Intelligent CIO Europe Issue 83 | Page 17

LATEST INTELLIGENCE

THE PAYROLL DATA POINTS ESSENTIAL FOR INTERNATIONAL BUSINESS EXPANSION

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How can payroll data help you succeed in overseas business expansion ?
When expanding overseas , you ’ ll want to ensure that your business growth is unhindered by the complexities of global payroll & HR . By unifying and automating your people processes , ADP helps you work smart and rapidly deliver value in new markets .
There are many reasons why companies opt for overseas expansion , including :
• save costs and boost revenue potential
• diversify products / services
• increase customer base and / or brand exposure
• access a wider talent pool
• take advantage of foreign business investment incentives
Whatever the motivations , business leaders need quality , reliable data in their hands to inform decisions when moving into new markets . strategic value . Payroll data can give you a significant advantage in setting up your new workforce abroad .
There ’ s a huge amount of valuable data housed in your payroll system and generated on each pay run : salaries , gross-to-net deductions , and how much you pay to statutory authorities .
ADP ’ s The potential of payroll report finds that 98 percent of payroll leaders use payroll data to inform cost management strategies . This is no surprise when leaders also say the biggest challenge when moving into a new market is managing costs . p
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