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PYG - PAYGROUP LIMITED


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Headquartered in Melbourne, Australia, PayGroup Limited (ASX: PYG).

The Group is a provider of Software with a Service (SwaS) payroll solutions and APP enabled Cloud (Software as a Service or SaaS) Human Capital Management (HCM) platform for multinational companies. Clients are typically medium to large multinational companies with employees in multiple countries across Asia Pacific.

 

The Group operates as a trusted partner to perform the outsourced payroll process for the client employees, contractors , banking, treasury, lodgement of statutory submissions including taxation, superannuation, pension, provident funds, and other social benefits.

 

Beyond its SwaS Payroll Services, the SaaS HCM software platform supports clients in managing aspects of their employees life cycle, plus regional and mobile-enabled workflows for critical processes (such as employee and manager self service, leave management and expense management).

 

paygrouplimited.com

 

The company started in Asia has maintained its Pan Asian focus, utilising India and Philippines to grow the business. The first leg is PayAsia group of companies, including an Aust presence.... it has 875 client entities across the Middle East, subcontinent and SE Asia.

 

Listed on ASX in May 2018 and acquired Astute One at end of that year.. Astute is the second leg of the biz; it is a leading SaaS platform provider to workforce management companies and the corporate sector, with over 300 clients in Australia and New Zealand.

 

There is a fifteen minute webinar available:

 

https://www.sharecafe.com.au/2020/08/21/pay...r-presentation/

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  • 5 months later...

Trading conditions improve for AstuteOne as Employment Rebounds in Australia and New Zealand

PayGroup released its updated FY21 sales data in the week commencing 4 January 2021. and here they are :

  • Total Contract Value of $8.2m signed in the nine months to 31 December 2020 (Q1-Q3 FY21; 200% increase PCP - $4.1m FY20)
  • $2.8m of TCV signed in Q3 FY21 (a 115% increase on PCP – $1.3m in Q3 FY20)
  • Continued record sales growth for SwaS, SaaS and Treasury Services
  • Strong momentum exiting FY21 and entering FY22 – over 115 new client entities signed during the nine months to 31 December 2020, and further development supported by strongest sales pipeline
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  • 3 months later...

SC has an article on PayGroup, with the CEO

https://www.sharecafe.com.au/2021/06/04/pay...tpace-pandemic/

The highlight of the ... FY21 result was a breakthrough to positive full year EBITDA of $1.6 million, improving $2.2 million on the figure for FY20, driven by revenue growth, increased cost efficiencies, and enhanced operating leverage.

 

PayGroup operates a Software as a Service (SaaS) payroll and HCM (human capital management) platform aimed at Asia Pacific businesses. The company handles payroll and human resource services for more than 2,100 customers (1,100 companies and organisations) in 41 countries, across the Asia Pacific region. In FY21, PayGroup handled more than 5.4 million payslips, the bulk of its more than 6 million transactions.

It is business process outsourcing, but in particular, it is solving a pain point for multinational corporations. As these grow across multiple jurisdictions, payroll becomes a complex and costly jumble of different tax laws, reporting obligations, languages, currencies, time zones, and even banking hours, making it hard to streamline processes and manage them accurately. PayGroup's solutions do this for them....

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