PayFit

The product is cloud-based payroll and HR software that automates payroll processing, HMRC submissions, statutory payments, auto-enrolment and compliance updates. It also covers people management, leave and absences, expense management and performance management. It sells to HR teams, finance teams and founders at small businesses with up to 25 employees and medium businesses with 25-500 employees in the UK. It is delivered as HMRC-recognised SaaS with integrations to accounting and other tools and an AI companion for payroll and HR questions.

Key features

• Automated payroll processing
• HMRC RTI submissions
• Auto-enrolment pension handling
• Statutory payments calculation
• Real-time payroll reporting
• Employee self-service portal
• Leave and absences management
• Expense tracking and approval
• Performance management
• People management
• Integrations with existing tools
• Accounting software sync (Xero)
• AI agent for payroll and HR
• Health insurance management