A review of Ceridian Dayforce payroll for Canadian businesses going global

When Canadian businesses make the decision to expand their horizons, managing international payroll becomes a new challenge to tackle. Ceridian Dayforce is a payroll solution that offers industry-tailored solutions for growing enterprising of all sizes, with features like global payroll and tax services. While we’ll go over the features and pricing of Ceridian Dayforce in this article, we’ll also check out Wise as a cost-effective alternative for money transfers across borders.

How to set up Ceridian Dayforce Payroll in Canada

Step 1: Using Ceridian payroll services for the first time requires you to contact Ceridian’s sales team. Through their ‘Let’s Talk’ form, you’ll need to fill out personal information as well as your company name and total employees. Someone from the team will reach out to you to discuss your payroll needs.

Note that Ceridian’s Payroll offering is bundled into their enterprise human capital management (HCM) software, which means you’ll also have access to their full suite of products. Dayforce is also geared toward businesses with 100+ employees, so you’ll want to opt for their Powerpay solution if you’re a smaller business.

Step 2: Once you’ve set up your account, you’ll need to approve the payroll calendar, set up any deduction and contribution cycles, and make sure all employee information is filled out. Your payroll settings and bank account should be configured properly in order for the software to start working.

Step 3: With your login details, you can access Ceridian’s payroll solution at any time, enjoy local, provincial, and federal tax services, and pay your employees accurately and efficiently.

Ceridian also integrates with multiple software and technology partners, including Branier (e-learning solutions), Cornerstone (talent management solutions), and Asurint (background checks), so your business has everything it needs to operate smoothly, especially in a global marketplace.

The Dayforce HCM mobile app

The Ceridian payroll app lets employers and their employees manage all aspects of work life in the palm of their hand. Employees can send in requests for time off, preview their earnings, and clock their time on the go, while employers can complete tasks without needing a computer and authorize timesheets.

The app is much like the desktop software – easy to use and robust – where there are clear sections on the app for each module of the Dayforce HCM system. Each section is intuitively designed for quick navigation so that important functions are just a few taps away.

For example, the 'Schedule' section lets employees view their upcoming shift, and employers benefit from the 'Timesheets' section, where they can approve or adjust employee hours. This level of accessibility not only gives employees a lot more autonomy but also makes business operations more agile, making the Dayforce mobile app a great tool for payroll management.²

Compliance and security with Ceridian Dayforce payroll

Especially when it comes to a mixed local and global workforce, compliance and security are two important things to consider. Luckily, Ceridian Dayforce’s system is designed to stay ahead of these compliance challenges by keeping up-to-date with labour and tax laws that differ by area.

With compliance errors being something that can cost companies money and their reputation, Ceridian’s proactive automated-manual hybrid solution is a fantastic fit for any business. Their workforce platform minimizes the risk of errors by keeping your pay rules compliant with any changes in laws or rules while still giving you control over your payroll.³ With global payroll, you can rest easy knowing that local payroll professionals will provide the most recent in-region information on pay and tax regulations.⁴

In addition, Ceridian comes with an enterprise-grade security model with privacy-by-design embedded into its product. Security measures such as data encryption and multi-factor authentication are all there to guard sensitive payroll data. And with enterprise-grade governance, too, their standards for security, privacy, vendor management, and more are set high. Dayforce undergoes regular third-party audits and is compliant with global standards such as ISO 27001.⁵

Ceridian payroll pricing and cost considerations

Ceridian doesn’t publicly disclose their pricing structure, but we can assume potentially higher costs compared to standalone payroll solutions. As Dayforce is a full enterprise HCM software, it might not be the best fit if your business is simply looking for a dedicated international payroll solution.

International payroll services with Wise

If you’re seeking a standalone international payroll service that’s efficient and cost-effective, Wise Business offers businesses a compelling alternative to traditional payroll services like Ceridian Dayforce.

One of the Wise Business account's most attractive features is its transparent, pay-as-you-go fee structure. After a one-time fee of 42 CAD, you can enjoy the real, mid-market exchange rate when converting cash, as well as conversion and sending fees as little as 0.43%. Unlike many services that charge hefty fees and hide additional costs within inflated exchange rates, you can save money for your business.

With Wise Business, businesses can hold over 40 currencies in their account, which means they can pay employees in their local currency while avoiding recurrent conversion fees. So, if you’ve got employees in Asia, Europe, and North America, you can convert to and hold onto those currencies when rates are favourable and pay them with ease.

Wise further simplifies the payroll process through its robust API. Using the Wise API, businesses can automate their international payroll by integrating Wise’s money transfer service right into their existing business banking platform. Payroll managers can easily send batch payments to multiple employees in different currencies – saving them time.

Wise Business is a powerful, cost-effective tool for businesses tackling international payroll. So, if your business is looking to efficiently manage global payments without the burden of excessive charges, it might just be for you!

Take your business beyond borders with Wise