HR Payroll processing services include the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. The spend momentum of this category is attributed to the increasing demand for cloud-based payroll solutions which are flexible, require shorter time for implementation, and are cost-effective to use.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global HR Payroll Processing Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global HR Payroll Processing Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global HR Payroll Processing Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global HR Payroll Processing Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Rapid growth of multi-country payroll processing market
Category management strategy
- Outsourcing of HR payroll processing services to achieve up to 20% cost savings
Procurement best practices
- Ensuring participation and collaboration of cross-functional teams
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report.
Table of Contents
PART 01: Executive Summary
PART 02: Market Insights
PART 03: Category Pricing Insights
PART 04: Cost-Saving Opportunities
PART 05: Best Practices
PART 05: Best Practices
PART 07: Category Management Strategy
PART 08: Category Management Enablers
PART 09: Suppliers Selection
PART 10: Suppliers Under Coverage
PART 11: US Market Insights
PART 12: Category Definition
PART 13: Appendix
List of Exhibits:
Executive Summary
The following companies are recognised as the key suppliers in the Global HR payroll processing services Category - Procurement Market Intelligence Report: Paychex, ADP, Conduent, Intuit, Aon, SD Worx.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with service providers that use cloud-based payroll software to obtain accurate payroll services in a cost-effective and timely manner.”
According to the report, one of the key growth contributors for the global HR payroll processing services market is the rapid adoption of cloud-based payroll solutions that are flexible, require shorter implementation time, and other characteristic benefits.
Further, the report states that one of the key category management strategies for the buyers in the global HR payroll processing services market is to obtain supply assurance since any delays in the service lead to significant wastage of time.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Paychex
- ADP
- Conduent
- Intuit
- Aon
- SD Worx.
Methodology
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