Introduction of Easy Transfer
Easy Transfer is a service system with direct connection to colleges and universities, full fund tracking and 1 to 1 advisor guidance tailored. Specifically for Chinese study abroad families, without having to stand inline to fill out tedious wire transfer forms. lt is simple, hassle-free and affordable, and has been recognized by a lot of study abroad families since its launch. Easy Transfer has entered in to deep strategic cooperation with many banks and upgraded the existing remittance method to become a standard foreign exchange service officially supported by banks which is officially named “Study Abroad Pay”.
Easy Transfer Pay was ranked in the TOP 20 of the 4th “Pencil Never Lies -True List” of the most valuable.innovative companies in the field of financial technology, and won the”2019 Banking Industry!FinancialTechnology Service Award”.
The Background
With diversified team building and employment needs around the worldEasy Transfer is committed to building a modern multinational team with global collaboration and unified management. In the process of its global business expansion, it found that the HR support and compliance needs of different countries are very different, and it is difficult to find a unified service provider to handle global issues, and some regional service providers have long response time due to language barrier and time difference, which makes it difficult to monitor and manage global employees in real time. While Easy Transfer’s overseas expansion strategy has faced greater opportunities, it has also encountered greater challenges in employee compensation management administration and global compliance.
The Challenges
Easy Transfer expanded its market in the UK region this year, and after recruiting the right people, the high cost and time consuming process of setting up a local payroll management team in the Uk would affect the timing of the client’s entry into the market and the growth of the local business. And because it was the first fluorescent payroll after the registration of Easy Transfer, the relevant government accounts such as the UK tax website HMRC, payment system PAYE and pension account PENSlON were not yet opened, based on this situation, compliance with payroll was urgent.
The Solutions
Upon receipt of Easy Transfer’s UK employee payroll requirements, the UK professional team responded immediately and completed all work from employee information collection to system entry and payroll issuance within 24 hours. We also assisted Easy, Transfer to complete the registration of PAYE and pension accounts, and helped the client to purchase the employer’s liability insurance required by the Uk government in a timely method. The most comprehensive, detailed and accurate compliance management was achieved.
the selection of a global unifiedIn March 2019, under the strong impetus ofhe company’s leadership, Easy Transfer started the selection process has taken 5 months, focusing on 4 well-known (domestic and international team management service tool and international suppliers. After in-depth consideration, PaylnOne’s product was the most cost-effective and could provide
a unified global employee onboarding, payroll and team management platform with good localization services, no no language barriers, transparent costs and no extra charges, and quick response to customer needs. In the end, Easy Transfer chose the products and services provided by PayInOne to meet its actual needs. After using PayInOne for a period of time, Easy Transfer solved many problems faced in the new context and established a good long-term relationship with PayInOne.
“We have been using the PayInOne platform officially for a long time and it is in good condition. We are very happy and relieved to have chosen PayInOne, because with PayInOne, many of our expectations and visions have become reality one by one. ”
– Mr. Sun, Co-Founder of Easy Transfer
