CloudPay

CloudPay's Solutions

CloudPay offers a comprehensive suite of services including Global Payroll, Global Payments, and Global Pay On-Demand. These solutions are designed to streamline and simplify payroll management across multiple countries. The Global Payroll service ensures accurate and timely payroll processing, while Global Payments handle the complexities of international transactions. CloudPay NOW, their on-demand pay app, allows employees to access wages as they earn them, enhancing financial wellbeing. These services are supported by automated data validation and a unified cloud-based system, significantly reducing payroll errors and delays.

CloudPay's Experience and Reach

With over 25 years of payroll experience, CloudPay has established itself as a trusted provider in the industry. The company processes more than 1 million payslips annually and handles over $24 billion in payment transactions across 168 currencies. Serving customers in over 130 countries, CloudPay ensures compliance with global payroll and payment regulations, making it a reliable partner for multinational corporations. Their global presence is further solidified by offices in the UK, USA, Spain, France, Hungary, Costa Rica, Italy, China, Singapore, and the Philippines.

CloudPay's Partnerships and Integrations

CloudPay has formed strategic partnerships with leading Human Capital Management (HCM) technology providers such as Workday, Oracle, HiBob, and SAP SuccessFactors. These integrations enhance payroll efficiency by allowing seamless data flow between systems. Additionally, CloudPay's collaboration with Visa enables instant salary payments, further improving the payroll experience for employees. These partnerships and integrations are part of CloudPay's commitment to providing a unified ecosystem for managing end-to-end global payroll functions.

CloudPay's Analytics and Reporting

One of CloudPay's standout features is its comprehensive analytics module, which offers real-time global reporting and deep analytics. This module provides valuable insights into payroll data, helping businesses make informed decisions and optimize their payroll processes. The unified global, cloud-based system allows for easy access to these analytics, enabling companies to monitor and manage their payroll operations efficiently. This capability is especially crucial for multinational organizations that require accurate and timely information across different regions.

CloudPay's Funding and Acquisitions

In recent years, CloudPay has secured significant funding to fuel its growth and expansion. In 2021, the company raised $58 million, followed by an additional $50 million in 2022. These funds have been used to enhance their service offerings and expand their global footprint. Additionally, in 2021, CloudPay acquired Wezaam Advanced Technologies S.A., a move that has further strengthened their technological capabilities and market position. These financial milestones underscore CloudPay's commitment to innovation and leadership in the global payroll and payments industry.