How Neeyamo is making touchless global payroll a reality

Straight Through Processing [STP] is almost a given in the modern day fintech world. Today, money can move from one corner of the world to the other across seven seas in a jiffy - breaking borders, barriers, by leveraging the power of internet and technology. The same can’t be said of multi county payroll.

Currently, the entire global payroll lifecycle, from initiation to post payroll compliance, is a complex labyrinth of manual processes, multiple systems, manual approvals, and exceptions handling that take several days. Not because it’s more complex, not because it lacks standardization, not because it involves vast and diverse non-integrated processes and technological islands, not because legacy systems still form the backbone of the global payroll ecosystem, and not because local rules, statutory norms rule supreme, and not because there are exceptions galore.

Global payroll is far from 100% STP and touchless payroll simply because no one has thought it was possible to challenge and change the status quo. Jump into this session to understand how this status quo is getting challenged and get a glimpse into the future of payroll - the touchless one!