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Archivo del Autor: Belen De Leon

KashFlow founder Duane Jackson has launched Staffology, a payroll SaaS and API

We already knew that serial entrepreneur Duane Jackson, who is best known for founding and exiting cloud accounting software KlashFlow, was working on his third venture after recently selling Supdate to Crowdcube. And today Staffology, which Jackson tells me he began developing just over a year ago, is launching publicly.

Dubbed Staffology Payroll, the U.K. company’s first product is cloud payroll software built on top of a “comprehensive” and open API. The idea is that anything the web-based application does can also be achievable programmatically via the API.

“A few companies I advise were in need of a web-based payroll app with an API and it just didn’t exist,” explains Jackson. “Xero had been talking about an API for their U.K. payroll for years but it just didn’t look like it was happening [it is now, although it’s still in beta]. I had the opportunity to move on from Supdate which meant I would have some time on my hands, so I thought I’d give it a go myself”.

Jackson says that development of Staffology Payroll started in March 2018 and after a period of private and public beta testing it has passed the important milestone of gaining recognition for RTI and CIS filing from HMRC, the U.K.’s tax authority. The next stage is to encourage other software vendors and platforms to provide payroll functionality via the startup’s API.

“Automation of business processes is on the increase,” notes Jackson, but with regards to payroll this hasn’t yet happened for a lot of companies. “A real bottleneck is payroll because there simply aren’t the APIs out there to do it well,” he says. “It’s no longer just large employers trying to take advantage of technology and the efficiencies it can bring. Whether you’re a construction company managing payments to thousands of subcontractors or an accountancy firm managing payroll for hundreds of small businesses, integration and automation can save you a small fortune”.

To that end, the Staffology founder says the product has been used by a range of customers while in beta. Typical customers include accountants, payroll bureaus and employers of various sizes. “The white-label option is proving attractive to challenger banks looking at how our product can help them compete in the SME market and to HR SaaS vendors who hope it’ll make their own offerings more attractive,” says Jackson.

Another current customer is a large construction company that is integrating Staffology Payroll into their in-house systems to save them “days of work every month”.

Meanwhile, Staffology has been funded by Jackson’s own cash to date and he sees no reason to raise venture capital. “I made enough from my other exits to not have to worry about taking a salary from the business,” he says. “And as a full-stack developer I’m able to do the majority of the development work myself. So the costs have been minimal and what costs there have been I can comfortably cover. I’ve already had interest from a couple of VCs, but I struggle to see why I need to go down that route”.

With that said, Jackson is under no illusion that a payroll SaaS will only make significant profits with scale. Payroll processing is priced as a commodity and therefore Staffology will be a business that requires high volumes.

“Making money is the bit I still have to prove,” he adds. “The maximum you can get away with charging per payslip is £1, therefore the only way to make good money is to do very high volume. High volume payroll is exactly what APIs are best placed to handle and our product and pricing is designed to work for that market”.


Source: TechCrunch

A.I. generated text is supercharging fake news. This is how we fight back

A new A.I. tool is reportedly able to spot passages of text written by algorithm. Here’s why similar systems might prove essential in a world of fake news created by smart machines.

The post A.I. generated text is supercharging fake news. This is how we fight back appeared first on Digital Trends.


Source: Digital trends

Scientists are discovering the secrets behind whole-body DNA regeneration – CNET

A team at Harvard has released a study on panther worms which revealed a regenerative master switch called early growth response, or EGR.
Source: CNET

2020 Cadillac CT5 sedan to debut at New York Auto Show – Roadshow

Cadillac’s starting the slow social-media tease for the car today.
Source: CNET

Lyft’s imminent IPO could value the company at $23B

Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process.

With a $600 million financing, Lyft was valued at $15.1 billion in June.

Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to the public markets, igniting a pricing war ahead of their respected IPOs in a big to impress investors.

Uber’s IPO may top $120 billion, though others have more modestly pegged its initial market cap at around $90 billion. Uber has not made its S-1 paperwork public but is expected to launch its IPO in April.

Lyft has not officially priced its shares. Its S-1 filing indicated a $100 million IPO fundraise, which is typically a placeholder amount for companies preparing for a float. Lyft’s IPO roadshow, or the final stage ahead of an IPO, begins Monday.

San Francisco-based Lyft has raised a total of $5.1 billion in venture capital funding from key stakeholders including the Japanese e-commerce giant Rakuten, which boasts a 13 percent pre-IPO stake, plus General Motors (7.76 percent), Fidelity (7.1 percent), Andreessen Horowitz (6.25 percent) and Alphabet (5.3 percent). Early investors, like seed-stage venture capital firm Floodgate, also stand to reap big returns.

Lyft will trade under the ticker symbol “LYFT.” JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc. are leading the IPO.

Lyft recorded $2.2 billion in revenue in 2018 — more than double 2017’s revenue — on a net loss of $911 million.

Lyft declined to comment.


Source: TechCrunch

Captain Marvel's early suit concepts are way different to the comic – CNET

Concept artist Aleksi Briclot releases early iterations of what Brie Larson’s superhero could have looked like.
Source: CNET

Scientists found a new venomous snake that can strike sideways – CNET

Like other stiletto snakes, this new species can inject venom into prey without even opening its mouth.
Source: CNET

Star Wars Resistance Episode 20: No Escape (Part 2) brings Season 1 to a thrilling end – CNET

The Season 1 finale is out of this world… and might offer a hint of Episode 9.
Source: CNET

PUBG players in India are being arrested just for playing the game – CNET

The mobile battle royale game was banned in the state of Gujarat on March 6, with at least 16 arrests being made thus far.
Source: CNET

Teens using Google Docs as the modern version of passing notes in class

Google Docs is reportedly being used by teens as a secret communications app. Instead of passing notes, students are now using the software’s live chat function or comment boxes to talk with their friends while in the middle of classes.

The post Teens using Google Docs as the modern version of passing notes in class appeared first on Digital Trends.


Source: Digital trends

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