Vendor Analysis
published on Aug 23, 2024
Report Overview:
This NelsonHall vendor assessment analyzes TMF Group's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on TMF Group is a comprehensive assessment of TMF Group’s 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 TMF Group’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:
TMF Group (TMF), founded in 1988 and headquartered in the Netherlands, is a privately-held multinational firm providing professional services for corporates, capital markets, funds, and family business wealth, including HR and payroll, accounting and tax, corporate secretarial, and global entity management. It has ~10k employees globally across 126 offices and 87 tax jurisdictions that serve ~8k clients. Its clients represent ~60% of the FTSE 100 and ~150 private equity organizations. 2023 was a pivotal year for TMF as it completed its ownership transition within CVC Capital Partners and added the Abu Dhabi Investment Authority. It successfully refinanced to 2028 on favorable terms. This has allowed TMF to accelerate its technology investments, and in 2024, it started a major technology upgrade for its global payroll offering.