Dayforce rebrands its payroll solution to Powerpay, enhancing tools for Canadian SMBs to simplify compliance and improve efficiency.
Quiver AI Summary
Dayforce, Inc. has announced the rebranding of its payroll and HR solution for Canadian small and mid-sized businesses (SMBs) as Powerpay by Dayforce. This change reflects the company's dedication to addressing the unique challenges faced by over 46,000 customers in Canada, particularly the complexities of compliance due to numerous annual legislative changes. With a focus on simplifying processes, Powerpay aims to provide reliable tools that enhance payroll accuracy and compliance, ultimately allowing business owners to concentrate on growth. The rebranded solution features a more intuitive user experience, improved time tracking, and onboarding enhancements. Behrad Bayanpour has been appointed General Manager of Powerpay, reinforcing the company’s commitment to supporting SMBs in navigating an evolving business environment. For more information, visit powerpay.ca.
Potential Positives
- Rebranding of the payroll and HR solution as Powerpay by Dayforce demonstrates a strategic focus on Canadian small and mid-sized businesses (SMBs), emphasizing commitment to meeting their unique needs.
- The platform enhancements, including user-friendly features and improved onboarding processes, aim to simplify compliance and increase operational efficiency for SMBs, highlighting Dayforce's support for business growth.
- The appointment of Behrad Bayanpour as General Manager of Powerpay positions experienced leadership to drive innovation and reliability in their offerings, which may strengthen customer trust and satisfaction.
Potential Negatives
- Rebranding may signal confusion among existing customers regarding their current services and the transition to Powerpay, potentially impacting customer retention.
- The mention of ongoing legislative changes and compliance complexities could indicate that the company is reacting to external pressures rather than offering proactive solutions, possibly suggesting vulnerabilities in their previous offerings.
- The need for extensive improvements to user-friendliness and efficiency in their payroll solution could reflect previous shortcomings in their product design and customer satisfaction.
FAQ
What is Powerpay by Dayforce?
Powerpay by Dayforce is a rebranded payroll and HR solution designed for Canadian small and mid-sized businesses, simplifying compliance and enhancing user experience.
How will Powerpay benefit Canadian SMBs?
Powerpay helps Canadian SMBs manage payroll accurately and compliantly, allowing business owners to focus on growth amidst complex regulations.
Who is leading Powerpay after the rebrand?
Behrad Bayanpour has been appointed General Manager of Powerpay, bringing expertise in strategy, sales, and product development.
What features does Powerpay offer?
Powerpay offers enhanced time tracking, compensation features, a New Hire Wizard, and bulk self-service enrollment to streamline payroll management.
Where can I learn more about Powerpay?
You can learn more about Powerpay by visiting their dedicated site at powerpay.ca.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DAY Congressional Stock Trading
Members of Congress have traded $DAY stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $DAY stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 4 times. They made 0 purchases and 4 sales worth up to $95,000 on 05/27, 05/07, 04/28, 03/18.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 05/13.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$DAY Insider Trading Activity
$DAY insiders have traded $DAY stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $DAY stock by insiders over the last 6 months:
- SAMER ALKHARRAT (EVP, Chief Revenue Officer) has made 0 purchases and 4 sales selling 10,069 shares for an estimated $585,103.
- STEPHEN H. HOLDRIDGE (President, COO) has made 0 purchases and 4 sales selling 6,000 shares for an estimated $368,830.
