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Recent News

21-Apr-2017

SD Worx posts strong annual results for 2016

Antwerp, 21 April 2017 – HR service provider SD Worx saw its sales increase last year from €284 million to €397 million. This strong growth is mainly due to two major acquisitions last year: in March, SD Worx acquired the German company fidelis HR, with Ceridian UK and Ceridian Ireland being added in June. This helped SD Worx to reinforce its position as number two in the European payroll services sector.

The acquisitions resulted in a €90 million uplift in sales. The additional revenue of €23 was generated through organic growth, accounting for a rise of 8% over 2015. Compared to the previous year, net profits increased by €9.4 million to €47.7 million in 2016. EBIT, earnings before interest and taxes, climbed from €25.2 to €35.2 million in 2016.

An international player, but with a focus on local markets

Last year, SD Worx also purchased the remaining shares of the Belgian company Protime and SD Worx Netherlands, with the result that both companies are now wholly owned by the SD Worx Group. We now have offices in 10 countries: Belgium, Germany, France, Ireland, Luxembourg, Mauritius, Netherlands, Austria, the United Kingdom and Switzerland. Via the Payroll Services Alliance, SD Worx now provides services to companies all around the world.

“Last year was clearly the year of internationalisation for SD Worx. We are also continuing to see an awful lot of growth potential in the international market. Our customers are also becoming more and more international. We respond to this with the services we provide. In December 2016, Ascender, the leading payroll provider in the Asia-Pacific region, joined the Payroll Services Alliance. This strategic global network of payroll providers that we established, now services 130,000 clients with over 32 million employees. We combine our international expertise with our knowledge of the local markets and business. In this way, we accompany our customers on their international growth path and continue to stay close to them in the literal sense. The combination of local roots and international presence remains a key strength,” claims Steven Van Hoorebeke, CEO of the SD Worx Group.

More information?
Cindy Berichon, Global Marketing Manager
T +44 (0)7767 004 356
Cindy.Berichon@sdworx.com

About SD Worx
SD Worx offers full service in the Payroll, HR and Tax & Legal areas in 28 European countries. Over 3,600 staff serve more than 60,000 customers in the private and public sectors, from SMEs to very large organisations. They offer payroll calculation and administration, training, HR research, socio-legal, fiscal and HR consultancy, specialist software for personnel departments and on-site support.

SD Worx calculates 4.15 million salaries every month and operates offices in Belgium (HQ), Germany, France, Ireland, Luxembourg, Mauritius, Netherlands, Austria, the United Kingdom and Switzerland. SD Worx is a joint founder of the Payroll Services Alliance, which handles 32 million payroll calculations.

For more information visit www.sdworx.com

Antwerp, 21 April 2017 – HR service provider SD Worx saw its sales increase last year from €284 million to €397 million. This strong growth is mainly due to two major acquisitions last year: in March, SD Worx acquired the German company fidelis HR, with Ceridian UK and Ceridian Ireland being added in June. This helped SD Worx to reinforce its position as number two in the European payroll services sector. The acquisitions resulted in a €90 million uplift in sales. The additional revenue of €23 was generated thr..

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31-Jan-2017

Ascender and NGA HR Australia and New Zealand join forces

Ascender and NGA HR Australia and New Zealand join forces to establish regional payroll market leader.

Ascender acquires Australia and New Zealand business from NGA Human Resources.

31 January 2017 - Ascender and NGA Human Resources today announce they have completed a transaction whereby Ascender has acquired the Australia and New Zealand business of NGA Human Resources, one of Australia's leading HR and Payroll Technology and Services organisations.

This transaction will create the market leader in HR & payroll software and services in ANZ and the Asia-Pacific region, servicing over 3,000 clients and over 1.7m employees.

As part of the agreement, Ascender and NGA HR have entered into a strategic partnership to deliver payroll and HR services solutions for the ANZ region to ensure a seamless solution for NGA HR’s global payroll and HR clients, as well as continued service delivery for local NGA HR’s customers leveraging NGA’s global delivery centres.

The technology assets and service capabilities acquired from NGA HR include 200 highly trained staff across Australia and New Zealand, and state-of-the art HCM platforms such as Preceda and PS Enterprise. The Association for Payroll Specialists (TAPS) is also part of the transaction and will continue to operate as an independent association, providing payroll advice, training and recruitment services to its 4,000 payroll professional members as it has for the last 26 years.

