UKG Reached an Agreement to Acquire Immedis
UKG Inc., a provider of HR, payroll, and workforce management solutions, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting more than 160 countries.
UKG announced the acquisition on June 6, and it will be completed within the next 60 days.
Immedis, founded in Ireland in 2016, provides organizations with a global payroll technology platform built on a perpetual validation engine, which, according to the company, allows for consistent data modeling and reporting, regardless of in-country provider. It also offers payroll managed services in 160 countries and 120 currencies.
Through the acquisition, UKG will immediately begin offering fully managed, multi-country payroll service for businesses headquartered in the United States and Canada that seek support processing payroll outside of North America.
“Traditional global payroll is a cumbersome and complex process that too often relies on a patchwork approach, lacks transparency and insight, and is prone to errors that hurt both people and organizations,” said Hugo Sarrazin, Chief Product and Technology Officer at UKG. “The formidable combination of UKG and Immedis will be transformative and help us reshape and modernize how North American-based global businesses manage their people—and compliance—worldwide.”
Visit UKG for more information.
Global Payroll Payments Solution Offers Expanded Network, Currency Coverage
Nium, a provider in real-time global payments, has enhanced its payroll payments solution to support the complex needs of payroll platforms worldwide. According to the company, Nium’s payroll solution simplifies global growth for most payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack.
In addition to expanded network and currency coverage in Canada, Africa, Middle East, Latin America, and Asia Pacific, new enhancements to this offering include foreign exchange (FX) transparency; beneficiary pre-screen and confirmation of payee; scheduled payouts; and direct debit in U.S., U.K., and EU.
“Getting money to every employee or contractor on payday in their preferred account, on time, and across multiple geographies is not easy,” said Robin Gandhi, CPO of Nium. “With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don’t have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them.”
Visit Nium for more information.
Papaya Global Announces Launch of First AI-Based HCM Cloud Connector
Papaya Global, a SaaS fintech company specializing in global workforce management, announced the launch of its new solution, the HCM Cloud Connector. Leveraging the power of artificial intelligence (AI), this tool, according to the company, revolutionizes payroll implementations, changing integration time from a year to a single day.
Designed as a magical "universal remote" for payroll, this industry-first, AI-driven solution empowers clients to upload and synchronize their human capital management (HCM) data—as is, from any platform, in any format—securely, accurately, every pay cycle. This, according to the company, eliminates the costly and time-consuming challenges normally associated with multiple integrations and HR data management.
“Payroll professionals have endured long enough without the proper tech-first solution” said Ronen Keinan, Chief Operating Officer at Papaya Global. "We are giving them a truly disruptive tool—it will fit any tech stack and enable them to continue using any HCM platform while seamlessly integrating with Papaya OS. We are the first company in this space to fully adapt to our clients' needs rather than the other way around."
Visit Papaya Global for more information.