This report identifies key demand-side trends in the payroll business process transformation services space, helping enterprises fine-tune their payroll operations. It provides an overview of key observations and business challenges that Avasant considers important to highlight in the payroll outsourcing space.
Why read this Market Insights?
Enterprises increasingly seek smarter payroll solutions to address evolving workforce needs and operational challenges. They are prioritizing systems that streamline processes, enhance compliance, and adapt to diverse regulatory environments. Demand is also growing for solutions that offer greater flexibility and transparency, reflecting the shift toward employee-centric approaches. Enterprises are looking for tools that improve efficiency while providing real-time access and support for modern work arrangements. These trends highlight the growing focus on innovative, adaptive payroll systems that align with today’s dynamic and global workforce demands.
The Payroll Business Process Transformation 2024–2025 Market Insights™ aids organizations in identifying important market trends and expectations for any payroll projects they engage in.
Methodology
The industry insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with service providers, subject matter experts, and Avasant Fellows, analyst insights from primary and secondary research, and lessons learned from consulting engagements.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–7)
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- Definition and scope of payroll business process transformation
- Key enterprise payroll trends shaping the market
- Avasant recognizes 22 top-tier providers offering payroll business process transformation services
Demand-side trends (Pages 8–12)
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- Enterprises are seeking integrated payroll solutions that provide flexibility and real-time processing
- Adoption of various uses of AI and generative AI in payroll helps firms streamline and enhance efficiency, accuracy, and compliance
- Enterprises are demanding unified payroll solutions that enhance standardization and operational efficiency across regions
- Enterprises are focusing on employee-centric payroll solutions that enhance self-service and financial wellness
Key contacts (Page 13)
Read the Research Byte based on this report. Please refer to Avasant’s Payroll Business Process Transformation 2024–2025 RadarView™ for detailed insights on the service providers and supply-side trends.