This week on T3 I take a look at the ‘modern day alternative to ADP’, Paysavvy. Paysavvy is a Canadian company that is a fully integrated payroll, HR, and time management for mid-sized companies. I usually wouldn’t right about a payroll company on T3 but Paysavvy is a little different.
Only five years old, they really came at payroll from a different direction than those who were already entrenched in the industry. Currently, they only provide services for Canadian payrolls and since I’ve got a gigantic audience in Canada for reasons I don’t understand, I thought what the hell! They will support companies outside of Canada who have operations and a need to run payrolls in Canada.
I also love the fact they just come right out and call out the industry giant ADP. Who does that?! Someone who is very confident that what they are offering is good, really good.
5 Things I really like about Paysavvy:
1. One of the few companies vetted by the Canadian Revenue Agency (CRA), so you know they are reputable and can be trusted with the one thing HR departments get more bad publicity with than anything else, payroll administration.
2. Build for the SMB organization. Integrated with Quickbooks, Sage, Microsoft Dynamics, Netsuite, etc. But, also build for modern day organizations whose employees want to do automated charitable giving (through sites like Chimp) and retirement & investing (through Wealthbar). Enterprise level functionality and tools, but not enterprise pricing.
3. Customer service support is personal and provided in ways fast moving SMB clients need. Direct access to personal support with the same person each time, dedicated customer support reps. Live chat feature for the times you don’t have time to jump on the phone. All customer support folks housed onsite at the corporate office, close to those developing and selling the product.
4. Built specifically for Canadian payrolls. Includes all Canadian holidays automated, year-end closing documents you can email directly to employees, ability to go seven years back on all payroll data within the system.
5. The system is super easy to customize and they actually have the step-by-step instructions on the dashboard you can pull up when you want to make a change, instead of having to wait for someone else to do it. Fully integrated online or clock entry system with manager approval processes.
I know. I know. It’s a Canadian Payroll system. Yep, but it’s a pretty damn good Canadian Payroll System.
Eventually, Paysavvy is looking to quickly build out full HCM capabilities in the attempt to be a fully integrated end-to-end HR suite, all on the same platform, but still built for their core SMB audience. I’ll update you when this comes on line. In the meantime, if you’re in need of a Canadian based payroll system, check them out!
T3 – Talent Tech Tuesday – is a weekly series here at The Project to educate and inform everyone who stops by on a daily/weekly basis on some great recruiting and sourcing technologies that are on the market. None of the companies who I highlight are paying me for this promotion. There are so many really cool things going on in the space and I wanted to educate myself and share what I find. If you want to be on T3 – send me a note.
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Any payroll solutions you recommend for small business in US?
If you haven’t looked at ADP in a while, they’ve made some great strides on the SMB side. Also, Paychex is one to look at.