Submit An Inquiry

Global Payroll Resources

CloudPay Introduces The Payroll Efficiency Index

Apr 29, 2019 

New report and KPIs provide multi-national companies with powerful data to benchmark and improve payroll processes across 130+ countries.

NEW YORK & LONDON - APRIL 29, 2019 - Global payroll provider CloudPay just released the industry’s first Payroll Efficiency Index in a move to transform how payroll practitioners worldwide measure and optimize their company’s payroll processes.

Working from the premise that established payroll KPIs, monthly SLAs, don’t provide insight required for substantive improvement, the Payroll Efficiency Index (PEI) introduces previously unavailable global benchmarking data for five process-focused KPIs, identified for their ability to help organizations improve payroll operations. The report capitalizes on CloudPay’s unique ability to collect and report granular information about the payroll process in over 130 countries. 

“Our unified platform gives our customers unparalleled visibility into payroll processing. We regularly analyze that data and present it to our customers to help them reduce manual processes, improve data integrity, and reduce the cost of managing payroll,” said Paul Bartlett, CEO of CloudPay. “With the Payroll Efficiency Index, we’ve taken some of the data we use to help our customers and made it available to the entire industry - because our passion and mission is to provide tools that elevate the role of payroll professionals and their function.”

The newly published PEI provides anonymized data from 2500 multinational entities for the following efficiency KPIs: first-time approvals, data input issues, issues per 1K payslips, payroll calendar length, and supplemental impact. In addition to providing global averages for each for the five KPIs, data in the PEI report shows averages by region, country and payroll size. For the first time, companies can benchmark their own payroll performance against this anonymized data to see how they compare to companies of similar size, operating across the same countries. 

The first issue of the Payroll Efficiency Index, which focuses on the entire globe, includes data from over one million payslips across 92 countries, and is available for download on payrollefficiencyindex.com. The global payroll provider plans to publish updated benchmarks every year, and provide more in-depth region-specific PEI reports each quarter. 

PEI_Global2019_WebAdCTA

About CloudPay

CloudPay provides managed global payroll services to multinational organizations through a single, unified SaaS solution. By delivering end-to-end managed payroll services through an innovative platform, CloudPay ensures consistent and compliant payroll around the globe while reducing operating costs and minimizing manual processes. The CloudPay solution is backed by deep industry expertise earned over twenty-plus years delivering services to over 2,500 multinational entities. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages. For more information visit cloudpay.net.


Recent Articles

3 Ways Payroll Can Promote Financial Wellness

The negative impact of stress on employee productivity and engagement is a well-documented reality. As employers try to

Payroll Country Spotlight: 7 Key Facts About Payroll in the Philippines

As part of our continuing effort to help payroll professionals everywhere address the complexity of global payroll,

Payroll Insights from the World's Happiest Countries

The idea that happy employees perform better at work and are more likely to be satisfied with their job is nothing new.

Introducing the Payroll Efficiency Index

To develop and maintain a competitive edge in today’s economy, multinational companies must explore every opportunity

Taking Payroll Transparency Global

As the largest cost center for most businesses and an increasingly key strategic driver, the payroll function ranks


About CloudPay

 
next generation payroll analytics

Next Generation Global Payroll Analytics: Your journey to building process transparency and making payroll a catalyst for improved business performance.

global payroll implementation

Global Payroll Implementation: A comprehensive guide to building a business case, selecting a solution and successfully deploying global payroll.

building a business case for global payroll

Building a Business Case for a Global Payroll Solution: Learn how to build a benefits-driven business case for a change in global payroll.

Unlock the
Possibility in
Your Payroll

Whether you manage payroll in five countries or 50, you need a global solution that ensures compliance beyond borders and insights that will move your company forward.

Contact Us Today
SIGN UP FOR OUR NEWSLETTER