Vendor Analysis
published on Sep 08, 2016
Report Overview:
This NelsonHall vendor assessment analyzes CloudPay's offerings and capabilities in Payroll Services.
Who is this Report for:
NelsonHall’s Payroll Services Vendor Assessment for CloudPay is a comprehensive assessment of CloudPay’s Payroll Service offering and capabilities, designed for:
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector
- HR and payroll decision makers.
Scope of this Report:
The report provides a comprehensive and objective analysis of CloudPay’s payroll outsourcing offering, capabilities, and market and financial strength, 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, size and scale of delivery locations and their activities.
Key Findings & Highlights:
CloudPay, Inc (referred to as CloudPay in this document) is a SaaS-based global payroll solutions provider which is developing as an emerging player in the multi-country managed services space. Founded in 1996 as Patersons Payroll Solutions Limited, it changed its name to CloudPay in October 2012, adopting the name of its multi-country SaaS payroll offering.
Its sole focus is on providing global payroll and payments services in the cloud. The CloudPay platform is supported by a range of other services including implementation, managed services, payroll processing and support.
CloudPay produces ~800k payslips and processes $3.5bn in payments annually. Approximately 75% of these pays are processed directly by CloudPay, with the remaining 25% produced using CloudPay’s network of in-country partners.
CloudPay delivers its payroll managed services offerings from its service centers in:
- Raleigh, U.S.
- Sao Paulo, Brazil
- Andover, U.K.
- Paris, France
- Budapest, Hungary
- Singapore
- Shanghai, China
- Makati City, Philippines.