Innovation Awards 2017

EVALUATOR COMMENTS
Congratulations on a great product that is making a difference in the New Zealand market and, importantly, creating time and reducing
effort for small business owners. Your solution is simple and elegant. As you say, it's early days, but you're off to a great start.
Innovation in Financial, Professional
& Public Services
SIMPLY
PAYROLL
A
fter ‘recruiting qualified staff’, Kiwi SME
owners rate payroll as their biggest
employment-related headache. So Simply
Payroll, as the company’s name suggests, aims
to reduce that pain by simplifying the process.
While we’ve watched Xero, Vend, and
Paypr transform accounting, POS, and
business administration, payroll’s been left
out of the party. As the company says: "She’s
accounting’s poor cousin." So it's "given her a
makeover and taking her to the ball."
The Lower Hutt based company has
created the world’s first fully-mobile payroll
software for iOS and Android. The app
manages everything about the employeeemployer
experience. Paid leave, hours
worked/timesheets, pay slips, personal and
tax data, employment files, reprimands or
other disciplinary measures – it’s all there,
on whatever device you're using. And with
a wholesale per-payslip rate, rather than an
end-user licence agreement for each instance
of the software, it's more affordable than the
existing options, which require "15 years’
experience and an iron will to operate".
It also offers support. Of the many fines
that MBIE gives out each year to SME owners
relating to payroll errors, most are to those
with an existing payroll solution in place.
Bad data in = bad data out. Meaning the
calculations were accurate, but the product
was used incorrectly. So Simply Payroll runs
a free payroll audit for every new customer to
make sure they’re set up correctly.
Processing thousands of pay cheques also
allows it to deliver powerful business insights.
What if your payroll provider could tell a cafe,
by comparing hourly wage expenses versus
revenue figures sourced from POS software,
when to close the doors to minimise wage to
revenue ratio and maximise profit? How about
telling you, as an individual, how much the IRD
owes you on your tax return?
The user-focused, mobile-friendly and
closely-supported software allows customers
to get payroll done quickly and accurately and
focus on the stuff that matters.
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