This startup develops cloud software that automates payroll processes, including payroll calculation, rebilling, and reporting, with real-time tax settlement. By enhancing the shadow payroll system, the software significantly reduces the time and costs associated with manual payroll management.
Funding
$620K raised to dateRaised 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
Multinational companies face significant challenges in managing expatriate payroll due to the complexity of international employment tax regulations, disparate data collection processes, and the need for accurate, real-time calculations. Traditional manual methods are time-consuming, costly, and prone to errors, leading to compliance risks and potential penalties.
Solution
Certino offers a cloud-based Shadow Payroll as a Service (SPaaS) platform that automates and simplifies the tax management of employees working internationally. The platform provides real-time, accurate calculations for complex scenarios such as hypo tax, partial gross-ups, and home country social security, reducing calculation times from days to seconds. Certino integrates seamlessly with existing HRIS and payroll systems via API, centralizing data and streamlining processes. By automating shadow payroll calculations and ensuring compliance with international tax laws, Certino helps organizations save time, reduce costs, and minimize the risk of non-compliance.
Target Audience
Certino serves global businesses, tax service providers, payroll service providers, and mobility service providers who manage expatriate payroll and need an automated solution to simplify complex tax calculations, ensure compliance, and reduce costs.
Features
- Cloud-based platform accessible through a web application or API integration
- Automated calculations for hypo tax, partial gross ups, shadow payroll, and home country social security
- Real-time, accurate calculations compliant with legislative rules and updated by an in-house tax team
- Seamless integration with existing HRIS and payroll platforms
- Centralized data processing in a standardized format
- Banking-grade security and data compliance
- Optional expert consultancy services to enhance overall shadow payroll processes
- Support for near-global coverage