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Strada - Payroll Services

Vendor Analysis

by Elizabeth Rennie

published on Aug 29, 2024

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Report Overview:

This NelsonHall vendor assessment analyzes Strada's offerings and capabilities in Payroll Services

Who is this Report for:

NelsonHall’s Payroll Services profile on Strada – Payroll & Professional Services is a comprehensive assessment of Strada – Payroll & Professional Services’ offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of 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 Payroll Services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Strada – Payroll & Professional Services’ Payroll Services offerings and 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 centers.

Key Findings & Highlights:

Strada offers human capital management and financial management solutions to organizations globally.  The newly-launched brand was formerly known as the Payroll and Professional Services business of Alight Solutions.

The company has ~8k employees across 33 countries and services ~460 payroll clients with client employees across ~100 countries.  It can scale to 186 countries through partnerships.

Strada brings ~30 years of payroll services capabilities from merging various HR service organizations of Alight, Aon, Exult, NGA HR, and Convergys and delivers payroll for ~4.3m client employees.

It offers domestic, single-county payroll services and a multi-country solution through proprietary Strada platforms, licensed third-party platforms, and partnerships with organizations that support in-country payroll delivery, such as BDO. It delivers global visibility and supports global processes through its global payroll management proprietary technology, Strada Pay.

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