as prevent a business from spotting trends, patterns and anomalies in their payroll data.
Matt Hillier, EVP Product at CloudPay, commented on its Reaping the Benefits of Unified Pay Solutions report. He said, “As global pay processes become increasingly complex and more widely used, having the ability to adhere to regional nuances while also delivering a consistent experience across borders is going to be a critical component for organisations.”
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Hillier added, “Those that are unable to adapt will not only feel the impact in terms of efficiency of operations, but also in boosting their brand’s competitive standing.
“By consolidating global payroll and payments under a single, unified pay solution that brings together multi-country payroll requirements seamlessly without the administrative burden on teams or errors that could impact employee pay packets – businesses will be able to gain from greater insights and support the development of more effective strategic decision-making.”
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