ISG to Publish Report on Payroll Solutions, Services

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining providers offering modern digital payroll solutions for operational transformation.

The study results will be published in a comprehensive ISG Provider Lens report, called Payroll Solutions and Services, scheduled to be released in September. The report will cover companies offering managed payroll services in the U.S. and in multiple countries.

Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

Persistent payroll staffing challenges prompt companies to turn to managed services providers to streamline processes and assure compliance. Artificial intelligence, remote work, and the drive toward organizational effectiveness and efficiency lead organizations to seek help from external experts.

“While some companies have already adopted digital tools and advanced payroll platforms that significantly reduce manual effort, many still rely on stand-alone systems and spreadsheets,” said Namratha Dharshan, chief business leader, ISG Provider Lens Research. “Companies seek partners providing digital capabilities, data security and customized solutions.”

ISG has distributed surveys to 85 payroll solution and service providers. Working in collaboration with ISG’s global advisors, the research team will produce two quadrants representing the payroll solutions and services the typical enterprise is buying, based on ISG’s experience working with its clients. The two quadrants are:

• Managed Payroll Services: U.S., evaluating providers that offer fully managed payroll services to enterprises operating in the U.S., either purely U.S.-focused or as part of a multicountry approach. Eligible companies offer services including compliant payroll calculations and statutory reporting, year-end processing, a standard suite of outputs, reference cases, and serve clients of any size.
• Multicountry Managed Payroll Services, assessing providers offering and supporting fully managed payroll services in more than four countries in at least one region, offering a standardized input method and output suite, locally compliant payroll calculations and statutory reporting, complete year-end payroll services, digital tools for payroll processing, reference cases, and serving clients of any size.

The report from the study will examine services and solutions available in the U.S. and globally. ISG analyst Rachel Anderson will serve as author of the report.