Through a newly formed partnership both parties will collaborate to provide ANZ payroll solutions to NGA’s global enterprise clients, as part of NGA’s global payroll offering. The strategic partnership will include collaboration around payroll innovation and broader HR services offerings, including a range of flexible service delivery options for global clients with a footprint in ANZ.

Adel Al-Saleh, CEO of NGA Human Resources says: "Following 15 quarters of continued revenue growth in our ANZ business, we are excited to see the combination of the two businesses to create a distinct regional market leader. Over the years we have focused relentlessly on client satisfaction and technology innovation, which now allows the combined businesses to claim market leadership in the ANZ region. We are looking forward to working with Ascender in delivering regional payroll solutions to our global enterprise clients as part of our NGA Global Payroll offering."

This acquisition is aligned to Ascender's 2020 strategy to become an Asia-Pacific leader in payroll and HR services. As part of the transaction Ascender will ensure continuity of the acquired payroll operations, service agreements and software development.

Following the transaction, NGA HR’s ANZ President Ms Marjukka Maki-Hokkonen has been appointed CEO of Ascender and will lead the combined businesses.

Marjukka Maki-Hokkonen says: “This is an exciting opportunity which will allow us to claim the top spot in Australia and New Zealand, building on Ascender’s existing market-leading position in Asia. This transaction provides continuity and innovation to clients, and expanded career development opportunities to employees. Our commitment to client satisfaction, technology innovation, compliance and flawless HR and payroll service delivery is unmatched in Australia and New Zealand.”

Andrew Gray, Managing Director of Potentia and Chairman of Ascender’s board added, “This transaction is an important milestone for Ascender and I am looking forward to the long-term strategic partnership with NGA HR. I am thrilled that Marjukka will be leading the combined business. Marjukka’s 15 years’ leadership experience in the industry along with her strong track record and relentless focus on customer satisfaction mean this is exciting news for our clients, partners and employees. We have no doubt she is going to be an exceptional leader through Ascender’s next stage of growth”.

About Ascender
Founded in 2003, Ascender offers advanced payroll service solutions using SaaS, co-managed and fully- managed delivery options. Our proprietary platforms allow us to seamlessly tackle very large, complex clients that require process re-engineering, process standardization and automation, and extended payroll services. We are the leader in Asia Pacific multi-country solutions, enabling consolidated reporting and multiple language and currency capabilities. Headquartered in Australia, we have 700 highly trained employees that provide services in up to 31 languages, in 19 countries through 12 delivery centres. Together, our team serves 3,000 client entities and their 1 million employees.

Ascender was acquired in 2015 by a consortium led by Potentia and including 5v Capital.

About NGA Human Resources
At NGA Human Resources, our mission is to make HR work better. We help organizations worldwide pioneer digital HR, master payroll, ensure compliance, unlock workforce data,
and deliver best-in-class HR operations. As a result, HR leaders can create better employee experiences, save money, and transform their organizations.

NGA Human Resources has been a leading provider of HR solutions for over 40 years. We are recognized as a driver of innovation in HR by leading market observers. Our 8,000 staff in 35 countries administer and reward 8 million employees in over 150 countries. What sets us apart is The NGA Advantage. It is a unique combination of deep HR experience and insight, advanced technology platforms and applications, and a global portfolio of flexible service delivery options.

--- Ends ---

Media Contact Ascender:
For more information about this announcement please contact:
Sasha Nicoll
sasha.nicoll@ascenderhcm.com
Phone: +61 421 870 078
For more information please visit the company website: http://www.ascenderhcm.com.

Media Contact NGA Human Resources:
For more information about this announcement please contact:
Caroline Garstang
Caroline.garstang@ngahr.com Phone: +44 (0) 1442 232424

Ascender and NGA HR Australia and New Zealand join forces to establish regional payroll market leader. Ascender acquires Australia and New Zealand business from NGA Human Resources. 31 January 2017 - Ascender and NGA Human Resources today announce they have completed a transaction whereby Ascender has acquired the Australia and New Zealand business of NGA Human Resources, one of Australia's leading HR and Payroll Technology and Services organisations. This transaction will create the market leader in HR & payroll software a..

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15-Dec-2016

Payroll Services Alliance welcomes Ascender

Geographical expansion to the Asia-Pacific and Middle-East region.

Payroll Services Alliance one of the leading global networks.

