News and Announcements
Strategic acquisition and capital raising
- Published March 31, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Click here to view the ASX announcement
About PayGroup Limited (ASX: PYG)
PayGroup is a leading provider of Software as a Service (“SaaS”) and Software with a Service (“SwaS”) Payroll and Human Capital Management (“HCM”) solutions to multinational companies (“MNCs”) and workforce management companies operating across 33 countries, comprising three subsidiaries:
- PayAsia – a specialist provider of HCM and Pay solutions based in Singapore;
- Astute – a SaaS-based Pay & Bill provider in Australia and New Zealand to workforce management companies; and
- TalentOz – comprehensive Global cloud-based HCM software with payroll modules.
Key service offerings:
- SaaS solutions for “Hire to Retire” HCM, human resources administration functions, expense management, electronic payslips, leave management, workflow, and employee updates
- Treasury services offering salary disbursement and statutory payroll payment services on behalf of clients for their employees including monetisation activities through the distribution of financial wellbeing products
Developed a strong and growing brand and expertise in the Asia Pacific region:
- ~60% of Asian MNCs have regional headquarters in Singapore due to tax incentives
- PYG is the only group who can provide a single view of a workforce and single vendor treasury services across 33 countries 226 employees in 11 countries servicing over 915 clients, processing 5.0m+ payslips per annum
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