Payroll | How Technology Can Benefit Your Compensation Collection Process

In every global business, the process of compensation collection is an important one.

A flawless compensation collection process ensures that the business remains tax compliant and reduces employee frustration, errors, and missed data. But what happens when the process becomes less-than-perfect? That’s where technology steps in.

A quick refresher on compensation collection

Compensation collection refers to the collection of all monies paid to, and on behalf of, an assignee. This includes payments made by a third-party vendor on behalf of an employee, assignment allowances, global ex-pat payroll, locally paid items that are processed through accounting/finance (both cash and non-cash items), and more.