Factorial
About Factorial
The startup offers a human resources management platform tailored for small and medium-sized businesses, enabling HR managers to efficiently track employee leave, manage benefits, and automate payroll processes. This platform reduces administrative errors and provides actionable insights, streamlining HR operations and enhancing organizational efficiency.
<problem> Small and medium-sized businesses often struggle with fragmented HR processes, relying on spreadsheets and multiple platforms for tasks like time tracking, payroll, talent management, and finance. This leads to inefficiencies, errors, and a lack of centralized data for informed decision-making. </problem> <solution> Factorial provides an all-in-one HR platform designed to streamline and automate core HR processes, consolidating time and attendance, talent management, payroll, and finance into a single, integrated hub. The platform enables HR managers to efficiently manage employee data, track time off, manage employee performance, and automate payroll processes. By centralizing HR functions, Factorial reduces administrative overhead, minimizes errors, and provides actionable insights through customizable reports and analytics. The platform also offers a mobile app to allow employees to easily manage their HR tasks on the go. </solution> <features> - **Time and Attendance Tracking:** Clock-in/clock-out via facial recognition, QR code, geofencing, mobile app, or desktop; automated timesheet generation; and time-off request management. - **Talent Management:** Performance reviews, 360-degree feedback, goal setting (OKRs), training management, and applicant tracking system (ATS) with AI-powered candidate sourcing. - **Payroll Management:** Automated payroll processing, expense management, electronic signatures, and integration with payroll software. - **Document Management:** Centralized storage for employee documents, e-signature capabilities, and customizable templates. - **Mobile App:** Employee self-service for clocking in/out, requesting time off, accessing documents, and viewing team schedules. - **HR Analytics & Reporting:** Customizable dashboards, HR reports, and key performance indicators (KPIs) for data-driven decision-making. - **Integrations:** Connects with various third-party applications via an open API and a marketplace of pre-built integrations (e.g. Slack, Google Workspace, Zapier, and various accounting software). - **Employee Portal:** Centralized hub for employees to access company information, request time off, view payslips, and complete assigned tasks. </features> <target_audience> Factorial primarily targets small and medium-sized businesses (SMBs) across various industries, including consulting, retail, technology, healthcare, and manufacturing, seeking to streamline HR processes and improve employee management. </target_audience> <revenue_model> Factorial uses a modular pricing model, with pricing starting at $8 per employee per month, allowing businesses to select and pay only for the features they need, with options for a la carte plans and tailored starter plans based on industry needs. </revenue_model>
What does Factorial do?
The startup offers a human resources management platform tailored for small and medium-sized businesses, enabling HR managers to efficiently track employee leave, manage benefits, and automate payroll processes. This platform reduces administrative errors and provides actionable insights, streamlining HR operations and enhancing organizational efficiency.
Where is Factorial located?
Factorial is based in Barcelona, Spain.
How much funding has Factorial raised?
Factorial has raised 301390000.
- Location
- Barcelona, Spain
- Funding
- 301390000
- Employees
- 1719 employees
- Major Investors
- General Catalyst