Papaya Recognized as Global Payroll Leader by World’s Top Analysts
Alex Margolin| Aug 06, 2020
Papaya has always believed that innovation, automation, and a total workforce solution can transform global payroll. We’re honored to see our approach and our groundbreaking technology featured in new reports by the world’s leading advisory organizations – Gartner, the world’s premier research organization, NelsonHall, a market leader in business process outsourcing, Staffing Industry Analysts (SIA), a leading advisor on contractor management, and 451 Research, a leading research firm providing market insights.
The coverage demonstrates that Papaya is leading the way in global payroll, and anyone who wants to know where the industry is heading needs to learn more about Papaya.
The Gartner report, Market Guide for Multicountry Payroll Solutions, looked at the major trends in global payroll, as well as challenges facing the industry. Papaya was featured in the study for the second year in a row.
Papaya was one of a select group of “Representative Vendors” evaluated according to four criteria:
- Flexibility to adjust payroll at any point in the cycle
- Mobile-enabled employee self-service
- Capability to accommodate user-defined formulas (for tracking overtime, etc.)
- Ability to pay employees via ePay card or online wallets.
Of the 25 vendors listed, Papaya was one of only six shown to deliver service in all four areas.
Gartner listed “hyperautomation” as a major driver leading to a digital transformation and predicted that 50% of payroll processes will be automated by 2023.
In the context of hyperautomation, Gartner’s profile of Papaya notes Papaya’s consolidation of pay elements into a unified whole, AI-assisted matching of payslips and invoices, and RPA-based document loading to eliminate manual file processing.
The Gartner report put an emphasis on payroll continuity in light of the global disruption of the Covid-19 pandemic. Among the “Critical Capabilities of Multicountry Payroll Solutions” Gartner lists Business Continuity Planning and Disaster Recovery Management. It also notes that moving payroll to the cloud makes it easier to keep critical processes running.
Papaya already offers a cloud-based continuity solution for companies to manage their global payroll under any circumstances.
In its section on leading trends in multi-country payroll, Gartner lists PEO – one of Papaya’s core solutions – as an emerging payroll trend for companies looking to hire abroad without an entity.
Papaya’s Employer of Record (also known as PEO) solution was also featured prominently in the latest report from NelsonHall. The eight-page profile offers a deep insight into Papaya’s key offerings, capabilities, and outlook.
Papaya’s third core solution – contractor management – was included in the latest research from the Staffing Industry Analysts (SIA). The report looked at Papaya’s contractor payrolling capabilities.
451 Research provided an in-depth look at Papaya’s products and strategy as well as its overall impact on the global payroll market.
Papaya is proud of the recognition from these world-class research organizations as we continue to lead the transformation and renewal of the global payroll industry.
About Papaya Global
Papaya Global offers a total workforce management solution supporting all types of global workers (payroll, EoR, and contractors) in over 100 countries. The automated, cloud-based SaaS platform provides an end-to-end solution, from onboarding to on-going management and cross-border payments.
The platform integrate with all existing workforce management tools, provides real-time business intelligence, and eliminates errors. It gathers all employee information into one place, creating a highly visible system for tracking payroll spending. The platform ensures GDPR and SOC compliance to maintain the highest standard of security.
Contact us to learn more about our innovative offering and our groundbreaking platform for managing global payroll.