Singapore, 15th December 2016. - Ascender, the leading payroll provider in the Asia-Pacific region, joins the Payroll Services Alliance, a strategic network of payroll services providers. Ascender (HQ in Sydney, Australia) offers fully integrated and multinational payroll solutions. The Payroll Services Alliance was established by SD Worx and Aditro in 2010 in order to gather leading payroll companies to offer consistent multi-national solutions. By joining forces with Ascender, the geographical reach of the Payroll Services Alliance now covers besides Europe, the US and Canada also Asia-Pacific and the Middle-East. The Payroll Services Alliance now services 130,000 clients with over 32 million employees and is one of the leading global providers. 

The Payroll Services Alliance consists of partners who cooperate in a unique way, in order to simplify global payroll management for their customers. Each payroll outsourcing partner is a leader and expert in its region. Together the partners constitute a global network that combines local expertise with global effectiveness. Not only in solutions and innovation, but also in thought leadership and their customer focus. With Ascender joining the partnership, the Payroll Services Alliance has a strong leadership presence in global research firm Gartner’s Magic Quadrant for Payroll BPO Services: Ascender, SD Worx and Ceridian are all positioned in the top quadrant, representing three of the five leaders in this analysis.

“By adding Asia, Australia and the Middle-East to the Payroll Services Alliance reach, we strengthen the position of the Alliance in the global payroll market and challenge our competition. Most importantly, we offer our clients the best of both worlds: global governance with local expertise, with a consistent level of services across countries”, says Steven Van Hoorebeke, CEO of the SD Worx Group and cofounder of the Payroll Services Alliance.

Rishabh Mehrotra, CEO of Ascender added, “We are excited to be part of the Payroll Services Alliance as we continue to scale our business to be the leading payroll provider in Asia Pacific. We see a lot of opportunity to deliver increased value to our clients through this alliance of regional experts, which is disrupting the typical force-fit model that can be experienced from many global payroll providers.”

“We forecast that this alliance will have material impact on the growth of our business” said Rishabh.    

Leading payroll provider in the Asia-Pacific region strengthens Payroll Services Alliance
Ascender is the leader in Multi-Country Payroll Outsourcing (MCPO) in the Asia-Pacific and Middle-East region. The company has expertise in both regional and multi-country payroll outsourcing. With its 700 employees in 19 countries, Ascender provides services to more than 3,000 client entities with over 1 million employees in more than 35 countries. Their client portfolio ranges from SMEs to multinationals in all vertical sectors, both with local and international customers.

Ascenders cloud-based platform allows them to seamlessly tackle very large, complex clients that require process re-engineering, process standardization and automation, and extended payroll solutions. Ascender also offers learning solutions to their clients, focusing on new methods such as adaptive learning and gamification. The company is a leader in online learning in Australia, and has consecutively won awards year on year since 2012.

More information?
SD Worx
Pieter Goetgebuer, Press Officer SD Worx
T +32 (0)3 201 76 68 / M +32 (0)497 45 36 73
pieter.goetgebuer@sdworx.com

Ascender
Yuet Leng Tang, Marketing Director, Asia & Middle East
T +65 6871 1688 / D +65 6871 1610
yuetleng.tang@ascenderhcm.com

About the Payroll Services Alliance
The Payroll Services Alliance was set up by SD Worx, Aditro and their partner companies, to provide the first pan-European payroll solution which can deliver a consistent level of service across countries. Since Ceridian (US and Canada) joined in 2015 and Ascender joined in 2016, the Payroll Services Alliance is a global network.

All the members of the Alliance are leading payroll service companies in their home markets. They service 130,000 clients with over 32 million employees. Together, the partners have a revenue that exceeds 1,600 million euros.

The Payroll Services Alliance consists of: Ascender (Asia-Pacific and Middle East region), Aditro (Northern Europe); Ceridian (US, Canada); Elanor (Central and Eastern Europe); F2A (Italy); SD Worx (Western Europe); Seresco (Southern Europe); Trianon (Switzerland). Via a network of subcontractors, the Payroll Services Alliance also deliver services in Africa and Latin America.

More information: www.payrollservicesalliance.com

About SD Worx
SD Worx globally delivers a full range of quality services in the areas of Payroll, HR and Tax & Legal, with more than 3,600 staff serving more than 60,000 clients, offering salary calculations, training, HR research, social-legal, tax and HR-related consultancy services, specialist software for personnel departments and on-site support.
SD Worx calculates about 4.15 million salaries each month, whilst running its own offices in Belgium (HQ), Austria, France, Germany, Ireland, Luxembourg, the Netherlands, the United Kingdom and Switzerland and a service delivery center on Mauritius. SD Worx is a co-founder of the Payroll Services Alliance whose members jointly handle 32 million salary calculations.

