Despite its importance, payroll is typically not addressed in most SaaS platforms. Their customers are often left to find alternative solutions that result in error-prone processing, duplicate data entry and siloed compliance management.
SaaS providers can help minimize these risks by embracing embedded payroll. In doing so, they also position themselves as strategic partners offering all-in-one solutions.
Benefits of embedded payroll
- A unified payroll experience increases customer satisfaction, deepens daily platform reliance and substantially reduces client turnover.
- Product teams can innovate faster, layering payroll-driven insights, workflows and automation into roadmap iterations without building a payroll engine from the ground up.
- Sales and go-to-market (GTM) teams gain a more holistic, high-value offering that increases average contract value and shortens sales cycles by addressing deeper customer pain points.
- Strategy and revenue leaders acquire new monetization models, transactional revenue, value-based pricing and expanded feature tiers. They can also forecast revenue uplift with greater precision.
Download our insight for more information on how embedded innovation is shaping the future of SaaS and get tips for selecting an embedded payroll partner.
