A few months ago Gartner published their 2021 Market Guide for Multicountry Payroll Solutions and we welcome those findings as they are in line with our mission here at Cadena. By 2024, 60% of large enterprises will have invested in a strategy to unify multicountry payroll by using just a couple of vendors globally. Why are they doing this?
- Vendor consolidation: Easier vendor maintenance, which should result in more opportunities for cost savings, improved service, and optimized operational costs.
- Standardization of processes: Applying one payroll system to multiple companies will force the standardization of processes. Standardization can lead to more transparency, boost productivity, and increase employee morale.
- Reporting & analytics: Having consolidated payroll data available across the group offers strategic opportunities. It can be used when planning to increase or decrease headcount based on the average cost of employment by country.
At Cadena, we also see that unified multicountry payroll is becoming more popular. While in the past companies were procuring payroll systems country by country, we are now approached regionally to cover multiple implementations across Southeast Asia. This gives us a competitive advantage since there are only a couple of vendors active in our region that can offer multicountry payroll (due to the effort required to localize systems and maintain compliance).
Cadena just kicked off another multicountry payroll project for Colas Rail Malaysia, Indonesia, and the Philippines. Colas Rail is one of Europe’s leading suppliers of railway infrastructure services and a subsidiary of Bouygues. Globally they are using SAP SuccessFactors for talent management. Cadena will integrate with SAP and offers one centralized attendance and payroll solution for all 3 countries in Southeast Asia.
www.cadena.com.sg www.cadena-hrmseries.com | ASEAN Payroll and HRMS software on the cloud by Cadena International|