Sigma
End-to-End Global Payroll Platform for hassle-free workforce management
What is Sigma? Complete Overview
Sigma is a comprehensive global payroll platform designed to simplify hiring, paying, and retaining international talent. It caters to businesses looking to expand their workforce across borders without the complexities of compliance, currency conversions, and local regulations. Sigma supports payroll in over 160 countries, offering USD-based payments without FX markups. The platform is ideal for startups, SMEs, and enterprises that rely on global emerging talent, providing tools for rapid onboarding, compliance management, and financial benefits for employees. Sigma ensures seamless operations by handling W-8BEN forms, local payments, and offering USD Wallets and health benefits, making it a one-stop solution for global workforce management.
Sigma Interface & Screenshots
Sigma Official screenshot of the tool interface
What Can Sigma Do? Key Features
Hire in Minutes
Sigma enables quick onboarding of contractors and employees via WhatsApp, ensuring compliance with local regulations. The platform automates background checks and generates necessary forms like W-8BEN, streamlining the hiring process.
Your Pay, Their Way
Employees can receive payments via US ACH, with options to save in USD or transfer funds internationally. Sigma supports multiple payment methods, including crypto and bank transfers, giving workers flexibility.
Master IRS Compliance
Sigma manages W-8BEN forms for foreign contractors and uses AI to verify US ITINs for W-7 requirements. This ensures full compliance with IRS regulations, reducing administrative burdens for employers.
Sigma Financial Hub
A dedicated financial hub provides workers with access to USD Wallets, local health insurance, retirement planning, and social security contributions, enhancing employee satisfaction and retention.
Compliance & Reporting Hub
Sigma's hub offers tools for managing invoices, tax reporting, and staying updated on global compliance regulations. It provides alerts and guidance to ensure businesses remain compliant across jurisdictions.
Best Sigma Use Cases & Applications
Startups Hiring in Latam
Startups looking to nearshore talent in Latin America can use Sigma to handle compliance, payroll, and benefits, ensuring smooth operations without legal hassles.
Global Workforce Management
Businesses with teams across multiple countries rely on Sigma for unified payroll processing, USD-based payments, and compliance with local regulations.
Contractor Payments
Companies hiring freelancers globally can streamline payments and tax compliance, ensuring contractors are paid promptly and correctly.
How to Use Sigma: Step-by-Step Guide
Sign up for a Sigma account and complete the initial setup by providing your business details and payroll requirements.
Onboard contractors or employees via WhatsApp or the Sigma platform, where automated checks and form generation are handled.
Configure payroll preferences, including payment methods (USD ACH, crypto, or bank transfers) and frequency.
Run payroll seamlessly, with Sigma managing compliance, tax reporting, and fund disbursement to employees.
Monitor payroll and compliance through Sigma's reporting hub, ensuring all regulatory requirements are met.
Sigma Pros and Cons: Honest Review
Pros
Considerations
Is Sigma Worth It? FAQ & Reviews
Sigma supports payroll in over 160 countries, including El Salvador, Panama, Costa Rica, and many others.
Sigma automates compliance with IRS forms like W-8BEN and W-7, and provides updates on global regulations.
Yes, employees can receive payments via USD ACH, crypto, or bank transfers, depending on their preference.
Yes, Sigma supports businesses incorporated outside the U.S., offering global payroll solutions.
The Financial Hub provides employees with USD Wallets, health insurance, retirement planning, and social security support.