PaySauce aims to deliver its payroll engine through third-party employment applications
Summary
NZX-listed fintech PaySauce has inked an agreement for a proof of concept to embed its payroll technology within a third-party employment solution. “Embedding our payroll technology into employment software that’s already in the market has been a long-standing goal for PaySauce," Wijeyeratne said. These providers are rapidly consolidating and with that move, demand is growing for payroll solutions that can be quickly deployed in multiple territories." "I expect this agreement over the medium term to drive a step-change in our revenue growth and importantly, our operational cash flow while we build our Australian micro-business payroll app," Wijeyeratne said. However, there would be greater technical development costs to deliver the integration upfront and to maintain ongoing service level agreements.