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Outsourcing the Payroll Function: Significant Impacts on Organization

Paysquare

Compliance Risks: Managing payroll in-house requires staying up-to-date with complex tax regulations, employment laws, and compliance requirements. Data Security Concerns: In-house payroll processing involves handling sensitive employee data like social security numbers, bank account details, and salary information.

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Strengthen the supply chain by reimagining trade finance workflows

IBM Services

In trade finance, competition no longer comes only from banks, but also from fintech businesses. As disruption proliferates and the competitive landscape shifts, now is the time to rethink workflows and how to shore up the processes that keep your organization resilient and agile. . Transformation through intelligent workflows .

Finance 52
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Beyond The Payslip: How Employee Self-Service Transforms Payroll Management

Paysquare

ESS systems also facilitate real-time access to up-to-date information and regulatory updates, keeping employees and payroll administrators informed about changes in tax laws, labor regulations, and reporting requirements. This helps in fostering trust and confidence in the organization’s handling of sensitive data.

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Embracing Automation: RPA & IDP are the Future of Business Process Automation

NoonDalton

Time Savings RPA bots can complete tasks much faster than human workers. By automating routine processes such as data entry, report generation, and invoice processing, RPA allows businesses to save valuable time.

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Signs That Indicate Your Business Needs Payroll Services

Paysquare

Outsourcing payroll services ensures that your taxes are filed correctly and on time, saving you from legal trouble. A payroll agency stays updated on tax regulations and ensures your business remains compliant. Regulations can be complex, and different industries have different rules.

Payroll 52
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European Commission’s Omnibus Package: Cutting Red Tape or Stemming Accountability? | Blog

Everest Group

The Omnibus Package aims to adjust the pace of sustainability regulations, while keeping the core framework intact, as a response to concerns over regulatory burdens affecting European competitiveness. The Commission claims that businesses will save approximately 4.4 billion in setup costs.

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Finance UX Trends for 2020

Unosquare

When possible, implement time-saving features to make it easier for the user to interact, while reducing clutter on the screen. First and foremost, the EUs General Data Protection Regulation (GDPR), which came into force on May 25, 2018. Make sure navigation is streamlined and not overloaded with pop-ups or notifications.

Finance 52