The CFO’s Secret to Global Business Expansion: Keep Costs Low and Grow Fast
Employers of record smooth the path to international expansion, according to new CFO survey
For many companies, expanding internationally has become less an option and more an imperative. But expanding globally can also can be fraught with many challenges - especially when navigating unfamiliar customs, like legal, regulatory and even cultural. In a new survey of senior finance executives working towards expansion, 51% report that legal, HR, or tax compliance challenges have been a substantial barrier to implementing their international strategy. So how do you manage these challenges?
Report Snapshot
51% of Senior Finance Executives report that legal, HR or tax compliance challenges have been a substantial barrier to implementing their international strategy.
58% of respondents say that they already use a global EOR (Employer of Record) or plan to do so within the next three years