IRIS FMP is a well-established global payroll and HR solutions provider offering a comprehensive suite of services for businesses of all sizes. Specialising in simplifying international payroll management, IRIS FMP is a trusted partner for organisations navigating the complexities of global workforce compliance, taxation, and payments. Below is a detailed review of IRIS FMP, covering its company profile, key services, and notable pros and cons.
Company profile
- Founded: 2001
- Headquarters: Crawley, West Sussex, UK
- Parent Company: IRIS Software Group
- Core Focus: Global payroll and HR solutions
- Target Audience: Small, medium, and large enterprises with international payroll needs
IRIS FMP operates in over 135 countries, offering expertise in local payroll laws, taxation regulations, and compliance frameworks. The company caters to businesses with multi-country operations, providing solutions to centralise payroll processes and reduce administrative burden.
Key services offered
Global payroll outsourcing
IRIS FMP’s payroll services help businesses streamline the payment process for international employees and contractors. The company handles compliance, payroll calculations, tax deductions, and reporting across multiple jurisdictions. Services include:
- Payroll processing for full-time and contract employees
- Compliance with local regulations in over 135 countries
- Payroll consolidation for multi-country operations
HR and workforce management
IRIS FMP offers integrated HR solutions, enabling businesses to manage employee data, onboarding, benefits administration, and leave tracking on a centralised platform. Their HR services include:
- Workforce data management
- Employee lifecycle support
- HR compliance guidance
International payments
The company provides reliable international payment solutions to ensure accurate and timely payment of wages, taxes, and benefits. This service ensures compliance with currency exchange regulations and tax remittance requirements.
Global compliance and consultancy
IRIS FMP helps businesses stay compliant with country-specific payroll and HR laws, minimising the risk of penalties. Services include:
- Employment law advice
- Tax compliance support
- Country-specific payroll audits
Multi-currency payments and reporting
IRIS FMP provides multi-currency payment solutions and detailed reporting tools, making it easier for businesses to manage payroll data across different countries and currencies.
IRIS FMP pricing
IRIS FMP offers a transparent pricing structure, with fully managed payroll services starting at £50.00 plus VAT per month. This base price includes comprehensive payroll management, encompassing payroll calculations, payslip distribution, and reporting. For businesses with more complex requirements, such as international payroll processing or additional HR services, IRIS FMP provides custom quotes tailored to specific needs.
It’s important to note that while the starting price is competitive, certain advanced features—such as automated tax filing and time tracking—may not be included in the standard package and could incur additional costs. Therefore, businesses are advised to consult directly with IRIS FMP to obtain a detailed quote that aligns with their specific payroll and HR requirements.
By offering scalable solutions, IRIS FMP caters to a diverse range of businesses, from small enterprises to large multinationals, ensuring that each client receives a service package that fits their operational needs and budget.
Pros and cons of IRIS FMP
Pros:
- Global coverage: Operates in over 135 countries with local payroll expertise.
- Customisable solutions: Offers tailored payroll and HR solutions for businesses of varying sizes and complexities.
- Compliance assurance: Reduces the risk of non-compliance with local tax and labour laws.
- Centralised platform: Simplifies payroll and HR management for multi-country businesses.
- Trusted brand: Part of the reputable IRIS Software Group, known for robust payroll and HR software.
Cons:
- Price transparency: Specific pricing details for services are not readily available online.
- Scalability challenges: May not suit businesses with rapidly changing payroll or HR needs without tailored adjustments.
- Potential dependency: Outsourcing payroll entirely could reduce in-house control over sensitive processes.
Verdict
IRIS FMP is a reliable choice for businesses seeking expert support in global payroll and HR management. Its extensive network, compliance expertise, and integrated services make it particularly valuable for organisations managing a dispersed workforce.
While pricing and scalability considerations may warrant closer review, IRIS FMP remains a leading provider for businesses prioritising compliance and efficiency in their international operations.
Businesses interested in leveraging IRIS FMP’s services should evaluate their specific payroll and HR requirements and request tailored quotes to understand the full scope of costs.
FAQ
IRIS FMP serves a broad range of industries, including retail, healthcare, technology, manufacturing, and professional services. Their solutions are adaptable to various sectors with specific payroll and HR needs.
Yes, IRIS FMP provides payroll services for both permanent employees and contract workers, ensuring compliance with local tax laws and regulations for different employment types.
IRIS FMP supports integrations with popular HR and accounting software, allowing businesses to streamline data transfer and reporting between platforms.
IRIS FMP offers dedicated account management and customer support, including access to payroll experts and compliance specialists. Support is typically available through email, phone, and an online portal.
Yes, IRIS FMP assists with year-end payroll and tax reporting, including preparation and submission of relevant documentation in compliance with local laws.
IRIS FMP uses advanced encryption and compliance with GDPR and other international data protection standards to safeguard client information.
Yes, IRIS FMP is suitable for small businesses as well as larger organisations. Their scalable solutions allow smaller companies to benefit from professional payroll and compliance services.
The implementation process begins with an initial consultation to understand business needs, followed by system setup, data migration, and testing. The onboarding team ensures a smooth transition with minimal disruption to ongoing operations.