Growing customer demand, coupled with recent investment from venture capital firm Midven, has prompted cloud-based HR tech platform, Natural HR, to develop a fully integrated payroll function.
Established by couple Co-Founders, Jason and Sarah Dowzell, Birmingham-based Natural HR has seen significant growth since 2013, when the platform went from being a hobby to a full-blown business for the pair. Having identified a demand in the market for this HR tech solution, and capitalising on the surge in popularity of cloud storage, the couplepreneurs now employ over 20 staff members.
The launch of the payroll function, announced this week, marks another notable stage in the organisation’s story, as they are one of the first HR tech cloud-based platform’s in the UK to offer a fully integrated payroll solution.
Sarah Dowzell, Co-Founder and COO of Natural HR, said: “Over the last three to five years, we’ve noticed a shift in where payroll sits in terms of responsibility. Increasingly HR is becoming responsible for managing payroll rather than finance and ensuring details are not only accurately provided when an employee joins but accurately maintained when circumstances shift during their time as an employee.
“Many organisations face the challenge of running these two systems in isolation, which causes risk and complexity. At its worst, this can result in employees being paid the wrong salaries into the wrong bank accounts or even businesses continuing to pay employees once they have left the business.
“Being able to respond to the growing demands of our clients is thanks to the funding we received from Midven.”
The integrated payroll function within the existing HR tech software will be available to the UK market this June.