Payroll reporting gaps hit the majority of businesses

Payroll reporting gaps hit the majority of businesses

Payroll’s Mismatched Playlist: Why Teams Can’t Hit ‘The Pay‑Station’ on Time

Ever felt like a payroll team is playing on a broken jukebox? According to a fresh study by Everest Group and backed up by CloudPay, that’s exactly what’s happening.

The Half‑Screen Problem

  • 80 % of payroll champs can’t tap into reporting dashboards for smart decisions.
  • 45 % of them have no clue what’s popping off in their own systems.
  • Their biggest goal for 2024? Deliver accurate and timely pay—and that’s a hard nut to crack without eyes on the numbers.
  • 8/10 see employee experience as the next big thing.

When Geography Gets in the Way

  • About 6 % of APAC firms and 27 % of those in EMEA rely on local hoops.
  • Meanwhile, nearly half ( 47 % ) of North American companies play in a global sandbox.
  • The result? Overlap, compliance headaches, and a paycheck mosaic that looks more like a patchwork quilt than a smooth service.

Enter Unified Pay: The Super‑Hero of Payroll

Matt Hillier, EVP Product at CloudPay, explains why a single platform can fix the chaos:

“If most teams can’t see the whole picture or leverage data for strategy, they’re stuck in a dark loop. That means missed trends, sneaky errors, and a big dent in efficiency and brand power.”

When you consolidate all pay routines under one roof, the magic happens:

  • Seamless compliance across borders.
  • Off‑load admin pain.
  • All the data you need in one glance.
  • Employees get a consistent, smooth experience no matter where they’re located.

Bottom line: If a payroll team wants to stay sharp in the 2024 game, they need a joined‑up, global pay engine. The result? More insights, better strategy and a workforce that feels valued—no more “payroll lag.”

Stay in the Loop

Want real‑time updates straight to your device? Just hit the subscribe link below.