Story image

Mobile payroll service makes life easier for small agritech businesses

27 Apr 17

Revenue Minister Judith Collins announced this month that the Government will legislate changes to employee tax reporting, requiring employers to provide a monthly schedule - including payday reporting of employee information.

The change is expected to increase the compliance burden for many smaller Kiwi family farms and agritech businesses struggling with taxes and health and safety compliance.

The complexity of managing payrolls in farming and agritech, where people work long, irregular or seasonal hours, often results in payroll compliance issues.

Farmers, who are small business owners and often underresourced, find keeping track of the problem a costly and demoralising challenge.

Solving that problem has catapulted New Zealand fintech startup Simply Payroll from startup to major market player in under three years, thanks in large part to the company's focus on the primary and agritech sectors.

The company recently signed a strategic partnership with Federated Farmers providing free setup, training, and support for the mobile service.

Simply Payroll has come up with firsts like an automatic calculator that alerts farmers if an employee is being underpaid.

“Running a small business is not easy, and automating payroll to run smoothly and intelligently gives valuable time back to owners,” Simply Payroll co-founder Asantha Wijeyeratne says.

Federated Farmers says they formed the partnership with Simply Payroll because "it’s the only New Zealand payroll system that tracks hours for salaried staff, and automatically compares against the minimum wage level."

"If a top-up is required, it’s calculated automatically and you’ll be prompted to apply it."

Another feature, which Wijeyeratne calls payroll by exception, means employers only have to act if anything changes, like if a staff member is promoted.

Reports are automatic and repetitive tasks are eliminated.

ASB recently selected Simply Payroll as a key service provider of an application programming interface (API) over other more entrenched industry players.

The company has also integrated its systems with those of Xero, and will be doing the same with MYOB and other major accounting platforms and working on integrating closely with other HR industry players in areas such as rostering and timesheets. 

Soul Machines' virtual humans go mainstream
An Auckland AI firm renowned for its work creating ‘digital humans’ is now unleashing its creativity to the wider market.
Hands-on review: The Logitech R500 laser presentation remote
With a clever ergonomic design, you’ll never have to glance at the device, unless you deliberately look to use the built-in laser pointer to emphasise your presentation.
GCSB welcomes Inspector-General's report on intelligence warrants
Intelligence warrants can include surveillance, private communications interception, searches of physical places and things, and the seizure of communications, information and things.
Lightning Lab accelerator delves into tourism
“It’s great to see the tourism sector taking a proactive and collaborative approach to innovation."
Apax Partners wins bidding war for Trade Me buyout
“We’re confident Trade Me would have a successful standalone future," says Trade Me chairman David Kirk
Verifi takes spot in Deloitte Asia Pacific Fast 500
"An increasing amount of companies captured by New Zealand’s Anti-Money laundering legislation are realising that an electronic identity verification solution can streamline their customer onboarding."
Homegrown stress relief app to be launched next year
Researchers at the University of Auckland and an Auckland-based creative agency are working together to create a ‘world first’ app that they believe will help with stress relief.
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.