Finding a more centralized solution
A global company in every sense of the word, this client in the industrials sector does business in more than 60 countries. When we first starting talking with them, they knew they had a problem to address, but weren’t exactly sure what the solution looked like.
when you arrive
At the time, their process for tracking assignees was very manual. They’d grown significantly by acquiring several other companies, and their widely dispersed population was very decentralized. It was virtually impossible to manage the assignees consistently or even to know who they were, or where they were. Every aspect of the program was executed manually, including cost estimates and payroll instructions. Comp collection was nothing more than an Excel document.
Our software improved their situation right away by consolidating all assignees and assignee data into one centralized system. We introduced robust reporting features so they could monitor their program, and for the first time, allowed for visibility of total program cost. We also automated their payroll instructions and comp collection, allowing us to provide accurate and complete tax reporting for all compensation. Our quick cost estimates, configured to their policies, also cut days off of their previous turnaround time.
It’s been a dramatic turnaround in just a few years for this company’s global mobility program. Where there was previously confusion and a lack of consolidated information, now there is precision and efficiency. There’s also peace of mind knowing that their year-end reporting is being provided to their tax vendor in one accurate report. They may not have known what solution they were looking for, but they knew they’d found it with Polaris.