Keeping a company’s payroll is a pervasive and complex process in this day and age, particularly if the company operates internationally. A payroll not only encompasses internal factors, in combination with HR duties, but it also involves aspects requiring cooperation with service organisations and external bodies .
Are the personal data you keep in your payroll records automatically linked to other systems? How do you make allowance for all applicable local rules and regulations at the same time in processing your payroll without having to compromise on human and other resources for your income-generating activities?
New perspective on efficient payroll and HR records
Efficient payroll accounting is key in the context of pensions and subsidies, as well as to meeting the requirements of occupational health and safety services, insurance companies and, of course, the tax authorities. The due care exercised in delivering the data delivery is crucial, not only for the organisation itself, but obviously also for its employees. Every (internationally) operating company is aware of the need for efficient payroll and HR records, but the related accounting processes and regulatory requirements take up a lot of its employees’ time.
Continuity, quality and efficiency
BDO can offer you a new perspective on an efficient approach to keeping your payroll and HR records that will make your organisation benefit in terms of continuity, quality and efficiency. We would be happy to keep all or some of your payroll and HR records for you. In addition to total outsourcing of payroll and HR processes, we also offer the option to use our software package to make your own changes and to have BDO check your changes. If you want, we can also give you access to our software package so that you can process your payroll and HR records without our help. This option works best if your organisation has it own payroll accounting department.
Integrated proposition for outsourcing support processes
In today’s complex reality, efficiency of support process is imperative. In terms of your payroll, this calls for a system that integrates your payroll and other accounting processes into systems that are more in the HR realm, such as talent development and performance appraisal. What is more, if your organisation keeps payrolls in multiple countries, it would be well-advised to consider an integrated approach that syncs up with the outsourcing of other support processes. In that light, you have the option to outsource all your financial processes (FPO) and/or global compliance processes (GO) to us, so that you are free to put your full focus on your core business.
Global portal
BDO has more than 1,600 offices in more than 160 countries. We use our online global portal to coordinate your payroll accounts, making sure that every deadline is met in every country, that you use the right currency and the right language, and that you comply with the local rules and regulations. The portal, which is subject to strict security, also conveniently brings together all your information, serving as your own personal online archive.
What BDO can do for you
We offer :
- Administration of collective labour agreements, wage components, tables and master data.
- A single point of contact in the form of your own personal business adviser.
- Support by a team of specialists, such as employment lawyers, payroll tax specialists and HR consultants.
- Key management information about your workforce via BDO Online Staff, a convenient and easy-to-use platform.
- A single app for practical HR tools, such as modules for absenteeism and leave requests.
More about payroll outsourcing
To find out more about how BDO can help, please feel free to contact one of our specialists for an informal chat or find more information in this factsheet.