Pento, now Bob UK Payroll, automates payroll processes for HR and finance teams by integrating payment calculations, compliance checks, and reporting into a single platform. This solution reduces the administrative burden of payroll management, ensuring timely and accurate employee payments while maintaining compliance with UK regulations.
Funding
$35M 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 HR and finance teams face challenges with manual payroll processes, leading to errors, compliance issues, and time-consuming administrative tasks. Traditional payroll systems often lack integration with other HR tools, creating data silos and inefficient workflows. Keeping up with ever-changing UK payroll regulations further complicates the process.
Solution
Bob UK Payroll (formerly Pento) is a payroll automation platform designed to streamline payroll processes for HR and finance teams in the UK. The platform integrates payment calculations, compliance checks, and reporting into a single, unified system. By automating these tasks, Bob UK Payroll reduces the administrative burden associated with payroll management, ensuring accurate and timely employee payments. The system is built to maintain compliance with UK regulations, minimizing the risk of errors and penalties.
Target Audience
Bob UK Payroll targets HR and finance teams in UK-based companies of all sizes seeking to automate and simplify their payroll processes while ensuring compliance with local regulations.
Features
- Automated payroll calculations, including tax deductions and national insurance contributions
- Real-time compliance monitoring to ensure adherence to UK payroll regulations
- Direct integration with HMRC for seamless tax reporting
- Automated payslip generation and distribution
- Integration with accounting software for streamlined financial reporting
- Secure data storage and encryption to protect sensitive employee information
- Customizable reporting dashboards for payroll analytics and insights