What is Oyster HR and how does it work?
Oyster HR is a global employment platform that enables companies to hire, pay, and manage distributed teams across 180+ countries without establishing local entities. Through its Employer of Record (EOR) services, Oyster handles compliance, payroll, benefits, and tax administration, making international hiring as simple as domestic recruitment.
Benefits of Integrating Oyster HR with Abacum
The Oyster HR-Abacum integration transforms how finance teams approach global workforce planning by connecting international employment data with strategic financial planning capabilities.
Automate headcount planning across multiple countries with real-time salary and benefits data from Oyster flowing directly into Abacum's forecasting models
Streamline budget variance analysis by automatically syncing actual payroll costs from Oyster with planned budgets in Abacum, eliminating manual reconciliation
Enhance scenario planning for international expansion by modeling different hiring strategies using actual compensation benchmarks from Oyster's 180+ country coverage
Improve cash flow forecasting with automated updates of multi-currency payroll obligations, contractor payments, and employment costs
Accelerate month-end reporting through seamless data synchronization between Oyster's payroll processing and Abacum's financial reporting tools
