CloudPay, a cloud based payroll platform that offers implementation, managed payroll and support services has formed a strategic partnership with Ramco Systems that focuses on consulting, product and managed services business. The partnership has been formed to help enterprises take better advantage of cloud-based payroll solutions. The alliance will integrate CloudPay’s SaaS (Software-as-a-Service) platform and its managed payroll for multinational enterprises with Ramco’s payroll software, to offer solutions for multifaceted and complex workforces.
Paul Bartlett, CEO, CloudPay commented, “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.”
CloudPay claims that it can integrate with any HCM and ERP system and securely protect data through high-grade encryption, single sign-in authentication, an audit trail for tracking and reviewing, granular roles as well as permission controls. The company states that it adheres to EU and US data privacy and safe harbor standards.
Using Ramco’s platform, CloudPay plans to expand and improve its managed payroll services for its existing and new customers in 120 countries. Ramco, on the other hand, will leverage CloudPay’s managed services solution to bring its Multi-Country Payroll platform on a global level and continue to develop next generation innovations in payroll technology.
Virender Aggarwal, CEO of Ramco Systems said:
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,” Aggarwal added.