Creating reports that combine payroll and HR data can be a time-consuming task without the right payroll solution. For instance, generating a report on employee salary and rewards might involve collecting information from various systems, spreadsheets, databases, or even emails. In contrast, a comprehensive payroll solution handles all regular reporting for you, and allows you to generate ad-hoc reports with ease.

Additionally, storing all HR and payroll data in a single platform with your outsourcing provider helps your team generate reports based on the most current information, allowing them to make informed decisions quickly. This frees up time that they can then use to focus on improving employee satisfaction and other important HR tasks.

Payroll regulations in the APAC region are complex and constantly changing, making it challenging for even the most experienced HR teams to stay up to date with the regulations of multiple countries. This is made even harder by legacy payroll systems that make it difficult to adjust payroll formulas and data inputs for each country's unique regulations. In this scenario, the benefits of a comprehensive payroll solution are clear.

An overall payroll solution with the right people, systems, and processes minimizes compliance and regulatory risks. This includes having a team of experts who handle payroll compliance for you, as well as using an advanced HRMS software solution that has the capability to easily process multi-country pay runs. By outsourcing payroll to a provider with this level of expertise and technology, you can reduce your exposure to compliance and regulatory risks.