A decade of revolutionary cloud payroll
KeyPay was publicly released on 1st July 2012, marking a whole decade of changing the way our partners work and pay! Born out of the need to create a more accessible version of payroll by leveraging the power of the “cloud”, what began as software for Australian users has grown on a global scale, now operating in Australia, the United Kingdom, New Zealand, Singapore, and Malaysia.
What started as 4 blokes looking to revolutionise the payroll space has grown into a team of almost 100 dedicated, hard-working individuals who are passionate about creating an incredible product for our users.
As one of the original “core 4” founders, Paul Duran has been working on KeyPay since July of 2011. “Phil, Kristian, Rich and myself started building it in our spare time. I had grown frustrated with the politics, meetings and bureaucracy involved in a typical organisation. I was enticed by the opportunity to build a product/company the way we wanted it to be and the freedom/control to do so.”
In January 2013, there were 1,911 employees paid by KeyPay users. Today, more than 2.5 million employees have been paid - which is an incredible testament to the level of trust that KeyPay users have in the software in streamlining pay processing.
Despite nearly 250,000 businesses now using the platform, KeyPay’s hard work is far from over. We’re excited to be placing even more focus on supporting accountants, bookkeepers, bureaus and their clients in achieving success, and growing the KeyPay business and brand worldwide.
Now that KeyPay has joined the Employment Hero family, our team has access to additional resources to better support partners and help them grow their business. We’re excited to be able to invest back into our partners more than ever before, opening up doors for:
- Enhanced, dedicated partner support
- Additional tools and resources to facilitate partner growth
- Increased access to knowledge, resources, and software to further enhance our product offerings in-platform
Ben Thompson, KeyPay’s CEO and the CEO/Co-Founder of Employment Hero, shares a few words: “Now that KeyPay and Employment Hero have combined forces, it’s a no-brainer that this passion for the success of our partners has become even stronger.”
Tanya Swaby, Product Specialist adds that “we’ll be making even more improvements to our timesheets, rostering and expenses. These parts of the system have the potential to really stand out in the market!” There’s also strong sentiments amongst the team that in the future, “KeyPay will experience significant growth in the UK”.
We’re proud of how far we’ve come in the last 10 years, and can’t wait to see where the next 10 will take us and our clients. We’re so excited to have you on this journey with us, and are excited to meet you at Accountex North 2022, stand F16 to celebrate with us!
If you’ve been looking for trustworthy payroll and workforce management software that simplifies processes, learn more about what we can offer your clients in the UK at ww.keypay.co.uk .
KeyPay will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand F16. You can register for a free ticket here.
Financial Warehouse Management
With the link between Finance and Operations being increasingly more blurred, how can you best leverage technology to support this and what does this mean for your finance system, as well as your warehouse management solution?
Firstly, if you are asking yourself, what are warehouse management solutions? Quite simply, a warehouse management solution is the implementation of technology into your warehouse to automate management and processes.
This can be realised in a number of ways, from robotics right the way through to ensuring technology supports, helps control and optimise the warehouse operation that is so closely linked to finance, for example sales orders, purchasing and more.
With heightened business competition, to ensure that your operation is fully optimised - technology allows you to stay ahead of the game and future-proof your processes. Automated and closely integrated warehouse management solutions are certainly the way to go.
As with any new technology implementation, there can be a number of challenges that we see our customers face. From replacing legacy solutions, to enabling organisation-wide adoption, we understand the vital importance of getting the right solution in place for your business, something that complements your finance operation too!
Innov8 will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand A15.
You can register for a free ticket here.
FreeAgent launches new software to help landlords get set for Making Tax Digital
Bespoke solution - ‘FreeAgent for Landlords’ - is specifically-designed to help landlords keep digital records and file tax submissions to HMRC
New product will initially be available for accountancy firms so they can migrate landlord clients in time for MTD for ITSA being introduced in 2024
FreeAgent, the innovative cloud accounting provider, has today unveiled a brand new software solution specifically-designed to help landlords and their accountants comply with the next phase of the UK’s new digital tax legislation.
FreeAgent for Landlords is a bespoke new version of FreeAgent’s award-winning cloud accounting system that has been created for individuals who earn income from property. Through the software, landlords will be able to keep digital records of their property income and costs, as well as making tax submissions required under the government’s upcoming MTD for Income Tax Self Assessment (MTD for ITSA) legislation.
The software, believed to be the first of its kind to be launched specifically for landlords by a UK accounting software provider, will initially only be available to FreeAgent Practice Partners to use with their existing landlord clients. However, a fully iterated version will be available later in the year, enabling end users to sign up for FreeAgent for Landlords and use it independently.
As well as core FreeAgent features that landlords and their accountants will require - including Invoicing, Expenses, Contacts and Projects - FreeAgent for Landlords includes a new area called ‘Property’, which enables users to attribute income and costs to specific properties.
FreeAgent’s automation features including recurring invoices, invoice payment links and ‘guessed’ bank transaction explanations will also be available in the software, enabling accountants and clients to automate many aspects of the process of recording rental income. However, some features that are not relevant for landlords - such as Stock, CIS and Payroll - have not been included in the new software.
Roan Lavery, CEO and co-founder of FreeAgent, said: “From 2024, many landlords will be facing the prospect of having to use some form of accounting software - possibly for the first time ever - in order to comply with MTD for ITSA. That might seem like a long way off, but in order to introduce and train these clients to use digital software, accountants will really need to be thinking very soon about how they will do this.
“We wanted to help make the process as easy as possible, which is why we’ve created a version of FreeAgent that’s specifically for people who earn income through property. We’ve also decided to initially release it to accountants, so that they have plenty of time to get their landlord clients fully prepared and proficient with the software before MTD for ITSA comes into effect.
“MTD is the biggest tax change in a generation and we are committed to making it as stress-free as we can. With FreeAgent for Landlords, we want accountants and landlords to enjoy all the bookkeeping and compliance benefits of our core FreeAgent system, but in a bespoke way that works best for their specific needs.”
After setting up a client on FreeAgent for Landlords, accountants will be able to train them to use the software to record all the income and costs associated with each of their properties. This will automatically update their accounts and will build the data which will eventually be used to populate their MTD for Income Tax submissions - and be directly fileable to HMRC from within the software - when the legislation comes into effect in April 2024.