Home > News > Top Stories > Payslip Harnesses AI to Revolutionize Global Payroll Management

Compensation Management, Payroll

Payslip Harnesses AI to Revolutionize Global Payroll Management

Payslip, a pioneer of the Global Payroll Control Platform, proudly announces a groundbreaking advancement in global payroll management, leveraging the power of Artificial Intelligence (AI) to drive efficiency and accuracy. With its state-of-the-art AI-driven platform, Payslip is set to transform how businesses worldwide manage their complex payroll operations.

Global payroll management presents multifaceted challenges, with diverse regulations, and reporting requirements across multiple countries. In response to these complexities, Payslip has developed an innovative AI-driven solution that streamlines the entire payroll process, ensuring a seamless and efficient experience for Multinational businesses.

Key Features of Payslip's AI-Driven Global Payroll Solution:

Intelligent Automation: By harnessing advanced AI algorithms, Payslip automates manual tasks, such as data entry and compliance checks. This leads to a substantial reduction in errors and frees up valuable time for payroll teams to focus on strategic initiatives.
Real-Time Insights: With Payslip's AI-powered platform, businesses gain real-time visibility into their global payroll data. Comprehensive analytics and customizable reports empower decision-makers to make data-driven choices, enhancing efficiency and productivity.
Automated Payroll Reconciliation: Harnessing the power of advanced AI automation with state-of-the-art algorithms and intelligent rule systems at its core, the Payslip Payroll Reconciliation Solution proactively identifies inconsistencies and flags potential discrepancies, delivering real-time results. This groundbreaking solution provides an unparalleled level of accuracy and precision, ensuring that employee salary, taxes, deductions, and benefits are calculated and recorded. The solution effortlessly compares data from local providers with the source data calculation files, instantly detecting and highlighting variances for prompt investigation and resolution by global payroll professionals.
Seamless Integrations: The AI-powered platform seamlessly integrates with existing HRIS, ERP, Finance systems, payroll vendors, and payroll engines This integration eliminates the need for complex data transfers, imports data from any file format or source automating pre-payroll data processing removing manual work, ensuring a smooth transition and minimal disruptions to daily operations.

Fidelma McGuirk, Founder & CEO of Payslip.com, expressed her excitement about this transformative development, stating, "Our commitment to providing the best global payroll technology has led us to explore cutting-edge automations. The incorporation of AI in our global payroll platform marks a pivotal moment in simplifying payroll management for businesses around the world. We firmly believe that this advancement will empower organizations to achieve unparalleled efficiency and accuracy in their payroll operations."

Payslip's AI-driven global payroll solution signifies the company's dedication to delivering innovative and comprehensive global payroll solutions. As the world embraces digital transformation, Payslip stands at the forefront, empowering businesses to thrive in the new era of intelligent global payroll management.

About Payslip

Payslip is the leading global payroll management platform that empowers multinational organizations to streamline and simplify their payroll processes across multiple countries. At Payslip, we understand the challenges faced by multinational companies in handling diverse payroll systems, tax regulations, and reporting requirements. Our advanced cloud-based platform harnesses the power of AI and integration as a service, enabling seamless data exchange between HR systems, time and attendance systems, and financial systems. By eliminating manual data entry and reducing errors, we enable organizations to achieve greater accuracy and efficiency in their payroll operations.

Spotlight

2023 Executive Survey: The power of mobilizing the boundless workforce

Today’s workforce is boundless: fluid, always on, and borderless. But not all organizations are ready to harness the full potential of this modern workforce – even though it could help save time, money, and top talent. Ceridian’s 2023 Execuve Survey reveals that leaders are still grappling with pandemic workforce challenges whil

