HRchitect Tech Vendor News: CloudPay Launches Enhanced Global Payroll Reporting Functionality, CloudPay Insights

August 20, 2014

Company’s Latest Innovation Enables Businesses to Leverage Big Data to Understand Their Payroll Process, Drive Positive Results and Make Better Informed Decisions

RALEIGH, N.C. and LONDON, U.K. (August 19, 2014) CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced details of CloudPay Insights, its enhanced global payroll reporting solution. This robust capability gives organizations the ability to leverage big data to gain greater transparency into the real-time costs associated with their workforce by digging deep into their own comprehensive, multi-country payroll data.

 

In today’s competitive business environment and still volatile economy, multi-national organizations must be able to respond and adapt to changing market conditions as rapidly as possible. CloudPay Insights solves this challenge by enabling companies to identify key workforce trends in their global payroll data to drive and support well-informed business strategies. Though often overlooked as a source of record, the information contained in a company’s payroll data reveals crucial statistics on the true costs of compensating employees around the globe. Given the rise of big data and the benefits of utilizing the massive amount of information now available, CloudPay gives employers the tool to drill down into this data to identify hidden costs, spot important trends and make more effective business decisions.

 

The need for such a solution is a pressing one. According to research from the MIT Sloan Management Review and SAS Institute, a majority of professionals reported that their organizations are under pressure from senior managers to become more data driven and analytical. Yet, only 42 percent said they frequently have access to the data they need to make key decisions. At the same time, a report from McKinsey & Company found that the three factors necessary for developing a successful data-driven strategy are: choosing the right data, the ability to predict and optimize business outcomes, and transforming the company’s capabilities. CloudPay Insights provides organizations with the tools to achieve those three aspects. As a result, companies can access real-time reporting metrics on their payroll data, enabling them to act on this information and bring immediate improvements to their payroll operations.

 

CloudPay Insights can be used at all levels of the organization. Senior business leaders benefit from accessing data across their global enterprise to gain a better view of profit and loss, the expenses around payroll taxes and benefit deductions, and the overall costs of doing business. The solution also gives regional and business unit leaders the insight into the costs associated with hiring for specific positions in various regions, helping to drive decisions about where talent should be placed. At the same time, HR and payroll managers and practitioners can easily access audit reports and other key data that provides tactical information about the workforce they need on a day-to-day basis.

 

Innovative features of CloudPay Insights include:

  • Enhanced dashboarding capabilities: Users of CloudPay Insights have the flexibility to create and customize their own reports without having to use pre-built templates, ensuring they leverage the most relevant information.
  • Improved workspace functionality: This feature allows users to create reports with relational or dimensional data sources, enabling deeper analysis, report authoring and advanced data exploration.
  • Faster performance: CloudPay Insights includes developments such as null suppression optimization and in-memory caching for performance gains, enabling users to greatly reduce the amount of time they spend creating reports.

These improvements will lead to significant benefits for CloudPay’s clients, such as:

  • Improved decision making: Stakeholders receive needed information, such as headcount, leavers and new hires per country or legal entity, in a targeted, actionable format personalized according to their areas of responsibility to support informed decisions.
  • Increased operational efficiencies: The solution eliminates the need for labor-intensive data collection, consolidation and reporting, giving users access to CloudPay’s single, unified payroll information repository.
  • Cost reductions: With better business intelligence to understand the big data available and make critical decisions, organizations can streamline their processes and reduce the costs associated with payroll.

