Regulatory press release

Zalaris ASA: GJENSIDIGE BUSINESS SERVICES AB selects Zalaris to deliver payroll services and implementation of HR solution in Scandinavia

Zalaris ASA, a leading provider of outsourced payroll and HR services, has signed a five-year agreement to deliver payroll, travel & expense solutions and services to Gjensidige's more than 3700 employees in Norway, Sweden and Denmark.

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock Exchange. Gjensidige has provided insurance services for more than 200 years and offer insurance products in Norway, Denmark, Sweden and the Baltic states.

As part of the agreement, Zalaris will integrate SAP SuccessFactors Employee Central with Zalaris PeopleHub which includes Zalaris cloud payroll solution and travel and expense solution for all employees. Furthermore, Zalaris will implement the strategic HR modules within the SAP SuccessFactors suite, such as recruiting, onboarding and offboarding, compensation and workforce analytics and OpenText as document management solution.

Gjensidige's main objectives for the partnership with Zalaris is to ensure:

Full outsourcing of payroll and associated services for Gjensidige in Norway, Sweden and Denmark
Access to a modern and flexible multi-country solution for payroll with an integrated solution for travel and expense claim handling
A common, fully integrated HR solution
Compliance with personal data protection and security requirements
Delivery of payroll services at a competitive price point
Successful transition from current situation.

"Gjensidige is pleased to have entered into a partnership with SAP and Zalaris to meet Gjensidige's offensive HR strategy. Our focus on relevant efficient user-friendly HR processes and tools is important for Gjensidige's commitment to attract, develop and retain future employees", says Marit Agner Matheson, HR-director at Gjensidige Forsikring ASA.

"We are delighted and proud to enter into a partnership with Gjensidige. Establishing and delivering effective digital processes for payroll and travel and expenses claims based on the Zalaris PeopleHub solution, fully integrated with SAP SuccessFactors, will provide significant benefits. With these solutions and services from Zalaris, we are able to meet Gjensidige's objectives and look forward to a long and successful partnership." - says Hans-Petter Mellerud, founder and CEO of Zalaris.