Dec 22, 2023 4 min read

Avasant Selects Mercans as a Leader in Payroll Business Process Transformation

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Avasant Selects Mercans as a Leader in Payroll Business Process Transformation

In the dynamic realm of global payroll, Mercans has carved a distinguished path, emerging as a Leader in Avasant’s Payroll Business Process Transformation 2023–2024 RadarView. Our recent recognition by Avasant, among 27 industry contenders, heralds us among the top 20 providers for consistently delivering exceptional value in the market. Avasant’s comprehensive evaluation, categorizing providers into challengers, disruptors, innovators, and leaders, recognizes Mercans for its significant contributions over the past 12 months.

In a span of just one year, Mercans has transitioned from disruptor to industry leader in Avasant’s report, setting a new benchmark for excellence, attributing it to the company’s excellence in critical dimensions of the RadarView assessment: practice maturity, domain ecosystem, and investments and innovation.

At the core of our success lies our proprietary payroll engine – HR Blizz, a technological marvel spanning 160 countries, adeptly servicing diverse industries with support for over 40 languages. Our flagship offering extends beyond conventional payroll solutions, encompassing a suite of comprehensive employee management tools tailored for international operations.

Mercans has disrupted the global payroll landscape with its G2N Nova global payroll engine. This state-of-the-art gross-to-net payroll engine stands out as the sole stateless application globally, swiftly generating payroll calculations across 100+ countries within seconds, all while avoiding the storage of any sensitive employee data. This innovative approach has positioned G2N Nova as a catalyst for multinational corporations seeking to fully digitize their global payroll operations. Beyond its uniqueness as the sole global gross-to-net payroll application, G2N Nova offers a fully autonomous and touchless payroll experience, leading to dramatic reductions in processing times and costs.

However, our narrative of triumph extends beyond accolades; it intertwines with the success stories of our esteemed clients. From aiding in establishing new international offices for businesses to streamlining operations for prominent companies, Mercans has played a pivotal role in enabling global business expansion.

Avasant’s comprehensive report further underscores our contributions to industry giants in the healthcare and defense industries, accentuating our commitment to strategic maturity and innovative solutions in payroll operations.
Our distinction lies in adaptability, embracing varied business models from SaaS to BPaaS and BPO, along with global payroll outsourcing and SaaS services, fostering alliances with fintech entities, and continually innovating to fuel both our growth and that of our esteemed clientele.
Comprehending the complexities of global payroll intricacies, we’ve meticulously crafted a localized approach, fostering a presence in 121 countries. This meticulous approach ensures compliance, operational efficiency, and offers a unified global perspective for our valued clients.
Beyond cost efficiency, our aim is to redefine paradigms, empowering informed decision-making, enriching employee experiences, and seamlessly adhering to local regulations across diverse geographies.

As we march forward, our vision remains unwavering—to continually redefine the benchmarks in payroll business process transformation. Our ongoing pursuit of innovation, from no-code integration to instant payments, fuels our ambition to persist as pioneers in transforming global industries.

Avasant Analyst Commends Mercans

commas

Mercans has developed its native global payroll engine to facilitate gross-to-net payroll calculations, digitalize processes, and offer self-service functionality to employees in 160 countries worldwide. Its partnerships with HCM and ancillary HR platform vendors enable it to offer comprehensive HR services through a unified portal. It leverages its local delivery network, including offices and regional experts in 121 countries, to help enterprises reduce dependence on local payroll aggregators for last-mile services across countries. It has also formed alliances with fintech companies, such as Ebury, Hyperwallet, Paycor, and Paysend, to offer last-mile payment disbursement services and close the end-to-end payroll cycle for clients.

Its continued investments in technology innovation, such as no-code HR integration tools and instant payments functionality, flexible business models, and a global delivery network, have made Mercans a leader in Avasant’s Payroll Business Process Transformation 2023–2024 RadarView.

Aditya Jain

Aditya Jain

Principal Analyst at Avasant
articulates,

This milestone stands as a testament to our journey—a journey marked by resilience, innovation, and an unwavering pursuit of excellence. Mercans celebrates this achievement with profound gratitude and an unwavering commitment to continually shape the future of payroll transformation.

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