DALLAS and CHELTENHAM, United Kingdom, Feb. 10, 2020 /PRNewswire-PRWeb/ -- Integrated International Payroll (iiPay), a market leader in cloud-based global payroll and technology services, announced today its continued global expansion with the opening of their new office in Budapest, Hungary.
"The demand for innovative global payroll solutions is increasing rapidly as we continue to invest in our solution, people and technology," said Tim Jakob, CFO of iiPay. "Opening the Budapest operation provides the opportunity to attract key experienced talent with international payroll expertise to deliver a differentiated global payroll solution with unparalleled service to our global clients. Global corporations have chosen to partner with iiPay when anticipating an expansion of their workforce in key global locations because of our centralized solution paired with in-country expertise."
iiPay just completed a year of significant client and revenue growth of over 60 percent. Opening the Budapest office aligns with iiPay's global growth strategy. During the first half of 2020, the Budapest office will support the creation of 60 new jobs in Implementation and Operations delivering international vendor managed and in-house Payroll Services and expertise to our global client portfolio with a focus on the EMEA market. According to the plans the site will also host supporting functions in the field of Human Resources, Recruitment, Sales and Marketing or IT and Product Development.
The company anticipates further expansion over the coming months in other parts of Europe and the Asia Pacific region. This is strategically important as more companies choose iiPay's unique solution to centralize global payroll in organizations that struggle with multiple platforms in each country.
"We are excited to see iiPay join the distinguished roster of companies who have chosen Budapest, Hungary as their major operations center. Hungary offers a highly educated and skilled workforce combined with a business-friendly atmosphere to facilitate and promote business service activities and high value added services," said Deputy Minister of Foreign Affairs and Trade Mr. Levente Magyar.
iiPay's significant growth recently earned the distinguished honor of being selected as a winner of the 2019 Dallas 100TM Awards from the Caruth Institute for Entrepreneurship at the SMU Cox School of Business. This award is yet another sign of iiPay's continued investment in building technology and supporting clients with highly knowledgeable people.
iiPay is a service-driven global payroll provider, enabled through our innovative proprietary SaaS-based technology. iiPay's technology empowers data management and supports business intelligence in payroll. Focused on outcomes, iiPay reduces complexity, centralizes and simplifies multi-country payroll systems, solves global reporting and ensures compliance in every country where our clients' employees operate. iiPay's partnership approach means that we are an extension of our client's payroll team. We work side-by-side with our clients to provide an agile, flexible, and compliant solution that can be scaled to respond to the needs of global businesses. We currently provide fully managed global payroll services to 70 multi-country clients with the capacity to support more than 170 countries globally to ensure we can provide seamless scalability wherever our clients require.