By @SimonCocking

Describe the company – the elevator pitch

Payslip is a unique cloud based Global Payroll Management software solution, which empowers payroll professionals to streamline the international payroll process and manage international data, resources, and vendors efficiently from one user-friendly platform effectively replacing current individual complex systems.

Payslip’s digital technology delivers a new level of visibility to the payroll process, reduces risk and cost and improve efficiencies while enhancing data protection. The transparent user-friendly dashboard allows complete visibility over the entire payroll process. View active payrolls, payroll costings, employees by country, action, and alerts.

How are you different?

Payslip is the first Global Payroll Management SaaS. No other software exists in the market that allows organizations manage the entire global payroll process end to end from one location while maintaining a high level of usability. Tools such as reporting, in-system authorisation, vendor and workflow manager, calendar and alert modules all facilitate a seamless payroll processes. Unique digital technology enables HR, Finance and Payroll departments interface with the International Payroll vendors

Paylip’s GDPR manager is unique in the industry, GDPR manager enables the employer catalogue their employees’ personal data, to facilitate compliance with the General Data Protection Regulation (GDPR), which comes into force on May 25th, 2018.

Why will the company/product do well?

The Global Payroll Industry is set to be worth €1bn by 2020 and Payslip plans on stealing a sizeable chunk of that market.  Payslip hugely simplifies the process creating greater efficiencies within the payroll department reducing administration costs by 32%. 

Where are you based?

Payslip’s head office is based in Mayo with an international team spread across Europe and the US.

When was the company launched?

The company launched May 2016

What have been your biggest wins to date?

Payslip’s key wins include securing multi national clients such as Aspirico and securing Enterprise Ireland investment.

What type of people (market segment) are you trying to attract to your product?

Payslip will initially target the 67% of the top 1000 companies in Ireland that have a global payroll as a result of operating in 2 or more countries. Existing global payroll vendors can interface with the software or we can provide access to our network of vendors for those companies who have not yet secured overseas partners.

What tips would you give to others looking to build their business?

Identify a solution for a problem you experienced yourself in business or as a consumer.

Make sure it’s a problem that has scale in the market (that you aren’t the only one with this problem).

Make sure it’s an area that you are passionate about.

Tell us about your team?

The Payslip team combines 40 years experiences in global payroll, software development, IT, HR and Marketing with experience scaling international business, founding successful software solutions and leading multi- national workforces.

What are your long term plans for your product/company?

World domination of the global payroll industry!

What are your favorite tech gadgets?

My Garmin watch.

What tech gadgets do you wish you could use to help you?

HaloLens, its capability is amazing, I just haven’t worked out how to use it yet for global payroll.

How do people get in touch with you?

For a free trial of our software or to set up a demo visit our website alternatively email us on [email protected] or call us on 01 443 4820

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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