International engineering firm consolidates global payroll with Lano

With employees based in 20 different countries, our client relies on in-country service providers to run their payroll, which takes the processing and compliance burden off their shoulders. However, having a different provider for each country creates additional manual work for their central payroll and finance teams. They receive payroll data for each country, but the formats and data points are different from country to country. The cost factors and pay elements listed for each geography differ from provider to provider. Comparing payroll costs for different locations is almost impossible. 

Every time the payroll team needs to compile a report on their global payroll operations, it takes a lot of time and effort to put together the necessary data. This manual data collection has resulted in reporting errors that were only discovered months later. For the engineering company the lack of transparent, reliable payroll data is a major problem as it prevents them from accessing a valuable resource for making well-informed business decisions.

When looking for a suitable global solution, the company soon discovered that Lano’s global payroll solution could be a good fit for their needs. The Lano platform offers all the reporting tools they need. It also provides a comprehensive overview of  global payroll costs and allows for comparisons between countries based on specific criteria such as benefits, employer taxes and more. Plus, with automated data flows and standardized processes, painful manual data handling is a thing of the past. 

Within a month, Lano had all existing payroll providers integrated with their central platform.  If the company further expands in the future, Lano’s payroll solution gives them access to a global network of in-country payroll partners to choose from if they decide to add a new payroll country.