Forvis Mazars global payroll review – Services, prices and features explained

As businesses increasingly operate across borders, managing payroll can become a complex and time-consuming task. Forvis Mazars, a global professional services firm, offers a robust global payroll solution designed to simplify this process, ensuring compliance with local laws and regulations while providing a consistent experience across multiple countries. In this review, we will delve into the key services, pricing structure, and notable features of Forvis Mazars global payroll offering, giving businesses an insight into how it could benefit their operations.

Review of services offered by Forvis Mazars global payroll

Forvis Mazars provides a comprehensive suite of payroll services, focusing on the seamless integration of payroll processes across multiple jurisdictions. Their global payroll solution, powered by the proprietary platform PayWorld, offers end-to-end payroll management. Key services include:

• Global payroll processing: Forvis Mazars handles core payroll processing, ensuring that payments are accurate, timely, and compliant with local legislation.
• HR and payroll integration: Businesses can integrate their HR systems with Forvis Mazars’ payroll platform, streamlining the process of data exchange and reducing the potential for errors.
• Multi-country payroll: Forvis Mazars’ expertise allows companies to manage payroll across different countries with ease, ensuring that local regulations are adhered to in each region.
• Advisory services: In addition to handling payroll, Forvis Mazars offers advisory services to help businesses navigate complex payroll regulations, tax implications, and labour laws.

Key features

Forvis Mazars’ global payroll solution is built around several key features designed to enhance efficiency and compliance. Some of the standout features include:

• Centralised platform (PayWorld): Forvis Mazars’ PayWorld platform acts as a central hub for managing payroll operations across multiple regions, offering businesses a single point of access for all payroll data. This helps reduce administrative complexity and provides real-time reporting and analytics.
• Local compliance: Ensuring payroll compliance in multiple countries can be a challenging task. Forvis Mazars takes this burden off businesses by providing expertise in local tax laws, social contributions, and employment regulations. Their payroll experts keep up to date with changes in legislation, ensuring full compliance at all times.
• Employee self-service: Employees can access their payroll information through a secure portal, allowing them to view payslips, tax information, and other important documents without having to rely on HR departments for this information.
• Scalability: Forvis Mazars’ solution is designed to be scalable, making it suitable for companies of all sizes, from SMEs to large multinational enterprises. The service can grow with a business as it expands into new markets, ensuring that payroll operations remain consistent and compliant.

Forvis Mazars pricing structure review

Forvis Mazars adopts a flexible pricing model that is tailored to the specific needs of each business. Pricing can depend on several factors, such as the number of employees, the number of countries where payroll services are required, and the level of integration and customisation needed. As a result, businesses can expect prices to vary significantly based on their unique requirements.

Although Forvis Mazars does not provide a fixed pricing structure on its website, their approach typically involves custom quotations based on an initial consultation. This allows companies to tailor the service to their needs, ensuring they only pay for what they require. This flexible model is particularly beneficial for businesses with fluctuating or seasonal workforces, as they can scale up or down as needed.

Benefits for UK businesses

For UK-based businesses, Forvis Mazars offers several advantages, particularly for those looking to expand internationally. Some key benefits include:

• Consistency across borders: UK businesses operating in multiple countries can achieve consistency in their payroll operations, reducing the risk of errors or non-compliance in different jurisdictions.
• Compliance assurance: With Forvis Mazars’ in-depth understanding of local labour laws, businesses can feel confident that their payroll practices meet all legal and regulatory requirements.
• Efficiency improvements: The ability to centralise and automate payroll tasks leads to time and cost savings, as well as reducing the administrative burden on HR teams.

Forvis Mazars also offers specific support for UK companies navigating post-Brexit employment challenges, particularly for businesses with European-based employees.

Final thoughts – Forvis Mazars review

Forvis Mazars’ global payroll services offer a solid solution for businesses of all sizes looking to streamline their payroll operations across multiple regions.

With a strong focus on compliance, scalability, and integration, their offering is well-suited for companies with an international workforce.

While pricing is customised based on individual business needs, the flexibility and potential cost savings make Forvis Mazars’ global payroll solution a competitive option in the market.

For UK businesses expanding globally, Forvis Mazars provides peace of mind by ensuring that payroll is managed efficiently and in full compliance with local laws, making it a valuable partner in managing a global workforce.

FAQ – Forvis Mazars global payroll review