Challenges Faced :
- Delayed Payments to Employees
- Mindspace Team Turnover has caused inaccurate salary payment
- Bonus & Commission payment delayed due to calculation issues
- Delays in Sending Regulatory returns
- MindSpace Team has domain expertise in US Payroll Processing
- We understood the current process and prepared a process flow and migration plan.
- The team at mindspace worked simultaneously with US Payroll manager for initial Payroll runs Approved timesheet received by India team is collated on spreadsheet and Payroll is process on a Payroll software.
- Team connects remotely to the clients server and do the bookkeeping on QuickBooks
- Timely Payments to Mindspace Team
- Cost Cutting to the extent of 60%
- Accurate and timely payments to Mindspace Team
- Client has a dedicated team to work on general issues raised by Mindspace Team which get replied from offshore center.
- Client Mindspace Team onshore can spend time on regulatory and compliance issues more productively.
- Reconciliation of payroll was made up to date with payroll returns and accounting records.