• The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis and ranking of the leading multi-country payroll platform vendors
• With its comprehensive technology and customer experience management, CloudPay has received strong ratings across the parameters of technology excellence and customer impact

Andover, UK – 19 December 2023: Quadrant Knowledge Solutions announced today that it has named CloudPay as a 2023 technology leader in its SPARK Matrix™: Multi-Country Payroll Platform (MCP). 

Quadrant Knowledge Solutions’s SPARK Matrix™ includes a detailed analysis of the global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides a competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix™. It gives strategic information to users for evaluating the capabilities, competitive differentiation, and market positions of various vendors.

According to Minal Sonawane, Analyst at Quadrant Knowledge Solutions, “CloudPay’s global payroll solution streamlines and automates payroll procedures for multinational corporations. Through its integrated cloud platform, it efficiently manages all payroll tasks, ensuring real-time visibility, standardization, and oversight across global payroll operations.

“This platform serves as a comprehensive option for companies aiming to consolidate their payroll operations and financial services into a singular, automated system. Additionally, CloudPay emphasizes continuous process enhancement and provides support to experienced payroll professionals and global support teams. The technology supporting CloudPay is designed for global payment automation, precision, control, and adaptability. It caters to the complexities of managing payroll across diverse countries, currencies, and regulatory landscapes. The company has received strong ratings for its technology excellence and customer impact and has been positioned as a technology leader in the 2023 SPARK Matrix: Multi-Country Payroll Platform.”

Nick Webb, Chief Marketing Officer at CloudPay said: “As we conclude a remarkable year at CloudPay, receiving recognition as a Technology Leader by Quadrant Knowledge Solutions is truly gratifying. It’s testament to the dedication and passion of the CloudPay team who remain committed to modernizing the pay experience and ensuring that people are paid on time, every time regardless of their geographical location. This acknowledgement reaffirms our commitment to delivering excellence and propels us forward into a future of continued innovation and customer-centric solutions.”

Quadrant Knowledge Solutions defines a multi-country payroll platform as “software that streamlines and automates payroll procedures by offering support for multiple currencies and languages and ensuring compliance with a range of regulatory standards, allowing organizations to centralize and optimize their payroll functions across numerous countries. The multi-country payroll platform includes functionalities for workforce management, analytics, and reporting. The platform is embedded with emerging technologies such as AI/ML for advanced anomaly detection, process optimization, and predictive analysis.”

ENDS