The Multi-country Payroll (MCP) solutions market has expanded steadily over the last few years. Several regulatory changes during the pandemic have heightened the regulatory pressure on enterprises and are expected to continue in the long run. Today, organizations are constantly looking for providers that can not only assist them in remaining compliant, but also improve the entire payroll stakeholder experience.
In response to this demand, providers have made investments to improve the payroll manager experience by providing advanced analytics, automation, chatbots, and a manager self-service portal. They have also introduced value-added features such as wallet payments, pay cards, Earned Wage Access (EWA) solutions, as well as a mobile application to enhance employee experience.
In this report, we assess 24 MCP providers and position them on MCP Solutions PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their market impact and vision & capability. We have also introduced PEAK Matrix® assessments for APAC and EMEA regions. 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 2022, 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
