SUMMARY DESCRIPTION
- Provides payroll services on a global basis to companies with staff operating outside their core domestic market
- Strong Saas technology system with commitment to client service
- Services solves for the complexities of tax regimes, compliance and reporting when multinationals operate internationally
- Payroll delivery provides base for further services, e.g. contingent workforce and outsourcing solutions
OPPORTUNITY/INVESTMENT THESIS
- Globalisation enabling more companies to expand reach to other countries – but Payroll/HR services lag behind
- Opportunity to provide a better technology solution comprising payroll, tax and compliance reporting in local currency jurisdiction
- Finance and HR departments focussed on serving their domestic employees benefit from not having to set up multiple local solutions internationally
- Early demand likely from multinationals but need is long term and globalisation effect will enable service to ‘waterfall’ down to smaller companies
- Payroll solution provides relationship basis for expanding to other needed local services