SD Worx, a global provider of payroll and human resources services, is partnering with World First, a fund transfer and payment service provider, to simplify the payroll exchange rate system to help active payroll and HR customers across the world. The group announced the partnership today saying the goal is to provide a single-currency transfer solution to SD Worx's international HR and payroll customers.

Within large organisations operating in several countries, payment procedures may require cumbersome and costly formalities, particularly in managing foreign exchange processes in order to make payments in a wide range of currencies. This partnership provides SD Worx with an efficient and fully compliant payment service with the ability to execute international payments at competitive exchange rates. SD Worx says this will allow customers to easily charge payments, authorise transactions in multiple foreign currencies, and process all related reconciliation and reporting transactions. These services will be available on a single platform for better control over the payment process, while customers can save time and save costs compared to traditional banking methods.

World First's ability to transfer payments to more than 150 countries in 127 currencies also promotes the global reach of SD Worx, while also offering customers visibility and user-friendliness in managing their international payroll.

Thierry Vanbever, Global Services and Solutions Director, SD Worx, said "Our partnership with World First will help business leaders and buyers of global payroll services reduce the complexity of international payment processes with perfect control and Visibility. We now provide our customers with a coherent and coordinated solution that enables fast-growing companies to expand internationally while ensuring that their global payroll and HR needs are in good hands”. 

Seth Harvey, Global Head of Partnership at World First, said "We are proud of this partnership with such an innovative company as SD Worx, which will enable us to support the growth and transformation of companies worldwide. In an increasingly connected and globalized world, it is important for large employers to be able to manage their payroll and to transfer capital quickly and efficiently in any currency”.