Newsflash: Ceridian Offers Customers More Choice and Flexibility with Dayforce Managed Payroll Tiers

Newly tiered model for Dayforce Managed Payroll offers highest quality of payroll administration and services

TORONTO, and MINNEAPOLIS, July 24th, 2023 /PRNewswire-PRWeb/ -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced the newly tiered model for Dayforce Managed Payroll, Ceridian's outsourcing model for payroll administration. Through this new offering, Ceridian will partner with customers to help manage their day-to-day payroll, so that HR and payroll professionals can refocus on strategic levers, growth opportunities, and delivering the best people experience possible.

Each organization comes with a unique set of needs, especially when it comes to payroll administration, and a one-size-fits-all approach no longer works. In today's boundless workforce in which agility and scalability are key factors for success, the tiered model for Dayforce Managed Payroll empowers organizations with the right combination of innovative technology and world-class service to deliver truly quantifiable value.

Starting today, the Dayforce Managed Payroll tiers will replace the previous standardized service delivery model. The new tiers are designed to help remove guesswork and provide customers of different sizes, needs, and payroll complexities with the highest quality of service, respectful of different priorities and budgets:

• Standard: Access a deep bench of Ceridian's payroll professionals to augment existing HR and payroll teams and manage essential payroll processes.
• Select: Free up time and resources from day-to-day payroll with comprehensive services and optional add-ons, providing customers with choice and flexibility.
• Signature: Lean on an industry leader to outsource the payroll function and refocus on talent and growth strategies.

Ceridian is consistently recognized a Leader in Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises. Ceridian is also ranked in the Gartner Critical Capabilities report as #1 in North American Compliance Suite 1,000-2,500 and North American Compliance Suite 2,500+ Use Cases†.

Leveraging decades of payroll and tax filing experience, world-class account governance, and the award-winning Dayforce platform, Dayforce Managed Payroll tiers will provide the highest quality of payroll administration services.

"In today's boundless and highly unpredictable workforce, limiting the number of unknowns for our customers and their employees is critical," said Behrad Bayanpour, Head of Product Strategy & Growth, Ceridian. "We're seeing this trend fuel digital transformation and a focus on core competencies. Customers need a partner they can trust to manage key payroll processes globally and at scale, and the newly tiered Dayforce Managed Payroll offering will help our customers do just that."

Dayforce Managed Payroll is powered by Dayforce, a single cloud solution for HCM that combines HR, payroll, benefits, workforce management, and talent management. With its always-on payroll engine and flexible cloud-based infrastructure, Dayforce is designed to scale as customers do, without compromising data quality.

The new tiers for Dayforce Managed Payroll are now available across Australia, Canada, Ireland, Mauritius, Singapore, UK, U.S., and coming soon to Germany. For more information, visit: https://www.ceridian.com/products/dayforce/payroll/managed-payroll-services

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† Gartner, Critical Capabilities for Cloud HCM Suites for 1000+ Employee Enterprises, By Sam Grinter, Chris Pang, Jeff Freyermuth, Ron Hanscome, Helen Poitevin, Ranadip Chandra, John Kostoulas, Emi Chiba and Rania Stewart. Published 31 October 2022

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian HCM Holding Inc. is a global human capital management software company. Dayforce, its flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. The Dayforce platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.

Forward-Looking Statement

This asset contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This asset should be read in conjunction with the risks detailed in the "Cautionary Note Regarding Forward-Looking Information," "Forward-Looking Statement," "Risk Factors" and other sections of Ceridian's Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission.

Media Contact:

Hyeri Kim

[email protected]

347-572-9564

Pull Quote

"Customers need a partner they can trust to manage key payroll processes globally and at scale, and the newly tiered Dayforce Managed Payroll offering will help our customers do just that." - Behrad Bayanpour, Head of Product Strategy & Growth, Ceridian

Media Contact

Hyeri Kim, Ceridian, 1 347-572-9564, [email protected], Ceridian.com

SOURCE Ceridian