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Press Release

SD Worx and World First partnership cuts complexity of payroll exchange rates to support global HR and payroll customers

Antwerp, Belgium, 23 May, 2017 – Today SD Worx, global payroll and HR service provider, announced it is partnering with World First, the international payments and money transfer business, to deliver a single currency transfer solution to SD Worx’s international payroll and HR customer base.

Managing the payments process in a large organisation across multiple geographies can be expensive and time consuming, especially managing the foreign exchange process to deliver payments in a wide range of currencies. The partnership provides SD Worx with an efficient, fully compliant payment service with the means to execute international payments at competitive exchange rates. As a result, SD Worx’s clients can seamlessly load up payments, authorise transactions in multiple foreign currencies and handle all of the associated reconciling and reporting. These services will be available on a single platform, offering enhanced control over the payment process and meaning clients could save time and cost over traditional banking methods.

World First’s ability to transact payments to over 150 countries in 127 currencies further supports SD Worx’s global reach, permitting clients to manage their international payroll with visibility and ease.

Thierry Vanbever, Director Global Services and Solutions, SD Worx, commented: “Our partnership with World First helps business leaders and buyers of global payroll to cut through the complexity and gain full control and visibility over all international payments processes. We now provide our customers a cohesive and coordinated solution that enables fast-growing businesses to expand internationally, secure in the knowledge that their global payroll and HR needs are in safe hands.”

Seth Harvey, Global Head of Partnerships at World First, says: “We are proud to be partnering with a forward-thinking company like SD Worx to support business growth and transformation around the globe. In today’s increasingly connected and globalised world, it is important for business leaders to be able to manage their payroll and move money seamlessly and efficiently in any currency.”

The partnership is also enabling the two companies to move much closer to what has previously been the elusive industry goal of offering a truly global/single payroll solution for multinationals.

Further underlining the success of the partnership, SD Worx and World First have been jointly shortlisted for the International Payments Supplier of the Year award at The Payroll Awards, with the winner set to be announced on 8 June 2017.

About World First
World First is a market-leading, award-winning, rapidly-growing international FinTech business. Expert in international currencies and money transfer, World First combines specialist knowledge of foreign exchange markets with technological innovation to help individuals and businesses manage cross border currency payments quickly, securely and transparently. A specialist alternative to traditional banks’ generalist approach, World First has successfully exchanged more than £50bn for over 120,000 individuals and businesses since 2004.

www.worldfirst.com
@World_First

Contact:
Renny Popoola, World First, renny.popoola@worldfirst.com, 020 7095 0647

About SD Worx
As a leading European payroll and HR services provider, SD Worx provides a wide range of solutions to customers worldwide including payroll and HR, legal support, training, automation, consulting and outsourcing. Today, more than 63,000 large and small organisations across the globe rely on the more than 70 years of expertise that SD Worx has acquired.

SD Worx’s 3,900 employees operate in ten countries made up of Belgium (HQ), Austria, France, Germany, Ireland, Luxembourg, Mauritius, the Netherlands, Switzerland and the United Kingdom. SD Worx calculates salaries for about 4.25 million employees and recorded in 2016 a turnover of €397 million. SD Worx is the co-founder of the Payroll Services Alliance, a global strategic network of leading payroll companies whose members jointly handle 32 million salary calculations.

For more information visit www.sdworx.com

Contact:
Leah Jones, The CommsCo, ljones@thecommsco.com, 0787 6117760
Cindy Berichon, SD Worx, cindy.berichon@sdworx.com, 07767 004356