Since launching in 2010, Topia has become the industry’s leading Global Talent Mobility platform. We serve Fortune 1000 and Forbes Global 2000 companies that drive economies, connect markets, and enrich our global community. We help them deploy, manage, pay, and engage their talent worldwide.
Our acquisition of Monaeo announced today, marks an inflection point in Topia’s journey. We now have an end-to-end Global Talent Mobility platform that encompasses business travel, temporary assignments, and all types of permanent relocation. We are redefining “mobility.”
Here’s what this means for our industry, our customers, and the future of Topia.
Over the last decade, Topia has established itself as the cloud platform for relocating employees. Whether it is our modern user experience for relocating employees, our powerful tax engine supporting real-time cost estimates for over 110 countries globally, or our leading payroll services capabilities – many of the world’s largest companies rely on us as the backbone for their mobility programs.
Today, market and customer needs have evolved. Global mobility now has the power to influence talent strategy and enable companies to deliver enhanced employee experiences and gain competitive advantage. This shift requires a different approach, it needs an end-to-end platform that supports all “employees on the move” and delivers operational efficiency, actionable insights, compliance management, and delightful employee experiences.
This expanding definition of talent mobility means that a comprehensive solution must encompass beyond permanent moves and temporary assignments – and support visibility and compliance of talent mobility that is measured not in months or years, but days. Business travel compliance is critical in this new reality. The global business travel market is a $1.4 trillion industry. In the U.S. alone, people take some 405 million business trips per year, exposing their organizations to new tax jurisdictions, regulations, and risks.
As enterprises are increasingly more location-independent, government entities have become more vigilant about collecting taxes from mobile and digital workers. The burden is on companies to document their movements and stay compliant.
At Topia, we thought hard about how can we better help our customers manage business travel compliance risk?
Monaeo addresses this specific challenge. The Monaeo technology monitors employee business travel, and proactively identifies potential tax exposure. Also, Monaeo can provide complete visibility into where employees are presently located and where they have been, while protecting employee privacy and helping organizations stay compliant with local regulations. It’s a powerful tool for minimizing costs, preventing or defending audits, and protecting employees in times of crisis.
By acquiring Monaeo, we can now bring these core capabilities into the Topia platform and deliver increasing value to our customers.
With the acquisition of Monaeo, Topia now has the industry’s most comprehensive Global Talent Mobility platform that addresses global mobility, compliance, payroll, and employee experience. With Topia, you can now:
Global mobility of the past was about manual processes and complex spreadsheets. It required expensive consultants, piecemeal solutions, and a massive effort by global mobility managers. Topia digitizes and automates the entire Global Talent Mobility process – from short-term business travel to long-term assignments and relocations.
I’m excited about what Monaeo brings to Topia and the industry at large as part of the leading Global Talent Mobility platform. On behalf of the Topia team, I want to welcome Monaeo co-founders Anupam and Nishant, and the entire Monaeo team to our family.
Onwards and upwards!