PayZi- A self-service payroll portal for small business's.

PayZi is payroll tool for small business owners. PayZi solves technical and Adoption challenges for Non Tech Savvy Business owners, who have limited knowledge in using Digital tools for payrolls.

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Inspiration

In past we had built a "Payroll App" , later on it was purchased by a company which was into Human resource management system & recently we were approached by a Small Business for a Easy to use payout service, we introduced a service called "PayviaMail" where in a business owner will E-mail us a Spreadsheet of payout list, containing beneficiary name, Account Number/ID and Amount,once they mail us, they will receive a phone call for two factor authentication and after successful authorization , our app executes entire payouts. As we saw that the use-case around this hackathon is a payout service ,we decided to build PayZi , a Simple two factor authentication based Mobile App & Web portal for a delightful payroll experience. Our proficiency in building Fintech user experience systems can increase the Adoption rate of this solution among both Small Business and SME's.

What it does

PayZi is a simple way for Small businesses/SME owners to efficiently manage their payroll. businesses can rely on PayZi to automate and simplify their payroll process. PayZi is Designed keeping in mind that most of the small business owners are not that proficient in using Digital Tools. PayZi can be used to organize employee records, calculate payroll taxes, generate payslips and pay employee salaries. The App can be used without any training. Once employee information entered, everything works seamlessly, No need get trapped into spreadsheet formulas, All Transactions on PayZi are executed only after two factor authentication.

How we built it

Web App Built using Node.js Mobile App is built using Java on Android Studio Wallet infrastructure of Rapyd API's: Wallet Creation, Transactions between Wallets Cloud Telephony for two factor authentication

Challenges we ran into

It was not possible to procure mass-disbursements via file-drop on a Rapyd-hosted SFTP server in Sandbox Mode ,but we still managed to built this proof of concept using a wallet infrastructure of Rapyd.

Accomplishments that we're proud of

Team's Accomplishment in Fintech Space : I) Elevate Award by Goverment of Karnataka. ii) GoM Grant Award by Mumbai Fintech Hub. iii) Design for all Tenet Award by Celo Foundation(Global payments infrastructure built for mobile). iv) Invited by Indian High Commission at Singapore for a Business and Innovation Summit on India.

What we learned

Creating Rapyd Wallet Accounts for users, to do payouts is a seamless process .

What's next for PayZi- A self-service payout portal for small business's.

We are already live with Domestic payouts in India, we will explore PayZi for Global Market by End of Q3 2021. We will Add Features like , Automatic calculation of payroll taxes, including Managing of deductions and taxable benefits, scheduled payrolls ,PayZi will have features and integrations to suit payroll needs of any Small Business & SME's.

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