@shradr How does this differ from the plethora of other payroll solutions out there? As a former service provider VP of Sales, I know how hard it can be for startups/ providers to use these kinds of new(ish) tools.
Will you be integrating with accounting softwares and other tools for back-office management? Zenefits, Xero, Bill.com, Expensify, etc.
Besides pricing, why would a startup/ provider use Wagepoint vs. another solution?
Last question, how are you getting customer acquisition? Selling to providers and SMBs or?
Thanks! :D
@TheNickFrost Great questions. And these are the things we spent time considering before we wrote a single line of code. It does appear crowded on the surface but here are some stats that excite us:
- $9.1M small businesses with less than 100 employees in both US & Canada
- Only 25% of them outsource payroll, the rest do it manually
- 700,000 new small businesses are created each year
So clearly, the math works pretty great from a pure opportunity perspective.
Now, from a customers perspective, the experience of running payroll with us is completely different from most incumbents (save some new startups in the space). Most of the service providers out there have some pretty dated software and processes. It isn't just in the UX/ UI but it also curbs their ability to scale customer support before having to resort to a call-centre style of servicing. We have automated so much of the back-end processes (the part where we have to move millions of dollars to numerous accounts) that we can invest in things like customer support and adding cool features like allowing employees to get paid in bitcoin (Avail in Canada, soon in the US) and yes, we actually have quite a few people who use that feature :)
Perhaps the best indication that the space is in need of some next-gen products is that we have won over 500 customers in less than 18 months and we literally just launched in the US. We already integrate with Xero and many more are on the way, incl. some of the ones you mentioned.
We are just getting started... :)
@mzuvella Hi Matt, yes it is 4 days in advance of the paydate. The issue is not really from our side but it takes the banks a certain number of days to withdraw/ deposit funds from accounts. These are really old-skool systems that we have to work around, unfortunately. One way that people solve this issue is by moving up the cut-off day by when they get hours from their staff. Hope this helps!
We are already in US & Canada. And yes, we have plans to go further though not sure which country will be next. We have been exploring the UK, India and even Brazil :) - where are you at?
On first glance, the design reminded me an awful lot of an earlier version of https://basecamp.com/. What was the inspiration behind the landing page design? It's rather nice :)
@imkevinxu Good observation - we have always liked the old 37 signals/ basecamp design for it's simplicity. The world doesn't need another site with photo's of hipster-ish coffee-shops - until of course, we decide to do it ;-)
Our esteemed Creative Dir. wrote a blog post on why we redesigned - http://trzown.me/blog/redesignin....
@mjb_sf Yay! If you mean sales tax, then yes. Sadly, our lobbying efforts to end all sales taxes have not paid off, just yet :)
I would encourage you to signup and check out the app to see if it might be what you are looking for. - thanks for the upvote!
It took me 5 times of reading to figure out the price was "Per Pay", not "Per Day" which I knew couldn't be right. Having used a couple of ADP user interfaces in the past which were archaic even when I last used it a couple years ago this has to be an improvement. I look forward to needing a couple employees to try it out.
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