Deel compliance index

Overview of Deel
Deel is a cutting-edge software-as-a-service company that has streamlined and revolutionized the way companies hire and pay global teams. The company provides seamless integration with various international payroll systems, making it easier for businesses to onboard, manage, and pay remote workers in different parts of the globe. From contracts management to compliance, Deel offers an all-in-one solution for international hiring.

The History of Deel
Deel was founded in 2018 by Alex Bouaziz and Shuo Wang with the vision of eliminating the barriers that complicate remote working. The company's mission is to provide businesses with a platform that simplifies the process of hiring and payment, regardless of location. Since its inception, Deel has helped numerous companies build global teams with less effort and paperwork.

Typical data processed by Deel
As a comprehensive workforce management tool, Deel processes various types of data. This typically includes sensitive information such as employee personal details, contract information, international payroll data, employment laws and regulations of different countries, and tax compliance information. The exact type of data processed can vary depending on the specific needs and requirements of the company utilizing Deel's services.

Where Deel Operates
As an international payroll and compliance platform, Deel operates in over 150 countries. This allows businesses in these countries to legally hire and pay employees and contractors anywhere in the world. Deel's expansive reach plays a crucial role in facilitating smooth and compliant cross-border payments.

Key Features of Deel
Deel offers a slew of unique and practical features that simplify and streamline global hiring and payroll management. Key features include international payroll, team management, automated compliance, documents and contracts management, tax form collection, payout methods, and real-time support. With Deel, businesses can onboard their international team in minutes, and every payment made is compliant with local labour laws.

Importance of Monitoring and Comparing Vendors like Deel
Monitoring and comparing vendors such as Deel in the SaaS industry is crucial from a data compliance perspective. As businesses increasingly pivot towards utilizing remote teams, it is imperative that they employ SaaS providers who demonstrate strict adherence to data protection regulations. Comparing vendors allows businesses to select an international team management provider that best suits their needs regarding functionality, data security, jurisdictional coverage, and cost. This process helps prevent potential compliance issues, fines, and damage to a company's reputation.