Cloud Payroll management Start-up company Zenpayroll

Zenpayroll is a start-up company based on Cloud payroll management Services. At the end of last month, the company ushered in an important milestone: the amount of money processed over $100 million trillion. Zenpayroll is the start-up project for the Y Combinator business incubator, which won the most lucrative seed financing in YC's history (USD 61 million).

Many well-known CEOs are very zenpayroll

In addition to some of the more famous VCs like Google Ventures, Data Collective, Sherpalo Outside of ventures and Salesforce.com, the company has also received injections of many prominent CEOs, including Box's co-founder and CEO Aaron Levie, Yammer co-founder and CEO David Sacks, Dropbox co-founder and CEO Drew Houston, YouTube co-founder Jawed Karim, Yelp co-founder and CEO Jeremy Stoppelman, Badgeville co-founder and CEO Kris Duggan, SugarCRM's CEO Larry Augustin and Zuora co-founder and CEO Tien Tzuo. (Information from BusinessInsider)

Prior to that, Zenpayroll only served California State users, but now the company has announced its expansion to Texas, Florida State and Washington, D.C., and will extend to New York and Illinois in the coming weeks, and this service will be pushed to the United States by the end of this year, The company also plans to enter Canada in 2014.

"We're seeing huge demand across the country, and a lot of small business owners are contacting us, which is very exciting and we're going to continue to expand," said Joshua Reeves, co-founder and CEO of Zenpayroll. Until the business is extended to all parts of the country. ”

There are complaints, there are business opportunities. ”

One of the most important reasons why Zenpayroll can grow at a rapid pace is that the traditional salary management model makes companies feel extremely miserable. Ma Yun once said: "There are complaints, there are business opportunities." "This is especially true in the US, where tax rates vary between States and regions, and payroll calculations and processing have become a full-time job," he said. Small companies can also rely on specialized accountants for management, but large companies rely largely on traditional service providers like ADP, Intuit and Paychex, but the costs of these companies ' services are "daunting".

Zenpayroll Company's purpose is to make the user payment experience become enjoyable, the company's early customers include Y Combinator, Clever, Sendhub and Swifttype and other well-known enterprises, and to a large extent achieved this goal.

With the popularity of smartphones and tablets, a growing number of small and medium-sized businesses have opted for mobile office, Zenpayroll solutions based on clouds that allow these SMEs to manage payroll data anytime, anywhere, and through a variety of mobile devices. Zenpayroll also allows managers to quickly enter a variety of keywords to query, including employee work hours, overtime, bonuses, reimbursement, deduction and benefits, and so on, the platform will automatically calculate the pay tax, and then pay the wages to employees, the realization of direct savings and paperless office. At the same time, employees can manage their income on the platform through personal accounts. Even if job-hopping, employees can change payroll management settings, Access payroll records and related documents.

Zenpayroll's service is $25 a month, and then it costs $4 a month for each employee, and if a company has more than 10 employees, the cost becomes 2 dollars a month. (Information from TechCrunch)

It's a long way to the future.

Although cloud based services let Zenpayroll have a good "outside packaging", but compared with its competitors, Zenpayroll also some "immature", after all, ADP, Paychex and Intuit nearly occupy 50 billion of dollars in market share, Customers are also much bigger than Zenpayroll. There is a long way to go for the start-up, and now is just the beginning.