SDWorx has extended the number of countries it can support for its payroll services through a new partnership with ADAM HCM. ADAM HCM provides payroll services to Central and South America as well as the Caribbean. The deal will enable SDWorx to provide global payroll to more than 70,000 customers around the world.
Based in Dallas, Texas ADAM HCM provides payroll solutions to more than 300 clients and processes more than 400,000 payslips each month. It focuses on large multinational organisations. ADAM HCM has integrated its solutions to the SDWorx platform to provide customers with a cohesive experience for all their employees. In total, it means that SDWorx can now service companies in more than 150 countries with market-leading payroll services.
Kobe Verdonck, CEO of SD Worx: “As an international company, we follow our customers, wherever they operate across the globe because we are convinced that proximity and local expertise are important assets to guarantee the best customer experience.
“At the same time, we offer these international companies global governance, so they keep the overall overview. While they focus on their core business, they can outsource their payroll and HR completely to us. Further international growth fits in our overall growth strategy. Thanks to the partnership with ADAM, we can now provide services in 150 countries.”
Is this reciprocal for ADAM HCM?
What is interesting is the comment by Brian Beneke, ADAM’s CEO. He said: “Working together brings meaningful benefits to SD Worx’s clients. Global users will be able to take advantage of ADAM’s unified solution for faster implementation, customization, and regional administration while also enjoying the benefits of SD Worx’s global expertise in Europe, Asia, and elsewhere.”
The inference is that ADAN does not seek to extend its services outside its core area. It prefers to partner and provide services within its domain. It doesn’t appear to provide payroll services in the US. Nor does it make public which other payroll providers it partners with. If its customers need solutions within Europe it may not be a source of new customers for SDWorx.
Enterprise Times: What does this mean
This is an important deal for SDWorx. It will especially help provide its Spanish and Portuguese customers with payroll services in South America. These companies often expand into that region rather than Europe. However, the deal may be even important for ADAM HCM.
The press release states that the company process 400,000 payroll slips monthly, or 4.8 million each year. This is less than half the number it claims on its website and under half than in a recent Nelson Hall analysis (10.7 million). If the company has lost such potential income, this deal should help it recover significantly and boost its revenues. This is a win-win for SDWorx as it looks to aggressively expand, as Verdonck revealed to Enterprise Times in a recent interview.
