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Most finance and HR leaders share a common goal: a truly unified system for payroll, benefits, and accounts payable. But poor data quality — including payroll data — costs companies an average of $12.9 million annually, according to Gartner. To avoid that risk, opting for a unified system allows companies to make faster decisions with better accuracy and reduced compliance risk.
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Given the choice of adding more in-house staff or contracting third-party personnel to complete tasks, more and more organizations find co-sourcing is a better alternative. The Business Dictionary defines co-sourcing as "the combining of services from within and outside a business to achieve the same goal."
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