Samsung Electronics, a multi-billion dollar electronic and communications retailer and manufacturer with thousands of employees in different states, needed help with local and state tax withholding. The payroll department was manually searching to find the proper state and local tax withholding rates, and desperately needed a way to make the search faster, easier, and more accurate.
Payroll Point stood out to Samsung Electronics from the beginning of their search, because of the accuracy and dependable technology embedded in the product. Specifically, the geocoding aspect of Payroll Point, which pinpoints the exact latitude and longitude of a location, was a huge benefit to trying the product. The payroll department at Samsung hoped to drastically decrease the time spent searching for local taxes in complicated states, like Ohio, Pennsylvania, and Michigan.
"Payroll Point is a vital product to Samsung Electronics." - Kenneth Klimik, Payroll Manager
Payroll Point became the trusted solution for Samsung Electronics to properly identify various state and local taxes in different jurisdictions. Now, members of the payroll department are able to enter an address, and Payroll Point gives the proper tax jurisdiction almost instantaneously. Ultimately, the ease of use and the knowledge that Payroll Point is helping Samsung decrease payroll amendments, is enough to call the product a “win”. Using Payroll Point is much easier for the payroll department, and more efficient than manually searching and entering proper tax withholdings for multiple jurisdictions.
About Samsung Electronics:
For over 70 years, Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, and more. Samsung’s flagship company, Samsung Electronics, leads the global market in high-tech electronics manufacturing and digital media.
Through innovative, reliable products and services; talented people; a responsible approach to business and global citizenship; and collaboration with our partners and customers, Samsung is taking the world in imaginative new directions.