PaidRight is an employee pay compliance platform that utilizes automated payroll compliance technology to verify payroll data across all shifts and pay runs, identifying errors before payments are issued. The platform addresses the issue of wage underpayments by ensuring accurate payroll processing and compliance with legal requirements, thereby reducing the risk of costly remediations.
Funding
$4.5M 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
Many organizations struggle with payroll compliance due to the complexity of wage laws, modern awards, and enterprise agreements, leading to frequent and costly wage underpayments. Existing time and attendance systems often fail to catch errors arising from misaligned data, dynamic workforces, and outdated business logic. Manual reviews are time-consuming and prone to oversights, especially with tight payroll deadlines.
Solution
PaidRight offers an automated payroll compliance platform that integrates with existing payroll and time and attendance systems to proactively identify errors before payments are issued. The platform verifies payroll data across all shifts and pay runs, ensuring compliance with applicable wage laws and agreements. By automating the error detection process, PaidRight helps organizations avoid wage underpayments, reduce the risk of costly remediations, and improve payroll team efficiency. The system provides an audit trail of all identified issues, enabling confident and accurate payroll processing.
Target Audience
PaidRight primarily targets large Australian businesses across all major industries that are exposed to the risk of wage underpayments due to complex payroll requirements.
Features
- Seamless integration with existing payroll and time and attendance systems
- Automated verification of payroll data across all shifts and pay runs
- Pre-built library of clauses for modern awards and enterprise agreements
- Identification of errors in entitlements, rates, and overtime triggers
- Delegation and resolution of errors and gaps in rosters and timesheets
- Audit trail of all issues with summary email reporting
- Payroll risk assessment to identify weaknesses in current processes
- Tech-enabled wage remediation support for organizations with over 100 employees