The world of work has changed dramatically in recent years. Remote work, flexible arrangements, and the gig economy have transformed how people work and get paid. However, most payroll systems were designed for a 9-to-5 world where everyone works full-time for a single employer.
At Payflo, we've built our payroll infrastructure from the ground up to support the modern workforce. Here's how we're addressing the challenges of modern work:
Flexibility First
Modern work requires flexible payment options. Our system supports various payment schedules, from traditional bi-weekly payroll to daily payouts for gig workers. We've designed our APIs to accommodate all kinds of work arrangements, ensuring that everyone gets paid accurately and on time.
Multi-Entity Support
Many modern workers have multiple income sources. Our infrastructure makes it easy to manage payments across different entities, whether they're full-time employees, contractors, or hybrid workers.
Real-Time Processing
In today's fast-paced world, waiting two weeks for a paycheck isn't always feasible. Our system supports real-time payment processing, allowing for on-demand payments when needed.
Compliance Across Borders
Remote work means that employers and employees may be in different jurisdictions. Our compliance engine handles the complexity of multi-state and multi-country regulations, ensuring that payments are always compliant with local laws.
Data Security
With increased focus on data privacy and security, we've built our infrastructure with security at its core. We use bank-level encryption and adhere to strict compliance standards to protect sensitive information.
By addressing these challenges, we're creating a payroll infrastructure that supports the way people work today and will work in the future.
If you're building tools for the modern workforce, we'd love to show you how Payflo can help you offer payroll capabilities to your customers.
