Jan 18, 2022 4 min read

The Power of Data Lakes

Solving your global payroll challenge

Payroll cannot work without accurate and timely HR data.
Yet, getting HR data obtained from various sources directly into payroll software has been a challenge for decades.

In the ‘80s
HR data entry processes were manually being keyed into payroll systems.
In the ‘90s
Tapes and floppy disks were all the rage, transferring data from one system to another physically.
Then came FTP
Things shifted when FTP came on the scene and became hugely popular.
The birth of API
Now, with far more efficient interfaces, the modern approach for data exchange between systems lies in the API.

What is FTP?

FTP is short for File Transfer Protocol, a standard communication protocol used to transfer computer files.

What is API?

API refers to Application Programming Interface, a software intermediary that allows two applications to connect and talk to each other.
Naturally, one of the biggest challenges their payroll teams face is creating a centralized HR system across all of their global locations.

 

Today, more and more companies are pursuing global expansion. Naturally, one of the biggest challenges their payroll teams face is creating a centralized HR system across all of their global locations.

The Power of Data Lakes The Power of Data Lakes The Power of Data Lakes
However, these technological developments have still not resolved key global payroll challenges.

How do global companies address this?

Global companies have the resources to address these challenges by acquiring global HCM solutions. Hugely popular, these solutions provide a single global HR system with a standard interface format. All HR data can be funnelled into one database.

Say goodbye to worries about building many local interfaces for different local payroll providers.

But global solutions do not always fit every type of company.

The Power of Data Lakes

Companies that do not have highly standardized HR processes or which have varied operational setups in different locations cannot invest in global HRM. It is neither suitable for their size nor is the expense justifiable.

  1. Does this mean that you give up on your dream of having a global HR data repository?
  2. Does this mean that an efficient global payroll program is impossible for you?

No, not at all

The Power of Data Lakes

The data lake explained

This is where data lakes come into play. Unstructured data streams feed into a data lake where the data is ingested, distilled, tagged and converted into structured data.
Data is then passed downstream to consumer systems.

What is amazing about this?

Data lake technology allows companies to feed their HR data, in any format, from various global systems into a single database from which structured data will emanate to any number of payroll systems and providers.

What is a data lake?

A data lake is a centralized repository that allows you to store all your structured and unstructured data at any scale with no hierarchy or organization. But they are flexible and can be configured.

 

How does this help you?

As payroll processes are platform agnostic and separate from the HCM, you can change HCM systems and feed HR data to the payroll providers and systems easily.

The data lake is not a futuristic dream but a practical solution for setting up a world-class global payroll program today.

Running on data lake architecture, our innovative, automated and native global payroll solution will revolutionize your payroll across 160 countries.

Say goodbye to massive payroll processing centers and let’s make payroll a career choice for the machines.

Contact Sales

phone+1 877 637 2267

glob[email protected]

Most viewed posts

View all posts

Lebanon – Sickness and Maternity Contributions Set To Raise

Contributions will be raised to LBP 18,000,000 from the existing limit of LBP 5,600,000.

Sep 18, 2023 1 min read

Singapore – Central Provident Fund Ceiling Changes

Effective from 1 September 2023, the Central Provident Fund Board has amended the additional income ceiling for monthly mandatory contributions. CPF Ordinary Wage (OW) ceiling limits, the amount of OW that attract CPF contributions in a calendar m

Sep 12, 2023 1 min read

Kenya – 2023 Statutory Changes

Effective from 28 July 2023, the Kenyan Government has lifted the suspension barring the implementation of the 2023 Finance Act. The Finance Act of 2023 proposed the below changes to take effect from the 1st of July 2023: Exemption of travel allo

Aug 15, 2023 2 min read

Oman Announces New Labor Law

Effective from 25 July 2023, the Omani government through Royal Decree No. 53/2023 issued the New Labor Law which replaces the Old Labor law issued through Royal Decree No. 35/2003. Please find the previous and new law comparison in the below tabl

Aug 11, 2023 1 min read

HR Blizz Acquires an Accounting Software Award from Leading B2B Rev...

HR Blizz earned another notch on its belt when a major B2B software marketplace granted our accounting software a major award. FinancesOnline, one of the leading software directories today, confers HR Blizz with a Rising Star Award, acknowledgin

Aug 10, 2023 3 min read

New Salary capping limit for payment of Social and Health Insurance...

Effective from 1 July 2023, the Ho Chi Minh City Social Insurance authority with Notice no. 2651/TB-BHXH dated 7 Juy 2023 increased the ceiling amount of salary for payment of compulsory social insurance, occupational accident and disease insurance,

Jul 31, 2023 1 min read