Key Takeaways from the 2021 Gartner® Market Guide for Multicountry Payroll Solutions

Gartner recently published the 2021 Gartner® Market Guide for Multicountry Payroll Solutions and Immedis is thrilled to be recognized as a representative vendor in the report. More about that in a moment. First, I’d like to delve into a number of key takeaways that might be of interest to payroll professionals, their teams, and organizations.

Gartner opens the report with the statement that "Multicountry payroll transformation projects have received significant investment over the last year to facilitate post-pandemic recovery and support hybrid work scenarios. Application leaders should streamline their payroll delivery model to achieve compliance, efficiency, and optimal EX."

Immedis has seen this high demand evidenced by the hyper-growth we’ve experienced almost from our inception and still continuing today, much of it driven by a need for organizations to streamline outmoded payroll delivery models. A founding principle of the Immedis Platform is to reimagine how global payroll is managed, executed, and delivered by introducing automation across a significant percentage of the payroll inputs, validating this data as it is entered pre-processing, and then automating the downstream delivery. This eliminates the need for time-consuming manual uploads and file exchanges typical of legacy payroll solutions. As a result, organizations are able to accelerate pay cycles and increase accuracy while ensuring compliance – what we call "The Immedis Effect." Most importantly, organizations get the most crucial aspect of the employee experience right by ensuring each employee gets the right pay at the right time every time, no matter where they are in the world.

When you read the report, you’ll be able to see how Gartner delves deeper into recommendations for organizations to consider when selecting a provider for global payroll operations. One key recommendation is the importance of adopting a unified global payroll strategy to reduce statutory compliance risks. This requires vigilance and expertise in understanding, tracking, and managing constantly shifting regulatory changes. Automation across payroll processes to improve payroll accuracy and deliver greater efficiencies and cost savings is called out frequently throughout the report. Organizations can also find helpful recommendations from Gartner to improve the employee experience by introducing employee self-service functionality into payroll operations.

Immedis and the Gartner report

Specific to Immedis, we’ve been recognized in Gartner’s profile of the Immedis Platform for capabilities in complete payroll cycle management, advanced reporting, real-time data analytics, and HCM integration. Gartner also notes recent innovations Immedis has introduced.

Immedis continues to drive innovation in global payroll to align with the current and future global payroll needs of organizations. You can learn more about many of these customer-driven innovations on this blog and by perusing the News section of our website – innovations such as Perpetual Validation, Immedis CSI (Country Specific Information), Employee Self Service, and much more.

We’re especially excited about the Customer Portal Control Center included in our latest Immedis Platform release. In July, we launched Immedis Pay, an automated solution for organizations to manage cross-border payments to their beneficiaries, including employees, tax authorities, and statutory third parties.

Which brings me back to the Gartner report. You’ll find lots of interesting industry insights and market analysis that you can compare to your own experiences in the payroll industry. The industry is evolving at a rapid pace. No one view can encompass all of it or be 100 percent accurate, but it’s valuable to explore a variety of viewpoints to see what’s happening now and to try and gauge where we’re headed. We’ve made the report available so take a look at the Gartner Market Guide for Multicountry Payroll Solutions 2021 and let us know what you think.