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Industry developments from the global payroll vendor and research community.

ADP Ranks in Top 10 Best Companies for Multicultural Women

ADP has been named one of the 2018 Best Companies for Multicultural Women by Working Mother magazine for the fifth consecutive year.

The Working Mother Research Institute assesses companies with at least 500 U.S. employees, tracks their progress in promoting women of color, and evaluates their representation at every level of management and decision-making. The honorees were selected based on their answers to an extensive questionnaire covering various aspects of business and company culture.

“We are delighted to once again be named as a top company for multicultural women,” said Rita Mitjans, ADP’s Chief Diversity and Corporate Responsibility Officer. “At ADP, we are intentional about ensuring all talent has the opportunity to reach their potential and contribute to our collective success. We want women, and women of color in particular, to know that ADP is the kind of place that values, respects, and embraces their unique perspectives and is committed to their advancement.”

Visit www.adp.com for more information.

Signavio Fuels Further Growth With Series B Investment

Signavio, a provider of cloud-based process modeling and management systems, has received a €15.5 million investment following the company’s 90% growth in 2017. The Series B funding round, led by global growth equity investor Summit Partners, will help Signavio continue to expand its international presence.

Signavio’s Business Transformation Suite is recognized for its ease of use and rapid return on investment. CEO and Co-Founder Gero Decker said the suite was well-received in the marketplace thanks to its strong dynamic management system.

“The Business Transformation Suite is enabling businesses to pivot their strategy using real-time data that can be translated into actionable insights,” Decker said. “Our products for modeling, analysis, and business optimization allow our clients to deliver process improvements significantly faster than traditional approaches. In addition to Signavio’s core strength of collaborative process design, this also enables process mining, giving businesses the ability to turn digital traces of transactions into actionable process insights.”

Visit www.signavio.com for more information.

CloudPay Raises $25 Million in New Capital

CloudPay, a global payroll technology and services provider, announced it has raised an additional investment of $25 million in capital from Rho Ventures, Pinnacle Investment Partners, and Hercules Capital. The funding will be used to further enhance CloudPay’s technology platform and expand its market and global presence.

CloudPay CEO Paul Bartlett said the company plans to use the new funding to scale its platform for use by smaller multinationals—allowing more global companies to take advantage of its sophisticated cloud payroll technology and compliant services in over 120 countries.

“Today’s interconnected global workforce allows even the smallest companies to have a global employee base,” Bartlett said. “The size of a company should not determine the level of compliance and sophistication it can demand from its payroll providers. All organizations need a robust global payroll platform that delivers timely, accurate, and compliant payroll. We’re now scaling our SaaS technology to support smaller and emerging companies, as well as larger enterprises.”

Visit www.cloudpay.com for more information.