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Payroll Software Market Factor Analysis: Report Includes Value Chain Analysis, Manufacturing and Forecast to 2025 | SAP, Oracle (NetSuite), Pachex, Microsoft
Payroll Software Market
Several organizations are facing challenges in terms of filling tax reports and complying with other tax requirements, which lead to hefty penalties if not met with the regulations. Payroll software is assisting organizations in completing their tax filings and also informing about the changes made in the tax code. Payroll software, by reminding companies about the due dates, allows HR departments to effectively perform the payroll tasks.
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Global Payroll Software Market: Growth Factors
The HR department in an organization is able to track the number of hours that each employee has worked, and this data is utilized for calculating the salary compensation with the effective deployment of cloud-based payroll software. The benefits offered by cloud-based payroll software over on-premises software, such as cost-effectiveness, drive the cloud-based payroll software market growth. Similarly, unlike the on-premise solutions, the initial investments and cost of implementation are much lower for cloud-based counterpart.
Global Payroll Software Market: Segmentation
On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Type I, Type II. Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Large Enterprise, SME.
Global Payroll Software Market: Regional Analysis
Asia Pacific was a prominent market for Payroll Softwares in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Payroll Software market in Asia Pacific.
There are several manufacturers of Payroll Softwares in Europe and North America. In North America, the demand for Payroll Softwares is primarily driven by the residential sector. Improved standards of living and rising usage of Payroll Softwares for flooring purpose are anticipated to drive the market in North America.
Global Payroll Software Market: Competitive Players
Some of the major players that operate in the Global Payroll Software Market are SAP, Oracle (NetSuite), Automatic Data Processing,Inc, Pachex, Microsoft, Intuit, Sage, Workday, IBM Corporation, Infor, Kronos, Yonyou, Epicor, Unit4, Xero.
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Global Payroll Software Market: Regional Segment Analysis
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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Latest Industry Updates:
Oracle Corporation (NYSE:ORCL) today announced that it received notice of an unsolicited "mini-tender" offer by Ponos Industries LLC (Ponos Industries) to purchase up to 2,000,000 shares of Oracle capital stock, which represents approximately 0.063% of the common shares outstanding, at a price of $50.00 per share in cash.
Please be aware that shareholders are not required to respond to Ponos Industries' offer. Oracle does not endorse Ponos Industries' unsolicited mini-tender offer and recommends that Oracle shareholders do not tender their shares in the offer. Ponos Industries has included in the terms of its offer a condition that the closing price of Oracle's shares on the New York Stock Exchange on the last trading day prior to the expiration of the offer must exceed the $50.00 offer price. As a result, unless Ponos Industries decides to waive this condition, Oracle shareholders who tender their shares in the offer would receive a below market price for Oracle's shares through the tender offer. The mini-tender offer is subject to numerous other conditions, including that Ponos Industries needs to obtain financing for the offer. There is no assurance that the conditions to the offer will be satisfied and Oracle shareholders are cautioned that Ponos Industries can extend the offer and delay payment beyond the currently scheduled expiration date of 1:00 p.m. New York City time on April 24, 2020. Oracle is not associated with Ponos Industries, its mini-tender offer or the mini-tender offer documentation.
Mini-tender offers seek to acquire less than 5 percent of a company's shares outstanding. Consequently, they can avoid many disclosure and procedural requirements of U.S. Securities and Exchange Commission (SEC) rules that apply to offers for more than 5 percent of a company's shares outstanding
Table of Contents:
Global Payroll Software Market Report 2020
1 Payroll Software Definition
2 Global Payroll Software Market Major Player Share and Market Overview
3 Major Player Payroll Software Business Introduction
4 Global Payroll Software Market Segmentation (Region Level)
5 Global Payroll Software Market Segmentation (Product Type Level)
6 Global Payroll Software Market Segmentation (Industry Level)
7 Global Payroll Software Market Segmentation (Channel Level)
8 Payroll Software Market Forecast 2020-2024
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