Deductly is a cloud-based payroll deduction platform built to simplify
operations for businesses, particularly those with high employee turnover. It
helps businesses manage deductions from the pay of new employees for various
expenses, allowing for customizable amounts based on specific needs. Retail,
food service, and manufacturing businesses that see more hires and departures
stand to benefit the most from automation through Deductly. The platform
streamlines this process, saving businesses time while ensuring compliance
with labor laws.
It works by letting a business upload payroll data in CSV format, which is
easily exported from most payroll software, including but not limited to
QuickBooks, Paychex, ADP, Gusto, and Excel. While Deductly does not integrate
with these systems, it uses this capability to export payroll data in CSV
files, allowing businesses to upload their data for processing with ease.
Deductly is customizable, allowing businesses to define which kind of
deductions should apply at calculation. Businesses can set up their CSV file
format at onboarding in such a way that it fits their needs. For example,
Deductly can be set up to automatically apply deductions for uniforms, tools,
or other items while remaining compliant with local wage laws.
In the future, Deductly could introduce industry-specific options.
Restaurants, for instance, often employ tipped workers who have different
wage laws, and Deductly could adjust calculations appropriately. Another
potential feature could be to set the total number of employees in the
business, which might affect payroll calculations based on location-specific
wage laws related to company size.
Once payroll data is uploaded, Deductly calculates the appropriate deductions
based on employee wages and local wage laws. If an employee has an
outstanding deduction balance, Deductly carries this forward into future pay
periods, reducing the need for manual tracking.
The pricing structure of Deductly will have tiers for each kind of business,
irrespective of the size. For smaller businesses that have fewer workers, the
companies can subscribe to low-tier, inexpensive plans, while big companies
with highly intricate payroll needs may consider a high-tier subscription
that ups the features and capacity. This would ensure that the product is
available to all growth stages of businesses.
Apart from automating the deductions, Deductly is also fitted with reporting
tools that will help businesses keep track of deductions and stay compliant
with labor laws. Such reports bring transparency to the business owners. By
automating deductions, Deductly eliminates the risk of human error synonymous
with conventional payroll systems based on spreadsheets or manual records.
The ultimate goal of Deductly is to retire these antiquated,
less-than-efficient systems and replace them with a single, streamlined,
automated solution for payroll deductions. Simplifying this usually
time-consuming task frees up more time and resources for business growth.
With its ease of use, customized features, and further planned improvements,
Deductly positions itself as a reliable avenue for companies in handling
payroll deductions and keeping up with the laws on wages.
In all, Deductly automates payroll deductions, making it easy for businesses
to stay compliant with labor laws while saving them time and minimizing
errors. Its customizations, ease of integration into payroll systems, and
scalable pricing make it perfect for businesses across the board. In essence,
with this automation, Deductly will afford business owners the opportunity to
pay attention to the growth of their companies.
Email: azra.smockmuniz@gmail.com
Project Owner
Azra Smock