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Yellow Canary provides an Always On Compliance platform that automates monthly payroll reviews to ensure compliance with Australian industrial relations laws, including modern awards and enterprise agreements. The platform leverages AI to calculate superannuation variances and long service leave balances, helping employers mitigate underpayments and reduce the risk of costly remediation projects.
- Artificial Intelligence
- Enterprise Software
- HR Technology
- Software Only
Funding
Raised to date
$11MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Australian employers face a complex industrial relations landscape with numerous modern awards and enterprise agreements, making payroll compliance challenging. Underpayments can lead to costly remediation projects, reputational damage, and potential legal action under the Closing Loopholes Act.
Solution
Yellow Canary offers an Always On Compliance platform that automates monthly payroll reviews to ensure adherence to Australian industrial relations laws. The platform compares payments to obligations, providing actionable insights to mitigate underpayments and ensure compliance with modern awards, enterprise agreements, and long service leave regulations. By leveraging AI, Yellow Canary calculates superannuation variances and payable charges, simplifying ATO reporting and supporting both historical and ongoing compliance. The platform's dashboard provides an ongoing view of compliance, giving stakeholders confidence in their governance framework and helping to meet ESG obligations.
Target Audience
Yellow Canary's primary clients are large Australian employers with workforces ranging from 500 to 100,000 across various sectors, including banking, insurance, retail, hospitality, manufacturing, and health services.
Features
- Automated monthly payroll reviews comparing payments to obligations
- AI-powered calculation of superannuation guarantee variances and payable charges
- Automated long service leave (LSL) balance and payment calculations
- Support for historical reviews and ongoing compliance with modern awards and enterprise agreements
- Configurable technology adaptable to any modern award, enterprise agreement, or industrial instrument
- Always On Compliance dashboard providing an ongoing view of compliance state
- ISO 27001 certification ensuring data security