CloudPay Recognized by SIIA as Best Human Capital Management Solution
CloudPay NOW, Global Earned Wage Access Solution, Earns Prestigious Industry Recognition
WASHINGTON, D.C. (June 22, 2021) – Leading global pay provider CloudPay’s newest solution, CloudPay NOW, has been named the best Human Capital Management product of 2021 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.
CloudPay’s Chief Marketing Officer, David Barak, commented, “It’s an honor to be acclaimed by SIIA, one of the world’s leading organizations focused on recognizing innovative solutions. CloudPay NOW represents the next wave of disruption in payroll, HR, and employee financial wellbeing. We’re uniquely positioned to help multi-national companies since CloudPay NOW seamlessly integrates with CloudPay's global treasury and payroll services.”
CloudPay NOW offers employees access to their earned wages in advance of payday through a global technology platform. Different from conventional payday loans and other consumer credit products, CloudPay NOW does not charge employees interest or penalties and is based on accessing funds earned rather than anticipated future wages. Moreover, unlike other on-demand pay solutions, CloudPay NOW makes this benefit available globally, to all employee populations of a company's workforce.
“Congratulations to all of the 2021 Business Technology CODiE Award winners,” said SIIA President Jeff Joseph. “The products honored this year hold a particularly special place in the distinguished history of the CODiEs. Many of these winners literally helped business survive, and even thrive, as the global business community transitioned to remote status due to the pandemic. All those honored today demonstrate the resilience of this dynamic industry. Innovation continued even in the face of an unprecedented challenging year.”
The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, announced the full slate of CODiE winners during an online winner announcement June 22 in light of the ongoing COVID-19 pandemic.
Acknowledged as the premier awards program for the software and information industries for over 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, media and digital content industries. CloudPay NOW was honored as one of 46 winners across the 43 business technology categories, including two categories in response to COVID-19.
About the SIIA CODiE™ Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence.
Employee pay processes have broad business consequences, requiring modern solutions and trusted experts. CloudPay is the only provider that guides global companies with vision and care toward the comprehensive pay experience employees deserve. CloudPay connects all employee pay processes – including payroll, payments, and on-demand pay – through a unified platform, available across 130+ countries. CloudPay experts implement best practices, navigate change, optimize operations, and improve employee experiences. To learn more about why over 1500+ global companies trust CloudPay with their employee pay initiatives, visit www.cloudpay.com.