2014: A Year of Success and Strong Growth. Again.
Feb 11, 2015
CloudPay is on a singular mission – to create market-leading technology and use our payroll expertise and knowledge to revolutionize payroll and payments for multi-national organizations. A proven innovator in the field, offering the world’s only cloud-based platform for integrated global payroll and payments, we’ve introduced more unique solutions and capabilities that continue to lead the market and set the pace. As our journey continues, we reflect back on the past year, which was characterized by rapid growth and success.
Driving our strong momentum in 2014 was the addition of many new clients who recognized how our industry-leading solutions give them the visibility and control to manage payroll and payments successfully. Our new clients are incredibly diverse, representing a wide range of industries and with operations all over the world. These include a well-known provider of music streaming services, a top supplier of communications and security products, the global leader in Voice over IP communication services and applications, among many other successful, high-growth companies.
The past year also saw significant milestones in our product development, including the appointment of Gareth Hughes as CTO to guide our ongoing development and technical operations. In addition, CloudPay launched two new functionalities:
CloudPay Insights is our enhanced global payroll reporting solution. This ground-breaking innovation is the industry’s only common technology platform enabling multi-national organizations to dig deep into their own global payroll data to identify key workforce trends, find and address hidden costs and make well-informed business decisions.
CloudPay Control is a pioneering solution that helps organizations to address the complexities of global payroll, simplifying all steps of multi-country payroll workflow by automatically combining the global-, country- and customer-specific tasks of an individual payroll run into a cloud-based workflow process.
Over 2014, CloudPay significantly grew our partnership with Workday, particularly through its Workday certified interfaces that enables the flow of data from the company’s payroll integration capability back into the CloudPay system, providing further efficiencies to our joint clients. CloudPay had the honor of presenting our payroll and payment solutions and integration at Workday Rising 2014.
We also received some high-profile recognition from the larger SaaS and payroll industries. In particular, CloudPay was ranked as #155 on the Montclare SaaS 250, a list of the 250 most successful SaaS companies in the world. CloudPay continues to expand our position as the leading expert in global payroll, sharing our unrivaled subject matter expertise in comprehensive white papers, informative webinars and our monthly column in Purely Payroll magazine.
CloudPay has performed far beyond our own expectations in 2014 as we brought new possibilities to how we can further enhance cloud-based global payroll and payments processing. Although 2015 is still new, we are already building on our strong 2014 momentum and anticipate further success as we continue to bring new innovation to the global payroll landscape.