70% of expenses tie to headcount.
Most businesses rely on spreadsheets to manage their #1 expense, headcount. Spreadsheets produce predictable results: human errors, multiple sources of truth and unscalable foundations. Payrec eliminates these risks by automating your payroll accounting. In doing so, Payrec also unlocks a world of insight into your headcount spend.
What We Offer
A simple approach to managing compensation, hiring and financial planning for your business by automating payroll accounting.
Automated payroll entries
Connect your payroll and general ledger or ERP to automate recurring payroll entries. Record at the item, person, department, summary or a custom field of your choice.
Single source of truth
Human resources, finance and department managers can work from the same set of data for raises, hiring, transfers and allocation of employee costs when shared by two or more departments.
Dynamic real-time reports
Simple, powerful reporting to help you understand budget vs. actual vs. forecast, spend concentration and much more.
Confident headcount decisions
Confidently manage your most valuable, and expensive, resource ... your people. Ensure talent is rewarded without breaking your company's bottom line.
Built by people in your shoes
Our team gets it. We've managed headcount and financial budgets at multiple companies. Enough was enough. We needed a tool to get us out of spreadsheets so we could keep up with the other demands of our respective businesses. We built Payrec to solve our own problems and help other businesses effectively manage their main cost center, headcount.
Controlled access
Connected data sources
Clarity in costs
What Our Clients Say
"Before Payrec, recording payroll took 2-4 hours each pay cycle. Now, those entries take minutes and I have confidence everything was recorded correctly in Quickbooks."
COO
"We always struggled to manage department changes and employee transfers. Payrec makes it easy and we can easily summarize the historical financial impact and quickly project future costs in their new department."
Head of Human Resources
"Compiling rolling forecasts each month required multiple data sources from HR and always required manual adjustments in excel. Now we're both working from the same data set and what used to take a day of work now takes minutes."
Corporate Controller