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Vendor News

Industry developments from the global payroll vendor and research community.

NelsonHall Names Conduent Cloud-Based HR Leader

NelsonHall named Conduent Incorporated, a global solutions provider, an overall market segment leader for cloud-based HR transformation in its 2020 NelsonHall Evaluation and Assessment Tool (NEAT) Vendor Report. The report assesses 10 of the most significant providers offering digital workforce services based on their ability to deliver immediate benefit and meet future client requirements.

NelsonHall’s NEAT report placed Conduent as a “leader” in all five of its focus areas, citing the company’s technology-led digital services and digital workforce model as strengths based on the company’s experience in delivering these services and the cost reductions they provide. The report also lauded Conduent for its ability to drive these processes globally, its strong partnerships, and its ability to service clients on leading cloud platforms such as Oracle Cloud, SAP SuccessFactors, and Workday.

“This recognition underscores our position as a market leader and valuable partner for innovation and execution in the HR cloud transformation space,” said Tracy Amabile, Global Head of HR and Learning Services at Conduent. “Clients look to Conduent for the broad range of services, innovative solutions, and agility to meet the needs of their onsite and remote workforce, while delivering against business goals.”

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EMQ Expands Real-Time Payments Across Vietnam

EMQ, a global financial settlement network, announced it has expanded its real-time international payment capabilities across Vietnam, leveraging National Payments Corporation of Vietnam (NAPAS), the country’s domestic payment network. This, according to the company, will further support the government’s vision to accelerate Vietnam’s digital economy under the National Digital Transformation Program by 2025.

With EMQ’s global financial settlement network, customers from around the world can now seamlessly transfer money back home in minutes to 48 banks under NAPAS in Vietnam, and enjoy a full range of payout options including instant cash pickup, bank deposits to the partnered banks, or home delivery of cash to support their families and communities, the company said. With the addition of Vietnam, EMQ now offers cross-border payments across Cambodia, China, India, Indonesia, Nepal, Philippines, Singapore, U.K., and Vietnam, and 19 markets in Africa.

“Southeast Asia is growing at an unprecedented pace with Vietnam as the fastest-growing economy, and it is fueling the demands for a network infrastructure like EMQ that facilitates in minutes cross-border payments across the region,” said Max Liu, Co-Founder and CEO of EMQ. “Our expanded capabilities across Vietnam complement our efforts in providing the most reliable digital financial solutions for our customers while supporting digital transformation and economic growth across the emerging markets.”

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Praxonomy Secures Strategic Growth Investment From Tricor Group

Praxonomy, a provider of next-generation digital board portal solutions, announced a strategic investment from Tricor, a leading business expansion specialist in Asia. The investment, according to the company, will make Tricor one of the firm’s largest shareholders.

Tricor is Asia’s leading business expansion specialist providing integrated business, corporate, investor, HR and payroll, corporate trust, and debt services to more than 50,000 clients worldwide. According to the company, this investment will further strengthen the two companies’ global partnership and Tricor’s overall corporate governance technology capabilities. Praxonomy’s software-as-a-service platform simplifies the administration of board and senior leadership meetings, facilitates secure collaboration, and provides instant access to up-to-date information and sensitive documents for directors and executives.

“Praxonomy’s goal is to provide practical board portal solutions to organizations of all sizes while offering clients the security, data privacy, and reliability to satisfy even the most complex requirements,” said Jay Shaw, CEO and Founder of Praxonomy. “We are delighted that Tricor shares our vision and are thrilled to deepen our partnership with this investment. Tricor is uniquely positioned to help accelerate our growth and maximize our potential.”

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