One payroll platform for all countries and employees that seamlessly integrates with existing HRIS and expense management software

Oyster, the global employment solution to employ, pay, and care for distributed teams, announced that its Global Payroll product is now available in 24 countries. Now, organizations with multi-country teams can use one platform to quickly and compliantly run payroll operations within their existing HR tech stack and across all employment modalities—employees, contractors, or Employer of Record (EOR) team members. With Oyster’s Global Payroll, HR teams get simple, automated workflows to deliver on-time and accurate payments, alongside the trusted knowledge and support from Oyster’s payroll experts around the world.

“Running global payroll in-house simply isn’t scalable. It’s incredibly difficult to keep up with various regulations and reporting requirements, and a hassle to manage different platforms and approval workflows. The risks of getting payroll wrong are far too great, impacting everything from employee satisfaction to the bottom line”

Payroll is a critical function for maintaining compliance and employee satisfaction at every organization—especially for those running payroll in multiple locations, currencies, and cycles. What’s more, using different payroll solutions for each country or modality is costly, and compounds the effort and cognitive load on HR as they navigate dissimilar and often disjointed interfaces and workflows. Oyster’s Global Payroll eliminates these manual processes and complexities, ensuring teams are paid compliantly and with accurate deductions and tax calculations, even when laws change.

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“Running global payroll in-house simply isn’t scalable. It’s incredibly difficult to keep up with various regulations and reporting requirements, and a hassle to manage different platforms and approval workflows. The risks of getting payroll wrong are far too great, impacting everything from employee satisfaction to the bottom line,” said Oyster COO, Mark Frein. “Instead of a piecemeal approach of platforms and providers, Oyster’s Global Payroll solution delivers a best-of-breed experience through a single software solution.”

One Platform to Pay All Team Members

To automate the entire global employment experience across 180+ countries, Oyster built a fully compliant infrastructure with the most in-depth local HR intelligence on the market, along with a robust, specialized team of experts on all related matters. Today, more than 1,500 organizations trust Oyster to hire, pay, reward, and manage their distributed teams.

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By paying global employees through Oyster, businesses unlock the same level of strategic support and compliance knowledge they need to run global payroll efficiently:

• Use one platform to run global payroll: Whether employees, contractors, or EOR team members, run global payroll operations using a single platform.
• Track, change, and approve payroll in minutes: Instantly view payroll runs, make changes, approve payments, and track progress with a simple workflow.
• Pay global teams accurately and compliantly: Ensure teams are paid compliantly and with accurate deductions and tax calculations, even when laws change.
• Integrate payroll workflows with existing HRIS: Effortlessly sync company payroll data and workflows with HRIS and expense management software.
• Payroll specialists whenever you need them: Receive around-the-clock support from Oyster’s global payroll experts.

Oyster’s Global Payroll is available today in Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Czech Republic, Finland, France, Germany, Greece, Hungary, India, Italy, Ireland, Japan, Netherlands, Poland, Portugal, Serbia, Singapore, South Africa, Spain, Switzerland, and the United Kingdom, with plans for the U.S., Sweden, Australia, Denmark, Turkey and Romania to be live before end of year.

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Source – Businesswire

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