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This transition was even more significant for payroll teams as they sought to function as usual despite the seismic shift in workplace operations. Inaccurate payrollprocessing. Compliance and security issues: a startling 71% of organizations rely on excel for their payrollprocessing and analysis. In a word, data.
Gartner’s 2022 report on global payroll solutions brings to light several key findings about the industry and makes recommendations for customers evaluating a global payroll provider. According to Gartner, the global payroll solution market is expanding rapidly, for a variety of reasons.
Look to roboticprocessautomation (RPA) as an example. While there are hundreds of RPA use cases specific to dozens of industries and departments (and implementing many of them is likely in your organization’s future and in the future of automation in general ), it’s impossible to roll them all out immediately.
Key trends highlighted by Kumar and the other judges include: Roboticprocessautomation, intelligent data extraction and other elements of the hyper-automation fabric are becoming increasingly common. He noted that several entries would have won an award for their creativity and sophistication in prior years.
Whether its recruitment, payroll, compliance, or employee engagement, outsourcing these functions allows businesses to focus on strategic priorities. RoboticProcessAutomation (RPA) RPA is making routine HR processes, like payrollmanagement, benefits administration, and compliance tracking, faster and more efficient.
business process outsourcing (BPO) is ubiquitous with “doing business.” As CFOs pursue greater flexibility, liquidity, and riskmanagement for their companies, alternatives to BPO are becoming more attractive. BPO in-country or offshore reduces your accounts payable, payroll, customer service, and technology costs.
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