Payzaar

Payzaar was founded in 2016 by a group of industry veterans who had helped to build successful businesses in the Enterprise Software and Payroll/HR Services markets at ADP, Oracle, Hewlett-Packard and OneClickHR. The team recognized on the one hand the rapidly increasing demand by multinational companies for integrated global payroll solutions to manage their local payroll operations more effectively. On the other, the team saw the fundamental flaws of the current solution model (i.e. the so-called aggregator model) for customers: complete lock-in, inflexibility and high costs, often based on archaic technology and held together by an expensive labor services layer. There had to be a better way! So the idea for Payzaar was born - a new, revolutionary approach to global payroll. The philosophy is simple: Allow customers to leverage what works (i.e. the existing local payroll expertise) and augment it with what is lacking (i.e. the integration and harmonization across the local payrolls). Rather than forcing customers to rip and replace their local payroll solution in order to benefit from an integrated global solution, we decided to leverage those existing local solutions and build around them. The core tenets of our approach are: Openess Payzaar is the first open marketplace for global payroll that allows multinational companies to connect and integrate their existing local payroll operations in a seamless, non-disruptive way without changing local solutions. Any local vendor can become part of the Payzaar marketplace, offer their services to marketplace's customers and contribute to the value of the global Payzaar community.