Embracing Payroll Automation with Transformify
In the 87th episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan II, speak with Liliya Stoyanov, CEO of Transformify. They discuss the importance of payroll automation and how it facilitates companies in managing payments to contractors and freelancers across borders. Stoyanov elaborates on how Transformify streamlines the payment process by offering one comprehensive invoice, facilitating various currencies and eliminating compliance risks. They delve into how the global pandemic has impacted the payroll landscape and emphasised the need for effective remote payment solutions. They also touch on some common challenges in the sector and offer valuable advice to those interested in pursuing a career within the FinTech or payroll industry.
00:00 Introduction to the Podcast
01:00 Introduction to the Guest Speaker
01:20 Guest Speaker's Journey into Payroll
03:24 Advertisement Break
04:22 Understanding Payroll on Demand
08:34 Deep Dive into the Payroll Process
14:33 Target Audience for the Service
16:44 Understanding the Global Reach of the Service
18:07 Challenges Faced in the Industry
20:53 Understanding the Client Base
25:42 Guest Speaker's Experience as a Professor
27:46 Advice for Aspiring Professionals
28:25 Conclusion and Sign Off