February 15, 2019

TMF Group named industry ‘Leader’ and ‘Star Performer’ in global payroll offering by Everest Group

[Corporate Partner News]

03 October 2018

Everest Group identifies TMF Group as an industry-leading firm, in its Service Provider Landscape and Multi-Country Payroll Outsourcing (MCPO) PEAK Matrix™ Assessment 2018

TMF Group, a leading provider of global business services, has been named a leader for its payroll services in Everest Group’s Multi-Country Payroll Outsourcing (MCPO) Service Provider Landscape and PEAK Matrix™ Assessment 2018. 

TMF Group is one of three firms, out of the 15 firms and over 1,000 deals assessed, that has earned the titles of ‘Leader’ and ‘Star Performer’, according to the independent research firm, Everest Group. The accolade reinforces TMF Group’s strength, global coverage, innovation and the expansion of their global end-to-end payroll processing, supported by the TMF Horizon online platform, noted particularly for its success with small and medium-sized business clients. 

Everest Group’s 2018 MCPO PEAK Matrix™ Assessment, is an independent report assessing market impact and vision, and capability of MCPO service providers. The report analyses attributes including clients, recent wins, revenue, service and technology offerings, country coverage and partnerships, and benchmarks companies against this data.   

The 2018 assessment places TMF Group as dominant market leader when assessed by number of active deals (live contracts to provide multi-country payroll services for clients). By this measure, TMF Group dominated the market with a 61% market share, compared to its closest competitor ADP, with 17%. 

When examining MCPO market share by the number of countries covered, Everest Group found that TMF Group has the largest market share by number of active deals in all three subsectors of country coverage: 2 – 5 countries, 5 -10 countries and greater than 10 countries (market share by TMF Group is 66%, 67% and 66% in each subsector, respectively). 

The report by Everest Group was compiled using its proprietary database of over 1,000 MCPO deals and the operational capability of 15 MCPO service providers. Everest Group measures companies’ market impact and vision and capability to create the MCPO PEAK Matrix™. 

Darren Beal, Portfolio Director at TMF Group, said: 

“We’re delighted to be named a ‘Leader’ and ‘Star Performer’ for our global payroll services based on the number of deals, service, innovation and growth that we have displayed. TMF Group is increasingly seen as the provider of choice, shown by our lead in market share, which is credit to our local experts across the globe, who provide specialist knowledge to our clients and the continued investment into TMF Horizon, together supporting end-to-end payroll processing.” 

 Anil Vijayan, Practice Director at Everest Group, added:

“TMF Group has continued to build on its success in the Multi Country Payroll Outsourcing (MCPO) market. Continuous investments in its platform and integration capabilities, combined with a differentiated delivery model focused on a local presence have contributed to creating a robust solution, which is particularly appealing to the small market. With a solid foundation in place and additional investments planned around digital technologies, TMF Group is poised to capitalize on opportunities in this fast-growing market.”

To view the full report, see here.

-ENDS-

For further information, please contact:

Sunita Ghalley
PR and Communications | TMF Group
sunita.ghalley@tmf-group.com | 0207 832 8954

About TMF Group

TMF Group is a leading global provider of high value business services to clients operating and investing internationally. It focuses on providing highly specialised and business-critical financial, legal and human resource administrative services that enable clients to operate their corporate structures, finance vehicles and investment funds in different geographical locations. TMF Group has operations in more than 80 countries across the Americas, Asia Pacific, Europe, the Middle East and Africa. www.tmf-group.com

 

More News

See all

June 01, 2023

[EXTENDED] [Work @ EuroCham] ADVOCACY MANAGER

Read more

June 01, 2023

[EXTENDED] [Work @ EuroCham] JUNIOR EXTERNAL RELATIONS OFFICER

Read more

May 29, 2023

EuroCham in the News

Read more

May 26, 2023

Addressing foreign work permit challenges: EuroCham and MOLISA hold discussions

Read more

May 25, 2023

EuroCham Chairman Gabor Fluit publicizes the upcoming Business Connection Forum for EuroCham-Tay Ninh partnership

Read more

May 25, 2023

EuroCham welcomes new members at an orientation in Hanoi

Read more

May 24, 2023

Airbus and the Vietnam Academy of Science and Technology celebrate milestone achievement as VNREDSat-1 exceeds expectations in remarkable decade of orbital success

Read more

May 24, 2023

Nordcham Business Briefing details Power Development Plan VIII

Read more

May 24, 2023

Exploring Vietnam’s retail market & consumer trends at EuroCham’s luncheon seminar

Read more

May 22, 2023

Vietnam achieves major breakthrough in energy sector with approval of Power Development Plan (PDP) VIII

Read more

May 22, 2023

EuroCham in the News

Read more

May 19, 2023

IP Business Advisor from the South-East Asia IP SME Helpdesk joins global brand professionals at INTA Annual Meeting Live+ in Singapore

Read more

May 18, 2023

EuroCham’s visit to Roche Diagnostics: spotlight on the crucial role of diagnostics and advocacy for a strong medical devices sector

Read more

May 18, 2023

[CORPORATE] Vietnam National Architecture Award 2022-2023 – Deutsches Haus Ho Chi Minh won the highest award

Read more

May 17, 2023

[Work @ EuroCham] Public Relations Coordinator – based in Ho Chi Minh City

Read more

May 16, 2023

The signing of Vietnam’s Power Development Plan (PDP) VIII marks a milestone for sustainable energy development and increased international investment

Read more

May 15, 2023

EuroCham in the News

Read more

May 15, 2023

EuroCham receives award from the Vietnam Investment Review for promoting foreign investment in Vietnam

Read more

May 15, 2023

EuroCham joins Hoan My Medical Group at Prima’s grand unveiling

Read more

May 12, 2023

EuroCham raises concerns on Credit Institutions Law at meeting with Vietnam’s National Assembly’s Economic Committee

Read more

May 12, 2023

EuroCham holds productive meetings in Hanoi with key Vietnamese officials

Read more

May 12, 2023

Spanish Chamber of Commerce Vietnam holds official launching, paving the way for stronger Spain-Vietnam economic ties

Read more

May 11, 2023

Successful resumption of Business Thursdays series, hosted by EuroCham for May, attracts over 120 attendees

Read more

May 11, 2023

VIETRADE panel: FAABS Chairman Jesper Clausen Urges Vietnam to Embrace EVFTA and Promote Sustainable Products for EU Market Success

Read more

May 10, 2023

Chairman Gabor Fluit joins EU Delegation Europe Day celebration in Ho Chi Minh City

Read more

May 09, 2023

HAPPY EUROPE DAY!

Read more

May 09, 2023

EuroCham representatives attend workshop on draft Law on E-Transactions organized by the Science, Technology and Environment Committee of the National Assembly

Read more

May 08, 2023

The EuroCham Digital Sector Committee hosts webinar on insights and guidance for ensuring compliance with Vietnam’s Personal Data Protection Decree

Read more

May 08, 2023

EuroCham in the News

Read more

May 07, 2023

EuroCham attends activities as part of Luxembourg’s mission to Vietnam, along with Vietnam’s Minister of Industry and Trade Nguyen Hong Dien as well as Luxembourg Prime Minister Xavier Bettel

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners