DEBUG: PAGE=domain, TITLE=Application Services,ID=1426,TEMPLATE=subprogram
toggle expanded view
programcode = ITSAPP
programid = 146
database = t
alerts = t
neat = t
vendors = t
forecasting = f
confidence = f
definitions = t

Search within: Application Services:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Application Services

Track the pattern of service adoption by monitoring Application Services contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = f -- IGNORED

TMF Group - Payroll Services 2023

Vendor Analysis

by Elizabeth Rennie

published on Aug 25, 2023

Access to this report is restricted to logged in clients with access. Login to get full access

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 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 locations.

Key Findings & Highlights:

TMF Group, 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. Its 2022 acquisitions included:

  • TMF Brazil Serviços de Administração de Fundos Ltda – Brazil
  • Novacon Bulgaria EOOD– Bulgaria,
  • Etive Consulting Limited - Abu Dhabi
  • Focus Secretarial Services Limited and Focus Corporate Consultancy Limited – Hong Kong.

NelsonHall estimates Its HR and payroll services include:

  • Cross-border employee lifecycle management services
  • International HR projects and consulting
  • Managed payroll services in support of 152 countries
  • International employee benefits.

This profile focuses specifically on TMF Group's managed payroll services offering, which can support payroll in 152 countries; less than 10% of its payroll services are delivered through sub-contractors. TMF Group continues to add new capabilities. This year, it added four countries to its payroll capability, primarily through acquisitions. Further developments include opening its office in Egypt in 2022, and like many services organizations, it has exited the Russian market.

Login to get full access:

close