[Northern Ireland] PayEscape posts 44% growth after securing string of contracts

PayEscape - a UK specialist in outsourced payroll, HR and time management solutions - has posted 44 per cent growth after securing a string of high-profile contracts, News Letter reports.

The Ballymoney, NI-based, company also has an office in London. PayEscape won contracts to support the UK operations of Air France-KLM Group and vehicle manufacturer IVECO.

PayEscape provides a wrap-around service, including access to powerful cloud-based software platforms and the account management skills of highly trained staff that are all accredited by the Chartered Institute of Payroll Professionals (CIPP).

This increase in demand has reportedly led to new job opportunities. PayEscape has created 22 new positions, taking its total workforce to 76 people.

“In essence, we help customers to remove the administrative burden from their workload,” John Borland - PayEscape’s founder said. Mr Borland reportedly founded the firm in 2006 after identifying a major need for outsourced payroll solutions whilst working as a computer programmer.

Mr Borland continued, “Our cloud solutions deliver simple, effective and, importantly, reliable technology that helps them concentrate on what they do best. This is increasingly appealing to companies of all sizes, where management teams find they are time-poor or don’t have the in-house skills and knowledge.

“We are continually developing our people to offer the best possible service that isn’t necessarily the case with other providers and this complements ongoing investment in our cloud-based solutions to incorporate more features and full integration between accounting, payroll, HR and time management.”

PayEscape’s expansion since 2006 has been driven by a host of strategic partnerships and acquisitions.

The first was in 2013 with US entrepreneur Steve Sarowitz and his own international bureau, Blue Marble Payroll, to use PayEscape to manage the UK payroll operations for its international clients.

This was followed by the acquisition of payroll engine PayRun.io seven years later and a new partnership with the Ultimate Kronos Group (UKG) in 2021 that reportedly saw best-in-class time and attendance technology added to its portfolio.

“Our core solution manages all aspects of the payroll process, from calculating payroll taxes and filing with HMRC to managing all components of auto-enrolment, reimbursement and pre-tax benefits,” Mr Borland said.

“Feedback from our customers highlighted that they wanted the same advantages we deliver for their HR and Time and Attendance management, so we went out and built partnerships or acquired industry-leading businesses to get us to our current stage where we have three world-class solutions.

“New clients coming on board are now buying two or more of the cloud-based platforms and ‘integration’ - where all three work seamlessly together - will be the next big trend in our space.”

PayEscape invested £1m into converting the historic Dunnes department store in Ballymoney into its headquarters in 2020. It has reportedly laid-out ambitious plans to double its client base over the next three years, to be achieved by organic growth, a concerted push to build partnerships with the accountancy sector and expansion into Europe.

Source: News Letter

(Quotes via original reporting)

PayEscape - a UK specialist in outsourced payroll, HR and time management solutions - has posted 44 per cent growth after securing a string of high-profile contracts, News Letter reports.

The Ballymoney, NI-based, company also has an office in London. PayEscape won contracts to support the UK operations of Air France-KLM Group and vehicle manufacturer IVECO.

PayEscape provides a wrap-around service, including access to powerful cloud-based software platforms and the account management skills of highly trained staff that are all accredited by the Chartered Institute of Payroll Professionals (CIPP).

This increase in demand has reportedly led to new job opportunities. PayEscape has created 22 new positions, taking its total workforce to 76 people.

“In essence, we help customers to remove the administrative burden from their workload,” John Borland - PayEscape’s founder said. Mr Borland reportedly founded the firm in 2006 after identifying a major need for outsourced payroll solutions whilst working as a computer programmer.

Mr Borland continued, “Our cloud solutions deliver simple, effective and, importantly, reliable technology that helps them concentrate on what they do best. This is increasingly appealing to companies of all sizes, where management teams find they are time-poor or don’t have the in-house skills and knowledge.

“We are continually developing our people to offer the best possible service that isn’t necessarily the case with other providers and this complements ongoing investment in our cloud-based solutions to incorporate more features and full integration between accounting, payroll, HR and time management.”

PayEscape’s expansion since 2006 has been driven by a host of strategic partnerships and acquisitions.

The first was in 2013 with US entrepreneur Steve Sarowitz and his own international bureau, Blue Marble Payroll, to use PayEscape to manage the UK payroll operations for its international clients.

This was followed by the acquisition of payroll engine PayRun.io seven years later and a new partnership with the Ultimate Kronos Group (UKG) in 2021 that reportedly saw best-in-class time and attendance technology added to its portfolio.

“Our core solution manages all aspects of the payroll process, from calculating payroll taxes and filing with HMRC to managing all components of auto-enrolment, reimbursement and pre-tax benefits,” Mr Borland said.

“Feedback from our customers highlighted that they wanted the same advantages we deliver for their HR and Time and Attendance management, so we went out and built partnerships or acquired industry-leading businesses to get us to our current stage where we have three world-class solutions.

“New clients coming on board are now buying two or more of the cloud-based platforms and ‘integration’ - where all three work seamlessly together - will be the next big trend in our space.”

PayEscape invested £1m into converting the historic Dunnes department store in Ballymoney into its headquarters in 2020. It has reportedly laid-out ambitious plans to double its client base over the next three years, to be achieved by organic growth, a concerted push to build partnerships with the accountancy sector and expansion into Europe.

Source: News Letter

(Quotes via original reporting)