30 November 2015: Talent2 Human Resources Managed Services (HRMS) today announced that it will be officially rebranding to Ascender with immediate effect. The announcement coincides with HR Tech Fest taking place in Sydney today. In conjunction with the rebrand, Ascender will launch a new Human Capital Management platform, Ascender HCM, which will enable clients to extend and integrate their existing payroll platforms across the enterprise.
By offering core HCM and integration, Ascender will enable its customers throughout Asia Pacific to consolidate payroll delivery and integrate with their broader HCM strategy.
Rishabh Mehrotra, CEO of Ascender said, “A core part of our rebranding was to create a people-centric organisation that enables our clients and their employees to simplify their lives. Our significant investments in people, process and technology and the launch of the Ascender HCM platform will provide clients with innovative, easy to use, and modular solutions for multi-country payroll services.”
According to global management consulting firm Everest Group, the Multi-Country Payroll Outsourcing (MCPO) market is one of the fastest growing markets within the HR outsourcing space and has witnessed a rapid growth of approximately 20 percent compound annual growth rate from 2012 to 2014. The space now has an estimated annual worth of more than US$1 billion.
In their latest PEAK Matrix Assessment report, Everest Group revealed that Ascenders influence exceeds the top quartile global leaders in the Asia-Pacific region by 18%.
Since Ascender began rolling out its product strategy in July, they have reported 35 client wins, including several significant global financial intuitions and multinationals.
Rishabh Mehrotra added, “We are delighted with the response we have received from the market. We found that as a result of the increasing complexity of payroll, multinationals are experiencing fragmented global strategies resulting in manual processes and a lack of integration. Ascender provides a one-stop shop to serve multi-country payroll needs and help employers improve cost, compliance, convenience and connectivity”.
Founded in 2003, Ascender offers advanced payroll solutions using SaaS, co-managed and fully-managed delivery options, and has consolidated reporting and multiple language and currency capabilities. Their proprietary platform allows them to seamlessly tackle very large, complex clients that require process re-engineering, process standardization and automation, and extended payroll solutions. Headquartered in Australia, Ascender has 700 employees that provide services in up to 31 languages, in 19 countries through their 12 delivery centres. Together, their team serve 3,000 client entities and over 1 Million employees across 30 countries. Ascenders scalable platform enables it to serve clients with 1 to 100,000+ employees in each country.
For more information please visit the company website: https://www.ascenderhcm.com
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