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Automated Compensation Data Collection
A leading global technology company operating in over 50 countries.
The Challenges
This leading global technology company faced of inaccurate data, inefficient systems and compliance risks due to use of legacy systems and processes.
Fragmented Data Collection
The company relied on manual processes to gather compensation data from various international offices, leading to inconsistencies and errors.
Compliance Risks
Inaccurate data collection increased the risk of non-compliance with local tax and labour laws, potentially resulting in legal penalties.
Operational Inefficiencies
Significant time and resources were spent on data validation and correction, diverting attention from strategic initiatives.
Solutions Implemented
Global Expat Pay worked alongside this organisation to audit their systems and used our software to create a solution to their problem. We were able to help automation of data collection whilst integrating with existing systems they were already using.
Automation of Data Collection:
Global Expat Pay implemented an automated system to collect, validate, and standardize compensation data across all operating countries.
Integration with Existing Systems
The solution seamlessly integrated with the company's HR and payroll systems, ensuring real-time data synchronization.
Compliance Monitoring
Built-in compliance checks were established to ensure adherence to local regulations, reducing the risk of legal issues.
Major Improvements in Cost, Efficiency, and Accuracy
We automated compensation data collection, resulting in a 40% reduction in compliance costs, a 70% savings in service fees, and significantly improved payroll accuracy. This automation also mitigated compliance risks and streamlined operations by integrating with existing HR and payroll systems.
Cost Reduction: Achieved a 40% reduction in compliance-related costs.
Operational Efficiency: Realized approximately 70% annual savings on compensation service fees.
Improved Accuracy: Significantly reduced manual errors, enhancing the overall accuracy of payroll processing.
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