More featured news

Spotlight

2023 Executive Survey: The power of mobilizing the boundless workforce

Related News

Workforce Management

Workday Shapes How the Future Works With New AI and ML Capabilities

PR Newswire | September 29, 2023

Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced at Workday Rising, the company's annual customer conference, a series of new AI and ML capabilities and partner ecosystem updates to help businesses drive productivity, streamline business processes, empower their people, and make better decisions. "More than 10,000 organizations around the world rely on Workday to manage their most valuable assets – their people and their money," said Carl Eschenbach, co-CEO, Workday. "They trust Workday to provide powerful, responsible, transparent solutions that will propel their businesses forward. Today, we're reinforcing that trust by sharing cutting-edge solutions that will completely transform the way our customers do business. With the power of AI and ML and an ecosystem of industry-leading partners, we are writing the playbook for the way the future works." Workday AI Capabilities to Drive Efficiency and Enhance Employee Experiences Workday's leadership in AI is set apart by the company's platform strategy, unrivaled dataset, and commitment to delivering responsible and trustworthy solutions. AI is embedded in the core of the Workday platform, enabling the company to rapidly deliver cutting-edge solutions to customers across all applications. Workday AI models are fueled by more than 625 billion transactions processed by the system every year – resulting in the world's largest, cleanest set of financial and HR data. Workday's unrivaled dataset, together with the company's responsible AI safeguards, allow for consistently accurate, meaningful, trustworthy results. Leveraging the speed and reach of its platform approach, the company unveiled multiple new AI solutions, including: Generative AI capabilities to address common business challenges such as generating job descriptions, knowledge base articles, employee growth plans, and statements of work, and contract analysis and corrections. The Workday AI Marketplace to help customers easily find and deploy proven, trustworthy, and responsible AI and ML apps within the Workday ecosystem. Workday AI Gateway within Workday Extend to enable developers to build intelligent and responsible apps using Workday AI. "Workday is the technical backbone that brings our finance, HR, and operational data together in one place to help us manage our people and effectively run our business," said Art Kilmer, chief operating officer, P.F. Chang's China Bistro. "The AI embedded into the Workday platform helps augment our people so we can move faster, make more strategic decisions, and deliver operational efficiencies across our entire business, ultimately enabling us to better serve our customers." New Tools to Help Businesses Better Manage Their Most Valuable Assets: Their People and Money Finance and HR professionals need real-time access to data and information to make faster decisions and better manage their people and money. To help them deliver on these needs, Workday is unveiling new capabilities, including: Generative AI capabilities in Workday Adaptive Planning for a streamlined user experience, and new features to help drive collaboration across finance and HR, streamline headcount planning, reconcile and report faster, and deliver increased transparency to business stakeholders. Manager Insights Hub, a new solution within Workday Human Capital Management (HCM) that delivers a simplified and elevated manager experience powered by AI. A new User Success Platform, which includes new tools that give employees real-time, contextual guidance on how to complete complex tasks right within their workflow. Workday Rising is celebrating its 15th year and taking place in San Francisco through Friday, September 29. Workday Rising EMEA will take place in Barcelona from November 14-16.

