– Through Joint Service Offering, Multi-national Organizations Gain Greater Visibility and Control of Combined Payroll and Payment Operations –
RALEIGH, N.C. and LONDON, U.K. (November 12, 2013) – CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced details of its strategic alliance with Western Union Business Solutions and the release of a joint service offering that sets new high standards for the way multi-national organizations compensate their global employees.
As more organizations expand internationally to leverage the global labor market, many are faced with a multitude of challenges when compensating their international employee base. They typically use multiple banking platforms that can increase bank charges and transaction fees and have relationships with several different banks, each with different procedures and data management processes. In addition, they may often be forced to perform key functions manually, increasing administrative burden and time spent on payroll. These complex procedures can lead to mistakes and high costs (in time, exchange rates and transaction fees), as well as difficulty in tracking payments and a plethora of compliance issues.
CloudPay and Western Union Business Solutions have developed an automated payroll payments solution that limits these challenges and enables a unified approach for all payments, tracking activities and data management. The solution also allows multi-national organizations to simplify reconciliation and reduce costs and administrative processes, while helping to overcome language and cultural barriers. All payment services will be accessed through Western Union Business Solutions’ extensive online payment platform, GlobalPay, which helps organizations provide timely and accurate payments to their staff. Most importantly, organizations will gain greater visibility into their global payroll payment processes, which leads to more efficient operations and reduced costs.
“Payroll is one of the most significant investments a company makes. As more organizations expand internationally, the need to manage global payroll payments efficiently and transparently will also grow,” said Kerry Agiasotis, Chief Commercial Officer, Western Union Business Solutions. “By working with CloudPay, a leading provider in the global payroll space, we have developed a cutting edge solution that provides clients with a real differentiator that will help them drive success.”
“As our two organizations are both on the top of our respective fields and share a commitment to providing multi-national organizations with solutions that deliver greater operational efficiencies, and real cost savings, the decision to partner with Western Union Business Solutions was a clear choice,” said Andrew Pearson, CEO of CloudPay. “Through the solution, we are able to deliver precisely what customers have been asking for – a comprehensive outsourced global payroll and payments solution that handles the combined payroll and payment function from start to finish.”
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