Zenpayroll changes payroll management based on cloud

Just after Salesforce changed the CRM (Customer Relationship Management), Workday changed the HCM (Human resource management), and now a start-up company is eager to change the old, lagging staff salary management, this company is Zenpayroll, from the Y Combinator provides payroll management services based on cloud technology. For this project, this month,zenpayroll the CEO investment of four companies, including Yammer, Box, Yelp and Dropbox, which is the biggest seed investment YC has ever received.

Zenpayroll aims to target SMEs, and their payroll management solutions are simpler, as follows:

Users can complete registration and start using the background dashboard in just 10 minutes. On the contrary, market giants, including ADP, have high barriers to use and require training. After registration, the user can automatically set the Payroll management schedule. Zenpayroll will quickly calculate salaries, add allowances and bonuses, and automatically calculate, pay for the individual income tax of the user's state and federal government, and submit an electronic declaration form. Finally, Zenpayroll can also generate itemized expense and transaction reports.

The Zenpayroll solution is in SaaS mode, priced at $25 a month, or $4 per employee per month. When the number of employees in a company exceeds 10, the price becomes 1 dollars per employee per month.

Currently, there are two big companies in the payroll-management market, ADP and Paychex, which are worth more than $38 billion trillion alone. However, the two companies ' payroll management systems are relatively complex and geared towards large corporate customers. Conversely, the small and medium-sized enterprises are still using the old ways of 50 years ago to manage wages-paper and spreadsheets-and half of them use artificial methods to calculate wages. In addition, Zenpayroll also saw a phenomenon, that with the popularity of smartphones and tablets, more and more small and medium-sized enterprises choose to move office, abandoned the fixed office. Zenpayroll solutions based on the cloud allow these SMEs to manage payroll data anytime, anywhere, and through various devices.

It can be said that zenpayroll from a large market to dig a big gap, the potential of unlimited, its founder was named Forbes 2012 U.S. technology field "Under 30". However, at the same time, the SME market is too fragmented, so the cost of education is zenpayroll in the promotion of products inevitable.

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