Andover, UK – 28 October 2024 – CloudPay, the global leader in payroll and payments solutions, is proud to announce its recognition as a Major Contender in the Everest Group 2024 Multi-Country Payroll (MCP) PEAK Matrix® Assessments for the Global, EMEA and APAC regions. This achievement further solidifies CloudPay’s leadership in transforming payroll for the modern world, while reinforcing its position at the forefront of global payroll innovation.
CloudPay’s recognition as a top-performing Major Contender, both globally and in EMEA, for eight consecutive years, demonstrates its sustained upward trajectory and strong market positioning. This achievement This achievement reflects CloudPay’s commitment to innovation and delivering customer-centric solutions that address the evolving demands of global payroll.
Backed by the recent $120m funding round and its high-performance approach to payroll, CloudPay leverages AI to help payroll teams and employees easily resolve standard queries and intelligently perform essential tasks. Automation reduces manual efforts, simplifying the end-to-end payroll-to-payment process, while APIs seamlessly embed data into other platforms, enhancing the user experience and operational efficiency. These capabilities, combined with new features such as payroll output reconciliation, G2N reconciliation, and PDF payslip generation, are redefining global payroll efficiency, accuracy, and integration, positioning CloudPay well ahead of market trends.
Nick Webb, Chief Marketing Officer at CloudPay, commented: “CloudPay’s recognition as a Major Contender by Everest Group reinforces the world-class payroll performance our customers rely on. By focusing on innovation and automation, we ensure businesses benefit from advanced solutions that streamline complex payroll operations and drive efficiency. Our commitment to delivering high-performance payroll enables our customers to confidently navigate payroll challenges while maintaining the highest standards of service and technology to support their growth.”
Priyanka Mitra, Vice President at Everest Group, commented: “CloudPay’s commitment to a holistic payroll ecosystem, with a strong focus on deepening its integration with leading HCM systems and the use of advanced analytics for actionable insights, has fueled its robust growth over the past year. This, coupled with its user-centric design approach for the platform and solutions such as Earned Wage Access (EWA) that address the evolving needs of payroll markets, has set it apart and reinforced its position as a Major Contender in Everest Group’s Multi-Country Payroll (MCP) Solutions PEAK Matrix® Assessments for the Global, EMEA, and APAC regions.”
Everest Group’s 2024 MCP PEAK Matrix® evaluates providers based on their market impact, vision, and capability, offering an independent assessment of global payroll service providers. 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