Payroll & HR Management

AZ Group has trained professionals and accountants with long work experience, who are engaged in jobs related to payroll calculation and are ready to respond to client requests at any given time. We cooperate with our business partners and clients professionally and dedicatedly, and we strive to meet all the requirements and respond with an accurate and proven solution, regardless of the scope and specificity of the request.

We are specialized in all types of activities related to the calculation of earnings, wages, and other income, as well as all related administrative tasks, including personnel records in accordance with relevant legislation. The basic services we provide to clients in this area are:

• Payroll calculation
• Personnel administration
• Keeping personnel records
• Employment of non-residents

At AZ Group, we employ advanced payroll software and HR management platforms to ensure precise and efficient service delivery in payroll calculation and personnel administration. These technologies automate complex calculations and streamline administrative tasks, providing real-time access to crucial data for our clients.

Our tech-driven approach not only enhances accuracy but also ensures compliance with the latest regulatory changes, making our payroll and HR management services both reliable and contemporary.

Case Studies

Enhancing Operational Efficiency and Ensuring GDPR Compliance

A rapidly growing IT company based in Montenegro, with roots from a larger foreign entity, faced challenges in streamlining its business processes and ensuring compliance with GDPR regulations. The company engaged AZ Group’s IT risk consulting services to address these concerns. Our team conducted a thorough analysis of the company’s operations and identified areas for improvement. We also reviewed the company’s data handling practices and provided comprehensive guidance on GDPR compliance.

AZ Group recommended and assisted in the implementation of robust data management and security protocols, ensuring the client’s adherence to GDPR requirements. Additionally, our consultants provided insights on optimizing business processes, which resulted in increased efficiency and productivity. The client was able to significantly reduce operational bottlenecks, ensuring a smoother workflow and better adherence to international data protection standards.

Valuation and Successful Acquisition

A Montenegro-based IT firm was looking to acquire a local competitor to expand its market share and capabilities. However, the firm was uncertain about the accurate valuation of the target company and the potential tax implications of the acquisition. They engaged AZ Group for professional guidance.

Our team performed a meticulous valuation of the target IT company, considering various financial, operational, and market factors. We also analyzed the tax implications and provided advice on structuring the acquisition to optimize tax incentives available for IT companies in Montenegro.

With AZ Group’s precise valuation and strategic tax advice, the client was able to negotiate a favorable acquisition deal that was aligned with their financial expectations and regulatory requirements. The acquisition was completed successfully, and the client credited AZ Group’s expert consultancy for the smooth and beneficial transaction.