Payroll teams lack visibility and transparency, leaving them unable to fulfill their core objective of delivering accurate and timely payroll, which could weaken competitive standing and operational efficiency.

Samarth Kapur, Practice Director at Everest Group, commented: “While our research shows that adoption of unified pay solutions is still at an early stage with only 33% of respondents adopting it, these early adopters are already experiencing positive outcomes.”

Read more in Finance Derivative.

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