FIDELMA McGUIRK
Payslip, based in Westport and led by founder and CEO Fidelma McGuirk, harmonises global payroll operations for multinational companies. The company has sourced €12m in funding and is planning to double its headcount to 150 people in 2022.
Resilience and adaptability are important parts of running a business. The pandemic affected people both personally and professionally, and the reset was global in terms of impact. There were challenges, as companies immediately stopped investing money at the start of the Covid outbreak, but it also changed the nature of work and how employers hire, and this created a real opportunity for us. So the motivation actually increased, as our technology platform became even more relevant and necessary in the market.
The new reality has led companies across all verticals to seek out global payroll automation technology. The ‘new hybrid normal’ is already accepted and smart-tooling is required to enable teams to work in a unified way. In the second half of 2021, we saw this translate into increased focus on the automation of mission-critical processes like payroll, which has increased inbound interest in Payslip.
Remote working opportunities means that global employers are matching skill-set requirements to open positions while viewing location as less relevant. If people can do the job, they get hired. The talent war and remote working has opened hiring policies to an extended workforce, and multinationals want a unified, global and standardised way of managing all the parallel payroll processes around the world, and that’s what they do on our Payslip platform.
The companies that we are selling to have global payroll operations and people in shared services roles who are spread internationally. Our solution is completely cloud based, so it can be delivered from anywhere and can cater for teams who are spread out.
We are very optimistic for 2022. Progressive companies are exploiting new opportunities by digitising their business-critical departments to achieve growth efficiency. It is an opportunity for them to create a scalable advantage, so they are looking to invest in technology platforms that can help position them for future growth.