FreePayroll offers cloud-based payroll software for UK businesses, automating tasks like payroll processing, tax reporting, and pension auto-enrolment. The platform simplifies payroll management, enabling users to run payroll and submit reports to HMRC without incurring any costs.
Funding
Funding not disclosed
Founders
Product
Problem
Many UK-based small and medium-sized enterprises (SMEs) face complexity and costs associated with managing payroll, including tax reporting to HMRC and compliance with auto-enrolment pension regulations. Traditional payroll software can be expensive, while manual processes are time-consuming and prone to errors.
Solution
FreePayroll offers a cloud-based payroll solution designed to simplify and automate payroll processes for UK SMEs and payroll bureaus. The platform provides tools for managing employee information, calculating wages, generating payslips, and submitting reports to HMRC. A key differentiator is its integration with the Collegia Pension, providing a seamless solution for auto-enrolment compliance. By automating tasks and providing a user-friendly interface, FreePayroll aims to reduce the administrative burden and costs associated with payroll management. The software supports various pay frequencies, customizable pay items and reports, and bulk employee import via FPS or CSV.
Target Audience
The primary target audience includes UK-based small and medium-sized enterprises (SMEs) and payroll bureaus seeking a cost-effective and automated payroll solution.
Features
- Automated RTI, FPS, and EPS submissions for seamless HMRC integration
- Integrated Collegia Pension for simplified auto-enrolment compliance
- Support for weekly, fortnightly, four-weekly, and monthly pay frequencies
- Bulk employee import via FPS or CSV
- Customizable pay items, reports, and payslips with company logo option
- Automatic backups and GDPR compliance for data security
- Detailed notifications for P6, P9, P45, P60, and student loan updates
- Bureau payroll option for managing multiple employers