Pinup: ZenPayroll Brings Powerful Payroll Services To The Cloud
While payroll may be one of the most important aspects of any business, considering the fact that it is difficult to get employees to do work without compensating them, it has seen little improvement under the current administration of leaders. These include such financial-software giants like Intuit, Paychex and ADP, all of whom have dominated the payroll service industry for decades.
However, it looks like tech-startup, ZenPayroll, is set to change all that.
ZenPayroll was launched in 2012 by Stanford serial entrepreneurs, Tomer London, Joshua Reeves and Edward Kim. ZenPayroll has received multiple rounds of funding, which total to an excess of $26 million. ZenPayroll investors include Kleiner Perkins Caufield & Byers, General Catalyst Ventures and the CEOs of Yelp, Box, Dropbox and Yammer.
With over 30 years of experience, the team behind ZenPayroll is well equipped to achieve their goal: bringing exceptional payroll services to a cloud environment.
As co-founder, Josh Reeves puts it: “A lot of our focus is on how you perceive compensation. A lot of companies make it into a very impersonal event. Work should be rewarded and rewarding. When we set out to make ZenPayroll, it wasn’t about creating just a better, cheaper and faster product [than ADP or Paychex]. It was more about rethinking compensation.”
ZenPayroll’s list of services is long and varied, and encompasses virtually every aspect of the payroll process. These include:
One of the most tedious aspects of any accounting department is having to handle all of the different parts that go into paying your employees, as well as keeping good records. ZenPayroll automates quite a bit of this process, including tax filings and the conversion of government documents into an electronic format, to name a few.
ZenPayroll can be accessed from virtually any authorized device, including smartphones, tablets, laptops and desktops. Security is present on the same level as most banking institutions, which includes a full 256-bit SSL encryption. Access can be had at any time of the day or night, preventing employees who work odd hours from being denied admittance to key services.
Direct deposit is easy to set up through ZenPayroll, and can be changed and reconfigured at no extra charge. This includes not only standard employees, but also independent contractors, providing a well-rounded solution for any company’s employee portfolio. In addition, if the reimbursement of expenses is a normal part of your payroll activities, they can easily be integrated to disperse with direct deposit.
Bank statements, cost reports and payroll journals are just a few of the types of activities that you can generate reports for with ZenPayroll. This allows you to understand your payroll activities to a much higher degree, potentially allowing you to cut some costs and save money.
Payroll services do not have to be the tedious, frustrating activities of days gone by. Incorporating ZenPayroll into your company’s cloud services can go a long way towards reducing your accounting department’s workload.
By Joe Pellicone