ESPP payroll controls

Employee Stock Purchase Plans (ESPPs) allow employees to purchase company stock at a discount through after-tax payroll deductions. If your company offers an ESPP, you need to have a reliable system for managing plan administration and global payroll compliance as there can be a problematic gap between these areas. This gap can result in data inaccuracies, incorrect financial reporting and more.

Change the way you manage your ESPP payroll processes for the better; here are some new ways to succeed in ESPP payroll management that will:

• E​​nhance the speed of your review processes, participant experience and overall corporate compliance;
• Allow you to monitor compliance and make adjustments real-time in all countries where your plan is offered, not just the largest or high risk areas;
• Help with the availability and accuracy of global employee data; and
• Ensure multiple global payrolls timely complete necessary reporting and withholding procedures.