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Strada - Payroll Services
Vendor Analysis
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.