CloudPay, a provider of managed global payroll and payment services and the HCM and payroll company Ramco Systems have announced a strategic partnership formed to help enterprises take better advantage of cloud payroll solutions. The partnership will combine CloudPay’s SaaS platform and expertise in managed payroll for multinational organizations with Ramco’s leading payroll software to deliver solutions for today’s increasingly complex and disbursed workforces.
By using Ramco’s platform, CloudPay will enhance and expand its managed payroll services for existing and new customers across the more than 120 countries it serves. Ramco will leverage CloudPay’s managed services solution to bring its Multi-Country Payroll platform to global organizations and continue to develop next generation innovations in payroll technology. The two companies, just named “Achievers” in Everest Group’s 2016 Multi-country Payroll Platform (MCPP) Assessment seek to address the rapidly growing US $1.37B multi-country payroll outsourcing market.
Paul Bartlett, CEO, CloudPay commented on the parthership:
We are transforming the way payroll processes and information are leveraged within the enterprise, moving away from fragmentation of data and global non-compliance that challenge multinational organizations. Our partnership with Ramco will allow us to further enhance our platform, provide cost-effective solutions, and address an even wider range of payroll complexities through greater standardization and innovative features around analytics.”
Virender Aggarwal, CEO of Ramco Systems, added:
While Ramco’s own platform covers Payroll for 35+ countries across ASEAN, Middle East and ANZ, CloudPay brings with it extensive reach and expertise in Europe and US. Together, we will now be able to give customers a seamless technology platform and services to manage their Global payroll. By combining CloudPay’s managed services offering with Ramco’s payroll platform, we hope to give multinational organizations a future-ready technology platform to manage their end-to-end payroll needs.”