Scopuly

<p>BiGGER, an Australian software development company dedicated to supporting early-stage startups, recently expanded its global reach and scale by revolutionizing its payroll system through digital payouts on the Stellar Network. This innovative move marks a significant milestone in BiGGER&#39;s mission to eliminate obstacles for startups and propel them towards success.  </p><h2 id="header-0">The Challenges of Global Payroll </h2><p>Operating on an international level presents challenges for companies when it comes to paying their global workforce efficiently and securely. Issues such as fluctuating currency rates, handling multiple foreign currencies, and the manual processes involved in payroll administration for remote workers can create complications and inefficiencies for businesses striving to maintain seamless global operations.  </p><h2 id="header-1">BiGGER&#39;s Rapid Growth </h2><p>In response to its rapid growth and expansion, BiGGER found itself facing obstacles in managing payroll for its growing dispersed workforce, particularly employees based in Argentina. While the company initially utilized a crypto payout solution for its payments, the manual transfer of funds and individual payment issuance became increasingly cumbersome and difficult to scale as the workforce expanded.  </p><h2 id="header-2">The Solution Unveiled </h2><p>Recognizing the need for a more streamlined and automated payroll solution, BiGGER turned to the Stellar Development Platform (SDP) for assistance. With the SDP, BiGGER was able to deploy a turnkey solution that enabled them to execute cross-border bulk payouts to their global employees with speed, certainty, and transparency. What used to take hours over multiple payroll cycles is now completed in minutes, thanks to the efficiency of the new system.  </p><h2 id="header-3">Empowering Global Employees </h2><p>The implementation of the SDP has not only improved the speed and accuracy of payroll processing for BiGGER but has also empowered its employees, especially those in Argentina, who face challenges due to currency devaluation. By receiving their digital payouts in a stable digital asset, employees now have greater predictability and flexibility in managing their funds, offering them a sense of stability in an uncertain economic landscape.  </p><h2 id="header-4">A Seamless Transition </h2><p>With support from the Stellar Development Foundation team and leveraging their technical expertise, BiGGER successfully integrated the SDP into their operations within a matter of days, underscoring the platform&#39;s user-friendly interface and seamless deployment process. This bold step taken by BiGGER exemplifies their commitment to innovation and excellence in meeting the evolving needs of their global workforce.  </p><p>In conclusion, BiGGER&#39;s adoption of digital payouts on the Stellar Network signifies a significant leap forward in transforming global payroll processes and enhancing the financial well-being of their employees worldwide. This success story serves as a testament to the power of technology in overcoming operational challenges and driving business growth in the digital age.  </p><h3 id="subscribe-and-stay-up-to-date-with-the-latest-news">Subscribe and stay up to date with the latest news:  </h3><p>&#x1f539; Website: <a href="scopuly.com" rel="noopener noreferrer nofollow">scopuly.com</a> <br />&#x1f539; Telegram: <a href="t.me/scopuly" rel="noopener noreferrer nofollow">t.me/scopuly</a> <br />&#x1f539; Twitter: <a href="twitter.com/scopuly" rel="noopener noreferrer nofollow">twitter.com/scopuly</a> <br />&#x1f539; CoinMarketCap: <a href="shorturl.at/bwT03" rel="noopener noreferrer nofollow">shorturl.at/bwT03</a> <br />&#x1f539; Medium: <a href="scopuly.medium.com" rel="noopener noreferrer nofollow">scopuly.medium.com</a> <br />&#x1f539; YouTube: <a href="youtube.com/scopuly" rel="noopener noreferrer nofollow">youtube.com/scopuly</a></p>

BiGGER Expands Global Payroll Operations Using Digital Payouts on the Stellar Network

Table of Contents

Scopuly

Other articles published on Feb 23, 2024

Serenity Shield Q1 Updates

Phantom adds new wallet watcher feature

LUNC Price Jumps Following Governance Upgrade To Clean Up Ecosystem

Dogecoin Price Flashes Deja Vu as 2020’s Trading Pattern Suggests an Upcoming Bull Run

Ripple Network Sees Major XRP Transfers to Exchanges

The Turkish Central Bank Has Released CBDC Evaluation Report – Massive Surge in Crypto Interest L...

Join our free newsletter for daily crypto updates!