Global market research firm Gartner recently reported that Patersons, a vendor of SaaS-based payroll and human resource solutions, is among its "Cool Vendors" for providing international companies with easy methods of paying employees. An organization based in one nation can pay their employees in multiple different currencies without having to process the paychecks with different solutions using Patersons.

Gartner initially praised Patersons in 2008, but the company has continued to refine its solutions by adding new capabilities and boosting performance. In the last two years, it has increased its revenue by 140 percent by expanding its operations to six locations throughout the world and offering six different languages. It currently has clients and partners in 160 countries throughout the world.

"We believe Patersons' appearance in Gartner's 'Cool Vendor' report underscores what we're seeing in the market: the growing need for a one platform, one vendor approach to global payroll that can effectively address the complex needs of each region," Andrew Pearson, CEO of Patersons, said.

The innovation of vendors like Patersons is part of the reason that Gartner reported SaaS applications will continue their growth throughout 2010. Ninety-five percent of companies that use SaaS plan to continue or expand their investment this year.ADNFCR-2553-ID-19806009-ADNFCR