Intertrust Group has positioned itself as a key player in the international payroll services space, providing robust payroll solutions for businesses with operations across multiple countries. This review will explore the services, pricing structure, and features of Intertrust Group international payroll offering, giving UK businesses insights into its value.
Overview of Intertrust Group
Intertrust Group, headquartered in Amsterdam, has a global presence with offices in over 30 jurisdictions. It specialises in providing administrative, legal, and compliance services, helping businesses navigate complex regulatory frameworks across borders.
Among its suite of services is international payroll management, which caters to multinational companies looking to streamline their payroll processes while ensuring compliance with local laws.
Review of services offered by Intertrust Group
Intertrust Group’s international payroll service is comprehensive, covering everything from standard payroll processing to more nuanced areas like compliance with local tax laws, social security contributions, and employee benefits.
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Their service offering is designed to support businesses of all sizes, whether it be a small enterprise expanding into a new market or a large multinational corporation with a well-established global workforce.
Here are the key services included in Intertrust Group’s international payroll package:
- Payroll processing: Intertrust handles the end-to-end payroll process, ensuring that employees are paid on time in multiple currencies. This includes calculating salaries, overtime, and bonuses, as well as managing tax deductions.
- Compliance management: One of the standout features of Intertrust’s offering is its focus on local compliance. The company ensures that businesses meet local tax obligations, adhere to labour laws, and comply with social security and other statutory requirements.
- Reporting and analytics: Intertrust provides customised reporting, giving businesses insights into payroll costs, tax liabilities, and employee data. This can be crucial for financial planning and resource allocation.
- Employee self-service portal: The self-service platform allows employees to access payslips, manage tax information, and update personal details. This feature enhances employee satisfaction and reduces the administrative burden on HR departments.
- Multi-jurisdictional payroll: For businesses operating in several countries, Intertrust can manage payroll across different jurisdictions. This ensures a uniform payroll process that complies with local regulations while providing centralised reporting.
Features that set Intertrust apart
What distinguishes Intertrust Group from many other payroll providers is its focus on compliance and customisation. Their expertise in navigating complex regulatory landscapes allows businesses to avoid costly penalties for non-compliance.
- Global compliance framework: Given the increasing complexity of international tax and employment regulations, Intertrust’s strong compliance framework is a crucial advantage. It ensures that businesses remain up-to-date with the latest legal requirements across multiple jurisdictions, reducing the risk of non-compliance.
- Customisable solutions: Unlike many payroll providers that offer a standardised service, Intertrust works with its clients to tailor solutions that meet their specific needs. Whether a company requires payroll in a single region or across several countries, Intertrust can adjust its services accordingly.
- Integration with other services: Intertrust’s payroll services are often integrated with other administrative functions, such as corporate secretarial, tax compliance, and accounting services. This integrated approach allows businesses to manage several back-office functions seamlessly, further reducing administrative overhead.
- Customer support: With offices in multiple time zones, Intertrust provides round-the-clock support, ensuring that businesses can resolve any payroll issues quickly. Their customer service team is known for being responsive and knowledgeable about local payroll and tax regulations.
Pricing structure
Intertrust Group’s pricing model for international payroll services is typically customised based on the specific needs of the client, including the number of employees, the complexity of local compliance requirements, and the number of jurisdictions involved. As a result, there is no standard pricing, but businesses can expect competitive rates for the level of expertise and service offered.
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However, it is important to note that international payroll services often come with additional costs beyond standard payroll processing. Businesses should consider factors such as the cost of compliance management, tax filings, and reporting services, which may vary depending on the countries involved. Many users find that Intertrust’s pricing is justified by the level of customisation and compliance support provided.
Pros and cons
Pros:
- Strong focus on compliance: Ensures businesses stay compliant with local tax laws and regulations, which is crucial for avoiding penalties.
- Customisable solutions: Tailors services to the specific needs of the business, whether in a single country or across multiple jurisdictions.
- Comprehensive service: Offers an integrated approach to payroll, combining other corporate services such as accounting and tax compliance.
- Robust technology: The employee self-service platform is user-friendly and reduces the administrative burden on HR teams.
Cons:
- Customised pricing: While the customisation is a benefit, businesses may find it difficult to predict costs without a detailed consultation.
- Complexity: Given the level of service offered, Intertrust may be better suited for larger organisations with more complex needs. Smaller businesses might find their offerings more than what they require.
Conclusion – Intertrust Group review
For UK businesses expanding internationally, Intertrust Group offers a comprehensive and reliable international payroll solution. With a focus on compliance, customisation, and integration with other services, it is a solid choice for businesses looking to manage payroll across multiple jurisdictions.
While the pricing may vary depending on the complexity of the business needs, Intertrust’s reputation for delivering tailored solutions makes it a valuable partner for companies with global ambitions.
If your company is seeking an international payroll provider with a proven track record and deep expertise in compliance, Intertrust Group should be high on your list of potential partners.
Intertrust Group international payroll FAQ
Yes, Intertrust can process payroll in various currencies, ensuring employees in different countries are paid in their local currency. This feature simplifies currency conversion and mitigates the risks associated with foreign exchange fluctuations for businesses operating internationally.
While their payroll services ensure tax compliance, Intertrust also offers tax advisory services through its broader corporate solutions. They provide guidance on cross-border tax strategies and local tax regulations to help businesses manage tax liabilities and optimise international tax planning.
Yes, Intertrust specialises in expatriate payroll management, including handling tax equalisation, social security, and expatriate-specific benefits. They ensure that companies meet all local and home country compliance requirements for expatriate employees, while also managing foreign allowances and deductions.
Intertrust’s payroll system can integrate with existing HR management tools, allowing for seamless data transfer between payroll and HR systems. This integration helps improve accuracy, reduce duplication of data entry, and streamline overall HR and payroll management processes.
Yes, Intertrust can manage complex payroll structures, including bonuses, commissions, and performance-based pay. Their team ensures that these payments comply with local laws, tax codes, and company policies, providing accurate calculation and timely disbursement to employees.
Intertrust offers dedicated onboarding support for new clients, helping them transition from in-house payroll or other providers smoothly. Their experts work closely with businesses to set up payroll systems, ensure compliance, and train staff on using the payroll platform.
Intertrust employs advanced security measures, including data encryption and secure data centres, to protect sensitive payroll information. They comply with global data protection regulations such as GDPR, ensuring the security and privacy of employee and company data across all jurisdictions.
Currently, Intertrust does not offer a dedicated mobile app, but their payroll platform is optimised for mobile devices, allowing businesses and employees to access essential payroll features, such as viewing payslips and managing personal information, from any device with internet access.
Yes, Intertrust provides payroll services during mergers and acquisitions, helping companies integrate payroll systems, align policies, and ensure compliance with local regulations. They manage the payroll transition, ensuring that all employees are paid accurately and on time during the restructuring process.
Intertrust assists businesses with payroll audits by providing detailed reports, documentation, and compliance support. Their team works closely with auditors and legal advisors to ensure all payroll processes meet regulatory standards, minimising risks and ensuring transparency throughout the audit process.