Latest news with #PaySpace
Zawya
30-04-2025
- Business
- Zawya
How Enterprise Resource Planning (ERP) owners can turn Payroll and Human Resource (HR) into Data-Driven Value Creators (By Bruce van Wyk)
By Bruce van Wyk, CEO at Deel Local Payroll, powered by PaySpace ( Are there skills gaps in your business? What is the cost of hiring and onboarding a new employee? How should you forecast for overtime? What will your upcoming expense costs look like? Is there an easier and faster way to predict and prepare employee bonuses and tax implications? These questions all have answers, hidden inside data generated by human resource (HR) and payroll systems. Yet, finding those same answers often means hours of human effort, isolated to specific departments and even individuals. At large companies, the information tends to reside inside an enterprise resource planning (ERP) suite, where HR and payroll services are subordinate functions. ERPs have educated the business world on the power of software and data. However, the uniform and monolithic character of ERPs also means that many square pegs are forced into round holes. For instance, the HR modules within an ERP may not possess the precise focus necessary to simplify intricate payroll calculations. Likewise, ERP payroll modules are often slow to adopt changes in workforce legislation, whereas a dedicated cloud-native payroll platform can enact those changes much more quickly—even without payroll administrators requesting the changes. Yet, the ERP is not at fault. Instead, the reality is that as we embrace data to make better and smarter decisions, payroll and HR software benefit by becoming more specialised. It enables them to answer quickly and accurately questions such as those I posed at the top of this article. ERP modules might do the same, but specialised software does it faster, reaching a wider audience and empowering authorised employees to access the information they need. Let's say a manager on the manufacturing floor needs an overview of their workers: they want to see overtime patterns and hours clocked. If the information resides in an ERP, chances are they have to request the information through the payroll or HR departments, then wait. In contrast, modern HR and payroll platforms provide self-service reporting features: the manager can log in and generate what they need without taking the time of HR and payroll staff, who in turn can focus on other high-value tasks. Specialised cloud-native platforms are making it easy to design and automate the underlying processes, customise fields, quickly implement legislative changes, and provide secure access to authorised users. Expecting an ERP to natively have such agility is like turning a giant oil tanker, whereas cloud-native payroll and HR platforms are nimble and more responsive. Furthermore, as they are cloud-native, they are more capable of rapidly deploying new features such as artificial intelligence and employee self-service portals. Where does that leave ERPs? The ERP remains the source of truth and continues to serve as the core of the organisation. Through integration, the payroll and HR platforms extract information from the ERP. We've created this synergy for our large enterprise clients, so I know it works incredibly well. Rather than try to shoehorn everything into the ERP, we can elevate different business functions to coexist with and benefit from the ERP's power. ERPs are powerful, but they don't need to do everything. The major advantage of the cloud era is that companies can utilise specialised software, putting features such as automated calculations, reporting, self-service, legislation updates, and real-time management in the hands of the people who benefit from it. Organisations that rely on ERPs can get the best out of their data and processes while enjoying the features of specialised platforms, turning functions such as payroll and HR into data-driven value creators. Ready to turn your Payroll and HR into data-driven value creators? Discover how Deel Local Payroll, powered by PaySpace, can seamlessly integrate with your ERP and provide the specialised features you need. Distributed by APO Group on behalf of Deel Local Payroll, powered by PaySpace.
Zawya
03-03-2025
- Business
- Zawya
Meet Deel Local Payroll, Powered by PaySpace: The Next Evolution in Payroll Innovation
PaySpace by Deel is now Deel Local Payroll, powered by PaySpace ( One year after being acquired by Deel, PaySpace by Deel has officially transitioned into Deel Local Payroll, powered by PaySpace. This milestone isn't just about a name change—it's about why Deel acquired PaySpace in the first place. PaySpace customers can expect the same powerful payroll platform, now under Deel's global brand. Deel customers can utilise real-time payroll, which means real-time G2N (Gross-to-Net) calculations, shorter cut-off times, and less overall pressure and stress when running payroll across multiple countries. Deel Local Payroll, powered by PaySpace, formerly known as PaySpace by Deel, is a market leader in payroll technology, with more than 20 years of payroll and HR experience. Its flexible solutions cater to a wide range of clients, including small businesses, enterprises, and payroll service providers. The company has built the most technologically advanced native payroll engine, serving clients in 44 countries across Africa and the Middle East. It has over 15,000 customers, including big brands like Heineken, Coca-Cola, and Puma Sports. Deel is a trailblazer in global employee and payroll management, enabling its customers to operate in different territories and simplify the complexities of managing employees according to regional financial and legal requirements. With global operations in over 150 countries, Deel simplifies the complexities of international payroll and HR, enabling companies to manage their global workforce efficiently and compliantly. Founded in 2018, Deel is the fastest-growing unicorn in history (a unicorn is a privately owned startup valued at over US$1 billion—Deel is currently valued at over $12 billion), helping businesses hire anyone, anywhere. PaySpace is now Deel Local Payroll: New Brand, Same Team and Innovation The acquisition, concluded in 2024, aligns the award-winning Deel Local Payroll team and cloud-native PaySpace platform with Deel's global operations. Deel Local Payroll is an independent subsidiary and a payroll product sold as a self-service option alongside Deel's global payroll product. Deel customers benefit through enhanced, innovative, and more flexible payroll tools for their teams. The PaySpace calculation engine is now Deel's calculation engine, onto which Deel has localised its Employer Of Record (EOR) and Global Payroll (GP) products across numerous countries, including the UK, South Africa, Canada, and the