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Andover, UK – 1 October 2024 – CloudPay, the global leader in payroll and payment solutions, is delighted to announce its recognition as a leader in NelsonHall’s 2024 Payroll Services NEAT evaluation.
This recognition marks CloudPay’s fifth year as a leader since 2019, a reflection of the company’s continued transformation of global payroll, driven by advancements in automation. Recent market-leading innovations include intelligent optimisation of payroll task progression and a redesigned platform workflow, creating faster, less manual and more efficient payroll cycles for clients.
NelsonHall, a leading analyst firm in HR and payroll services, evaluates payroll service providers, helping sourcing managers assess vendor capabilities across immediate benefits and future client requirements. The 2024 Payroll Services NEAT evaluation highlights CloudPay’s significant leap forward in both Multi-Country and Digital Payroll capabilities, with the company now rated highly for its ability to meet future client needs for Multi-Country payroll.
CloudPay’s recognition comes at a pivotal moment. Recent investment in product innovation – fueled by its recent $120m funding round – is driving the launch of new AI-powered capabilities, including payroll output reconciliation, G2N reconciliation, and PDF payslip generation. These innovations are setting a new standard in global payroll by enhancing efficiency and accuracy, and positioning CloudPay well ahead of the market.
Nick Webb, Chief Marketing Officer at CloudPay, commented: “Being recognised as a leader by NelsonHall is a testament to our commitment of pushing the boundaries of payroll technology. We’re not just keeping up with industry changes, we’re leading the charge. With our recent $120 million funding supporting our industry-leading product developments we’re continuing to set the pace for the future of payroll and payments on a global scale.”
Liz Rennie, NelsonHall’s HR & Talent Transformation Research Director, said “CloudPay is a Leader in the Digital Payroll Capability and Multi-Country Capability market segments, having developed significant capability to deliver digital multi-country payroll services over the past year, whilst establishing a robust roadmap that supports customer journeys, a high quality of service, and high degree of efficiency.”
As one of the fastest-growing global payroll providers, CloudPay’s innovative solutions are shaping the future of payroll while transforming how businesses manage and deliver payroll worldwide.
ENDS