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Liz is HR Technology and Services Research Director at NelsonHall, with global responsibility for key HR research projects including Cloud-Based HR Transformation, Cloud-Based Benefits Services, HCM Technology, EoR, Global Payroll and The Future of HR, as part of NelsonHall's wider HR Technology & Services practice.
meet & followNikki is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. Nikki covers HR services research in the areas of Recruitment Process Outsourcing (RPO), Managed Service Programs (MSP), Total Talent, and Learning.
meet & followJeanine is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. She has global responsibility for key HR areas including employer of record (EOR) and learning platforms.
meet & followDeeAnna is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. She has global responsibility for key HR areas including HCM technology, workforce management, and health & welfare administration.
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Please visit NelsonHall's HRO Insight blog for further updates from our analysts daily
published on Aug 25, 2016
This NelsonHall vendor assessment analyzes TMF Group's offerings and capabilities in Payroll Services.
NelsonHall’s Payroll Services Vendor Assessment for TMF is a comprehensive assessment of TMF’s Payroll Services offering and capabilities, designed for:
The report provides a comprehensive and objective analysis of TMF’s payroll outsourcing offering, capabilities, and market and financial strength, including:
TMF Group, headquartered in Amsterdam, is a multinational professional services firm, providing tax, accounting, HR, payroll and corporate secretarial services to businesses. Founded in 1988 and employing ~6.4k individuals across 122 offices, and serving clients in 84 countries, it has built its global presence through a combination of organic growth and strategic acquisitions. In 2014, TMF Group acquired KCS Group, a leading business services provider in Asia, significantly improving TMF Group's scale across the fast growing Asia Pacific region In March 2015, TMF Group acquired PwC’s BPO business in Brazil, which provided BPO services in F&A, HR and tax and compliance and bolstered its LATAM operations by adding three offices in Barueri, Rio de Janeiro and Ribeirão Preto and ~500 employees to its portfolio.
So far in 2016, TMF has made four acquisitions relating to its payroll business:
Payroll is focused on and generates revenue across:
TMF Group processes 2.5m payslips annually for ~5.5k clients and handles ~€5bn in salary payments. It has ~1k employees dedicated to delivering payroll services to its clients and specializes in clients with <3-5k employees on average.