AscentHR APAC payroll expansion gathers speed with AscentHR’s purchase of OS HRS. This acquisition will help improve regional payroll services. Additionally, AscentHR APAC payroll expansion will increase AscentHR’s presence in Asia-Pacific and the Middle East.
AscentHR is a global company providing HR technologies and workforce solutions. The company provides payroll, compliance, and workforce management solutions worldwide. On the other hand, OS HRS has more than twenty years of payroll outsourcing experience.
Commenting on the acquisition, Subramanyam S., Founder & CEO, AscentHR, said: “This marks an important milestone in AscentHR’s vision of building a leading regional payroll and workforce solutions platform. OS HRS brings deep regional expertise, strong customer relationships, and an outstanding reputation for payroll excellence. Together, we are creating a stronger organisation with expanded capabilities, enhanced regional reach, and the ability to deliver greater value to customers across Asia-Pacific.”
Integration Enhances Regional Payroll Capabilities
The takeover comprises OS-HRS Malaysia, OS-HRS Japan, and OS-HRS India. AscentHR has purchased all the equity from BREXA Inc. based out of Tokyo. But no information on the finances has been shared. This is a very positive step for the growth of payroll services by AscentHR APAC. Compliance skills and operations will be strengthened in major markets including India, Japan, China, Malaysia, Korea, and Singapore.
Furthermore, the combined organisation will support multinational enterprises more effectively. It will provide an integrated payroll service with sound local expertise. Moreover, the clients will enjoy efficient workforce management as well.
With this strategic alliance, the technologies, managed services, and compliance expertise provided by AscentHR will be combined with the payroll expertise already possessed by OS HRS. The merged entity will therefore offer:
- In-country compliance expertise.
- Technology and platform integration of HR.
- Rapid deployment of payroll within the region.
- Language expertise with rapid customer support.
The integration is between advanced HR technology and proven payroll systems. This means that the firm will offer quicker deployments and increased service quality. Moreover, clients will have support in their native language and responsive service. The process will be done in phases for an easier transition. At the same time, the firm will maintain its focus on innovation and growth regionally.
Explore HR Tech News for the latest advancements in Human Resources Technologies and insightful updates from industry experts!
News Source: Businesswire.com
