Key Takeaways:
- UKG’s acquisition of Immedis revolutionizes the global payroll landscape, creating a singular, AI-powered experience for businesses operating in multiple countries.
- The launch of UKG One View, a groundbreaking multi-country payroll solution, is set to enhance the traditionally cumbersome global payroll model.
- The unified platform promises to minimize disruptions, accelerate time-to-value, and ensure a consistent and user-friendly experience for employees, regardless of their location.
UKG Acquires Immedis: Shaping the Future of Global Payroll
In a transformative move for the HR and payroll industry, UKG, a leading provider of HR, payroll, and workforce management solutions, has finalized the acquisition of Immedis, a top-tier global payroll provider. This merger has given birth to a remarkable innovation – UKG One View. This unique solution aspires to breathe fresh air into the traditionally fragmented, costly, and cumbersome process of managing multi-country payroll.
Pioneering a Unified Payroll Experience
The newly launched UKG One View is a testament to the collaboration between UKG and Immedis. With an impressive support for more than 160 countries and 120 currencies, the solution aims to deliver a singular, AI-powered, schedule to fund experience, providing multinational clients with real-time payroll insights for all their employees, regardless of their location or local payroll provider.
The solution features a hybrid deployment model, which can be rolled out within weeks, allowing businesses to integrate their diverse in-country payroll technology and services. This integration promises to minimize disruptions and hasten the time-to-value while providing uniform workflow control across countries, simplifying benchmarking, and enhancing accountability of in-country providers.
A Revolution in Employee Experience
Furthermore, UKG One View is set to revolutionize the employee experience with an all-in-one intuitive application that supports over 20 languages across 160 countries. The platform ensures globally compliant pay slips and instills confidence in employees that they are being paid fairly and accurately.
Shawnine Eaglin CPP, Director of Global Payroll at Ultragenyx Pharmaceutical, expressed excitement over the merger, hailing the resulting technology and experiences as being “beyond our imagination.”
Setting the Pace for Global HR and Payroll
With this move, UKG surges ahead in an HCM marketplace that is grappling with the complexities of multi-country operations. According to Pete A. Tiliakos, Principal Analyst at GxT Advisors, UKG provides the perfect environment for Immedis and its subject matter experts to continue developing a truly modern, technology-enabled global payroll experience.
UKG One View promises to help multinational organizations reduce costs, minimize processing time, and mitigate compliance risks. Evelyn McMullen, Research Manager at Nucleus Research, anticipates that the solution will strengthen UKG’s competitive position from workforce management to a highly compelling global time and pay offering.
Moving Forward with Confidence
The union of UKG and Immedis ushers in a new era in global payroll management. Richard Limpkin, the co-founder of Immedis who now serves as Vice President of Multi-country Payroll Solutions at UKG, asserts that this unique approach will dramatically transform the unsatisfactory experience that many internationally operating employees currently endure.
Chris Todd, CEO at UKG, emphasized that the launch of UKG One View exemplifies the company’s commitment to delivering technology-led experiences that benefit all people, tackling complex business challenges and paving the way for the creation of excellent workplaces.
Founded in 2016, Immedis is headquartered in Ireland, with nearly 400 employees located in Bulgaria, France, Germany, the UK, and the US. With the acquisition completed as of July 1, 2023, UKG is undoubtedly on track to create a new standard for multi-country payroll, reshaping how businesses pay people around the world.
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