International Payroll Software

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Financial Chain Corporation

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Boundless
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Learn More About International Payroll Software

What is International Payroll Software?

International Payroll Software, also referred to as global or multi-country payroll software is used by international businesses and organizations to manage payroll processing for their global employee and contractor workforces. The software’s compliance features align with the policies, rules, and regulations of each country in which payroll processing takes place. Its global scope provides an integrated view of a company’s international payroll operations.

The software tracks hours, calculates taxes and deductions, generates pay stubs and supports a variety of payment methods. It supports multiple currencies, languages, and up to 180 different countries. It includes payroll tracking, analytics, and reporting by country, region, business unit, and cost center.

International payroll functions can often be found in Human Resource Management, Human Capital Management, and Employer of Record suites. The first two typically offer integrated systems that cover both domestic and international employees within a single interface. In contrast, international payroll provided through an employer of record will often be separate from a companies domestic payroll.

International Payroll Software Features

International Payroll Software includes many of the following features.

  • International payroll processing for employees and contractors
  • Consolidate payroll data from multiple countries and systems
  • Complies with international payroll rules, labor laws, taxes, regulations, and company policies
  • Multi-country, currency, and language support
  • Calculate wages, taxes, deductions
  • Process bonuses and expenses
  • Paystub generation and distribution
  • Multiple payment methods, direct deposit, bank transfer, card, crypto, check
  • Expense and time management tools
  • Automated and custom payroll workflows by country
  • Payroll tracking, analytics, reporting, and dashboards by country, business unit, and cost center
  • Benefit administration
  • Administrative documentation
  • Security, permissions, and data security
  • Integrations with accounting, human resource, and ERP systems
  • Cloud-based, SaaS

International Payroll Software Comparison

Consider the following when purchasing International Payroll Software solutions.

Integrated Solutions: If your organization would benefit from a fully integrated solution, International Payroll Software is offered as part of larger HR (Human Resources) or HCM (Human Capital Management) suites that include recruitment, onboarding, workforce, and benefits management features. If your company already has an HR or HCM system in place and only needs to add an international payroll component, a compatible standalone solution is the way to go.

Use Case: Some solutions support both international employees and contractors, and some only support or specialize in one or the other.

Scale: Vendor solutions are available that scale from small businesses to large enterprises. Others have limits to the number of international workers they can support.

Countries Supported: Depending on the product, this can range from just a handful to over 160 countries supported. Ensure your selection supports payroll processing in all the countries where you do business.

Employer of Record: Some vendor solutions include EOR services which are sometimes necessary for countries where you do not have a local presence yet still wish to hire staff.

Consulting Services: Several International Payroll Software vendors offer international payroll consulting services with their products.

Pricing Information

International Payroll Software pricing is based on the services provided, the number of employees and contractors supported, and the country in which they are located. Prices can range from $20 a month per contractor to $600 a month per full-time employee requiring Employer of Record services. Most vendors require obtaining a price quote.

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Frequently Asked Questions

What does International Payroll Software do?

International Payroll Software manages payroll processing for international companies with a global workforce of full-time employees and/or independent contractors. The software is fully compliant with a country’s labor laws and regulations. Its software supports multiple languages, currencies, and payment methods. Its tracking and reporting features offer a consolidated view of a business’s international payroll operations.

What are the benefits of using International Payroll Software?

International Payroll Software facilitates global workforce expansion while ensuring compliance with local labor, tax laws, and regulations. It streamlines and consolidates payroll operations, lowering administration overhead, and reducing costs. These solutions improve the international employee and contractor experience, increasing job satisfaction.

What are the best International Payroll Software products?

The top rate International Payroll products are

How much does International Payroll Software cost?

The cost of International Payroll Software is driven by the services provided, the number of employees and contractors supported, and the country in which they are located. Prices range from $20 to $600 per staff member. Vendor price quotes are recommended.