Lano's Payroll Consolidation Platform vs Payroll Aggregators

Running and managing a multi-country payroll is a challenge more and more businesses are facing as they build and scale their global teams. Since managing payroll for a globally distributed team is anything but a walk in the park, there is an increasing number of service providers offering solutions for simplifying global payroll management. 

There are different types of global payroll solutions, ranging from payroll managed services to payroll software to what is known as payroll aggregation. Payroll aggregators leverage a network of in-country partners (ICPs) to offer combined payroll services across multiple countries, usually providing an additional tech layer to facilitate the management of multiple payroll vendors.

While the aggregator model solves the challenge of having to coordinate different ICPs for each geography, it is far from offering international organizations a comprehensive solution for their global payroll needs. That’s where Lano’s consolidated payroll platform comes into play. Let’s look at how a Payroll Consolidation Platform differs from traditional payroll aggregators and what businesses can gain from investing in a full-scope SaaS platform for global payroll management.

A (global) payroll aggregator is a type of global payroll solution that combines and coordinates local payroll providers in different countries under one umbrella. Service providers who choose the payroll aggregator model hence don’t process payroll themselves, but rely on a network of third-party partners instead.

The role of the aggregator consists in facilitating the management of multiple vendors for their client businesses so that the latter can process payroll for their globally distributed teams more easily. This is usually achieved through the use of an aggregation platform that serves as a centralized user interface for the customer and is used for collecting the data input needed for payroll from the client and transferring it to the different vendors.

Lano is the consolidated payroll platform for global teams. Our SaaS platform is designed to simplify global payroll management by allowing multinational businesses to:

• Standardize, centralize, and consolidate payroll data for all their entities, payroll providers, countries, and employment types (including contractors, direct employees, and EOR hires)

• Automate data flows between their HRIS, different ICPs and the payroll consolidation platform

• Unify fragmented compliance and payroll infrastructures across geographies

• Benefit from the expertise of real in-country payroll experts in 170+ countries

• Automate global payroll processes such as data input collection, payroll calculations audit, and payments

Lano’s multi-country payroll solution combines a consolidated payroll platform with embedded fintech solutions and a global ecosystem of integrations, payroll and compliance experts, and additional perks and benefits for building and scaling global teams.

Lano’s Payroll Consolidation Platform takes the aggregator approach to processing global payroll to a whole new level. While we leverage the expertise, skills and knowledge of our global partner network, our platform is more than just a tech layer that organizes different payroll vendors.

Rather than delivering a mere payroll processing platform, our global payroll solution is designed to provide multinational organizations with everything they need to deal with the complexities of running a multi-country payroll. In doing so, we follow a single-platform approach that sets us apart from other solutions in the market.

Integrations

Our consolidated payroll platform comes with a wide range of in-product partners and solution integrations to connect Lano with your existing HRIS and workforce management tools and systems such as Workday, Quickbooks, and Datev. Stick to your preferred workflows and add new tools through our very own Lano API whenever you need to.

Lano Marketplace

Through our Lano Marketplace, you get access to a range of additional services tailored to the needs of international businesses. On top of providing organizations with a unified platform to process and manage payroll for their global teams, we give them access to a full suite of services to support all their global expansion needs.

Global ecosystem

At Lano, we believe that it takes a partner-based approach to meet all the HR and payroll needs of globally expanding businesses. That’s why we are building a global ecosystem for payroll that not only consists of a growing network of first-class payroll, compliance and HR experts, but also encompasses a rapidly expanding network of partners from the global payroll, employment and talent acquisition space—plus various perks and benefits designed to enhance the overall experience of your global team.

Flexible contracts and pricing

Payroll aggregators typically offer very little flexibility when it comes to the duration and terms of their service contracts—often combined with strong vendor lock-in. At Lano, we work with flexible contract options and transparent pricing structures. No hidden or minimum costs, no need to buy a full package or pay a fixed price for a set number of employees. Instead, you pay as you grow. 

Combined employment solution

Lano’s Payroll Consolidation Platform comes with an integrated solution for hiring and scaling global teams. Thanks to our network of vetted Employer of Record partners, you can hire, onboard and pay talent in over 170 countries worldwide without having to set up a single legal entity. What’s more, you get a consolidated view of all your employees (EOR hires as well as direct hires on your payroll) and contractors via one single dashboard to help you keep track of your global workforce costs.

Built-in compliance

Our consolidated payroll platform includes several built-in compliance features that help you ensure your global payroll operations are compliant every step along the way. Automated compliance checks and payroll calculation audits make it easier to spot payroll errors early on and avoid costly compliance mistakes. Plus, you get to leverage the extensive knowledge and experience of our payroll partner network.

Embedded payment options

Payroll aggregators limit their services to providing a solution for multi-vendor management, leaving businesses with the challenges of paying their international employees. Lano’s Payroll Consolidation Platform comes with an embedded fintech solution that is designed to make cross-border payments quicker and easier. With Lano Wallet, global organizations can pay the salaries and invoices of their international teams in over 50 different currencies, while saving up to 3% on FX fees.

Flexible choice of providers

Payroll aggregators often have a limited partner network, which means that client businesses are forced to work with the providers chosen for them by the aggregator. Lano not only offers organizations an extensive network of vetted payroll partners to choose from, but also enables businesses to keep working with existing providers by bringing them to the Lano platform.

Lano’s consolidated payroll platform is the only SaaS platform that is built to support complex global payroll structures and comes with built-in compliance and payments features as well as with a growing ecosystem of integrations and service partners. With Lano, global businesses can:

• Truly automate and centralize their payroll operations on a global scale

• Leverage consolidated reporting and powerful payroll analytics to make informed business decisions 

• Gain actionable insights into payroll data

• Keep working with their preferred workforce management tools and payroll service providers

• Unlock the full potential of payroll automation to reduce global payroll errors, save time and enhance compliance

• Improve operational oversight in global payroll management 

• Choose new payroll providers from a global network of vetted partners covering 170+ countries

• Benefit from full performance transparency thanks to leading SLAs

• Have their global payroll up and running in less than one month

• Keep track of their global payroll thanks to real-time updates in payroll calculations