The Perfect Global Payroll SaaS Suite for Modern Businesses – HR Blizz™
When it comes to payroll solutions, 66% of payroll professionals and 51% of HR practitioners say their organizations sometimes cut corners. That’s according to a recent study by the American Payroll Association (APA). Both small and large-scale shortcuts may jeopardize compliance.
Many companies are now expanding into international markets, and each new territory presents its own payroll compliance challenges.
Global payroll refers to the process of managing and distributing the payment of wages and other compensation-related information for employees who work in multiple countries. This involves compliance with various laws, regulations, and tax requirements in each country where employees are located, as well as the conversion of currencies and the calculation of taxes and deductions. A Global Payroll solution is a software that helps organizations automate and streamline this process, ensuring accuracy and compliance while reducing administrative burden.
There is a high probability of human error with potentially serious consequences associated with international payroll compliance, since it requires a tremendous amount of manual effort. In addition to sanctions, these pitfalls result in costly fines, legal repercussions, and damage to your company’s reputation. Finding the right, Online Payroll Systems that automate payroll are now at the top of every international HR organization’s to-do list due to the high stakes involved.
As a result, software-as-a-service (SaaS) is becoming increasingly popular among international businesses for global payroll purposes. Whether it’s email and social collaboration, customer relationship management (CRM), human capital management (HCM), enterprise resource planning (ERP), or human resources management (HRM), your business almost certainly utilizes at least one – and probably many – SaaS solutions.
We always think of systems as applications, whether they are offline or online. However, that is a narrow view of the situation. System activities and structures are much broader in many systems, such as production systems and train systems.
When we talk about Payroll Management Systems, we are essentially looking at how computer applications handle payroll-related activities. Let’s step back a bit to understand what payroll is before we move forward.
An employer pays his employees for the work they have done through payroll. Earnings and deductions make up most payrolls. The employee’s earnings are the salary, wages, allowances, bonuses, and medical benefits he or she receives. Employers withhold deductions from employee paychecks. Among these are reduced salaries or wages, Provident Fund contributions, income tax, and other statutory payments.
Each employee’s earnings and deductions are calculated at the end of the payroll period, and the employer pays the employee’s dues. Accounting records are kept for each calculation and payment.
While transferring money from an employer to an employee may sound simple, there are a variety of important aspects to be taken into consideration. Following a consistent payroll process for every employee can minimize errors and keep your business compliant with relevant tax laws. The payroll process for most companies can generally be broken down into eight essential steps:
- Determine your payroll system
- Come up with a payroll policy
- Collect employee information
- Set up direct deposit
- Implement a time-tracking system
- Review employee timesheets
- Approve and submit payroll
- Create and save payroll records
There are many reasons why SaaS is critical in Payroll. With the integration of SaaS solutions in Payroll, it is easier for businesses to create an efficient employee experience. When employees can access their data and files on different devices, there is less clutter and confusion about where information is located.
Quick Operations – Employees can also complete several tasks within a short time frame due to SaaS integration’s convenience. SaaS provides a competitive advantage for your business as it can increase your turnaround time while processing Payroll.
Process Automation – SaaS integration helps automate tasks that are otherwise time-consuming and difficult to perform manually. This automation brings significant benefits for organizations of any size because the automatic connection between applications saves your team or business valuable time.
Seamless Data Management – It helps businesses to manage their data seamlessly. A significant amount of time can be saved with better record-keeping and management as you are aware of all your payroll data.
Cost-effective Solution – Saas integration is a cost-effective solution for any business looking to use their data better and get more out of their investment in analytics software. With this easy-to-use service, you can integrate your existing systems into one seamless system without having to worry about compatibility issues or costly integration fees.
What are the different types of payroll models?
The three most common models for multi-country payroll are in-house, decentralized and centralized. Occasionally, It is also broken down into fully managed, co-managed & SaaS.
Managed Services vs SaaS
The nature of managed services is different. While the SaaS model provides companies with software that can be accessed via the cloud, managed services go a step further. The technique of outsourcing the responsibility for monitoring and anticipating the need for a variety of processes and tasks in order to enhance operations and cut costs is known simply as managed services (with a managed services provider, known in short as an MSP). They often offer additional support by taking care of both networking and hardware requirements. In addition to managing software, managed services can also assist businesses with their hardware needs. Managed IT services are IT tasks provided by a third party to a customer – which can be a business of any size. The managed service provider has the responsibility to maintain the IT operations of the organization that benefits the service.
On the other hand, the software-as-a-service model is a category of cloud computing alongside infrastructure as a service and platform as a service model. SaaS refers to software distribution in which third-party vendors host, maintain, and upgrade applications for customers online. If an organization has ever utilized any software from the cloud, then it has used SaaS. The software as a service model might be a good fit for businesses that have full commitment to staff their IT infrastructure but need outsourced applications to have cutting-edge services and be on the next level. In short, the businesses that will get the most advantage out of SaaS are those that have existing IT infrastructure.
Furthermore, managed IT service providers provide IT expertise and prebuilt IT infrastructure to their customers. In addition, there are remote IT service providers who fully manage and control their customers’ IT operations, allowing those companies to focus on more critical tasks.