“Although the payroll function contains significant information that can help shape business decisions, set goals and priorities and optimize workforce strategy, many companies neglect to mine this data or simply lack the tools to do so effectively,” said Andrew Pearson, CEO of CloudPay. “Necessary for effective global payroll reporting is having a common technology platform that can compile the vast stores of payroll data from across the enterprise and transform it into actionable information. CloudPay stands alone in the payroll management space as the only provider to offer a common technology platform that delivers the business intelligence to make well-informed decisions about the costs and processes of compensating their global employees.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Building on Record Performance in 2013, CloudPay Enters 2014 with Rapid Momentum and Strong Growth

March 10, 2014

Global Payroll Solutions Provider Experiences Robust Growth, Expands to New Markets and Receives Several Industry Distinctions Over Past Year

RALEIGH, N.C. and LONDON, U.K. (March 3, 2014)CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced details of the significant growth the company achieved throughout 2013. From welcoming many new clients, expanding its business to new markets, introducing a new automated payroll payment solution, sharing its thought leadership in the global payroll space and receiving high-profile industry recognition, CloudPay continues its strong growth trajectory into 2014.

“Over the course of the last year, CloudPay has continued to bring new innovations to the global payroll experience, offering a consistent process delivered through a single global SaaS-based technology platform,” said Andrew Pearson, CEO of CloudPay. “As a result, we have been able to help a rapidly growing number of multi-national organizations to manage their payroll costs, gain greater visibility and control, and eliminate inconsistent processes and disparate systems when compensating their global employees.”

Welcoming New Clients

Throughout 2013, CloudPay has added a significant number of new clients who sought to bring greater efficiencies to their global payroll programs, while reducing operating costs and minimizing risk. The significant client growth has contributed to CloudPay’s strong performance, with the company growing revenue by 40 percent year on year between 2012 and 2013. In addition, CloudPay maintained an exceptional client retention rate of 98 percent. The company’s new clients represent a wide variety of industries and are located across the globe. Several of CloudPay’s recently added clients include a major global office services company, a world leader in the recruitment industry, a global investment management firm, a financial services firm providing investment advisory services, a global supplier of leading optical network solutions, and a leading multinational media and information firm.

A True Hybrid Model

Another key to CloudPay’s growth in 2013 has been the expansion of its in-house payroll processing capabilities, which enable the company to present clients with a true hybrid model for their global payroll function. With in-house capabilities now in 17 countries, combined with an extensive network of shared service centers and global partners, CloudPay is able to help any organization, no matter where they have employees, to ensure accurate, timely and compliant compensation. Moreover, whether leveraging its in-house payroll processing capabilities or the company’s payroll partners, CloudPay’s clients benefit from a single user experience, with all data residing in the CloudPay platform.

Expanded Presence in Brazil through Apdata Partnership

As CloudPay continues to grow, it continues to expand its operational capacity to new markets that can benefit from the company’s comprehensive global payroll solutions. In October 2013, CloudPay opened its new office in Brazil, established to help the growing number of multi-national organizations operating in this growing market to comply with the country’s complex payroll regulations. To meet this goal, CloudPay forged a strategic partnership with Apdata, a leading provider of payroll solutions in Brazil, whereby Apdata’s payroll engine has been embedded into CloudPay’s global payroll management platform.

New Global Payroll Payments Solution with Western Union Business Solutions

CloudPay also formed a strategic alliance with Western Union Business Solutions to develop an innovative joint service offering designed to set a new standard for the way multi-national organizations compensate their global employees. Through this automated payroll payment solution, CloudPay 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 them overcome language and cultural barriers when compensating their global employees. CloudPay has already experienced rapid adoption of the solution.

New Addition to Board of Directors

In July, CloudPay expanded its board of directors with the addition of business and consulting expert Michael Patsalos-Fox. He brings extensive experience gained throughout a highly accomplished career in business development, which included several leadership positions with McKinsey & Company for more than three decades. Leveraging this expertise, Patsalos-Fox is instrumental in steering the direction of CloudPay’s growth and innovation as it continues to bring new advancements to the payroll space.

