CloudPay Among HCM Top 500

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https://www.cloudpay.net/

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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 Key Cloud and HCM Applications

CloudPay

CloudPay HCM and Cloud HCM Applications Revenues, $M:

Type/Year20202021YoY 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:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (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 Total and HCM Applications Revenues by Region:

Region% of Total Revenues2021 Total Revenues, $M2021 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

RegionDirect SalesIndirect SalesTotal
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:

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