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Global Payroll Leader CloudPay Ranks in the Montclare SaaS 250

RALEIGH, NC and LONDON, UNITED KINGDOM — (Marketwired) — 12/04/14 — , the world–s only cloud-based platform for integrated global payroll and payments, today announced its inclusion in the , a list identifying the 250 most successful SaaS companies in the world. Overall, CloudPay was ranked as number 155 on the list, highlighting its position as a leading SaaS company.

Payroll is one of the most challenging business processes for today–s companies, particularly those with operations in multiple countries. As payroll continues to be highly regulated across the globe, companies typically manage payroll at the local levels. In taking this approach, however, they often lose control and visibility of the payroll function and its costs.

CloudPay has revolutionized the process through its cloud-based integrated platform for payroll and payments and its high-level expertise, providing multi-national organizations with industry-leading managed payroll and payments processing, consolidated reporting and analysis. Delivered by an integrated cloud-based platform, CloudPay offers a consistent and consolidated solution and user experience worldwide. The result is a multi-lingual, multi-currency solution designed as a true multi-tenanted cloud-based solution that automates global payroll and payments, provides a common process and enables full visibility and control of the payroll approval process across all locations.

“CloudPay delivers robust, cloud-based technology that streamlines the way multinationals manage the increasingly complex area of global payroll and improves business performance through greater fiscal control, enhanced visibility, local and global compliance, and reduced payroll and payment operational costs,” said Andrew Pearson, CEO of CloudPay. “A truly cloud-based solution, CloudPay provides a simple way for organizations to overcome their biggest payroll and payments processing challenges. We are honored that the strength of our software has been recognized by Montclare and thrilled to be included among the Montclare SaaS 250, confirming our status as a leading SaaS company.”

The Montclare SaaS 250 provides insights on the SaaS industry as well as analysis on the most significant global SaaS companies. The research report is an invaluable resource for software executives, investors and analysts to understand the behaviors of successful SaaS companies and the landscape in which they coexist. The list of 250 companies is publicly available at . From start-ups to notable public firms, Montclare–s research highlights trends, fundings, acquisitions, and other relevant insights critical to those interested in studying this dynamic market.

“Inclusion on the Montclare SaaS 250 means CloudPay has experienced significant growth in recent years,” said Kevin Dobbs, CEO at Montclare. “As one of the fastest growing SaaS companies in the world, CloudPay has demonstrated excellence in a number of areas including innovation and entrepreneurship.”

CloudPay is the world–s only cloud-based platform for integrated global payroll and payments processing, collaboration and delivery. We believe that collaboration and integration are the only ways to address the complex and valuable challenge of how to manage global payroll and payments. We–re creating market leading technology and using payroll expertise and knowledge to revolutionize payroll and payments for multi-national organizations. CloudPay enables multi-national organizations to improve business performance through greater fiscal control, see people costs through enhanced visibility, assure local and global compliance, and reduce payroll and payment operational costs. For more information about CloudPay, please visit or visit us on Twitter .

Montclare is a leading provider of strategic SaaS (Software-as-a-Service) consulting and research. The company develops the Montclare SaaS 250, the industry–s leading report on the most influential SaaS companies in the world. Montclare provides research and guidance designed to assist companies transitioning to the SaaS business model, as well as directing existing SaaS companies on optimizing business models, controlling costs, improving revenues and delivering world-class software. Regularly trusted by the world–s largest technology companies, Montclare ensures results, improving growth, innovation and profitability. For more information, visit .