SAN FRANCISCO (October 17, 2023)—Today Topia announced the launch of an on-demand cost estimate tool which will make it quicker, easier and cheaper for companies to assess the costs associated with their global talent mobility initiatives.
Topia’s dedicated cost estimate tool offers global mobility professionals greater flexibility as they plan their programs and will help them provide better data back to their businesses on the costs associated with different approaches to mobility projects so they can make more informed decisions.
Many companies have had to outsource the creation of cost estimates to third party providers, which can lead to delays in getting relevant information on potential project spend and an inability to make simple adjustments when there are changes to the project scope. Companies also incur significant costs when outsourcing cost estimates, especially if multiple scenarios need to be considered and then tweaked and adjusted.
Topia’s cost estimate tool aims to eliminate these inefficiencies by allowing companies to compare their options instantly and then make as many adjustments and recalculations as they need. If a business wants to explore different possibilities related to – for instance – staffing a new office location or implementing a new policy, they can run side-by-side cost projections to compare up to three scenarios at a time. Teams can start getting data on the relevant costs in seconds, rather than the days or even weeks it can take to get cost estimates from third parties.
Global mobility teams won’t have to sacrifice accuracy either. The accuracy of the estimates provided by the tool – which is underpinned by Topia’s proprietary tax engine – is on par with that of external tax providers. This means companies get the same crucial insights into potential project spend but at a fraction of the cost, standing to save up to 80% compared to other on-demand tools.
Topia has been providing cost estimate technology for many years as an integrated part of its end-to-end global talent mobility and distributed workforce platform, but this standalone tool will make it even easier for businesses of all sizes and types to take advantage of the benefits of on-demand cost estimates.
Shawn Farshchi, CEO at Topia comments:
“We want to help companies make faster and better decisions when it comes to their global talent mobility programs. Our on-demand cost estimate tool will aid agile talent planning – offering global mobility teams the chance to compare and contrast alternative ways of moving their people, staffing international projects, putting teams in place at new locations and more. The tool will help companies save time and money and we have flexible options to allow any type of organization to move towards a technology-enabled approach to generating cost estimates.”
Companies can choose a cost estimate bundle that works for their needs – whether they have a smaller global mobility program and only want to run up to 60 cost estimates a year, right up to businesses that want to be able to run unlimited cost estimates annually.
If you want to learn more about Topia’s cost estimate tool, you can find out more here:
Topia is the leader in global talent mobility and distributed workforce technology. We empower companies to deploy, manage and engage employees anywhere in the world. The Topia platform enables organizations to deliver mobility as part of a broader talent strategy encompassing all types of employee movement – remote and distributed workforces, business travel and more traditional relocations and assignments. This drives enhanced employee experiences and competitive advantage by ensuring the right people are in the right place at the right time while remaining compliant no matter where they are. The Topia platform automates the entire global talent mobility process, including scenario-based planning, expat payroll, tax and immigration compliance, reporting and more. Topia powers global talent mobility programs for world-renowned brands such as Dell, Equinor and AXA. Topia is a global company and has raised over $100M from NewView Capital (formerly New Enterprise Associates), Notion Capital and others.