Organizations are rethinking payroll, transitioning it from a back-office function into a vital cornerstone of the employee experience. Evolving workforce expectations, such as real-time compensation insights, flexible payment methods, and transparent pay structures drive this shift. In this new model, payroll not only ensures compliance and accurate payments but also plays a vital role in shaping employee satisfaction and retention by providing personalized financial wellness tools and clear, accessible information. Modern technology catalyzes this transformation. Automation, AI, and integrated platforms eliminate repetitive tasks, reduce errors, and offer data-driven insights. These advances enable real-time payroll calculations and interactive dashboards, boosting efficiency and accuracy. Just as technology streamlines processes, managed services add essential human expertise. Organizations benefit from on-ground compliance support, local market insights, and dedicated resources to address diverse challenges across different geographies. By combining advanced technologies with specialized managed services, businesses can achieve a harmonized approach to payroll. In this report, we provide insights into how organizations can unify and transform their global payroll operations. Our goal is to explain global payroll operations’ complexities and emphasize a holistic payroll approach’s significance to ensure a more robust and future-ready payroll function. Scope All industries and geographies Contents In this report, we provide: Emerging workforce needs and payroll’s role in addressing them The increasing role of technology in modern payroll The importance of managed services in payroll management Approach to strategic payroll transformation

Multi-country Payroll (MCP) providers are essential partners for enterprises managing global payroll complexity. They go beyond traditional payroll management, offering tailored services to meet evolving business needs. By delivering integrated solutions, enterprises can centralize operations, standardize processes, and navigate international employment challenges. Amid economic uncertainties, enterprises prioritize cost optimization and operational agility. MCP providers respond with scalable solutions and flexible pricing models, ensuring alignment with organizational needs. As global conditions evolve, MCP providers remain pivotal by delivering compliant, cost-effective, and technology-driven solutions, cementing their role as essential partners in the rapidly evolving payroll ecosystem. In 2025, the payroll landscape is poised for significant transformation due to technology advances and changing business priorities. Enterprises are adopting automation, AI, and data analytics to optimize payroll functions. MCP providers have embraced this shift, integrating advanced technologies to enhance efficiency, accuracy, and compliance. These innovations streamline payroll processes and empower organizations with real-time insights for strategic decision-making. In this report, we analyze the MCP market, highlighting key trends and the transformative impact of next-generation technology elements on revolutionizing payroll. The report examines buyer adoption trends and providers’ investments in this domain. Scope All industries and geographies Service: MCP solutions Contents In this report, we examine: The MCP solutions market size, growth, and deal trends across geographies Investment themes MCP solution characteristics MCP solution provider landscape

The payroll landscape is rapidly evolving, driven by the advent of cloud-based solutions and a surge in digital transformation initiatives. This transformation is reshaping the user experience for various stakeholders. This report highlights the key trends shaping the payroll landscape and delves into the essential features and functionalities that distinguish a payroll technology platform. We also examine the different categories of providers operating in the payroll technology space and outline the key considerations for enterprises when adopting payroll technology solutions. Additionally, the report outlines some prominent payroll technology providers, highlighting their offerings, capabilities, partnerships, and investment priorities. It aims to enable providers to gauge their capabilities relative to their peers and help buyers evaluate providers based on their competencies and focus areas. Scope Geography: global Industry: all major industries Product: payroll platforms Contents In this report, we examine: The payroll technology market overview Prominent payroll technology providers’ profiles Membership(s) Human Resources Sourcing and Vendor Management

Over the years, payroll has transformed from a purely transactional to a more strategic function, creating a demand for multi-dimensional, one-stop-shop solution providers. This evolution has led to a gamut of other services, rendered through strategic partnerships beyond Human Capital Management (HCM) systems, including Earned Wage Access (EWA), Employer of Record (EoR), and financial planning and budgeting. Additionally, providers are increasingly incorporating advanced analytics, Artificial Intelligence (AI), and Machine Learning (ML) to automate tasks and improve error detection and user experience to generate value for enterprises. The Multi-country Payroll (MCP) Solutions Provider Profile Compendium is a companion to Everest Group’s latest study, Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2024. In this report, we provide comprehensive and detailed profiles of 23 MCP solutions providers. The report examines the providers’ market impact, key organizational developments, technology and service capabilities, delivery footprint, and client portfolio across geographies, industries, and buyer sizes. It enables providers to benchmark their capabilities against their peers and empowers buyers to assess providers based on their capabilities. Scope All industries and geographies Contents In this report, we evaluate 23 MCP solutions providers and include: Company overview and recent developments Technology solutions offered Functional capabilities in key MCP areas across regions Client portfolios Country coverage by payroll calculation Gross-to Net (G2N) capability and payroll processing capability Membership(s) Human Resources Sourcing and Vendor Management

