Deloitte collaborates with Ascender to manage the complexity of payroll
Deloitte is one of the “Big Four” accounting firms and the largest professional services network in the world, both by revenue and number of professionals. Their services include audit, consulting, financial advisory, risk advisory, tax and legal, with consulting bringing in the biggest revenue.
Deloitte assists clients through consulting services in the areas of enterprise applications, technology integration, strategy & operations, human capital, and short-term outsourcing. With more than 170 years of service, the organisation has grown across 150 countries and territories, with their Malaysia and Singapore offices housing over 500 employees.
At the core of Deloitte Consulting is a goal to solve their clients’ complex needs. Payroll processing is a time-consuming process, and outsourcing it can free up their HR to pursue more value-added activities.
Deloitte has decided to leverage Ascender’s payroll expertise by utilising their fully managed payroll service. Ascender takes care of Deloitte’s payroll processing for Singapore and Malaysia, including bonus processing, annual increments, additional pay processing, and local statutory compliance. The data is kept secure within Ascender, so in the event of a disaster in Deloitte’s offices, data can be retrieved from the vendor. With payroll experts in place to focus on their needs, all Deloitte needs is to send their advice and pay is credited to their employees via online banking.
Payroll processing has been made easier with Ascender- history is easily retrievable, and helpful for year-end tax reporting and auditing.
Payroll for Deloitte is now easier because of the lessened manual processing and availability of reports for historical data. This partnership with Ascender enables Deloitte to continue to focus on their “drive to make an impact that matters in the world.”