Thought Leadership and Industry Recognition

Over the course of 2013, CloudPay has shared its thought leadership in the global payroll industry through a number of venues. Most prominent, the company highlighted its industry-leading solutions at the Workday Rising 2013 conference. As a Workday partner and silver sponsor of the event, CloudPay demonstrated how its solutions can create a seamless payroll process no matter where organizations hire talent. CloudPay also shares its expertise in an ongoing webinar series titled, “Going Global,” which addresses the regulatory changes and biggest payroll challenges in key markets around the world, and through a monthly column in Purely Payroll magazine, highlighting its  knowledge of the latest legislations within the global payroll space.

As CloudPay continues to lead the way in innovative global payroll solutions, the industry has taken notice. Early in 2013, the company was recognized as a Major Contender in the Everest Group PEAK Matrix for Multi-Country Payroll Outsourcing (MCPO) for its overall delivery capability and strong market success. CloudPay also received high-profile recognition as a winner of the 2013 Red Herring Top 100 Europe Award as one of the most promising private technology ventures in Europe.

“If anyone has any doubt, global payroll is particularly tough. With over 200 countries and countless tax and regulatory bodies/rules to deal with, multinational employers almost always have a well-connected partner with a strong technology base to help them,” said Brian Sommer, CEO of TechVentive. “CloudPay is a global payroll solution provider that has wide coverage, a cloud-based solution, a nice set of alliance partners (including a cool payment mechanism with Western Union Business Solutions) and its own in-house capabilities for many major markets.”

“2013 was an incredibly successful year for us – not just in terms of business growth and financial success, but also in expanding our market position as the foremost provider of global payroll solutions,” said Andrew Pearson, CEO of CloudPay. “As we continue to expand to new markets, add some of the most talented industry leaders to our team, bring our expertise and knowledge to new audiences and gain high-profile industry recognition, we expect 2014 to be even more successful.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: CloudPay Opens New Office, Expands Global Payroll Capabilities to Brazil

November 1, 2013

– Global Payroll Leader Partners with Local HR Solutions Provider Apdata to Extend In-House Payroll Capabilities to Rapidly Growing Market –

RALEIGH, N.C. and LONDON, U.K. (October 29, 2013)CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced that it has expanded its presence in Brazil with the establishment of a new office in São Paulo. The expansion is part of CloudPay’s overall strategy to deliver enhanced global payroll solutions that help multi-national organizations to comply with Brazil’s complex payroll regulations. To achieve this goal, CloudPay partnered with Apdata, a leading provider of payroll solutions in Brazil, to leverage the company’s technology, expertise and customer base.

Brazil continues to experience rapid economic growth, and the country has emerged as the sixth-largest economy in the world with a GDP of US$2.4 trillion. Along with this growth and its rising status in the global marketplace, Brazil has been a focus of business development, providing an attractive landscape for multinationals looking to expand their operations. It has also spurred strong growth among companies within the country, with eight Brazilian companies now within the Global Fortune 500.

Although CloudPay has undertaken payroll services for the Brazilian market for nearly a decade and currently serves many clients in the country, the company saw the opportunity to further build on its capabilities to service the ever-growing number of multi-national organizations operating in the country and to achieve additional growth through providing services to Brazil-based multi-national companies. To accomplish this, CloudPay signed an agreement with Apdata, the leading payroll and HR service and software provider in the Brazilian market, which enables the company to provide more comprehensive service to customers in Brazil and throughout the Latin American region. Under the terms of the partnership, Apdata’s payroll engine technology will be embedded into the CloudPay global payroll management platform. CloudPay’s team of Brazilian subject matter experts will operate payroll for its clients with full the support of Apdata’s engineering and subject matter resources, and CloudPay and Apdata will together offer Brazil-based multi-national companies a comprehensive and complete global payroll solution.

With more than 30 years of experience with Brazil’s complex payroll regulations, particularly in challenging industries such as mining and medical care, Apdata delivers the knowledge and expertise to ensure its clients achieve full compliance. In addition to a strong local presence, with its 330 employees recruited locally to give clients increased flexibility, speed and responsiveness, Apdata currently processes more than 550,000 payslips per month.

