Payzaar was founded in 2016 by a group of industry veterans who had helped to build successful businesses in the Enterprise Software and Payroll/HR Services markets at ADP, Oracle, Hewlett-Packard and OneClickHR. The team recognized on the one hand the rapidly increasing demand by multinational companies for integrated global payroll solutions to manage their local payroll operations more effectively. On the other, the team saw the fundamental flaws of the current solution model (i.e. the so-called aggregator model) for customers: complete lock-in, inflexibility and high costs, often based on archaic technology and held together by an expensive labor services layer.
There had to be a better way! So the idea for Payzaar was born — a new, revolutionary approach to global payroll. The philosophy is simple: Allow customers to leverage what works (i.e. the existing local payroll expertise) and augment it with what is lacking (i.e. the integration and harmonization across the local payrolls). Rather than forcing customers to rip and replace their local payroll solution in order to benefit from an integrated global solution, we decided to leverage those existing local solutions and build around them.
The core tenets of our approach are:
Payzaar is the first open marketplace for global payroll that allows multinational companies to connect and integrate their existing local payroll operations in a seamless, non-disruptive way without changing local solutions. Any local vendor can become part of the Payzaar marketplace, offer their services to marketplace’s customers and contribute to the value of the global Payzaar community.
Payzaar’s business model is founded on our deep belief in the principles of free markets – choice, transparency and competition. We aspire to bring to the payroll industry the same efficiency and transparency that other marketplace models have brought to their respective industries, our role models are Amazon, eBay, Booking.com, TripAdvisor, Zappos, LinkedIn, etc. Payzaar stands for the new way of running payroll in the network economy.
As engineers by background, we believe in the power of technology to help solve complex challenges. Payzaar leverages state-of-the-art technology instead of relying on labor-intensive manual intervention and call centers to support the customer needs. We are investing in next-generation technology – self-service tools, API-based integration, big data & analytics, AI & machine learning – to drive efficiency and insight.
Marc-Oliver has more than 20 years of international experience with leading technology and software providers, building innovative cloud-based solutions for enterprise clients. Prior to launching Payzaar, Marc-Oliver was Head of Strategy, Marketing & Product Management and member of the Executive Committee at ADP International. Marc-Oliver previously held global leadership roles at Oracle and Hewlett-Packard, and worked as a management consultant with The Boston Consulting Group, both in Europe and in the United States. He acts as an advisor to various other startups. He holds an MBA, MS & BS in Engineering from Stanford University.
Trevor has been delivering products and services to the HR and Payroll communities since 2001. He held a board position with OneClickHR, the innovators behind the market leading web based HR and Talent application HR.net. Trevor was responsible for its offshore development centre in India as well as onshore professional services and customer support teams at the time of acquisition by ADP. While at ADP Trevor was Head of Product and Development of ADP UK. He has also held various leadership positions with Marconi, Pioneer Investments and Accenture. Trevor holds a B.Comm from University College Dublin.
Johan has 20 years experience leading IT and Operations functions and combines a strong mix of technical and commercial skills. He most recently was Technical Director at Inspired Software Services, a market leader in Microsoft-based software solutions where he helped to deliver IT transformations to large enterprise clients. Johan is a Microsoft Certified Solution Developer (MSCD) and has held technical leadership roles at three Gold Microsoft Partners over the past 10 years. He earned a degree in System & Application development from Luleå University, Sweden.
Marc has a long track record of creating Enterprise Value for Technology Enabled Services businesses. He provides leadership in the development and execution of strategies to improve top line, bottom line and cash flow business results. He is the founder and Managing Director of Sanford Black & Co. which specializes in Value Creation Advisory Services. Marc consults to Private Equity companies on potential acquisitions, and he is currently on the Board of Directors of the Paradigm Tax Group, a Riverside Company portfolio holding, and an Advisor to Payzaar Limited a technology services company.
Mike is a seasoned IT executive with more than 25 years experience in the Enterprise Software and Cloud Service space. He brings the unique combination of both entrepreneurial and Fortune 500 executive experience to the team. Mike currently serves as SVP and CTO at EXL Services. Previously he held a variety of senior product and technology leadership roles at ADP, helping to transform ADP from a services company to a technology leader. Prior to his tenure at ADP, Mike was part of executive management team of several startups including eLabor and jeTech. Mike serves as an advisor to various startups.
Jos is a deep expert in enterprise software solutions, with more than 30 years of experience building Finance, HR and Payroll solutions. Jos has held a variety of R&D and IT leadership roles at companies like CGI/Logica/CMG, ADP, Pareto and Alten. Jos is currently working as Customer Director at Schuberg Philis. Previously he was CIO/HR Director at the Didacticum Group In the Netherlands and Director of R&D and Product Development at ADP Netherlands and ADP India. He lives in Rotterdam, Netherlands, and acts as a business angel to a number of early-stage innovation ventures.
Pazyaar is being supported by a strong team of investors, consisting of both private business angels as well as institutional investors, including the following:
If you want to see Payzaar in action and understand how it can transform your global payroll operations request a trial.
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