ZenPayroll Launches Cloud-Based Payroll Service With $6.1M In Seed Funding

http://techcrunch.com/2012/12/11/zenpayroll-launches-cloud-based-payroll-service-with-6-1m-in-seed-funding-from-the-ceos-at-yammer-box-yelp-and-dropbox/

by jordanlee • 14 years ago

22 9 14 years ago

techcrunch.com

bound0082• 14 years ago

I have been watching this startup closely since this industry does need to be disrupted. But maybe their pricing should be a little more disruptive. This would cost us exactly the same as ADP (our current and terrible provider).

bound0082• 14 years ago

Oh and congrats on the round. $6MM and not having a board is a dangerous combination... In a good way.

edawerd3• 14 years ago

Thanks! If you don't mind sharing, what are you paying for payroll through ADP? ZenPayroll is just $25/month + $5/employee/month, and only $1/employee/month for each employee after your first 10. Everything is included in this price.

From talking with our current customers who've used ADB, we understand that ADP can get pretty expensive, especially when you add all the miscellaneous costs they tack on.

yabbadabbadoo• 14 years ago

If ZenPayroll isn't more expensive than ADP and isn't as terrible as ADP, why not move?

rabidonrails• 14 years ago

I setup payroll awhile ago and it took me a long time to find a provider. I remember looking at Intuit, ADP (for a second), and SurePayroll; I think I'm also on the ZenPayroll invite list.

After going through some of the threads on HN I decided to use BOA -- which is essentially Intuit -- and although it was a pain to setup, it does seem to be working. (Total cost: $30/month)

However, the Wave Accounting team reached out to me recently to let me know that they'll begin a full service payroll SAAS in January with pricing at $5/person. You can bet I'll be trying it out.

Sadly we're too small for ZenPayroll's pricing to make sense at this time.

hippich• 14 years ago

I am not a business with employees owner yet, but for me their pricing does not look bad assuming it saves quite a lot of time. Spending ~$5 per employee a month will be something like 0.1% or even less of their salary. Even if you have 2 employees, it is still $35/month which might be something like may be 0.3% of their salary?

Am I missing something?

james33• 14 years ago

Excited to see something like this. I've been going through the pain of setting up payroll for the first time and couldn't believe there wasn't a company providing quality services for such a necessary service sector.

ZenPayroll Launches Cloud-Based Payroll Service With $6.1M In Seed Funding

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