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PayAsia - Payroll Services 2021

Vendor Analysis

by Elizabeth Rennie

published on Feb 02, 2021

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Report Overview:

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

Who is this Report for:

NelsonHall’s Payroll Services profile on PayAsia 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 PayAsia’s 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:

PayAsia, founded in 2006, and headquartered in Singapore, is a provider of global HCM and payroll technology and services and is a subsidiary of Australian Stock Exchange listed PayGroup Limited  (ASX: PYG), a holding company with a portfolio of businesses that work in concert to provide HCM technology and services globally.

PayGroup is comprised of the following portfolio of businesses and solutions:

  • PayAsia: global payroll technology and services 
  • Astute Payroll: workforce management technology
  • Payroll HQ: payroll technology and services specializing in supporting the ANZ market
  • TalentOz: Global HCM technology.

PayAsia provides the following suite of payroll services, all of which are integrated and can be extended by the broader PayGroup solutions, e.g., WFM, HCM, including:

  • Single and multi-country managed payroll services
  • Multi-country compliance
  • Consulting and implementation
  • Payroll point solutions: lodgments, treasury.

PayAsia positions itself as an APAC and Middle East and Africa (MEA) specialist and multi-country provider of SaaS/SwaS based payroll and HCM solutions. It targets its services to growing multinational corporations of all sizes, seeking support for populations of employees and operations globally.  Its current client base is predominately derived from APAC, US and European headquartered firms and those with footprints in these regions; >30% of its client base are multi-country payroll adopters with two or more countries in scope.

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