Vendor Analysis
published on Feb 18, 2021
Report Overview:
This NelsonHall assessment analyzes Payzaar's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Payzaar is a comprehensive assessment of its offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of managed payroll services and identifying vendor suitability for security services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the HR and payroll technology and services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Payzaar payroll services offering, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
Analysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
Payzaar, headquartered in Carlow, Ireland, is a provider of global payroll technology and services.
The company was formed in 2016 by payroll industry veterans seeking to disrupt the market by offering an open marketplace style approach to global payroll services, leveraging its cloud-based platform to enable greater flexibility for buyers to leverage best-of-breed local solutions, managed in-house or outsourced, to fit their unique payroll support needs.
Payzaar offers its technology and services in support of >120 countries, through three core service levels, including:
- Payzaar Global Platform: platform technology only (SaaS)
- Payzaar Vendor Selection: platform technology, and vendor selection support, and onboarding
- Payzaar Managed Services: platform technology, payroll processing, and vendor governance.
Today, Payzaar supports 55 multinational firms, producing >38k pay-slips monthly.
- Payzaar positions itself as a global provider of SaaS-based payroll technology and services. It targets its offering to growing multinational corporations of all sizes, seeking technology-enabled managed services.