Who Is This Vendor Assessment For? NelsonHall’s Next Generation Payroll Services Vendor Assessment forSafeguardWorld International (SGWI) is a comprehensive assessment ofSGWI’s Payroll Service offering and capabilities, designed for:
Sourcing managers monitoring the capabilities of existing suppliers ofpayroll outsourcing and identifying vendor suitability for payroll processoutsourcing RFPs Vendor marketing, sales, and business managers looking tobenchmark themselves against their peers Financial analysts and investors specializing in the support servicessector HR and payroll decision makers.
Key Findings & Highlights SafeGuardWorld International (SGWI) is a global managed payroll serviceprovider, and an employment outsourcing and ancillary HR servicesprovider. SGWI started in 1969 as part of a U.K. domestic payroll provider;by 2006 it had begun to focus on international payrolls using an aggregatormodel, supporting multi-country payrolls through a partnership network oflocal providers. In 2008 it became independent of the U.K. businessfollowing a management buy-out.Today, it is delivering services across three or more regions for 60% of itspayroll clients; it is delivering ~900k payslips per annum across ~1k payrollsper month, to ~145 clients, 77% of which have U.S. headquarters and~14% of which have U.K. headquarters.SGWI has three key offerings:
Global managed payroll services (GMP) Global employment outsourcing (GEO) Global professional services (GPS)SGWI offers managed payroll services in 114 countries and its operationsare managed from five centers in the U.S., Mexico, the U.K., Hungary andIndia.Certified payroll interfaces from Workday are supported for 113 countries.Its proprietary technology is Unity, which aggregates payroll information,enabling clients to view payslips and reports as well as raise queriesthrough the internet.Approximately 63% of its revenues derive from EMEA, with the remaindercoming from APAC (~18%), LATAM (~12%), and North America (~7%).
Scope of the Report The report provides a comprehensive and objective analysis of SGWI’spayroll outsourcing offering, capabilities, and market and financialstrength, including:
Identification of the company’s strategy, emphasis, and newdevelopments Analysis of the company’s strengths, weaknesses, and outlook Revenue estimates Analysis of the profile of the company’s customer base including thecompany’s targeting strategy and examples of current contracts Analysis of the company’s offerings and key service components Analysis of the company’s delivery organization including the location,size and scale of delivery locations and their activities.