Monthly Archives: May 2012

The importance of statutory and regulatory compliance

Negotiating the minefield of compliance can be bewildering for a small or medium enterprise (SME) without the right guidance. Without the right documentation and measures, you can run afoul of statutory and regulatory obligations in a variety of areas. Some SME business owners are surprised at the sheer range of areas of compliance. Let’s look at these, in broad outline.

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Payroll outsourcing: getting your non-core areas managed

To understand just how much you stand to benefit from outsourcing your payroll function, let’s take a look at all the tasks a payroll process partner like Alp Consulting undertakes:

  • Getting the payroll inputs from the client
  • Pulling in compensation information from branches, if any
  • Validating these inputs, following up gaps

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Sensible savings: why Indian companies are increasingly turning to outsourcing

Outsourcing is on the rise worldwide, and the reasons are clear. In the current global economic climate, companies need to save money wherever they can. And the numbers clearly show that outsourcing functions like payroll management can lead to significant savings compared to an in-house solution.

Studies have shown that companies who retain functions like payroll and compliance in-house can spend 18% more than companies who outsource on average. Significantly, the costs make a larger dent into overall profitability for small and medium enterprises (SMEs), where spends have to be planned out even more carefully.

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