ADP and Convera Partner for Integrated Payroll and Payments Solutions
In a pioneering move, ADP, a global leader in human capital management solutions, has joined forces with Convera, a prominent B2B payments FinTech, to offer ADP clients a comprehensive end-to-end payroll and payments solution. This strategic collaboration represents a significant step towards simplifying and streamlining the complex landscape of payroll and payments processes, aligning ADP’s expertise in compliant payroll solutions with Convera’s prowess in payments capabilities.
The complexity of payroll payments extends beyond mere fund transfers as organisations grapple with many variables in managing compliant payroll transactions. President of ADP Celergo Streamline, Frank Smits, emphasises, “Accurate and timely payroll payments require more than just moving funds. Many organisations don’t have the expertise or resources to navigate the multitude of variables for managing compliant payroll payments. In collaborating with Convera, ADP is happy to help manage this complexity for our clients.”
The strategic alliance between ADP and Convera allows ADP clients to streamline their payroll and payment processes through a single integrated platform, effectively reducing manual complexities and enhancing overall efficiency. This integrated solution can significantly improve payroll payment accuracy, compliance, and security within a simplified and automated workflow. One of the standout features of this collaboration is that businesses will no longer need to access multiple banking platforms, as ADP and Convera are delivering a single, simple, and secure process for managing payroll and payments.
As the business landscape continues to evolve, global companies grapple with many challenges, including economic volatility, currency fluctuations, regulatory constraints, and workforce transformations. Patrick Gauthier, CEO at Convera, asserts, “Companies globally face dramatic changes, ranging from economic upheaval and currency fluctuations to regulatory constraints and workforce evolutions. As one of the largest global business payment networks, we aim to help our clients grow their business with confidence, and we look forward to this significant and strategic collaboration to serve ADP’s global client base and evolve our integrated payments ecosystem together.”
This groundbreaking partnership follows hot on the heels of ADP’s recent launch of a customisable payroll solution tailored specifically for large businesses with over 1,000 employees across diverse industries. The introduction of ADP Enterprise Payroll empowers organisations to configure their payroll processes to align with their unique business requirements, further underlining ADP’s commitment to innovation and tailored solutions.
Convera, on the other hand, made waves earlier by teaming up with GTreasury in August to offer an integrated payments service. This partnership was initiated with a pilot program in the Asia-Pacific (APAC) region, allowing large corporate and enterprise clients to seamlessly integrate GTreasury’s treasury management system software with Convera’s B2B cross-border payments platform.
In conclusion, ADP and Convera’s collaboration heralds a new era in payroll and payments solutions, offering businesses an integrated, streamlined, and secure approach to managing their financial transactions. With their combined expertise, global reach, and commitment to excellence, ADP and Convera are poised to redefine the landscape of payroll and payments for organisations worldwide.
