IRIS Software Group and Western Union Business Solutions has teamed up to provide simplified global payroll and payment solutions worldwide.
This international partnership will span five years as it aims to meet growing demand for international cross-border currency payments and payroll, particularly for organizations with a global workforce.
The demand for for more integrated payroll solutions is increasing every day, as the current payroll solutions can not handle all the payroll demands. This partnership will bring about a more integrated payroll solution that will not only handle salaries but covers HR, finance and other vital business operations on global scale.
IRIS will combine its specialist skills in payroll, payments, benefits and HR solutions with Western Union Solutions that handles the logistic involved in sending, managing and receiving international payments.
IRIS FMP is already well-versed in covering international payroll, payments, benefits and HR solutions, with the company claiming approximately 20% of the UK’s workforce is paid by its payroll offerings, while 90% of the global workforce is covered by IRIS HR and payroll solutions.
Also, Western Union Business Solution claims similar high global coverage, with a presence in about 200 countries and territories around the world.
David Munn, Director of International Payroll Services for IRIS FMP says “Working with a trusted partner brings swathes of security for customers, as both parties understand the challenges of global payroll and payments in both mature and emerging international markets.”
By combining the expertise of the two companies, the partnership aims to allow payroll managers and accountants to calculate and process employee salaries more efficiently. It means, the ability of Western Union to get money to the right destination should ensure that employees are paid on time and correctly, even when it involves multi-currency transaction.
Frederic Simon, Regional Vice President Europe at Wester union Business Solutions added “Globalisation, increased legislation, and the acceleration of digital technology are propelling multinational and global organisations to reimagine their payroll operations.”
“They need to ensure they can pay international employees on time, in the right currency, with confidence and ease has become table stakes. Our collaborative partnership with IRIS FMP, will help provide an end-to-end enhanced value proposition and strengthen our commitment to accommodate the payroll and payments needs for global organisations.”
With this partnership, companies around the world should be able to make payments without any hassle.
Nathaniel is a tech enthusiast and a passionate blogger. He writes tech blogs and reviews products. He is also a teacher who loves designing stuff on PowerPoint, Photoshop and creating videos and product images on Blender software