Payslip for Finance
Global payroll is a strategic asset
There’s more to payroll than simply paying your staff. For most businesses, payroll is your biggest cost, accounting for 50 -70% of total spend. And with the right technology, it’s also one of your biggest strategic assets.
Unlock the real value of payroll
❖ Local and global payroll analytics ❖ Full visibility of entire global workforce ❖ Consolidated Multi-Country global reporting ❖ Automated General Ledger production ❖ Autogenerated Approval reports ❖ Fully Integrated Payments Finance teams have the information they need to drive a successful, strategic and fully compliant payroll, and Payslip’s built-in automations deliver unrivalled payroll efficiency and accuracy for every country in your organization.
An effective global payroll strategy aligns with wider business goals. It enables informed cost prediction, workforce planning, and process refinement - and enforces an accurate, efficient, and compliant payroll. Key to this is the ability to access analytics and reports on rich payroll data at every level in the payroll hierarchy. Given the complexity of multi-country payroll - different data sources, costs, currencies, and data formats – it’s a challenge for Finance teams to extract meaningful analytics at a global and local level. The solution? Payslip’s Payroll Control Platform standardizes the entire global payroll dataset and offers granular analytics at every level in the payroll.
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2024 Payslip Finance Teams
Assert total control of global payroll By standardizing and centralizing the global dataset for payroll, Payslip provides you with the single richest source for insights into payroll trends and costs. Payslip ’ s payroll reports, finance analytics, and process workflows offer real-time and historic visibility of your payroll spending, empowering you to lower cost, reduce risk, increase control, and ultimately, plan and optimize payroll, your company’s biggest outlay. Financial planning Payslip ’ s Finance reports enable you to compare payroll spend by year, by country, cost-center, and even by pay element. Finance Self-serve access to post-payroll general ledger accounting data Payrun Variance Compare earning & deduction changes across multiple pay periods and review variances by value or percentage Workforce Payroll Changes Compare your worker's payroll data across multiple pay periods Global Pay & Taxes Overview Consolidated global list of all your Pay & Taxes elements across all countries and companies
Global Total Employer Costs Consolidated total employer costs across all countries and payrolls Global Employer Contributions Costs Consolidated employer contribution costs across all countries and payrolls Finance Reports Choose any subcategory e.g. Bonus to pull consolidated totals across all countries of your choice in local currency or a consolidated reporting currency COO Monitor labor cost reports to best decide where to hire and locate new employees Workforce Detail Monitor and visualize trends in your workforce across all countries and payrolls Payrun Management Detail Consolidated view of your payrun file(s) and all pay & tax elements across all countries, payrolls. Reports include employee level view CFO Country by country cost comparison report at pay element level
2024 Payslip Finance Teams
A faster, more cost- effective payroll process As well as delivering business-changing insights and visibility, Payslip also brings savings on payroll operations. Hyper automation is in our DNA, and payroll inputs to the Payslip platform are 100% automated across all countries and workforces. Our automations enforce operational excellence and your teams will benefit from a faster and more cost-effective payroll process, increased efficiency, and more time to focus on other tasks. With powerful support for next-level cost strategies and the big cost advantages of hyper automation, payroll performs better with Payslip. One-click General Ledger
“A year ago, our Global Payroll lead presented Payslip to the CFO and I. I now realize why. I see Payslip is taking us forward to be the scalable $billion business we want to be.”
Autogenerated reports for Treasury Approval
❖ Generate any GL in minutes, not hours
❖ Standardized GL across all countries
❖ Smart automations reduce workload and timelines
❖ Improved insight and visibility
❖ Everything an Approver needs presented in one view.
❖ Lower cost. Absolute control
❖ No manual data gathering or consolidation
❖ All data validated by Payslip automations
❖ Reconciliation process made easy with variances detected automatically
❖ Fast and accurate process reduces costs
2024 Payslip Finance Teams
Streamlined employee payroll payments Payslip’s WorkPay standardizes multi- country payments into one process and autogenerates all required payment files from validated payment data. WorkPay takes only the exact funds it requires for each payroll. Payment reconciliation is therefore eliminated! Its unified payroll treasury process and standardized data set delivers unrivalled insights into payments and related processes at global and local level to support monitoring and operational excellence. Depending on the WorkPay plan you choose, WorkPay delivers the following benefits:
Fully compliant and audit-ready Payslip’s automations support compliance on a global scale by reducing error, and our workflows enforce a formal, tracked payroll process. Audit preparation is easy and cost- effective with Payslip because audit- readiness is built into our platform. See our Audit-Readiness Product Sheet for further information.
Days Saved per Year 286
100% Audit Ready & Error Free Payroll
saved on 3rd party software €50k
Saved on payroll efficiency, per year €56k
Big time savings and associated costs for data administration
•
Reduced or eliminated ICP fees
100% Automated Finance Solutions
•
Reduced FX cost
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Reduced risk
•
Full visibility
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Figures based on client with 3000 EE's, 20 countries
1
200
99.97%
Automated Payment Workflow in all countries
Country Payment Routes
on time payment success rates
2024 Payslip Finance Teams
Reduce costs with an integrated payroll ecosystem Payslip’s global payroll management platform connects with your existing HCM, ERP, financial software, benefits vendors, and external payroll provider systems. The Payslip platform is the only global payroll technology that can automate 100% of payroll inputs, and our MIPI Connect feature transforms and validates the data for you, eliminating the need for time-consuming manual data consolidation and enforcing data integrity. The Payslip platform also
outputs data in whatever format is needed by your Payroll Vendors and downstream systems. We are a Workday Golden Partner offering easy seamless integration with Workday HCM via our Workday Connector, and support integration with any pay data source and destination. The result is an end-to-end process that transforms a fragmented, low-visibility, manual payroll process into an audit-ready, efficient and cost-effective next-generation workflow that cuts expensive manual errors and delivers real insights to support business intelligence.
Productivity Gains | Risk Mitigation | Hard Costs | Revenue Growth
Please contact us at sales@payslip.com for further information
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