NEW YORK - Dec. 21, 2016 - PRLog -- CloudPay, a leading provider of managed global payroll services to multinational organizations, is completing one of the most notable years of its two-decade business history. Over the course of 2016, CloudPay has achieved unprecedented advancement and outcomes across many areas of its multinational operation.
Spearheaded by a new executive team, CloudPay's success has resulted from an enterprise-wide commitment to providing a superior solution for managed global payroll backed by industry-leading technology and exceptional customer care. To close out an award-winning, high-impact year, CloudPay is pleased to share some of the 2016 achievements in three focus areas: product innovation; strategic relationships; and business advancement.
Product Innovation: Throughout its twenty-year history, the company has invested heavily in using best-in-class product development to modernize payroll delivery and equip multinational organizations with an innovative, end-to-end solution for global payroll. Based on strategic collaboration between CloudPay's Customer Advisory Board and product development team, 2016 saw some exciting changes to CloudPay's software-as-a-service (SaaS) solution. Among these changes were the release of several proprietary tools: CloudPay Analytics, CloudPay Calendar, and Data Validation.
CloudPay Analytics, launched in the middle of 2016, is a sophisticated business intelligence tool. CloudPay Analytics consolidates end-to-end payroll processing data and presents it in digestible and actionable dashboards, all accessible through one global interface.
CloudPay Calendar, launched in early 2016, delivers a consolidated view of all global calendars to help customers monitor various payroll and compliance deadlines and ensure accurate and efficient resource allocation.
CloudPay's Data Validation functionality, deployed in late 2016, verifies the completeness and accuracy of payroll data before and after processing – helping flag and resolve errors through intelligent automation that lowers manual labor and processing costs.
Strategic Relationships: Over the course of 2016, CloudPay announced several formal partnerships and alliances with leading companies within the HCM space. By partnering with Ramco Solutions, CloudPay will be able to integrate new payroll engines into its core platform. Through a new alliance with OneSource Virtual (OSV), CloudPay and OSV are able to offer customers a holistic Global Workforce and Payroll Administration service for efficient, integrated global HR and Payroll.
Business Advancement: 2016 also saw the opening of CloudPay's New York City office, which is now the company's tenth business location. As a result of CloudPay's continued investment in business development – including the addition of key sales and marketing personnel in 2016 – the company saw significant business growth in 2016: CloudPay now has a record number of multinational organizations in its customer base and is processing payroll for its highest global employee headcount to-date.
CloudPay's efforts in building a truly integrated solution for global payroll were recognized by highly respected analyst firms and awards programs. CloudPay was named an 'Achiever' in the Everest Group's 2016 Multi-country Payroll Platform (MCPP) Assessment and a 'Leader' in each of the four categories of Nelson Hall's Vendor Evaluation & Assessment Tool (NEAT) for Payroll Services. CloudPay also won the prestigious 'Payroll Software Product of the Year (https://www.cloudpay.net/resources/cloudpays-global-payroll-solution-wins-payroll-software-product-of-the-year-at-2016-payroll-world-awards)' honors at the 2016 Payroll World Awards, and its transformation of Visa Inc.'s global payroll operations was named the 'Global Payroll Transformation Project (https://www.cloudpay.net/resources/cloudpay-and-visa-europe-win-at-inaugural-global-payroll-awards)' of 2016 by the Global Payroll Awards.
"2016 has been an extraordinary year for CloudPay, and by extension for our customers," said Paul Bartlett, CloudPay CEO. "Across our entire business, CloudPay is committed to providing strategic value to our multinational customers while helping them earn meaningful improvements in payroll efficiency, productivity, and data quality.
"Our ongoing investments in creating partnerships, improving our platform, and advancing our business are all designed to help customers achieve stronger performance in global payroll," said Bartlett. "As we close out a great 2016, we look forward to continuing to enhance our solution to better meet the needs of multinational companies in the years ahead."
About CloudPay
CloudPay provides managed global payroll services to multinational organizations through a single, unified SaaS solution. By delivering end-to-end managed payroll services through an innovative platform, CloudPay ensures consistent and compliant payroll around the globe while reducing operating costs and minimizing manual processes. CloudPay's services and technology standardize the payroll function across geographies, helping organizations increase efficiency, streamline compliance, and achieve greater visibility into payroll performance and costs. The CloudPay solution is backed by deep industry expertise earned over twenty-plus years delivering services to over 2,400 multinational entities. CloudPay's solution guarantees accurate payroll processing across 120+ countries in more than twenty-five languages. To learn more, visit www.cloudpay.net.
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