Global HR services and solutions for distribiuted workforce.
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