Intercomp group of companies is outsourcing provider No. 1 for payroll, HR recordkeeping and HR management in RAEX rating

Intercomp group of companies is first for payroll, HR recordkeeping and HR management among the largest accounting outsourcing companies and groups in Russia. The international rating agency RAEX (Expert RA) compiled another ranking in 2018 based on company revenue data for 2017.

Ilya Panteleev
General Director


Payroll and HR recordkeeping is one of our key areas of activity. We have been providing these services since 1994 and have kept our leading position by constantly improving our service model, introducing new technologies and nurturing a long-term partnership with leading international providers of accounting and payroll outsourcing solutions and services in Russia and CIS countries. 

According to expert forecasts, the global market of payroll services is set to grow by an average of 5.56% over the period 2017-2021. This is due mainly to the increasing number of contracts for multi-country settlement and international companies’ tendency to centralize settlements in all countries of presence. The number of such contracts has increased 3-fold in recent years and accounts already now for 15% of the total volume of the global market of payroll services. 

“Today, this is one of the outsourcing services the most in-demand not only in the global market, but also in Russia. Our indicators also confirm this trend. The revenues from our payroll services has increased by 17% in a year and largely thanks to Russian companies” comments Ilya Panteleev, General Director of Intercomp.

The accounting outsourcing market showed record growth in Russia over the past few years. The total revenue of the largest providers as per the current ranking for 2017 amounted to 9.6 billion rubles. Over 90 companies were surveyed for this year’s ranking, and for most of them payroll is one of the main services they provide.

INTERCOMP RAEX

RAEX (Expert RA) is a respected and independent rating agency which has been conducting analytical work every year since 2009 to provide a general picture of accounting outsourcing in Russia. Leading companies are identified based on key indicators of growth, performance and development. Thanks to this information, companies seeking outsourcing services are able to choose a reliable partner, while the rated companies obtain an independent confirmation of their market position.

More detailed information about the rating results, evaluation methods, and participants in the ranking can be found on RAEX website.

The ranking of the largest accounting outsourcing companies and groups was published in 2018. The group of companies Intercomp was ranked 1st in RAEX (Expert RA) rating for payroll, HR recordkeeping and HR management in terms of revenues derived in 2017 among the companies that participated in the rating.