Outsourced payroll management across multiple countries is the niche occupied by Payslip in Westport, explains founder Fidelma McGuirk 

How would you describe Payslip in a nutshell? 

Payslip is a revolutionary software platform that automates the global payroll management process for multinational companies. If you have payroll in multiple countries, managing the international process gets very messy and presents risk to the business. Payslip automates the management of the international payroll processes, data flow, payroll provider delivery and delivers centralised global reporting on all aspects of payroll and employee information.

How many staff do you employ and have you found it to be a struggle to find suitably skilled staff? 

Since our launch in September 2017 we have steadily grown our team to 14 now. Our team is split across Software Engineers, Product Management, Client operations, Sales and Marketing. In 2019 we will be expanding team further to add a CTO and roles in global payroll and technology. 

Being based in Westport, Co. Mayo, brings advantages in finding suitable staff. Westport is a great place to live and we offer experienced workers in Dublin and London the opportunity to work in their domain expertise with our blue chip clients from Westport and enjoy the work/life balance that exists there. No M50 or Dart stations, just the Greenway.

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How has the company been funded?

Total funding raised to date has been €1m. This investment has fuelled growth in the Payslip team and initiated further development in the software itself, with product development to deliver for our enterprise clients including integrations to accounting and HR software such as Workday and SAP.

We have taken in investment from parties who have a wealth of knowledge in the global technology space and can contribute insight and vision to Payslip in our delivery to our multinational clients, specifically the AIB Discovery Fund through Frontline Ventures, Tribal VC, Enterprise Ireland and HBAN Bloom Equity and WNW Syndicates.

How can Payslip help with PAYE modernisation? 

PAYE modernisation is the most significant changes to the PAYE tax system in Ireland since its introduction in the 1960s. The aim of the change is to improve the streamlining of company’s current business processes and to reduce the administrative burden experienced by employers in a bid to meet their PAYE reporting obligations.

Payslip enables our clients to control all their data, processes, workflows, compliance filings and in-country providers on one platform while generating consolidated reporting which can be fed into a company’s ERP or HCM. 

It is important our clients are aware of significant changes within the jurisdictions they have employees. We can provide guidance and assistance to our clients in the form of introductions to payroll partners in the countries they are expanding into and managing all the data and deadlines through our platform.

We have published some simple tips on our website, and we would encourage all businesses, multinational and SME alike, to take specific advice from their payroll providers. 

What’s in the pipeline for Payslip in the next 12 months? 

Being end of the year, we are now working closely with our new clients for implementation across over 30 payroll countries from 1 January and for Spring timelines.  We also have some strong integration work for our clients with their HR softwares such as Workday and Success Factors. 

Outside of that we look forward to growing our footprint with our current clients and acquiring more.