The payroll industry is undergoing unprecedented development as businesses demand more efficient, scalable, and compliance-driven payroll systems.
A 2024 Sapient Insights Group report reveals that around half of mid-market organizations plan to increase their investment in payroll and HRMS in 2025. The primary reasons? The need to address regulatory requirements, enhance data security, and improve operational efficiency by consolidating processes.
Additionally, trends towards global payroll aggregation, actionable insights, proactive anomaly detection, and employee self-service are reshaping expectations. Many organizations still manage multiple payroll systems, with nearly 60% of enterprises using more than one solution, creating inefficiencies that call for streamlined, integrated technologies.
