Columbia ICAP

Business Challenges

Managing payrolls in multiple countries and ensuring each was meeting statutory compliance requirements was problematic. Also, because the University is federally funded, it operates under tight financial controls. All donors must receive an e-cert within specific reporting timeframes.

The payroll process was time-consuming and costly, and as Columbia ICAP operates a point-to- point model and contracts with multiple vendors globally, it did not benefit from volume pricing.

The Immedis Solution

Columbia replaced multiple payroll processing systems with the Immedis Platform to deliver payments to 1,500 employees across 26 countries.

• Validation checks are completed automatically, reducing manual input and error rates.
• Immedis delivers both local and USD currency based journal entries, facilitating improved treasury management.
• The Immedis Platform streamlines the reporting process enabling Columbia ICAP to generate e- certs automatically.
• The Immedis Operations Team collaboratively works with Columbia ICAP to address any concerns in a timely manner.

Download the Columbia ICAP Case Study here.