CloudPay Launches Advanced Payroll Solution for SMEs
CloudPay, a leading global provider of payment solutions, has recently introduced an innovative payroll feature designed to streamline operations and enhance productivity for small and medium-sized enterprises (SMEs).
With the aim of modernizing payroll processes through cutting-edge technology, CloudPay offers API integrations, advanced automations, and AI-driven insights with real-time analytics.
Main Benefits for Users
This fully cloud-based payroll solution includes several key features:
- A fixed scope and fee structure to ensure transparency and control.
- Rapid implementation and onboarding within 60 days, with a prepared single-country setup to expedite value generation.
- An intuitive platform for managing new hires, payroll, payments, and changes, reducing operational dependency and minimizing resolution time. Expert support is available when needed.
- Built-in global compliance supported by local expertise and automated tax and labor rules, ensuring minimal legal risks and clear understanding of in-country regulations.
- Integration capabilities that work well with Human Capital Management (HCM) systems and other data sources to minimize rework and manual processes.
CloudPay operates seamlessly with customized HCM solutions, illustrating how payroll systems can integrate effectively with HCM technology for optimal outcomes.
CloudPay’s Recent Developments
In 2024, CloudPay partnered with Workday to launch the Global Payroll Connect solution, offering a seamless and secure end-to-end global payroll experience for customers worldwide. This collaboration aimed at delivering integrated and efficient solutions to enhance customer satisfaction.
Additionally, in August 2024, CloudPay secured USD 120 million in funding from Blue Owl Capital, expanding its customer base and fostering future growth. The investment will be used to improve product and technology solutions, including the deployment of AI for data management, automation of processes, and scaling operations through a comprehensive suite of API solutions connecting partners across the global payroll, payment, and HCM ecosystem.
