Solutions/Contractor management/Multi-currency fees
Regional operations
Multi-currency fees
Each market was paid in local currency or an agreed foreign currency. Contracts and evidence sat by market for headquarters to check.
Project background
Regional operations used short project people in several markets. Fees went to one offshore account. Countries differ on where pay must land and what evidence they want.
Contracts, payments, and evidence moved by market. Headquarters can still see a pack. One wire cannot cover every on-site fact.
Profile
- Place of work and place of payment sit in that market’s contract.
- Currency is local, or a foreign currency the contract names, with matching evidence.
- End dates are managed by market, not one regional day.
- One offshore wire is not each country’s payment.
Search timeline
First gate
Market contracts in 3 weeks
Second gate
Paid by market through close
Market contracts and payment paths closed in three weeks. Each market then ended on its own date, with evidence in its own file.
CVs presented
Presented
9
Landed
3
Nine people in three markets. The second figure is markets.
What we took from it
Headquarters still saw total cost. Each inspection sees that market’s contract and payment. The single offshore wire stopped.
One regional end date opens a gap in a market that is still on site. Calendars by market are safer than one regional day.
For the next brief: place of work and place of payment first. Headquarters payment habit second. Habit follows the country of work.