Since we began over 15 years ago, CloudPay has been singularly focused on providing multi-national organizations with the tools and technology to enhance the way they compensate their global employee base. This mission has been an ongoing journey, and it will never end. Each year brings new challenges to our clients – such as complying with the rapidly changing regulatory environments of the world – and we remain vigilant, continuing to update our solutions and develop new ones that best meet their needs. Continue reading
As mentioned in the first part of this series, the implementation of the SEPA initiative throughout the European Union will have a significant impact on how employers compensate their employees across the EU by streamlining the cashless payment process. Under this directive, organizations will benefit from paying the same payment transaction fees regardless of whether a payment is to an employee within the company’s own country, or to another SEPA country. Employers also benefit from robust payment instruments, such as SEPA direct debit, which allow them to charge from an account in one SEPA nation for services provided by employees in another country.
Any organization operating in Europe, whether you employ workers or simply conduct business there, will certainly be familiar with the EU’s Single Euro Payments Area (SEPA) initiative. Developed to facilitate the credit transfer process across all 28 member countries of the EU, as well as Iceland, Lichtenstein, Monaco, Norway and Switzerland, the initiative will ensure greater efficiency when making cross-border payments to any of these nations. Continue reading
Our previous blog post introduced the opportunities and challenges of establishing operations in Spain, and some of the difficulties employers will face in conducting payroll successfully in the country. But understanding Spain’s labor legislation and the employer’s responsibility are just the beginning. Also essential is to recognize the more tactical aspects of managing payroll in Spain. Consider the following: Continue reading
While Spain may be well known for its vibrant culture, rich history and beautiful beaches, the country has a lot more to offer, particularly for the expanding multi-national organization. In addition to a highly qualified workforce and relatively low labor costs, the country offers numerous incentives for foreign investment, providing an inviting business environment. Moreover, the county’s strategic geographic location near North Africa and its cultural ties to Latin America make Spain a launching ground for doing business with the growing markets of those regions. Continue reading
As our previous post on payroll in Mexico pointed out, multi-national organizations that seek to expand their business operations to Mexico have much to gain in this country. However, if the company is unable to comply with the country’s strict labor laws and other regulations when conducting payroll, they will be subjected to heavy fines and penalties. That’s why understanding compensation requirements is so integral to the success of any expansion to Mexico. Continue reading
Mexico is much more than a popular vacation spot – the country has also emerged as a prime destination for multi-national organizations looking to expand their global footprint. Offering a large and highly skilled workforce and relatively low labor costs, strong business and cultural ties to the larger Latin American region plus a robust economic outlook, the country should be a top consideration for any company looking to expand internationally.
14th November 2013 16:00 UK (BST)
14th November 2013 11:00 New York (EDT)
14th November 2013 14:00 Brazil (BRST)
As part of our on going growth and expansion, CloudPay just made an investment into new operations and capability in Brazil. When we looked at how to balance the twin arenas of serving global companies active in Brazil as well as Brazil-domiciled multinationals going global, we saw a mix of similar and different needs and expectations. For CloudPay, the challenge was to balance these two arenas – in short, how to be both local and global – and being credible in the two contexts. Continue reading
Once you realize that consolidating, standardizing and integrating payroll across your company (CloudPay calls this ‘global payroll’) is the modern way to manage payroll operations for a multi-national company, the question immediately arises: how do we get there? As I meet each of our incoming new customers and share our model and approach to run a successful CloudPay implementation, they lean in and listen and then always ask us the same question, “So, that’s what you guys do, and that looks great, but what kinds of things should we do?”