Meet HR Blizz – State-Of-The-Art Global Payroll SaaS Suite
HR Blizz is a global payroll and talent management SaaS suite – one that does the job of several others! This cloud-based payroll software enables you to automate global payroll processes (including calculating taxes, tracking time worked, and producing reports on employee data) and manages international employees’ data in a self-service cloud-based SaaS environment.
With its native payroll capabilities, this software is years ahead of other solutions. Global payroll data and employee information are centralized into a single secure interface where data and workflows can be accessed anywhere, anytime, and on any device. Regardless of your company’s language or currency, HR Blizz users can consolidate, manage, and process global payroll for their teams worldwide in just a few clicks.
Popular as the best online payroll software, HR Blizz offers superior capabilities, with a presence in 160 countries — four times more than any other provider. We use machine learning, artificial intelligence, and fully automated payroll processing to drive accuracy, efficiency, and compliance into the heart of your organization.
Additionally, this payroll management software helps you:
- Save money by reducing labor costs through automated payment calculations.
- Reduce errors caused by manual calculation errors or incomplete records by sending reminders from email or text messages.
- Provide transparency into employee pay rates across multiple countries and cultures through integrated reporting capabilities.
An overview of HR Blizz and how it works
Using the SaaS payroll service is a breeze. It is a cloud-based software that you can access from anywhere in the world, at any time. You simply log into your account and get started.
Powered by innovative native payroll capability and leading-edge technology, HR Blizz – our certified payroll software will help you to streamline your operations and improve efficiency levels across the board, helping you to reduce costs.
#1 Native payroll plateform
No subcontractor, no third-party software, 160 countries supported.
Software specifically designed for global payroll.
Reduce payroll costs by up to 60% with global payroll.
The only payroll solution that is available in 160 countries, allowing employees to choose when they would like their paychecks.
End-to-end payroll processing that is entirely touchless.
Access to all payroll data worldwide in real-time.
Consists of Micro-services architecture – ESS, payment gateway, benefits, etc.
Single global payroll console
Offers military-grade security, and elastic infrastructure, and is compatible with all devices.
Real-time AD-HOC reporting
Create and run payroll reports from anywhere.
Scalable and flexible solution
from SaaS to BPO without changing providers or re-implementing.
If you have any questions about our services, a team of specialists is available around the clock to assist you.
Aimed at meeting the growing needs of global payroll, Mercans’ HR Blizz is equipped with the following cutting-edge features:
- Touchless Payroll – Combining the power of robotics and Machine Learning, our automated integrations enable on-demand payroll processing without human intervention.
- Real-time Integrations – Seamless and pre-configured in- and outbound interfaces slash processing efforts and resources while guaranteeing payroll accuracy and timeliness.
- On-demand Reporting – Build your own reports quickly and easily with real-time access to your global payroll data anywhere in the world.
- Payroll Admin Console – Intuitive administrator console provides full visibility and control over all global payroll activities, reports, and audit logs.
- Preconfigured Compliance – HR Blizz comes to you with built-in end-to-end labor law and tax compliance.
HR Blizz’s Global Payroll SaaS is easy to use, easy to set up, and easy to manage. Thus, it is considered a Top Payroll Software worldwide.
It will help you with the following:
- Easy to use: You don’t need any technical knowledge or IT skills. The system is fully customizable so that you can adapt it according to your needs and requirements. This makes it very user-friendly for all levels of employees from entry-level workers who want an easy way of paying their salaries through senior managers who want full control over their payroll processes.
- Easy to scale: HR Blizz offers several plans suited for different sizes of businesses, regardless of whether they are small or large corporations, so you don’t need to invest in an expensive software package. In addition, it can integrate existing HR systems such as Oracle Cloud Human Resources, SAP SuccessFactors, UKG Pro, Workday HCM, etc., if needed. Having one platform to manage employee information accurately, rather than multiple platforms for each employee, would cost extra fees in addition to saving both time and money.
Each business is unique. Therefore, we offer three different service delivery models tailored to your business needs.
Every business is different. This is why we have created three, unique service delivery models that are tailored to your business needs.
- Payroll SaaS
Using our cloud-based and highly automated payroll solution, you can process payroll across countries, languages, and currencies.
- Fully managed payroll
Are you considering outsourcing payroll? Ensure dynamic, customized payroll reporting and full technical support from a single trusted provider.
- Co-managed payroll
Outsource payroll processing tasks to a trusted provider who will integrate their services with your HR systems while controlling key aspects.
Each of the service delivery models above serves a different purpose. SaaS solutions offer tremendous benefits that go beyond eliminating the need for expensive and extensive hardware. When you use a SaaS solution, your HR operations will be easier, more flexible, and more agile. You will be able to scale up and down as your business needs change. Additionally, the employee self-service portal enables them to manage their own data, increasing productivity, reducing error and duplication, and improving employee engagement.
As a cloud-based proprietary SaaS suite, HR Blizz is unique among other global HR SaaS providers. You can find out if the payroll solution is right for your company by signing up for a free demo
If you have any questions or concerns, please contact us at [email protected]