iiPay, which deals in providing global payroll solutions to multi-national corporations, released details of the new office opening earlier this year in Singapore. Singapore serves as the hub for the Asia Pacific operations and represents an exciting juncture of continued growth and investment in supporting global clients through service excellence and market-leading technical innovation.
iiPay continues to grow and partner with its existing clients while adding new clients at a rapid pace. This focus on client service excellence and innovation has resulted in an average revenue growth rate exceeding fifty percent for the last three years. The Singapore office launch follows the previously announced launch of its Budapest Hungary hub earlier this year.
According to Absolute Reports, a research report company, the global Payroll and HR Software market is anticipated to rise at a considerable rate, during the forecast period, between 2020 and 2026. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Clients in the fast-growing Asia Pacific region need increased payroll visibility and global reporting combined with compliance and accurate payroll delivery.
"iiPay's investment in the Asia Pac region represents a commitment to serve clients in an exciting growth market with tremendous opportunities to reduce complexities, ensure compliance, and provide a standardized approach to global payroll," stated Curtis Holmes, Chief Operating Officer, iiPay. "Our clients expect operational excellence in their currencies, local language, and time zone while respecting cultural norms. We expect to be our clients trusted payroll partner around the globe as they expand their business."
iiPay provides a global payroll solution, with a single technology platform to underpin day-to-day service delivery and enable effective compliance management, payment disbursements, data analytics and a single, standardized, Employee Self-Service experience across the globe.