Radius Upgrades Tackle International Payroll

Most small businesses go it alone when it comes to payroll, recent research has shown. But some analysts and industry experts suggest they shouldn’t — especially if their payroll is international.

One payroll software company, Radius, has just launched new improvements to its Global Payroll tool in an effort to ease the friction of cross-border employee compensation. In a statement issued Wednesday (Dec. 2), Radius said that it has introduced a way for employers to consolidate payroll across as many jurisdictions as necessary onto a single portal.

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Radius said the solution aims to help businesses maintain compliance even with different regulations across countries.

“Managing error-free payroll is hard enough domestically,” said Radius Chief Technology Officer Peter Troost in a statement, “so managing it for employees overseas, with highly variable local compliance requirements, is a major challenge and a recipe for risk.”

The company’s upgrades also include a mechanism for employers to customize details of payroll for each country. The portal is cloud-based, Radius added, meaning companies can manage payroll even when away from their office.

The solution integrates into Radius’ existing OverseasConnect platform, the company noted, which also includes accounting, expense reporting and human resources services across jurisdictions as well.

“Bringing all payrolls into a single view enables payroll administrators to pay their international employees accurately and on time, while proactively identifying potentially costly issues before they escalate,” added Troost.

Radius isn’t the only payroll software company focusing on companies with an international workforce. In September, CloudPay introduced a new solution to ease friction for employers to issue international paychecks and gain clearer insight into payroll and company finance across borders.