[US] Novo Payroll for small businesses announced

Novo - a financial solutions platform for small businesses - has announced the launch of Novo Payroll, in collaboration with Check, Yahoo reports.

Check is a payroll infrastructure company that allows platforms to embed payroll into their products.

With this launch, Novo reportedly has a payroll solution that is fully integrated into its platform of small business banking, budgeting and working capital solutions, enabling small businesses to manage their finances from a single platform.

"Traditional small business payroll solutions consist of standalone applications characterized by high fees, burdensome cash-on-hand requirements, and either clunky or non-existent integrations between payroll and business bank accounts," Michael Rangel - founder and CEO of Novo - said. "In collaboration with Check, we built a payroll solution that simplifies and speeds up the process of paying small business employees."

Novo leveraged Check’s embedded payroll API to build Novo Payroll. Offering coverage in all 50 states, Novo Payroll streamlines the entire payroll process, from calculating wages to facilitating direct deposits and managing tax withholdings. Businesses benefit from a comprehensive payroll solution that reduces administrative burdens and ensures accuracy and compliance with regulatory standards.

Novo has reportedly conducted a beta of Novo Payroll and intends to make the product available to its more than 200,000 small business customers over coming weeks. Key features of Novo Payroll include:

• Affordable, flat-rate pricing
• Working capital for payroll
• Next day payments
• Built-in accounting and budgeting tools
• Single- and multi-state payroll
• Human-powered customer service

"We founded Check with the goal of making payroll easier for as many small businesses as possible. By partnering with Novo, we’re able to reach an even broader set of businesses, giving them the tools they need to save time and money on what is all-too-often a cumbersome task," Andrew Brown - co-founder and CEO of Check - said. "Novo has already burnished its credentials as a leading provider of financial services for small businesses. By embedding Check’s payroll, Novo is able to provide a one-stop-shop for small business financial needs."

Source: Yahoo

(Quotes via original reporting)

Novo - a financial solutions platform for small businesses - has announced the launch of Novo Payroll, in collaboration with Check, Yahoo reports.

Check is a payroll infrastructure company that allows platforms to embed payroll into their products.

With this launch, Novo reportedly has a payroll solution that is fully integrated into its platform of small business banking, budgeting and working capital solutions, enabling small businesses to manage their finances from a single platform.

"Traditional small business payroll solutions consist of standalone applications characterized by high fees, burdensome cash-on-hand requirements, and either clunky or non-existent integrations between payroll and business bank accounts," Michael Rangel - founder and CEO of Novo - said. "In collaboration with Check, we built a payroll solution that simplifies and speeds up the process of paying small business employees."

Novo leveraged Check’s embedded payroll API to build Novo Payroll. Offering coverage in all 50 states, Novo Payroll streamlines the entire payroll process, from calculating wages to facilitating direct deposits and managing tax withholdings. Businesses benefit from a comprehensive payroll solution that reduces administrative burdens and ensures accuracy and compliance with regulatory standards.

Novo has reportedly conducted a beta of Novo Payroll and intends to make the product available to its more than 200,000 small business customers over coming weeks. Key features of Novo Payroll include:

• Affordable, flat-rate pricing
• Working capital for payroll
• Next day payments
• Built-in accounting and budgeting tools
• Single- and multi-state payroll
• Human-powered customer service

"We founded Check with the goal of making payroll easier for as many small businesses as possible. By partnering with Novo, we’re able to reach an even broader set of businesses, giving them the tools they need to save time and money on what is all-too-often a cumbersome task," Andrew Brown - co-founder and CEO of Check - said. "Novo has already burnished its credentials as a leading provider of financial services for small businesses. By embedding Check’s payroll, Novo is able to provide a one-stop-shop for small business financial needs."

Source: Yahoo

(Quotes via original reporting)