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