Dublin, July 22, 2019 (GLOBE NEWSWIRE) -- The "Global HR Payroll Processing Services Category - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

This report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

One of the procurement best practices for buyers is to engage with service providers that use cloud-based payroll software to obtain accurate payroll services in a cost-effective and timely manner.

According to the report, one of the key growth contributors for the global HR payroll processing services market is the rapid adoption of cloud-based payroll solutions that are flexible, require shorter implementation time, and other characteristic benefits.

Further, the report states that one of the key category management strategies for the buyers in the global HR payroll processing services market is to obtain supply assurance since any delays in the service lead to significant wastage of time.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.

Category driver

• Rapid growth of multi-country payroll processing market

Category management strategy

• Outsourcing of HR payroll processing services to achieve up to 20% cost savings

Procurement best practices

• Ensuring participation and collaboration of cross-functional teams

Key Topics Covered

PART 01: Executive Summary

PART 02: Market Insights

• Global category spend
• Category spend growth
• Spend segmentation by region
• Regional spend dynamics
• Regional influence on global spend
• Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

• Pricing outlook
• Supplier cost structure
• Outlook for input costs
• Total cost of ownership analysis
• Overview of pricing models
• Comparison of pricing models
• Supply chain margins
• Cost drivers impacting pricing
• Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

• Supplier-side levers
• Buyer-side levers
• Quantifying cost-saving opportunities
• Quantifying cost savings by negotiation strategies

PART 05: Best Practices

• Innovation and success stories
• Procurement excellence best practices
• Procurement best practices
• Sustainability practices

PART 05: Best Practices

• Innovation and success stories
• Procurement excellence best practices
• Procurement best practices
• Sustainability practices

PART 07: Category Management Strategy

• Category management objectives
• Supplier and buyer KPIs
• Outsourcing category management activities
• Risk management

PART 08: Category Management Enablers

• Procurement organization
• Category enablers

PART 09: Suppliers Selection

• RFx Essentials
• Supplier selection criteria
• Service Level Agreement
• Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

• Overview
• Supplier positioning
• Profile: Paychex
• Profile: ADP
• Profile: Conduent
• Profile: Intuit
• Profile: Aon
• Profile: SD Worx

PART 11: US Market Insights

• Category spend in the US
• Price outlook
• Supplier cost structure in the US
• Margins of suppliers in the US
• Category cost drivers
• Category volume drivers
• Overview of best practices in the US
• Procurement best practices in the US
• US supply market overview
• Supplier positioning for the US
• Regional category risks

PART 12: Category Definition

• Category hierarchy
• Category scope
• Category map

List of Exhibits

• Global category spend (2018-2023)
• Category spend growth (2018-2023)
• Regional spend dynamics
• Regional spend dynamics
• Comparison of category maturity across regions
• Regional spend opportunity for suppliers (2018-2023)
• Category pricing dynamics
• Supplier cost breakup
• Input cost dynamics
• Total cost of ownership model
• Benefit comparison of pricing models
• Pricing models - Comparison matrix
• Supplier margin analysis
• Margin analysis across supply chain
• Cost drivers
• Volume drivers
• Cost-saving opportunities: Supply-side levers
• Cost-saving opportunities: Demand-side levers
• Cost-saving opportunity matrix
• Negotiation grid
• Innovation and success stories
• Procurement excellence summary: Impact on the category
• Supplier relationship management metrics
• Strategic sourcing and category management metrics
• Technology-facilitated procurement metrics
• Procurement best practices dashboard
• Sustainability practices: Impact on the category
• Sustainability best practices
• Market environment score
• Market competitiveness score
• Buyer power score
• Supplier power score
• Ease of market entry score
• Ease of substitution score
• Buyer ecosystem: Outlook
• Supplier ecosystem: Outlook
• Ecosystem disruption threats
• Key category management objectives
• Supplier KPI dashboard: Importance for the category
• Buyer KPI dashboard: Importance for the category
• Category management enablers
• Risk management matrix
• Category enablers: Organization
• Category enablers: Technology
• RFx questions
• Phase I RFI considerations
• SLA terms
• Supplier performance benchmarking criteria
• Supplier operational capability matrix
• Supplier positioning matrix
• Paychex - Key information dashboard
• ADP - Key information dashboard
• Conduent - Key information dashboard
• Intuit - Key information dashboard
• Aon - Key information dashboard
• SD Worx - Key information dashboard
• US category spend (2018-2023)
• Category pricing dynamics
• Supplier cost breakup
• Supplier margin analysis
• Margin analysis across supply chain
• Cost drivers
• Volume drivers
• Procurement excellence summary: Impact on the category
• Supplier relationship management
• Strategic sourcing and category management
• Technology-facilitated procurement
• Procurement best practices dashboard
• Supplier operational capability matrix
• Supplier positioning matrix
• Risk management matrix
• Category definition
• Category nuances
• Importance of category relative to other categories

For more information about this report visit https://www.researchandmarkets.com/r/3ispqk

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Related Topics: Payroll