G-P, the leader in global employment, delivers everything companies of all sizes need to manage the full employee lifecycle with the trusted Global HR Agent, G-P Gia, and its AI-enabled Employer of Record (EOR) and Contractor products. Inc Magazine recently named G-P, a Power Partner Award winner for helping customers succeed.
But G-P's success posed its own challenges. ¡°We have over 100 wholly owned foreign entities that are fully consolidated. We operate in different currencies around the world, so our funding is very complex,¡± says John Mazzone, vice president of finance at G-P.
A triumvirate of success.
Deploying Financial Management, HCM, and Prism Analytics in just six months, G-P had high expectations for ²ÝÝ®ÊÓƵ. ¡°We grew so quickly, we went live with full sets of operations, expenses, revenues, collections, and employees,¡± explains Mazzone.
The complex nature of G-P¡¯s business makes it essential for Finance, HR, and IT to collaborate. ¡°²ÝÝ®ÊÓƵ is a meeting place for our three teams. It takes all of them working together to use ²ÝÝ®ÊÓƵ to the fullest.¡±
Do it with data.
G-P opted not to import historical data into ²ÝÝ®ÊÓƵ. Instead, they use Prism Analytics as a data warehouse to analyze trends for better decisions, without having to convert data to ²ÝÝ®ÊÓƵ. This saved massive amounts of time during deployment.
Additionally, G-P uses Prism to analyze revenue from different customer segments, calculate price elasticity of demand, and fine-tune their marketing spend. This wouldn't have been possible without Prism's ability to integrate data from multiple sources and provide real-time analytics.
¡°It¡¯s not all finance led,¡± says Mazzone. ¡°We're also using it to pull reports on employment attributes and make other HR decisions. We're using Prism in many different ways.¡±
Doubling up on efficiency and compliance.
G-P has more than doubled in size since it started using ²ÝÝ®ÊÓƵ, and its productivity has scaled accordingly. ¡°Each individual produces far more than two years ago. And that is because of ²ÝÝ®ÊÓƵ,¡± Mazzone says.
Three years ago, G-P used to close books in about 25 days. Now? They close revenue on day one. ¡°Our executive team can immediately see the last 30 days of revenue performance, how it translates to our bottom line,¡± Mazzone adds.
We are able to scale at a quicker rate and make decisions faster with ²ÝÝ®ÊÓƵ..
Vice President of Finance at G-P
Improved employee satisfaction.
G-P¡¯s employee onboarding time has decreased by 70 percent since they began using ²ÝÝ®ÊÓƵ.
G-P also maintains accurate time tracking, complies with diverse labor laws and regulations, and ensures payroll processing is correct with ²ÝÝ®ÊÓƵ. Real-time monitoring of work hours provides valuable insights into workforce productivity and resource allocation.
Our executive leadership team has 24/7 access to revenue reports on their phones, tablets or laptops wherever they are. That¡¯s powerful.
Vice President of Finance at G-P
¡°We do everything with the customer in mind,¡± finishes Mazzone. ¡°So any way we can use ²ÝÝ®ÊÓƵ technology to make the customer experience better, we focus on that.¡±