Vendor Analysis
published on Aug 09, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Safeguard Global's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Safeguard Global is a comprehensive assessment of Safeguard Global offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Safeguard Global’s Payroll Services offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’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 of delivery centers.
Key Findings & Highlights:
Safeguard Global is a global provider of payroll and employer of record services. It has two divisions:
- Global managed payroll services, with ~504 clients, servicing ~201k employees across 134 countries
- Global employment outsourcing and accounting services, including employer of record (EOR) services.
Safeguard Global offers fully managed payroll services across ~170 countries. It supports visibility to global payroll services through its proprietary platform, Global Unity. It has the following payroll models:
- Payroll managed services delivered with integration to the Client HRIS, known as Payroll 360. For buyers with a global Workday HRIS platform and where in-country partners can’t be transitioned, Safeguard Global Workday integrations are also offered, enabling all client countries to be managed in the Global Unity platform. This is referred to as Workday Connector
- Payroll managed services with no HRIS integration, known as Payroll Express.
Its founders have a background in U.K. domestic payroll services. In 2009, they identified opportunities with buyers and partners seeking to solve the challenge of hiring in-country workers where the client had no legal entities, and time was a critical factor. Safeguard Global also identified U.S. domestic PEO organizations seeking international solutions. In 2010, it became a Workday partner and began offering certified integrations to the cloud HCM platform. Its EOR commenced with the acquisition of Global Upside in 2022, primarily as an add-on service for its managed payroll clients.