Ontop’s Automated Payroll Management Platform for International Businesses

Remote work became especially prevalent due to the COVID-19 pandemic, caused by the necessity of isolation. Many companies worldwide have grown aware of remote work’s effectiveness. This realization has led to an abundance of them adopting this new, flexible, and agile way of working.

While, according to Forbes Advisor, computer and IT are among the top industries filled with remote workers, the model has spread out, with employees finding working remotely productive as it offers flexibility and autonomy and companies appreciating the ability to reduce overhead expenses to focus on valuable resources. Despite the benefits, managing remote employees, especially at a large and global scale, can be daunting, requiring extra effort in communication, management, and more.

Ontop, a LatAm startup founded by Santiago Aparicio, Julian Torres, and Jaime Abella, aims to ease the pain with a platform filled with features that automate management and financial services for scaling businesses with international teams.

Simplified Hiring and Onboarding

Launched during the height of the pandemic, Ontop’s founders had businesses looking to scale internationally and employees needing to work remotely in mind when they first created their global workforce management platform. Believing in the value of remote work being equally beneficial for many employees and employers, Ontop tailor-made organizational tools and features that act as remote work solutions, connecting US companies with talented workers from Latin America.

Following a Series A funding round led by Tiger Global and Point72 Ventures that gave Ontop $20M, bringing its total funds to $26M as of January 2023, Ontop expanded its international hiring platform’s services to over 150 countries. This expansion enables companies worldwide to hire employees and contractors spanning from European countries such as Germany and Spain to Oceania countries like New Zealand and Indonesia.

While it is possible for companies to run international remote jobs without platforms like Ontop, overwhelming amounts of administrative and managerial responsibilities are inevitable and unavoidable. This is a pain point faced by Ontop’s founders when they ran their multi-gym membership startup, Fitpal. The trio spent too much time and money on signing contracts, collecting documents, and sending money to different countries.

The inconvenience that hindered the startup’s growth inspired the trio to create Ontop, tailored to support companies by having all the legal and administrative processes of hiring and onboarding new people into their teams, such as paperwork, compliance, and payments handled by Ontop.

All in Ontop’s Hands

Once companies decide to sign up and subscribe to Ontop’s plans, they’ll be met with the startup’s global payroll experts to learn more about how Ontop’s features could be helpful for every company’s specific needs.

This step is then quickly followed by Ontop drafting and finalizing smart contracts, which the startup claims can be done in under 5 minutes, along with any necessary legal documentation to come with said contracts.

While traditional hiring and onboarding processes would require heaps of manual tasks, Ontop’s platform lets companies securely create, store, and access important documents and paperwork in just a few steps, all centralized in one place.

In terms of international payroll, Ontop’s platform has various payment methods, such as US wires, ACH, credit cards, and cryptocurrency. To provide companies with methods customized to their needs, instant payment and prepaid fund management are available, allowing users to send money to Ontop to store and have payments scheduled. Ontop’s features allow companies to pay their entire time with just one click, and with that, payroll management is streamlined.

Ontop believes that its centralized platform can save 8 hours of time per week that would otherwise be spent on manual administrative tasks, save around 1K per employee in a year by removing the need for exhaustive outsourcing, and eliminate nuisance in legality, courtesy of its team of payroll and compliance experts.

Companies interested in trying out Ontop’s platform can schedule a free demo or book a free call with Ontop’s consultants to learn more through the startup’s website.

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