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Vendor News

Industry developments from the global payroll vendor and research community.

ADP Finds Employees Want More Payment Options

The ADP Research Institute has identified a growing demand for new payment options among 4,000 employees and 2,900 employers across 13 countries. According to the Evolution of Pay study released by the institute, 78% of employers surveyed agree that companies will need to customize payment options to remain competitive in the war for talent; while 62% of employees say off-cycle pay options, such as the ability to choose pay frequency, would make a difference when considering a job offer.

“From raises to robust benefits and workplace perks, employers today are using every opportunity to attract and engage talent,” said Ahu Yildirmaz, Co-head of the ADP Research Institute. “However, our research shows raises and benefits are not the only perks employers should consider if they want to remain competitive. Employees are seeking companies that offer access to alternative pay methods and financial wellness offerings when they assess a job offer.”

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TransferMate Announces Strategic Relationship With Wells Fargo

TransferMate, a global cross-border business-to-business payments provider, announced it has built a strategic relationship with Wells Fargo Bank, N.A. to deliver Global Invoice Connect—a platform for U.S.-based international businesses looking for a simpler, more cost-effective solution for receiving payments from their global customers.

Global Invoice Connect provides electronic bill presentment in U.S. dollars or in customers’ local currency. The platform streamlines the receivables process and reduces administrative overhead by automatically matching the payment received to the invoiced amount, thereby eliminating manual reconciliation.

The reach of TransferMate’s worldwide operations helps Wells Fargo to meet the demands of its global business customers.

“With this relationship, TransferMate and Wells Fargo are leading the charge in reducing the friction between borders for international businesses, and those aspiring to expand abroad,” said Terry Clune, Co-founder and CEO of TransferMate. “Global Invoice Connect is a prime example of two innovative financial services companies coming together to deliver a powerful new payments technology that helps businesses stay ahead of the curve in an increasingly fast-paced world.”

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Eversheds Sutherland Streamlines With SuccessFactors

Global legal practice Eversheds Sutherland Ltd. announced it has implemented cloud-based SAP SuccessFactors solution for human capital management (HCM) to help increase efficiency and streamline operations for its international organization offices.

Eversheds Sutherland’s key strategic HR priority is to deliver a consistent and superior employee experience. With SAP SuccessFactors solution as its core HR platform, Eversheds Sutherland has a baseline across its entire international organization—one seamless, intuitive HR solution in the cloud.

“We saw adopting the SAP SuccessFactors solution as an opportunity to better manage and connect our people as we continue to expand our international footprint,” said Neridah Jarrett, Eversheds Sutherland International Head of Transformation. “The intuitive HCM solution has quickly become a part of our employees’ everyday way of working and is helping us streamline and standardize our HR practices in order to deliver a more strategic offering to the business.”

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