How N26 achieved 99.98% payroll accuracy across 14 countries
N26 replaced 4 payroll vendors with Vectis — eliminating errors, late payments, and hours of manual reconciliation for their finance team.
Fragmented payroll causing errors and frustration
With 4 separate payroll vendors across 14 countries, N26's finance team was spending 40+ hours per month on manual reconciliation while employees experienced recurring payment errors.
- 4 different payroll vendors with inconsistent processes
- Recurring errors causing late payments and employee complaints
- 40+ hours/month spent on manual payroll reconciliation
- No single source of truth for global compensation data
One payroll platform, flawless accuracy
Vectis consolidated N26's global payroll into a single platform with automated compliance, real-time monitoring, and direct ERP integration — delivering 99.98% accuracy from day one.
- Single payroll platform covering all 14 countries
- Automated local tax calculations and statutory filings
- Real-time payroll dashboard with variance alerts
- Direct ERP integration eliminating manual data entry
"Vectis's payroll accuracy and on-time payments have made us an employer of choice in every market we operate. Our employees trust that they'll be paid correctly every month — that's invaluable."
From 4 vendors to 1 platform in 60 days
N26 was running payroll through 4 separate vendors, experiencing recurring errors, late payments, and a reconciliation nightmare for their finance team.
Vectis migrated all 14 country payrolls to a single platform, mapping local tax rules, statutory benefits, and collective agreements.
95 employees across 14 countries were paid on time, in local currency, with full tax compliance — from a single dashboard run.
N26's finance team processes payroll 40% faster and has eliminated manual reconciliation entirely, freeing up 12 hours/month.
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