More information: www.sdworx.com

About Ascender
Founded in 2003, Ascender offers advanced payroll solutions using SaaS, co-managed and fully-managed delivery options, and has consolidated reporting and multiple language and currency capabilities. Their proprietary platform allows them to seamlessly tackle very large, complex clients that require process re-engineering, process standardization and automation, and extended payroll solutions. Headquartered in Australia, Ascender has 700 employees that provide services in up to 31 languages, in 19 countries through their 12 delivery centres. Together, their team serve more than 3,000 client entities and over 1 million employees in more than 35 countries. Ascender's scalable platform enables it to serve clients with 1 to 100,000+ employees in each country.

More information: www.ascenderhcm.com

Geographical expansion to the Asia-Pacific and Middle-East region. Payroll Services Alliance one of the leading global networks. Singapore, 15th December 2016. - Ascender, the leading payroll provider in the Asia-Pacific region, joins the Payroll Services Alliance, a strategic network of payroll services providers. Ascender (HQ in Sydney, Australia) offers fully integrated and multinational payroll solutions. The Payroll Services Alliance was established by SD Worx and Aditro in 2010 in order to gather leading payroll companies t..

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29-Nov-2016

Majority of multinationals yet to achieve one single source of payroll truth

New research released today by global payroll and HR solutions provider, SD Worx, shows that almost two-thirds (65%) of global organisations are using multiple payroll systems across different geographic markets, leading to inconsistency, inaccuracy, and lack of global visibility. More surprising still, is the finding that more than 5% of respondents admit to having no automated payroll system in place whatsoever, and rely solely on manual processes.

- Nearly two-thirds use multiple payroll systems around the world
- More than 5% still manage payroll via manual processes only
- Over half (56%) struggle to maintain accuracy across different geographic markets

SD Worx’s research, which was conducted last month, polled 500 payroll and HR leaders working within global organisations, and looked to identify how modern multinationals are managing their payroll needs as the business world becomes ever more disparate and global.

Remarkably, despite more than 90% of respondents indicating that one global payroll system delivers optimum business benefit, less than a third (29%) of global organisations have one single system of record in place that can offer all-encompassing payroll services on a global scale. 

When respondents were asked about the key issues they face as a payroll professional working in a multinational organisation, well over half (56%) of respondents admitted to having problems with payroll accuracy across different geographic markets. Inconsistencies with the provision of high service levels was also cited as a top concern by 42% of those surveyed, and just over a third (34%) indicated payroll was too cost heavy. Other key issues included time-consuming partner management (29%) and lack of international reporting capabilities (20%).

Thierry Vanbever, Director Global Services and Solutions at SD Worx, commented: “This research shows that, staggeringly, most global organisations have not yet woken up to the fact that ineffective payroll systems are eating into business profit by increasing both cost and complexity. This issue needs to be elevated to further marry the HR department with the C-suite agenda – only then will the potential gains of having one single source of payroll record be fully understood and appreciated by those who have the greatest ability to change business strategy and achieve better long-term outcomes.”

Check here for the infographic regarding the survey results.

Contact

SD Worx, Cindy Berichon, International Marketing Manager, cindy.berichon@sdworx.com, +44 7767 004356

New research released today by global payroll and HR solutions provider, SD Worx, shows that almost two-thirds (65%) of global organisations are using multiple payroll systems across different geographic markets, leading to inconsistency, inaccuracy, and lack of global visibility. More surprising still, is the finding that more than 5% of respondents admit to having no automated payroll system in place whatsoever, and rely solely on manual processes. - Nearly two-thirds use multiple payroll systems around the world - More than 5% stil..

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09-Nov-2016

SD Worx at HR Tech World 2016 in Paris

We were delighted to exhibit at HR Tech World 2016 in Paris.
Check out our short video here to get a flavour of this successful event.

We were delighted to exhibit at HR Tech World 2016 in Paris. Check out our short video here to get a flavour of this successful event. ..

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References

Many leading companies rely on the services of one or all of our partners in the Payroll Services Alliance.

Roche Frutarom Atlas Copco Océ GFK Bricomart

More references »

Benefits

  • Win simplicity and save time and money.
  • Think global, act local: rely on the unique combination of international consolidation
    (1 contract, harmonised service levels, …) with local country expertise.
  • Adapt your service package ongoing, according to your business needs.

More benefits »

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Would you like to find out more about what
the Payroll Services Alliance can offer to your company?

Partners

SD Worx Aditro Aditro Ceridian

Elanor F2A Seresco Trianon