The payroll payment process requires the management of a large number of bills, which involves complex fund flow processes, docking of a large number of personnel, amount data, etc.. Coupled with the impact of currency conversion, time zone differences and regulatory requirements between different countries or regions, the processing speed and efficiency of cross-border payments are low.
Employees need to undergo credit checks before joining the company, as well as to ensure the security of personal information, such as the need to meet the GDPR in Europe. enterprises themselves, also face risks in cross-border payments at the same time: some payment platforms may lack formal registration and supervision, lack of security measures and technical support, and there are security hazards and the risk of data leakage.
The manufacturing industry employs a large number of workers, the demand for payroll payment is large, and enterprises need to deal with a large number of payroll bills.
The manufacturing industry is a staff-intensive enterprise, with high mobility of staff and obvious seasonal and cyclical influences. If all the traditional labor models are adopted for employment, the cost pressure will increase for enterprises.
Globalization of the manufacturing industry requires the availability of local talents. If you want to recruit local talents, you need to comply with the opening of the main body of the company, for local employees to pay salaries, social security and other benefits. However, this requires huge costs behind the scenes and affects the development of globalized business.
PayInOne provides you with a locally compliant EOR (Employer of Record) service, which assumes the responsibility of the legal employer of the employee and is responsible for complying with local laws, regulations, and compliance requirements, including payroll, tax, worker's compensation, and benefits processes, to help companies hire employees without a local entity.
PayInOne Contractor is a convenient way for companies to use flexible labor, providing multiple contracting modes (long-term contract, pay-as-you-go, KPI contract), and the fastest way to complete the online contracting process is in 5 minutes, with a minimum of only $19 per person per month.
PayInOne supports payments in more than 120 currencies around the world.
At the same time, through the API Integration to connect the enterprise side and PayInOne platform, make the data flow more quickly and efficiently, and can realize automated bill processing and payment settlement.
API Integration can improve the stability and security of the system, using advanced encryption technology and risk control measures, so that the payment process in a safe and reliable premise.
The system adopts advanced encryption technology and risk control measures, making the payment process carried out in a safe and reliable manner.
PayInOne protects the intellectual property and data privacy of client employees and client companies.
The system complies with the GDPR EU privacy protection policy.
Meanwhile, its products and services cover the employment guidelines of various countries, including laws and regulations, policy changes, labor protection, investment policies, and thresholds of entry, etc., to ensure that the enterprise's employment is in line with the employment standards and legal processes, and to assist the enterprise in maintaining control over the management of data to mitigate the impact of accidents and avoiding fines and fines.
It also assists enterprises in maintaining control of data management, mitigating the impact of accidents, and avoiding fines and lawsuits for non-compliance.
A certain manufacturing company
A manufacturing company, an industry leader, has a global presence with thousands of global employees to manage. Facing a large and dispersed global workforce, they needed a more efficient and accurate solution.
That's why they chose PayInOne and enabled our manufacturing cross-border employment management payment solution.
For organizations that need high-end full-time employees, PayInOne provides EOR services to ensure that they can hire managed employees and quickly launch their business without a local company.
For companies that require a large number of flexible employees, such as sales and translators, PayInOne provides Contractor services, offering three contracting modes for each company's contracting and payment needs: long-term contracts, KPI contracts, and pay-as-you-go contracts, providing more flexibility for manufacturing companies to employ workers overseas.
In terms of payroll, PayInOne relies on its own SaaS system to reduce the involvement of human engineering and realize the automatic accounting of a large number of payroll bills. At the same time, by using API integration, it ensures the private transmission of information such as employee name and payment amount, and realizes instant settlement function.
From KYC review for employee onboarding, payroll needs in different countries, to intellectual property and data privacy of client's employees and client's organization, PayInOne always complies with local tax regulations.
This is our solution to help companies around the world solve the problem of overseas employment management as efficiently as a manufacturing company. Together, let's realize smarter, easier ways to make payments and provide better service to employees and companies around the world.
At PayInOne, we are committed to helping you realize more flexible and convenient global payments for your business.