Payroll processing just got a major upgrade. Payslip, the vendor-agnostic Global Payroll Control Platform, has announced that investment bank Houlihan Lokey is now live on Workday Global Payroll Connect (GPC)—and the results are already turning heads.
Payslip was the first independent partner certified across all of GPC’s core features, a milestone achieved just months after Workday (NASDAQ: WDAY) introduced the platform in late 2024. The collaboration aims to eliminate the inefficiencies of juggling multiple global payroll systems—and for customers like Houlihan Lokey, the payoff is immediate.
Payroll in 10 Hours Flat
Before GPC, integrating global payroll into Workday required weeks of work, third-party system integrators, and a substantial budget. Houlihan Lokey’s go-live with Payslip? Just 10 hours of setup, compared to the 56 hours typically needed using legacy methods like PECI (Payroll Effective Change Interface). The time-to-value was boosted by 82%, giving payroll teams back both time and money.
It’s a significant leap forward in a space where most global companies still manage five or more separate payroll systems, according to Workday. And as payroll becomes more complex—spread across geographies, vendors, and compliance frameworks—the case for unified, flexible platforms like Payslip is only getting stronger.
“You can keep your current providers and use all of the GPC features if you choose Payslip,” said Maggie Hoang, Workday’s Senior Product Manager for GPC. That’s the vendor-agnostic magic Payslip brings to the table.
Real-Time Payroll, Real-World Results
Houlihan Lokey isn’t the only enterprise benefitting. Amer Sports and VentureEd have also gone live with another key feature: External Payroll Documents (ExPD), which lets employees access payslips and tax documents directly within Workday. Meanwhile, Data Changes on Demand (DCoD)—used by Houlihan Lokey—enables real-time syncing between Workday’s HCM and Payslip’s platform.
The net effect: less manual input, fewer errors, and faster compliance.
“We’re simplifying operations, reducing risk, and giving payroll teams the tools they need to operate at a strategic level,” said Fidelma McGuirk, Founder and CEO of Payslip.
That’s a far cry from the spreadsheet-heavy, error-prone processes that dominate legacy payroll management.
Workday + Payslip: A Strategic Play
Workday’s Global Payroll Connect is part of a broader shift toward intelligent finance and workforce platforms. In August 2024, Cristina Goldt, GM of Workforce and Pay at Workday, emphasized the growing pain point:
“Managing five or more systems is costly, time-consuming, and creates reconciliation headaches.”
With Payslip now fully certified and operational with GPC, companies don’t have to overhaul their entire vendor stack. Instead, they can plug in, consolidate, and gain global visibility—without the usual IT headaches.
The fact that Payslip is vendor-agnostic is not just a technical detail—it’s a market differentiator. This integration-first approach fits squarely into a broader trend in HR tech: enterprises want flexibility, fast implementation, and fewer lock-ins.
What This Means for the Market
The successful deployment at Houlihan Lokey signals a shift from payroll as a back-office chore to a high-efficiency, strategic function. It’s also a not-so-subtle challenge to traditional system integrators who’ve long dominated this space with heavy-handed (and expensive) implementations.
As more organizations look to simplify and consolidate global payroll while remaining agile, solutions like Payslip—especially when backed by enterprise giants like Workday—are poised to gain serious traction.
And with AI already reshaping the broader Workday platform (“the AI Platform for people, money and agents,” as Workday now calls itself), real-time, integrated payroll is no longer a nice-to-have—it’s the new standard.
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