EQ Global means simplicity for CloudPay, and savings

for its clients

EQ Global and CloudPay partner to ensure highly accurate and cost-effective bulk global payroll payments. Using EQ Global’s PayFac solution,

CloudPay is able to offer its clients a full payment service, achieving synergy between payroll and

payments and eliminating manual data entry and duplication.

EQ Global and CloudPay first formed a relationship in 2011 when EQ Global took on the responsibility

for some of CloudPay’s payroll clients.

In 2014 however, several big business wins for CloudPay left it needing a payments solution that could cope with large scale payroll

runs, while keeping the process simple and accuracy levels high. CloudPay turned to EQ Global’s PayFac solution to achieve this.

Key features of PayFac:• Full connectivity with a client’s existing

accounting system via an API or clients can uploadfiles from their accounting system (Sage, SAP, Pegasus etc.) directly into PayFac

• Transfers can be transmitted through UK BACS, CHAPS, UK Faster payments, SWIFT or SEPA

• Notification to the client and their recipient that the payment has been sent

• Tailored reports which are fully accessible online• Direct access to one of the world’s largest

transactional banks, providing great scale in the mostchallenging of countries.

CloudPay currently uses PayFac to make payroll payments across the globe, taking advantage of the wide variety of payment methods provided by EQ Global, including Urgent Wires, Automated Clearing House and Standard Wires.

The benefits for CloudPayWorking with EQ Global has brought considerable benefits to CloudPay. Automated file upload and direct integration between CloudPay’s cloud-based payroll software, CloudPay Payroll, and PayFac applications eliminate the need for manual keying of data, reducing the potential for costly mistakes and removing the duplication of effort that usually results from using multiple systems.Considerable cost savings have also resulted from the move to PayFac. One client, a multi-national financial services business, has reduced the overheads associated with its payroll payments by 41%, while continuing to make payments to 24 countries and in 14 currencies.CloudPay also benefits from extensive account management expertise and a dedicated support team.

THE SOLUTIONEQ Global combines combine access to one of the world’s largest global

payment networks with cutting-edge bulk payments technology. Our technology solution, PayFac, allows companies to securely transact

payments or convert currency online in just a few clicks. With built-in features that ensure compliance with in-country payments regulations,

PayFac delivers a high level of accuracy.

PayFac’s cloud-based platform supports automated file upload and allows direct integration between the Payroll (CloudPay Payroll) and the Payments (PayFac) applications respectively, thus reducing the need for manual intervention and minimising the risks. Its rich secure user-based privilege model makes it easy to control who has access to the payments application.

Furthermore, the PayFac application is supported by an expert team of individuals within EQ Global who ensure clients have complete control over their payments process. Individual

accounts and currencies can be maintained within the application which benefits multi-national organisations who handle multiple payments across numerous countries and customers for

reconciliation and assurance purposes.”

Andrew Pearson, CEO of CloudPay

equinitiglobal.com

Get in toucheqglobal@equiniti.com | +44 (0)844 776 1836 | equinitiglobal.com

John Pearcejohn.pearce@cloudpay.net | +44 7943 837153 | cloudpay.net

About CloudPayCloudPay is the world’s only cloud-based platform for integrated global payroll and payments processing, collaboration and delivery. The organistion believes that collaboration and integration are the only ways to address the complex and valuable challenge of how to manage global payroll and payments. It is creating market leading technology and using payroll expertise and knowledge to revolutionise payroll and payments for multi-national organisations. CloudPay enables multi-national organisations 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.

About EQ GlobalEQ Global is the assured international payments alternative for large businesses. As part of Equiniti, a specialist payments provider making £92 billion in complex payments every year, their clients are certain that payments will be accurate, on time and secure.