YC-backed ZenPayroll, the startup that offers an easy to use, cloud-based payroll application, is debuting a new product today—ZenPayroll for Accountants.
ZenPayroll, which has a list of all-star investors, is disrupting a space that incumbents like ADP and Paychex have dominated for some time. The startup offers a much simpler, cloud-based way to automate all payroll tax calculations and payments, as well as provide direct deposit to employees. And the application allows for filing of all payroll-related government documents paperlessly.
With the initial product, ZenPayroll was aiming at small businesses and companies who use ADP. With the launch of ZenPayroll for Accountants, the startup is hoping to attract independent accountants, bookkeepers and CPAs who manage a number of small businesses.
The new dashboard allows accountants and bookkeepers to manage the payroll needs of multiple companies from a single screen. The product is free, and setup takes less than one minute, says founder Josh Reeves. Accountant can view pending tasks for each company and take action such as running payroll for their client, adding new employees, reviewing tax payments and filings, etc. Payroll reports take minutes, and accountants can collaborate with their client company by adding additional admin and employee accounts.
Since launching in December 2012, ZenPayroll is now processing several million dollars in payroll monthly.
As Box CEO and founder, and ZenPayroll investor Aaron Levie said last year at the time of the startup’s launch “ZenPayroll is positioned to do for payroll what Salesforce did for CRM and Workday did for HCM.”
Reeves explains that the opportunity with ZenPayroll for Accountants is huge as there are millions of small businesses in the U.S. who manage payroll through local bookkeepers or accountants. He adds that hundreds of accountants have contacted the company with requests for this product.