- PayGroup (PYG) has signed a $120,000 contract with Volvo Group Singapore
- Under the three-year contract, PayGroup will supply its Software-with-a-service (SwaS) payroll offering to Volvo Group, along with multiple Software-as-a-Service (SaaS) Human Capital Management (HCM) modules
- The company acquired TalentOz in July 2020 and integrated its HCM technology with its SwaS payroll offering
- PayGroup Managing Director Mark Samlal said the contract highlights the company’s portfolio growth
- Shares in the company have been 1.83 per cent higher, trading for 55.5 cents
PayGroup (PYG) has signed a $120,000 contract with Volvo Group Singapore.
Under the three-year contract, PayGroup will supply its Software-with-a-service (SwaS) payroll offering to Volvo, along with multiple Software-as-a-Service (SaaS) Human Capital Management (HCM) modules including; Core HR, E Leave, E Claims and E time.
The company acquired TalentOz in July 2020 and integrated its HCM technology with its SwaS payroll offering. This provided PayGroup with a full service HCM product suite that covers the entire “hire to retire” lifecycle.
The company now has 229 employees in 11 countries, servicing over 995 client entities, which represents more than five million payslips per annum.
PayGroup Managing Director Mark Samlal said the contract highlights the company’s portfolio growth.
“PayGroup and TalentOz technologies can now be offered to clients as a seamless solution, with an integrated customer interface,” Mark said.
“We expect this to be a very attractive customer proposition and look forward to continuing to capitalise on new market opportunities within Asia and Australia,” he said.
“Our sales of new contracts in H1 FY20 were $5.4 million, 98 per cent of the total new contract wins in FY20. We expect this strong sales momentum to continue into H2 FY20 and we are highly confident of the growth we can deliver,” he added.
Shares in the company have been 1.83 per cent higher, trading for 55.5 cents.