CloudPay Strengths, Domain Expertise, and Key Differentiators
CloudPay is a provider that guides global companies with vision and care toward the comprehensive pay experience their employees deserve. CloudPay connects all employee pay processes – including payroll, payments, and on-demand pay – through a unified solution. CloudPay provides end-to-end managed payroll services through an innovative platform and ensures consistent and compliant payroll around the globe while reducing operating costs and minimizing manual processes. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages.
CloudPay Recent Developments
In July 2021, CloudPay launched CloudPay NOW. The newest solution in CloudPay’s extensive offerings, CloudPay NOW, addresses the financial wellness pressures of today’s employee pay experiences.
CloudPay Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CloudPay applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CloudPay and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CloudPay customers.
CloudPay Overview
Ownership: - The Olayan Group, Pinnacle Investment Partners, Rho Capital Partners, Runway Growth Capital and others.
Number of Employees: 700
Functional Market: Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K319, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
CloudPay Key Cloud and HCM Applications
CloudPay
CloudPay HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CloudPay Revenue Breakdown by Type:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
CloudPay HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2021 HCM Revenues, By Sub-Functional Markets, $M | |
CloudPay HCM Applications Revenues By Verticals, $M:
CloudPay Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
CloudPay Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CloudPay Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CloudPay Customers
No. of CloudPay Customers: 2500
No. of CloudPay HCM Applications Customers: 2500
No. of CloudPay Cloud HCM Customers: 2500
No. of CloudPay Cloud HCM Subscribers: x
Most recently, the company welcomed notable new customers to its 2,500 and growing customer base, including : Agoda, Elanco, IFS, and Thomson Reuters.
CloudPay Market Opportunities, M&A and Geo Expansions
After the investment from Runway Growth Capital in August 2020, CloudPay continues the funding series and in August 2021, has raised a new $58 million round of capital led by The Olayan Group. The Company also reported 400% New Customer Growth in 2019.
In September 2019, CloudPay presented the availability of its enhanced Treasury Services offering across more than 130 countries and 168 currencies, allowing multinationals complete control over end-to-end payroll and payments.
In May 2018, CloudPay raised an investment of $25 million in capital from Rho Ventures, Pinnacle Investment Partners, and Hercules Capital.
CloudPay Risks and Challenges
APAC is a highly dynamic, diverse region, with three of the world’s top 10 economies and several others emerging. It takes local expertise and global technology to support this fast-growing region and its workforce. Even a small misconception in CloudPay's Asia-Pacific (APAC) Payroll Efficiency Index (PEI) launched by CloudPay, which is examining payroll processes of the 15 highest-volume countries in the region, sourcing anonymized data directly from CloudPay’s unified payroll platform, could lead company's expansion in APAC in different ways.
CloudPay Ecosystem, Partners, Resellers and SI
In 2020 CloudPay has joined Ultimate Software’s UltiPro Connect Partners program. The new partnership gives CloudPay and Ultimate the ability to integrate their solutions to make it easier for mutual customers to exchange data between the UltiPro HCM solution and CloudPay’s Global Payroll Platform with a next-generation Connect 2.0 framework. Among their other partners are : Workday, BambooHR, SAP SuccessFactors, Workforce Factors, Oracle, Sage People, PeopleSoft, and many others.
CloudPay Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- CloudPay Public Cloud and Infrastructure (IaaS)
- CloudPay Platform (PaaS)
- CloudPay Application Delivery
- CloudPay Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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