UAE. Deel will keep localising countries onto this single engine—a unique competitive offering in the payroll market. Under the Deel brand, Deel Local Payroll will continue to provide the same excellent payroll software and dedicated team that its customers have come to rely on, with the same management team, employees, support, channels, and logistics—only the name has changed. This seamless transition ensures no disruption to existing customer contracts, systems, or processes. Deel Local Payroll's core cloud-native platform is now the PaySpace platform, an intrinsic part of how Deel delivers payroll services at grassroots levels to customers across the globe. The PaySpace platform includes groundbreaking features: Automatic legislative updates that are pushed directly to customers. Robust integration with dozens of business applications and data sources. Extensive automation features to remove pressure on payroll teams. Powerful scale and flexibility that supports changing business requirements. Secure anywhere, anytime access for multiple users and devices. Pacey, a WhatsApp employee self-service bot for payroll slips and other information. "When we founded PaySpace, we set out to create world-class payroll management that served all markets. Taking inspiration and lessons from our customers in Africa and leveraging cutting-edge cloud technologies, we built a true 21st-century payroll service that evolves with the needs of modern companies and their workforces. The rebranding from PaySpace to Deel Local Payroll allows for deeper integration with Deel, positioning us for continued success and growth. It's a positive move, building on the strong foundation we've already established," says Bruce van Wyk, CEO at Deel Local Payroll, powered by PaySpace. Deel's acquisition of Payspace, now Deel Local Payroll, and the PaySpace platform is a significant win for customers. It also serves as a testament to the resilience and flexibility of African tech. Deel, Deel Local Payroll, and the PaySpace platform are building bright futures for their customers as they continue to innovate and provide world-class payroll solutions built to simplify and enhance payroll at every level. Distributed by APO Group on behalf of PaySpace. About Deel Local Payroll: Deel Local Payroll, powered by PaySpace, revolutionises payroll management. It offers online, multi-country payroll and HR management for businesses from start-ups through to enterprise in over 40 African countries, the United Kingdom, the Middle East, and Brazil. Cloud-native, Deel Local Payroll, is scalable, configurable, highly secure, and easy-to-use—delivering anytime, anywhere access. It features payroll automation, self-service features, automatic legislation and feature updates, customised reporting, and more. Since 2024, Deel Local Payroll has been part of Deel, operating as an independent subsidiary, serving its customers through the PaySpace platform.
Zawya
30-01-2025
- Business
- Zawya
It's Time to be Bullish about Africa: An Human Resource (HR) and Payroll Technology Perspective
"Extremely bullish on Africa - can't wait to see the continent evolve over the next decade. So much talent." These sentiments are from a social media message by Alex Bouaziz ( co-founder and CEO of Deel, the most successful technology startup in history that reached a US$12 billion value in just 5 years. Reaching more than 16,000 followers on Twitter, his post sparked a flurry of similar comments, expressing how they saw opportunity emerge across the continent. The post also carries significant relevance because 2024 was a landmark year for Deel's relationship with Africa. Specifically, Deel acquired PaySpace, the African-developed payroll platform that is challenging traditional payroll and HR software to bring much faster, smarter, and more affordable services to multiple regions. Digital is part of Africa's story Cloud-native payroll and HR software is driving a US$16 billion market growing 12% annually ( Organisations worldwide are replacing legacy systems with integrated cloud solutions, reaping major competitive and cost advantages by leveraging data, integration, and agile software. This transformation is especially impactful in Africa, where developing nations benefit from the speed and affordability of cloud-native platforms across their diverse regions. African companies are leapfrogging ahead to get the most from these new technologies. They are adopting cloud solutions faster to help staff focus their energy smartly and not on repetitive tasks and data collection that could be automated. Serving over 16,000 customers in 46 countries The continent has enormous potential to become a massive internal market. According to the Pan African Chamber of Commerce and Industry, inter-African trade reached over US$192 billion during 2023 ( Yet, with that figure only representing 15% of total African trade, there is still considerable room for growth. Furthermore, Africa's companies are increasingly exporting business services to the rest of the world. PaySpace is a perfect example of this export opportunity. It serves over 16,000 customers with its cloud-native, multi-tenant payroll and HR software platform, including leading ESS features such as Pacey, the WhatsApp chatbot that helps employees directly access services such as payslips and leave applications through the popular chat client. During 2024, the PaySpace platform helped companies pay 8.5 million employees in 46 countries, now including Brazil and the UK, and several other milestones: 233,988,871: Number of payslip calculations on the PaySpace platform. 1.01: The number of seconds PaySpace by Deel took to calculate a payslip on average. 64,997: Hours saved by customers using the PaySpace platform during 2024. 170,000: Visits to the PaySpace Knowledge hub during 2024. "Organisations of all sizes are embracing digitisation and seeing remarkable results," says Sandra Crous, Managing Director of PaySpace. "PaySpace started twenty-four years ago because the founders saw the same future for the payroll and HR space, and it's been amazing to experience how our customers keep gaining when they leverage cloud-native software." Bullish about Africa The notion of an African Renaissance is not new, and it has encountered challenges. Yet, digitisation is undeniably enabling African organisations in transforming their operations. The flexibility of modern software helps them accomplish more and compete internationally, offering great benefits to customers globally. Alex Bouaziz's comment shows that the world is waking up to Africa's potential. Deel's acquisition of PaySpace shows that African technologies not only compete successfully against international brands, but can lead the way forward. It's time to be bullish about Africa! Distributed by APO Group on behalf of PaySpace.
