Handling payroll and HR for a large, global workforce is an immense challenge that most companies struggle with.
LOKI Systems offers an advanced SaaS platform designed specifically to meet the complex payroll and HR needs of enterprise organizations worldwide.
In this review, we'll explore LOKI's configurable engine, global capabilities, analytics, implementation support, pricing, and more to see if it's the right fit for your large business.
Introduction to LOKI Systems
LOKI Systems offers robust payroll and HR solutions tailored for large enterprises with complex needs. Their platform streamlines payroll, tax, compliance, and other critical workforce processes.
Overview of LOKI Systems
LOKI Systems specializes in advanced cloud-based payroll and HR technology built for enterprises with over 1,000 employees. Their solutions help streamline complex compensation, benefits, tax, and compliance tasks across large, global workforces.
Key Features and Tools
LOKI Systems equips large enterprises with the following key features:
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Configurable Pay Rules Engine: Customize compensation plans across the organization with flexible pay rules and automatic calculations.
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Automated Tax Engine: Automatically compute payroll taxes across multiple entities and locations for global workforces.
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Advanced Reporting and Analytics: Generate real-time insights into payroll costs, compliance issues, overtime spend, and other workforce metrics.
With these tools, enterprises can simplify payroll and HR workflows for large, distributed workforces while maintaining compliance and gaining data-driven insights.
Benefits for Large Enterprises
LOKI Systems offers significant advantages for enterprises with large, complex workforces:
Scalability
LOKI Systems is designed to effortlessly manage payroll for even the largest global workforces. The platform can easily scale to support over 100,000 employees across multiple countries and currencies. This enables large enterprises to handle payroll efficiently without needing to integrate multiple systems.
Configurability
The platform provides extensive configuration options to tailor pay rules, taxes, deductions, and other parameters to each enterprise's specific needs. This high degree of flexibility ensures the solution can adapt as the business evolves. LOKI's team of implementation experts help customize the platform upon onboarding.
Real-Time Visibility
LOKI offers interactive dashboards that provide real-time visibility into payroll costs, compliance, and trends. Executives can monitor key metrics to optimize strategic workforce decisions and financial performance. The system automatically flags any issues to proactively mitigate risks.
Global Capabilities
With coverage across over 150 countries in 100+ currencies, LOKI Systems can handle multi-national payroll and remain locally compliant. Built-in global capabilities reduce the need for multiple vendors and streamline international workforce management.
Workforce Analytics
Powerful workforce analytics uncover data-driven insights to inform better decisions on costs, productivity, retention, overtime, absence patterns, and more. LOKI transforms payroll data into strategic intelligence for data-driven workforce optimization.
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Implementation and Support
LOKI Systems provides dedicated support for platform implementation and ongoing optimization:
Onboarding and Integration
LOKI experts handle data migration, system integration, and training to ensure a smooth transition process. They work closely with your team to customize the platform, migrate historical data, integrate with existing systems, and train end users.
Ongoing Optimization
Specialized LOKI support teams continually monitor system usage to identify opportunities for optimization. They proactively make adjustments to improve workflow efficiency, maximize accuracy, and enhance the user experience.
Global Support Network
With support hubs across North America, EMEA, and APAC, LOKI offers 24/7 multi-lingual assistance spanning various time zones. Users have access to context-aware help in their preferred language.
Proactive Updates
The LOKI platform receives regular feature enhancements and updates to ensure continual compliance with evolving regulations and standards. Support teams manage the update process to minimize business disruption.
Pricing and Contracts
LOKI Systems offers flexible pricing models to meet enterprise payroll needs, including:
Per-Employee Pricing
LOKI Systems provides predictable payroll costs based on the number of employees a business has. This per-employee pricing model allows enterprises to budget effectively, without unexpected fluctuations in payroll expenses.
With per-employee pricing, costs remain consistent regardless of payroll processing volume. There are no surprise fees for additional pay runs, off-cycle payments, or other one-off payroll events.
This pricing model provides stability for forecasting expenses and controlling costs over time as the workforce grows or shrinks.
Volume-Based Discounts
For large enterprises with over 10,000 employees, LOKI Systems offers significant volume-based discounts on payroll pricing.
The more employees paid through LOKI's system, the lower the per-employee rate becomes. Enterprises unlock tiered discounts at set volume milestones such as 10,000, 25,000, 50,000 and 100,000+ employees.
Volume discounts can lead to considerable cost savings for enterprises with large, global workforces. The discounts increase with higher tiers, with the most competitive rates offered to those with 100,000+ employees.
No Long-Term Commitments
Unlike some payroll providers that require multi-year contracts, LOKI Systems offers flexible monthly terms.
There are no long-term commitments required to access LOKI's volume discounts or competitive enterprise pricing.
With month-to-month terms, enterprises can adjust service levels as their payroll needs evolve. This contract flexibility provides an advantage for rapidly growing or changing organizations.
Conclusion and Recommendations
LOKI Systems provides robust payroll solutions tailored for large, global enterprises. With specialized tools to manage complex workforces and dedicated support capabilities, they are well-suited for organizations with over 1,000 employees.
Key Takeaways
In summary, key benefits of LOKI Systems include:
- Scalability: Customizable to handle payrolls of 100,000+ employees
- Real-time analytics: Access robust workforce insights on demand
- Customization: Tailor payroll rules, taxes, payments, and reports
- Global support: 200+ country coverage and localized languages
Next Steps
To learn more about LOKI Systems' enterprise payroll solutions:
- Request a demo on their website to discuss your organization's specific needs
- Speak with a product specialist to map capabilities to your global workforce requirements
- Sign up for an introductory webinar to see key features in action
With deep expertise supporting complex multinational payrolls, LOKI Systems simplifies global workforce management. Their combination of scalable technology and dedicated support provides confidence for enterprises with large, diverse workforces.
