SAN FRANCISCO (December 11, 2012) — ZenPayroll, Inc., today announced the launch of its modern cloud-based payroll service, enabling employers to quickly and easily pay their employees using a connected device. In addition, ZenPayroll saves employers time by automating all payroll tax calculations and payments, providing direct deposit, and filing all payroll-related government documents paperlessly. The software takes just minutes to set up, requires no training to use and payroll can be completed with just a few clicks.
Processing payroll is necessary in order for every company to operate and can be a major pain point due to endless paperwork and constantly changing regulations. In 2011, U.S. companies received approximately $5.3 billion in payroll tax penalties, according to the IRS Data Book. Traditional legacy software systems are often overly complex, expensive and only add to the frustration of users. The increasing adoption of cloud, mobile, e-file, e-sign and e-fax technologies is enabling ZenPayroll to offer an easy-to-use, affordable solution.
“ZenPayroll was founded with the belief that the underlying building blocks of payroll are inherently delightful: for the employee, it's about receiving compensation for their hard work and for the employer, it's about recognizing those incredibly important contributions. Current payroll providers have squandered that potential by creating products that are difficult to use. Given this, it's not surprising that most employers and employees have no passion or brand affinity for existing solutions,” said Joshua Reeves, CEO and co-founder, ZenPayroll. “By fundamentally re-thinking how payroll works with a focus on user experience, we are able to deliver delightful payroll that is easy-to-use, secure and saves businesses time and money.
ZenPayroll raised $6.1 million in its first round of funding and is backed by some of the most influential and successful founders and organizations, including:
Gusto is on a mission to bring life to work by reimagining payroll, benefits, and HR. Gusto serves over 40,000 companies nationwide and makes the most complicated, impersonal business tasks simple and delightful. Gusto has offices in San Francisco and Denver and its investors include Google Capital, General Catalyst, Kleiner Perkins Caufield & Byers, and the founders of Instagram, Stripe, Nest, PayPal, Yelp, Dropbox, and Eventbrite, among others.