LONDON, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Immedis, the fastest growing global-payroll technology company, has developed a unique platform to simplify and overcome the complex challenges faced by multinational organisations.
In a two-part exclusive interview, the company’s representatives Barry Flanagan and Patricia Khalifa Butler speak to World Finance at the London Stock Exchange about the numerous advantages of its new system, iConnect, which helps organisations tackle the increasingly complicated arena of global tax and payroll requirements.
Some of the biggest challenges include fragmented reporting systems, keeping track of local tax legislations in multiple countries and overcoming manual, repetitive tasks that can be prone to human error.
The iConnect platform can help companies overcome these areas through a number of ways, one of which being its Robotic Process Automation (RPA). This conducts repetitive, cyclical and time-consuming payroll tasks, such as collecting and inputting data, as well as verifying the payroll each month. This action can save organisations up to two days of work.
In addition to this feature, iConnect seamlessly integrates different parts of an organisation’s payroll requirements into one dashboard. There, users of the system can monitor the company’s gross-to-net pay and variance analysis reports, among other features. The platform has been created by a team of highly-qualified tax experts, with global experience of tax and payroll systems. As payroll and tax varies from country to country, their expertise ensures that users of iConnect are compliant with a wealth of different jurisdictions.
Speaking about the product, Khalifa Butler, Global Marketing Director at Immedis, said: “Looking at payroll from a tax perspective to ensure everything remains compliant and each country is adhering to local legislation is what complicates matters. Technology can’t do that alone. Human intervention is needed to make it work.” Flanagan, Global Tax Director, summarised: “A best practice global payroll function is a service led function, enabled by technology with multi-jurisdictional reporting capabilities.’’
To discover this latest interview and what iConnect can do for organisations, go to worldfinance.com.
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