As businesses expand globally, Multi-country Payroll (MCP) complexities can become overwhelming. Payroll providers play a vital role in addressing these challenges by offering comprehensive solutions that extend beyond accurate and timely pay. By leveraging automation and cutting-edge technology, these providers streamline processes, reduce errors, and offer valuable workforce insights. Additionally, they offer value-added services such as earned wage access and financial planning, empowering employees and contributing to increased satisfaction and retention. Acting as strategic partners, they enable HR teams to focus on core business objectives. This report assesses 28 MCP providers and positions them on MCP Solutions PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their market impact and vision and capability. As the market has seen an uptick in regional consolidation in the past few years, we have included regional cuts for EMEA and APAC in the report to help enterprises in their regional sourcing decisions. In addition, the report includes sourcing considerations for enterprises that highlight the providers’ key strengths and limitations. Scope Industry: MCP solutions Geography: Global This assessment is based on Everest Group’s annual RFI process for the calendar year 2024, interactions with leading MCP providers, client reference checks, and an ongoing analysis of the MCP solutions market Contents In this report, we examine: The relative positioning of providers on Everest Group’s PEAK Matrix® for MCP Solutions across Global, EMEA, and APAC regions The provider landscape Providers’ key strengths and limitations Membership(s) Human Resources Sourcing and Vendor Management

Over the past few years, the Multi-country Payroll (MCP) solutions market has experienced steady growth. Economic uncertainties have compelled enterprises to prioritize cost reduction and efficient resource allocation through payroll consolidation. Enterprises, seeking support beyond traditional payroll management, now demand services that go beyond the conventional. In response, providers are investing in expanding their scope of services and incorporating technology to streamline the entire payroll value chain. The Multi-country Payroll (MCP) Solutions Provider Profile Compendium is a companion to Everest Group’s latest study, Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2023. In this report, we provide comprehensive and detailed profiles of 27 MCP solutions providers, covering the providers’ market impact, key organizational developments, technology and service capabilities, delivery footprint, and client portfolio across geographies, industries, and buyer sizes. The compendium will enable providers to benchmark their capabilities against their peers, while buyers will be able to assess the providers based on their capabilities. Scope All industries and geographies Contents In this research, we analyze 27 MCP solutions providers across the following dimensions: Service capability and strategy: company overview, leadership, MCP functional capabilities across geographies, partnerships, key MCP-related developments, technology solutions, and the MCP FTEs spread worldwide Client portfolio: total number of clients and pay slips processed, major clients, pay slips split by geography, and client split by countries in scope, industry, and buyer size Country coverage: countries covered by each provider on its own and through in-country partners from payroll technology and services perspective Everest Group assessment: positions providers on Everest Group’s PEAK Matrix® Membership(s) Human Resources Sourcing and Vendor Management

The Multi-country Payroll (MCP) solutions market has expanded steadily over the last few years. The economic uncertainty has made enterprises focus on cost reduction and resource allocation. Enterprises are now seeking assistance beyond just conventional payroll management. In response to this demand, providers have evolved their portfolio by offering flexible pricing models and easy scalability. MCP providers are empowering enterprises by extending cost-effective, compliant, and strategic solutions. This report assesses 27 MCP providers and positions them on the MCP Solutions PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their market impact and vision & capability. As the market has seen an uptick in regional consolidation in the past few years, we have included regional cuts for EMEA and APAC in the report to help enterprises in their regional sourcing decisions. In addition, the report includes sourcing considerations for enterprises that highlight the providers’ key strengths and limitations. Scope: Industry: MCP solutions Geography: global This assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading MCP providers, client reference checks, and an ongoing analysis of the MCP solutions market Contents: In this report, we examine: The relative positioning of providers on Everest Group’s PEAK Matrix® for MCP Solutions across global, EMEA, and APAC regions Provider landscape Providers’ key strengths and limitations Membership(s) Human Resources Multi-country Payroll Sourcing and Vendor Management