CloudPay vs. IT2

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
CloudPay
Score 8.9 out of 10
N/A
CloudPay is a payroll management tool designed specifically for organizations that have an international workforce. They offer payroll automation services, an earned wage access platform as well as global treasury services to ensure any employee no matter their location gets the money they have earned.N/A
IT2
Score 9.0 out of 10
N/A
IT2 is one of the ION Group's numerous treasury management systems, this one showcasing high configurability and customizability of workflow with an emphasis on visibility and interactiveness, supporting automation for a wide variety of financial transactions and instruments and available on cloud or on-premise.N/A
Pricing
CloudPayIT2
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
CloudPayIT2
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
CloudPayIT2
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Best Alternatives
CloudPayIT2
Small Businesses
Rippling
Rippling
Score 8.6 out of 10

No answers on this topic

Medium-sized Companies
Rippling
Rippling
Score 8.6 out of 10

No answers on this topic

Enterprises
Oracle Fusion Cloud HCM
Oracle Fusion Cloud HCM
Score 7.3 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
CloudPayIT2
Likelihood to Recommend
8.0
(5 ratings)
9.0
(1 ratings)
User Testimonials
CloudPayIT2
Likelihood to Recommend
CloudPay
In my organization, we have replaced all paperwork with this software, for the case of payroll, treasury, or on-demand payment. And from the backend, we have requested to enhance the feature like deductions and reimbursements. So in this way, it comes as a single tool to automate the whole payroll process. Which can be accessed, stored, update, and monitored from anywhere. So the whole organization and communications seem just to be a click away. Since we have switched to the cloud pay for payroll management, a lot of finance things are still there which need to be integrated with this system to make everything intact and altogether but cloud pay, as of now, do not have room to accommodate, and that's an issue to us, as a manager. So it's a request and suggestion as well to consider other finance-related things and try to fit in the same application, I know it's a big ask, but can be tried.
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ION Group
IT2 Addresses the below problems very well: 1. Cash Positioning.2. Cash Forecasting.3. Bank Account Maintenance.4. FX Deals. Less appropriate for 1. Integration with other transactional applications like Oracle ERP or SAP ERP.
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Pros
CloudPay
  • Global Payroll Basic
  • Earned Wage Access
  • Global Treasury Service
  • Payroll Efficiency Index
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ION Group
  • FX Deals.
  • Bank Account Maintenance.
  • Cash Forecasting.
  • Cash Positioning.
  • Bank integration
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Cons
CloudPay
  • Fees
  • Tech support
  • Size restraints
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ION Group
  • Bank integration for payments.
  • Bank account maintenance.
  • Security features like PGP encryption.
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Alternatives Considered
CloudPay
It allows the feature of flexible payment methods to complete of the payment of termination and the payment to be process on time which is recognized worldwide. The card payment process time is 3 days faster than the normal bank payment process, and you can stop easily. It integrates your payment procedures with a global cash flow solution that ensures the timely payments to regulate authorities like your employees, local authorities or to the third parties.
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ION Group
IT2 Addresses the below problems: 1. Cash Positioning. 2. Cash Forecasting. 3. Bank Account Maintenance. 4. FX Deals. 5. Bank Integration.
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Return on Investment
CloudPay
  • The positive impact is, a lot of manual work is automated now, which is saving a lot of time and man-hours.
  • Requests and demands can be accessed, monitored, and raised anytime from anywhere. So a lot of dependencies have been resolved.
  • Human resources and all finance is been integrated which is resulting in less work at the desk.
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ION Group
  • Less effort in bank account maintenance.
  • Efficient CASH FORECASTING and Cash Positioning.
  • Optimal FX deals.
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ScreenShots

CloudPay Screenshots

Screenshot of A screenshot of the Calendar tool within CloudPay that keeps track of all of payroll activities across all locations.