- WILLIAM EVERETT MCDONALD (EVP, CLO, & Secretary) has made 0 purchases and 2 sales selling 3,999 shares for an estimated $223,364.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DAY Hedge Fund Activity
We have seen 207 institutional investors add shares of $DAY stock to their portfolio, and 182 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 8,646,591 shares (-47.6%) from their portfolio in Q1 2025, for an estimated $504,355,653
- SELECT EQUITY GROUP, L.P. removed 5,967,174 shares (-52.3%) from their portfolio in Q1 2025, for an estimated $348,065,259
- EDGEPOINT INVESTMENT GROUP INC. added 4,918,825 shares (+55.0%) to their portfolio in Q1 2025, for an estimated $286,915,062
- CAPITAL INTERNATIONAL INVESTORS added 3,304,787 shares (+18.7%) to their portfolio in Q1 2025, for an estimated $192,768,225
- UBS GROUP AG removed 2,365,476 shares (-74.1%) from their portfolio in Q1 2025, for an estimated $137,978,215
- FMR LLC removed 2,337,708 shares (-72.7%) from their portfolio in Q1 2025, for an estimated $136,358,507
- WELLINGTON MANAGEMENT GROUP LLP removed 2,300,377 shares (-45.0%) from their portfolio in Q1 2025, for an estimated $134,180,990
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DAY Analyst Ratings
Wall Street analysts have issued reports on $DAY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Underweight" rating on 06/13/2025
- BMO Capital issued a "Outperform" rating on 06/10/2025
- Cowen & Co. issued a "Buy" rating on 03/07/2025
To track analyst ratings and price targets for $DAY, check out Quiver Quantitative's $DAY forecast page.
Full Release
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Dayforce , Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced the rebranding of its payroll and HR solution for Canadian small and mid-sized businesses (SMBs) as Powerpay by Dayforce, signaling a renewed strategic focus and ongoing commitment to meeting the unique and evolving needs of its more than 46,000 customers across Canada.
SMBs drive Canada’s economy, contributing billions to its GDP each year and representing nearly the entire business landscape . But running one has never been more complex. With hundreds of legislative changes introduced annually, business owners face a fast-changing landscape of compliance and employment regulations. To stay focused on growth, they need simple, reliable tools that help pay their people accurately and compliantly.
“Powerpay represents our commitment to Canadian small and mid-sized businesses. We see your challenges, we support your ambitions, and we're building for your successes,” said David Ossip, Chair and CEO at Dayforce. “Powerpay is designed to simplify compliance, save time, and help business owners focus on what matters most – their companies. We're proud to help transform the way Canadian businesses operate, grow, and thrive.”
Timed with the rebrand, Powerpay also now delivers a more intuitive, user-friendly experience with enhanced time tracking and compensation features. Built with both employees and managers in mind, recent updates – including the New Hire Wizard and bulk self-service enrollment – help streamline onboarding and day-to-day tasks. These improvements boost efficiency, offer better visibility into workforce data, and support faster, more confident decision-making.
“Powerpay has transformed how we manage payroll,” said Krista Hanes, Director of Administration & Corporate Services at Apollo Property Management. “The platform is intuitive, scalable, and a great fit for a business like ours that runs multiple payrolls. It gives our HR and finance teams peace of mind, knowing payroll is always accurate and on time. We see Powerpay as a trusted partner and are excited about what’s ahead.”
Powerpay leadership team growth
As part of the company’s dedication to sustained growth and innovation, Behrad Bayanpour has been appointed General Manager of Powerpay. In his role as SVP of Strategy and Growth at Dayforce, he oversees Sales, Product, Engineering, and Services, and brings a focused vision to advance Powerpay’s mission of delivering reliable, secure, and compliant solutions to business owners across Canada.
“As we build on Powerpay’s momentum, our commitment to empowering Canada’s small and mid-sized businesses has never been stronger,” said Bayanpour. “We’re not just providing a platform — we’re forging partnerships that fuel growth, drive innovation, and help SMBs navigate an evolving landscape with confidence and optimism.”
Learn more at the new dedicated site: powerpay.ca .
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on enabling thousands of customers and millions of employees around the world do the work they're meant to do. With our single AI-powered people platform for HR, Pay, Time, Talent, and Analytics, organizations of all sizes and industries are benefiting from simplicity at scale with Dayforce to help unlock their full workforce potential, operate with confidence, and realize quantifiable value. To learn more, visit
dayforce.com
.
Media Contact
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