TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    CloudPay

    Score9 out of 10
    N/ACloudPay 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

    Score9 out of 10
    N/AIT2 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
    Considered Both Products
    CloudPay
    No answer on this topic
    Ion Group
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    5 Answers
    No answers on this topic
    Delivers good value for the price
    80%
    Delivers good value for the price
    4 Answers
    No answers on this topic
    Happy with the feature set
    80%
    Happy with the feature set
    4 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    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.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Pros
    CloudPay
    • Global Payroll Basic
    • Earned Wage Access
    • Global Treasury Service
    • Payroll Efficiency Index
    Read full review
    Ion Group
    • FX Deals.
    • Bank Account Maintenance.
    • Cash Forecasting.
    • Cash Positioning.
    • Bank integration
    Incentivized
    Read full review
    Cons
    CloudPay
    • Fees
    • Tech support
    • Size restraints
    Incentivized
    Read full review
    Ion Group
    • Bank integration for payments.
    • Bank account maintenance.
    • Security features like PGP encryption.
    Incentivized
    Read full review
    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.
    Read full review
    Ion Group
    IT2 Addresses the below problems: 1. Cash Positioning. 2. Cash Forecasting. 3. Bank Account Maintenance. 4. FX Deals. 5. Bank Integration.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Ion Group
    • Less effort in bank account maintenance.
    • Efficient CASH FORECASTING and Cash Positioning.
    • Optimal FX deals.
    Incentivized
    Read full review
    ScreenShots

    CloudPay Screenshots

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