Namely and Velocity Global have teamed up to offer global payroll support capabilities through Namely’s partner program.
The integration will allow clients to access their workforce data through a single sign-on and see all of their supported employees in a single view. That, the companies said, will save time by reducing the efforts necessary to complete back-end tasks, while the synchronization of data between systems will reduce errors and budget overruns.
Namely existing partnerships include solutions providers such as Employ/JazzHR, Human Interest, Mineral and Vestwell.
In Namely’s view, the market for global HR capabilities is expanding, pushed by the increasingly borderless nature of the workforce and the proliferation of remote and hybrid work models. As businesses expand operations into multiple jurisdictions, they increasingly need help aligning payroll schedules and complying with local regulations, the company said.
Two-thirds of Namely’s customers have international employees, said Jonathan Wall, the company’s senior vice president of strategic partnerships. Among other locations, those workers are based in India, the UK, Canada, Australia and China. “Payroll in each of these countries is vastly different and requires dedicated expertise to ensure timely processing and observance of local regulatory requirements,” Wall said.
Building Blocks
Last year, Namely merged with Vensure Employer Solutions, the company formed by the combination of PEO Vensure Employer Service and PrismHR. At the time, Namely said the merger would allow it to deliver HCM solutions for all stages of a company’s growth. Meanwhile, Namely’s technology expanded VES’s functionality and strengthened both organizations’ efforts to offer small and midsize companies more cloud-based options.
For its part, Velocity Global recently updated its platform to help customers meet increasing hiring demands more quickly and strategically. Among the enhancements were a more intuitive design and improved navigation for a better user experience. The update also included improved visibility into the workforce in order to help organizations reduce the time needed to hire and onboard employees.
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