CloudPay Strengths, Domain Expertise, and Key Differentiators
CloudPay provides managed global payroll services to multinational organizations through a single, unified cloud solution. By delivering end-to-end managed payroll services through an innovative platform, CloudPay 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 November 2019, CloudPay reported a record year with 400% new customer growth.
In May 2018, CloudPay raised an additional investment of $25 million in capital from Rho Ventures, Pinnacle Investment Partners, and Hercules Capital. This new funding will be used to further enhance CloudPay's award-winning technology platform and expand its market and global presence. CloudPay plans to use the new funding to scale its platform for use by smaller multinationals - allowing more global companies to take advantage of its sophisticated cloud payroll technology and compliant services in over 120 countries.
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.
Ownership: - x
Number of Employees: 409
Functional Market: Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
CloudPay Key Cloud and HCM Applications
CloudPay HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||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||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
CloudPay HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 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||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
CloudPay Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
CloudPay Customers - Breakdown by Geo, Size, Vertical and Product
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
CloudPay delivers services to over 2,500 multinational entities. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages.
CloudPay Market Opportunities, M&A and Geo Expansions
CloudPay continues to expand its global footprint. In 2020, CloudPay opened new service centers in Spain, France and Costa Rica, adding to the company’s existing roster of locations, which includes the U.S., Brazil, the U.K., Hungary, China, Philippines and Singapore.
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.
CloudPay Risks and Challenges
Expanding its HR and Payrol services will be crucial for its future success.
CloudPay Ecosystem, Partners, Resellers and SI
Among its 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
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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