Union KBC AMC Pvt Ltd finds the best payroll partner
in ADP to meet its expanding business demands
Union KBC AMC was launched as a joint venture between Union Bank of India and KBC Asset Management NV in 2010.
Even at the start-up phase, Union KBC AMC had a clear goal of ensuring that the statutory adherences and payroll for its employees should be a seamless affair happening regularly with minimal hiccups.The goal of HR department was to focus on putting the team together and be able to contribute to the success of this new venture through constant innovation in human resource processes while maintaining the payroll and statutory adherences as required under the applicable state and central legislations.
Anil Chandran, Head HR and the company’s senior executive team member decided to outsource the paperwork and free themselves from getting bogged down by the innumerable rules and compliances that every state in India has to follow.
In hindsight, it was one of the best business decisions that Union KBC did as a start-up to go with ADP to manage their payroll, statutory and compliances.
Overcoming challenges in payroll
As a start-up, you know the road ahead would be bumpy and hence you wish to partner with a customer centric vendor- who is aligned to client’s interests and provides reliable expertise. In ADP, Union KBC found itself a partner who could adapt to the various factors governing employee payroll and statutory legislations. Right from the accurate timely payment to an ever changing employee count, to the expanding payroll requirements of Union KBC.
Union KBC has come to depend on ADP to process monthly payroll, administer the various employee benefits and manage all the complex requirements that a company experiences when it has its workforce spread across 20 different states that follow different compliance and rules for payroll.
This was practically viable because of the depth of knowledge and advice on the various domains that was delivered to them by ADP’s dedicated experts and the account management team.