Case Study
OFX Case Study
The Business:
OFX is an Australian international money services provider based in Sydney, Australia. They are an ASX listed company and have over 400 staff. To date, OFX have helped over 1 million clients worldwide and have transferred over AU$150 billion. Current offices are located in London, Sydney, Auckland, Hong Kong, Singapore, Toronto, San Francisco and Dublin.
The Challenges:
Prior to engaging activpayroll, OFX utilised three different payroll providers for all of their countries of operation, however, in some locations even though the provider was the same, a different system was used which resulted in time-consuming management of multiple payrolls, systems and login credentials. This unstructured approach brought significant inefficiencies including annual leave which was difficult to record or track properly, along with multiple payroll processes. At this point, OFX understood they needed one system for their truly international presence which they could trust and rely on. Activpayroll was designated as the new global payroll provider.
Our Solutions:
For over two years now, OFX have been using activpayroll for their global payroll needs. The service provides OFX with an oversight of their payroll processes, global reporting and an understanding of the complexities involved in each country’s payroll legislation and upcoming changes. OFX make full use of the relationship management offered in each region and rely on activpayroll’s assistance in helping them move and grow into new countries seamlessly. Activpayroll’s ability to provide an integration with BambooHR, OFX’s HR Software-as-a-Service of choice and also offer bespoke global mobility solutions and employment tax advice when required both prove to be value-added services.
Results:
Working with activpayroll has given OFX the international system they longed for, which ensures compliant and efficient payroll delivery globally. The implementation proved effective, with a dedicated team sharing knowledge and advice at all times thus allowing the payroll to be successfully established, with employees receiving payments accurately and on time.
We selected activpayroll because they gave us a sense of comfort that our payroll was going to be compliant globally. Having relationship managers in each of our regions so we have someone we can call to receive updates or discuss issues is another winning point. With activpayroll, we feel well looked after, their knowledge and guidance during the implementation phase gave us a huge sense of comfort and it was a positive process to go through. On pay-day, I rest assured that our employees are paid accurately and on time worldwide. We now have a system that works for the world and that ensures global compliance!
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