“CloudPay stands apart from other global payroll providers, offering industry-leading expertise and a far reaching technology platform unrivaled in the payroll space,” said Luiza Nizoli, president of Apdata. “We are very excited to grow our relationship with the company, as this partnership enables us to provide the very best global payroll solutions to our multi-national clients.”

“As Brazil continues to play an ever larger role in the global economy, it was only natural that we expand to this rapidly growing market and unlock the potential it presents to our business,” said Andrew Pearson, CEO of CloudPay. “By establishing our new office in the country, and working with proven partner Apdata, we are well prepared to further establish our organization in the Latin American region and demonstrate our industry-leading capabilities to today’s most successful multinationals.”

Pearson continued, “Our relationship with Apdata is new kind of partnership in our industry, covering true collaboration across the domains of technology, service and sales and marketing. The result is a more modern, effective approach for our clients and one that is very different from the old fashioned acquisition approach we have seen in the market prior and which simply results in fragmented platforms and disparate service models. The market is asking for the common and consistent global payroll solution that CloudPay offers.”

CloudPay already has staff in place in its office in Brazil and will continue to build out its presence in this robust market throughout 2014 and beyond. The company also operates out of offices in the U.S., U.K., France, Hungary, China and Singapore. CloudPay’s new office is located adjacent to Apdata’s headquarters at Rua Durval José de Barros, 162 – Vila Matilde, São Paulo, Brazil.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.


HRchitect Tech Vendor News: CloudPay Expands Board of Directors with Addition of Business Development Expert

July 5, 2013

– Michael Patsalos-Fox Brings Extensive Business and Consulting Experience to Help Guide Company’s Strategic Growth –

RALEIGH, N.C. and LONDON, U.K. (July 3, 2013)CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced that global business leader Michael Patsalos-Fox has joined the company’s Board of Directors. Patsalos-Fox will help steer the direction of CloudPay’s growth and innovation as the company continues to lead the cloud-based global payroll space and develop innovative solutions that enhance the way multi-national organizations manage their payroll operations worldwide.

 

Patsalos-Fox leverages a highly accomplished career in business development, having held leadership positions with McKinsey & Company for more than three decades. In addition to serving on the Operating Committee and elected board, he has led the organization’s Americas region, satellite offices and North America Corporate Finance and Strategy practice. From 2009 through June 2012, he led McKinsey’s new global data and software growth opportunities. Patsalos-Fox has lived in Australia, Switzerland, the U.K. and the U.S., and he holds a B.Sc. in computer sciences and pure mathematics from Sydney University in Australia and an MBA with distinction from the International Institute of Management Development (IMD), Lausanne, Switzerland.

 

Patsalos-Fox’s unrivaled business and consulting expertise is widely sought after by today’s most innovative companies. In addition to his new role on CloudPay’s Board of Directors, he also serves as director of Cognizant Technology Solutions Corporation (NASDAQ: CTSH), Quid.com and Channel Insight.

 

“CloudPay recognizes the great opportunity and expanded capabilities that cloud computing has brought to key business processes, such as the global payroll function. Through its cutting-edge, SaaS technology, the company has greatly facilitated the way multi-national organizations manage and control payroll across their enterprises,” said Patsalos-Fox. “I am honored to join CloudPay’s Board of Directors and look forward to taking an active role in guiding the company’s truly pioneering vision as it delivers greater efficiencies and drives innovation in the payroll field.”

 

“Throughout his distinguished career, Michael has acquired a great deal of industry knowledge and developed an expansive network of resources that will helps us further position CloudPay as the leading provider of global payroll solutions,” said Andrew Pearson, CEO of CloudPay. “We are pleased to welcome him to our team and look forward to leveraging his expert insight to continue providing innovative services and solutions that help our clients solve their biggest global payroll challenges.”

 

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

Matt Lafata, HRchitect


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