Contemporary hiring practices have become increasingly remote and businesses are being met with global expansion earlier as they hire from new jurisdictions. Executing payments and handling the expenses of new, distributed employees will require the right tools and systems.
The classic response to expansion in new regions was a new entity. However, in response to remote practices, the EOR has emerged as an alternative solution. We detail all that an EOR covers in this ebook.
Choosing between an EOR and a subsidiary requires an understanding of their difference in functionality. We compare the two in this ebook to make that decision easier.
Once you understand the differences between an EOR and a subsidiary, we’ve compiled a follow-up set of questions to help you choose which solution is right for you.
International payments solutions become extremely important as you expand. Past payroll, new employees will always bring additional non-payroll expenses. How you execute payment and manage these expenses relies on the best systems.
A comprehensive spend management system can carry out international payments in a number of currencies securely, offering remote access for distributed teams and entities. Managing finance and accounting for your distributed teams just got easier.
Whether you choose an EOR or a subsidiary, it’s clear you’re growing. Choosing tech-based systems which are built to scale, such as a spend management system, will see your growth go further while providing you with the most comprehensive visibility, control, and automation you can get across your distributed teams or new entities.
