Few jobs are as important as that of ensuring your employees receive their pay packages correctly and on time. Yet this task isn’t always the best use of your in-house finance team, whose efforts may be better placed on other important tasks. This is just one of the situations in which payroll outsourcing is an efficient solution.
Outsourced payroll services are among our many domains of expertise at Kreston Global. As with all of our outsourcing services, our teams are experienced in maintaining robust data security across the many countries that we work in. If you’d like to find out more about how we can help you in this area, get in touch to discuss your circumstances with us today.
Why outsource payroll?
A smooth payroll process is crucial to keep your business running. Yet despite this, it can be a time consuming and complex process. When you outsource payroll to a trusted team of experts, you can experience a number of advantages including, but not limited to, the following.
Have greater flexibility
Managing payroll is a time-consuming task, especially for larger organisations. Payroll outsourcing services can relieve your finance department of this responsibility, freeing up their time to focus on other strategic areas that help give you a marketplace edge. Moreover, outsourcing allows you to quickly scale your payroll processes as your business grows, without the need to recruit, train and manage additional in-house staff.
Minimise mistakes and ensure compliance
When you use payroll outsourcing services, you partner with specialists whose sole expertise is in this field. With this level of focus, the chances of mistakes are few and far between. Our global teams stay up to date on the regulatory changes occurring in their respective countries, meaning that you can be assured of minimal exposure to non-compliance risks.
Gain access to specialised knowledge
The level of expertise of any in-house payroll team will always be limited by its very nature. This is especially true if you are an international organisation but lack internal experience dealing with the payroll codes and regulations concerning the different countries in which you operate. With a network spanning more than 110 countries, we are able to find specialists with the knowledge you need to service payroll effectively across the globe. Moreover, our teams have experience working with businesses of all structures and sizes, and across all sectors.
The scope of our payroll outsourcing services
Of course, payroll is not one single activity, but rather comprises a set of tasks executed in tandem with one another. We will always take the time to understand the unique circumstances of your organisation, so as to provide a bespoke outsourcing service that meets your needs. Following this, we will partner with you to deliver whatever your payroll process requires, including the following functions:
- Setting up employee accounts by securely processing their personal information
- Establishing and managing your company’s preferred payment method
- Handling payroll taxes
- Effecting applicable employee reductions
- Managing end-of-year tax return forms and declarations
Why choose Kreston Global for payroll outsourcing?
Are you considering outsourcing your organisation’s payroll? At Kreston Global, we’re ready to help you. Our level of experience and knowledge in this area is exceptional and exceeded only by our commitment to delivering outstanding service.
As a global network, we appreciate that modern-day business requires 24-hour coverage. We’re proud to have a network of more than 160 independent firms worldwide that facilitates this need. No matter where you are, we’re able to use our payroll outsourcing expertise to free up your time to focus on more vital aspects of your business.