Employee Engagement

EY and IBM Unveils AI Solution to Boost HR Productivity and Efficiency

IBM | October 11, 2023

EY.ai Workforce, driven by IBM Watson Orchestrate, leverages AI to automate HR tasks and processes, leading to transformative operational enhancements. The company merges the power of AI and automation from IBM Watson Orchestrate with EY organization's expertise in HR transformation. The collaboration facilitates innovative enhancements in HR processes for organizations. EY and IBM has announced the launch of EY.ai Workforce, a cutting-edge HR solution that assists organizations to seamlessly integrate artificial intelligence (AI) into vital HR processes. This development signifies a significant milestone in the ongoing collaboration between the two companies, showcasing the pivotal role of AI in enhancing productivity within HR functions. EY.ai Workforce integrates IBM Watson Orchestrate's AI and automation capabilities with EY's HR transformation expertise. This ensures organizations receive customized solutions designed to enhance HR processes. With EY's deep understanding of businesses, tailored solutions are deployed to streamline employees' work using AI assistance. EY Global Managing Partner – Client Service, Andy Baldwin, said, This EY and IBM collaboration could not have come at a better time. The contemporary workplace is evolving rapidly and there is a pressing requirement for streamlined operations. EY.ai Workforce reimagines ways of working by enabling businesses to make the most of their talent, putting humans at the center of technology to bring an improved work experience with superior productivity. [Source – Cision PR Newswire] Ph.D., Senior Vice President, Product Management and Growth at IBM Software, Kareem Yusuf, mentioned: At IBM, we are focused on creating enterprise solutions that use artificial intelligence to address specific business use cases. Building on our longstanding collaboration with the EY organization, the introduction of EY.ai Workforce will provide clients with targeted intelligent automation solutions that help them to use the power of artificial intelligence to unlock productivity and address real business requirements and outcomes. This is another strategic step in our alliance with the EY organization. [Source – Cision PR Newswire] Packaging automation into individual tasks, watsonx Orchestrate simplifies complex tasks by breaking them down into individual steps. From drafting job descriptions to extracting payroll reports, this system guides employees through common processes. Its user-friendly natural language interface ensures easy access for all employees, allowing them to save time and concentrate on more valuable tasks. EY and IBM merge business ingenuity with hybrid cloud and AI technology to assist in the resolution of the world's most complex business, social, and environmental issues. The partnership supports functional areas such as human resources, M&A, sustainability, risk and compliance, asset management, and supply chain to assist clients with hybrid cloud-enabled business and workforce transformations.

Payroll

Sage Intacct Payroll powered by ADP launches in Canada

GlobeNewswire | October 18, 2023

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), has launched Sage Intacct Payroll in partnership with ADP Canada. The solution has been available in the US market since June 2022. Sage Intacct Payroll powered by ADP offers payroll and HR functionalities to help medium businesses work smarter as they scale and grow. It is the only market-leading payroll solution that works seamlessly with Sage Intacct, the cloud financial management platform. With Sage Intacct Payroll, businesses can improve employee engagement, reduce errors and leverage insights with an integrated, all-in-one solution for all their accounting, payroll and HR needs. Self-service capabilities and a top-rated mobile experience help deliver a user-friendly experience for employees. Launching Sage Intacct Payroll in Canada is a significant milestone for Sage, as it doubles down on our ambition of being the trusted network for growing and scaling medium businesses, said Mark Hickman, Managing Director of Sage in Canada. Sage Intacct Payroll allows businesses to streamline payroll processes through a secure and scalable system that helps them spend less time on admin and more time focused on business growth. “I serve as both Finance and HR director, so am always looking for ways to automate and streamline tasks to give me more time to focus on HR initiatives and accounting analysis,” said Angela Biermann, Director of Finance & HR for Nextmune US LLC. “Sage Intacct Payroll is a huge time saver for me, and it fills that ideal sweet spot – the payroll power of ADP fully integrated with Sage Intacct,” she concluded. The first-of-its-kind platform enables increased collaboration and efficiency between accounting, HR and payroll teams, while bringing significant time and cost savings to businesses. “ADP is proud to partner with Sage to provide Sage Intacct Payroll to Canadian businesses,” said Holger Kormann, President, ADP Canada. “As businesses look to revolutionize how they work, including their accounting, HR and payroll systems, this solution will provide teams and people with the right tools and insights to help them achieve more than they ever thought possible.” With Sage Intacct Payroll, businesses can benefit from: Powerful Integration – Seamlessly integrated with Sage Intacct, enabling analytics that include payroll and people data. Scalability – Manage the entire payroll process from anywhere, anytime, with the best-in class payroll and HR solution. Fully expandable to meet a range of business needs including Benefits Administration, HR Management, Recruiting and more. Simplicity – Streamline administration with a single vendor for accounting, planning, payroll, and HR Management with one easy-to-understand bill. Security – Feel confident with strong encryption and state-of-the-art security delivering multi-level protection of company data.