A New Standard for Payroll KPIs Payroll Efficiency Index

Identify and monitor the global payroll efficiency metrics that will make a significant difference to your entire organization

Benchmark The Efficiency of Your Global Payroll Processes

The benchmarks and metrics presented in the Payroll Efficiency Index enable companies to approach their payroll functions with the same attention given to other aspects of enterprise operations, namely, with goals for process optimization, workflow integration, better resource management, and cost reduction.

Through its unified end-to-end global payroll processing platform, CloudPay can identify, measure, and monitor the efficiency metrics that make a difference to payroll performance. For the first time, payroll professionals can see key performance indicators across every country and use them for continuous process improvement.

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5 Metrics for Global Payroll Efficiency

The Payroll Efficiency Index analyzes five core performance metrics to provide a comprehensive view into the global payroll process for multinational organizations.

  1. First-Time Approvals: Percentage of gross-to-net calculations approved upon initial review
  2. Data Input Issues: Percentage of errors caused by input of incorrect or incomplete employee payroll data
  3. Issues Per 1K Payslips: Issues identified in data input, data output, and new data for every 1,000 payslips processed
  4. Payroll Calendar Length: Number of days required to complete payroll processing from lock to approval
  5. Supplemental Impact: Percentage of payroll runs completed as supplemental runs, instead of main runs
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Podcast - Measuring Performance

 

GLOBAL PAYROLL PODCAST

In a two-part panel discussion, we examine how organizations and vendors measure the payroll process today and how they can improve the way they measure payroll going forward.

LISTEN NOW

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Our Global Customers

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intuit

"With CloudPay, Visa introduced an automated and efficient end-to-end process from information upload through, to employees pay with few manual interventions. This process is less error prone, fully auditable and most importantly accurate."

European Payroll Manager
VISA

"I'm very impressed by the payroll system and the service CloudPay provides our team. We are processing payroll far quicker than with our previous provider and this is allowing us more time for review and analysis."

Finance Director
THE TRADE DESK

"Colleagues always ask me if I would recommend CloudPay as the single vendor for all of their global payroll needs, and I tell them, Absolutely! I would not have deployed their global payroll platform and service in over 70 countries if I didn't."

Director of Global Payroll
AMERICAN BUREAU OF SHIPPING