The Howdy Glossary

PayFit is a cloud-based payroll and human resources software designed for small to medium-sized businesses that automates payroll tasks such as salary calculations, tax deductions, and pay slip generation. The platform ensures compliance with tax and labor regulations by updating its system to reflect regulatory changes. Additionally, PayFit supports HR functions like employee onboarding, time off tracking, and expense report management.

Founded in France in 2016 by Firmin Zocchetto, Florian Fournier, and Ghislain de Fontenay, the company aims to simplify complex payroll and HR processes for smaller businesses. Since its inception, PayFit has expanded across Europe offering its solution to a broader audience. Its cloud-based nature allows for easy access from any location while ensuring automated processing of payroll tasks along with up-to-date compliance management.

PayFit’s main competitors include Gusto, ADP Workforce Now, Zenefits, BambooHR, and Paychex. However, it differentiates itself through a strong focus on regulatory compliance and a user-friendly interface that streamlines intricate processes efficiently. By covering everything from salary calculations to HR tasks like onboarding and time off tracking comprehensively within one platform, PayFit stands out as a holistic solution tailored specifically for small to medium-sized businesses seeking efficient management of these functions while staying compliant with regulations.