Scan Magazine | Special Theme | Danish FinTech Special
A simpler way to pay your people Arranging the monthly payroll can be a bit of a drag and seem daunting and, depending on company size, some issues can get in the way and prevent the process from being as smooth as it could and should be. By Susan Hansen | Photos: Gratisal
But a new technical platform has been designed to help ease the payroll run and some of the problems experienced by many organisations every month. The Danish company Gratisal offers effective solutions in the form of a cloudbased payroll system. It can accommodate the needs of any type of organisation, large or small, domestic or international, public sector or private. The name partly gives it away: the basic system is free of charge, the process and functionality of paying people is free – but upgrading or adapting it costs money. If this sounds a bit too good to be true, it gets better. The good news is that the system offers innovation and presents a 76 | Issue 103 | August 2017
good challenge to previous perceptions of what is possible, and the feedback from clients has been very enthusiastic. The system offers seemingly unlimited flexibility in terms of technical functionality. Managing director Frants Moraitis explains the concept and idea behind the system: “We wanted to create a more intuitive system that does not just work for or appeal to those who are experts in payroll. We identified a need to create something that can be utilised by people with a wide range of skills – even people with little or no previous knowledge or experience of it.” Companies with fewer than 500 employees cannot afford to spend much time
processing salaries, so there is a need for a system that works instantaneously. Gratisal makes selective use of robotics and automated processes, and the results so far are highly promising. Moraitis explains: “Statistics suggest that as much as one quarter of the Danish workforce has experienced salaryrelated errors, and this is something we are passionate about challenging. It is crucial that employees understand the basics of what is required in order to process payroll, how it can be very simple and our system helps them.” Gratisal is currently looking beyond Denmark for business partners abroad. That they are really onto something is beyond doubt – but how things will pan out, only the future can tell.
Web: www.gratisal.dk