The Chartered Institute of Payroll Professionals
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UKG agrees to acquire leading European payroll provider Published: 7 June 2023 Emailed: 7 June 2023
UKG, a leading provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a leading global payroll provider with technology and services supporting over 160 countries. Immedis has built a multinational customer base, covering key industries and has 370 employees worldwide. The acquisition, subject to closing conditions, is expected to be complete within 60 days. It has been reported that once the acquisition is complete, UKG will launch UKG ‘One View’ later this year. Developed in close collaboration between UKG and Immedis, ‘One View’ utilises the strengths of both organisations to transform the traditionally fragmented global payroll model.
With ‘One View’, customers will benefit from a:
• singular “schedule to fund in one” experience that combines an AI -powered perpetual validation engine and continuous workforce management integration to provide a real-time view across all employees, regardless of country or provider, to identify trends, variances, and other insights • hybrid deployment model which can be deployed in weeks, allowing customers to bring other in-country payroll technology and services for immediate visibility, minimising disruptions and accelerating time-to- value
• uniform workflow control in a single-pane view that creates one operational standard across countries, simplifying benchmarking and enhancing in-country provider accountability
• consistent employee experience for all in an intuitive application, supporting over 20 languages across 160 countries, with better usability, support and a globally compliant payslip that inspires confidence they are being paid fairly and accurately.
Hugo Sarrazin, chief product and technology officer at UKG, said:
‘‘Traditional global payroll is a cumbersome and complex process that too often relies on a patchwork approach, lacks transparency and insight, and is prone to errors that hurt both people and organisations.
Even in 2023, most companies still lack a single, reliable, and accurate way to understand how much they’re paying employees worldwide. Those that do know have invested in costly and time-consuming manual efforts, which still result in outdated information they can’t use proactively. The formidable combination of UKG and Immedis will be transformative and help us reshape and modernise how North American-based global businesses manage their people — and compliance — worldwide.”
Richard Limpkin, co-founder and chief strategy officer at Immedis, said:
‘‘Tackling the persistent challenges of global payroll and compliance across multiple countries through completely new and innovative approaches that are technology-led has been the driving force behind our work at Immedis.
Now, coupled with the powerful UKG HCM suite and its industry- leading global workforce management, we’re excited to help further redefine the entire multi- country payroll market.”
Chris Todd, CEO at UKG, said:
‘‘The acquisition of Immedis and the introduction of UKG One View is transformative for the HCM industry, delivering unprecedented levels of visibility, flexibility, and accuracy to the multi-country payroll process.
Having worked closely and strategically with Immedis for several years now, we’re thrilled to welcome the entire Immedis team into the UKG family.”
Read the full press release here.
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