Sep 2018
21
BrightPay wins ‘Payroll Software Product of the Year’
BrightPay was announced the winner of ‘Payroll Software of the Year’ at this year’s AccountingWEB’s Software Excellence Awards. The winner was decided by a public vote held by AccountingWEB, whereby members were asked to rate the software systems that they use to determine the best products on the market.
It’s a great achievement for BrightPay to win this prestigious award, especially since it is a relatively new payroll system which was introduced just six years ago. BrightPay also has a 99% customer satisfaction rate, and is used to process payroll for over 120,000 businesses across the UK and Ireland.
Marketing Manager at BrightPay, Karen Bennett says: “We’re delighted to win this award, especially after coming so close last year. It’s fantastic for BrightPay and our team to be recognised by our customers and the AccountingWEB members, and a massive thank you to everyone who voted for us.”
Paul Byrne, Managing Director, says: “It’s a real pleasure and honour to receive this award. It’s great to see such recognition for all the hard work we have put in. We work hard each year to improve the BrightPay experience for all of our customers, both in terms of the payroll software itself and the customer support that we offer.”
We would like to say a massive thank you to everyone who voted for us this year and to all of our customers. Go team BrightPay!!
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Sep 2018
11
BrightPay secures investment from Hg
We are very excited to announce that BrightPay has secured investment from Hg , a specialist technology investor.
Hg’s structured minority investment strategy, Transition Capital, will fund the investment.
Transition Capital offers privately-owned businesses an attractive alternative to a minority equity sale.
This partnership benefits BrightPay as we can access the experience and support of Hg and its network, whilst retaining voting control of the business.
The Irish market continues to represent our core customer base where we expect to see further growth with the introduction of the PAYE modernisation legislation this coming January. Since we launched in the UK market, just six years ago, we’ve seen our UK customer base grow to an impressive 25,000 customers.
Our payroll software products will automate the tasks involved in the upcoming PAYE modernisation legislation. We have developed user friendly automation features to receive and send the required PAYE information to and from Revenue. Our aim is to target the many employers who are still processing their payroll on manual systems or spreadsheets. At BrightPay, we believe our products offer key automation functionality that can save our customers time and money.
Paul Byrne, Managing Director said:
“Our aim is to establish ourselves as the leading provider of payroll and HR software systems in the UK and Ireland. The combination of Hg’s understanding of the market and our innovative products will help us achieve these goals.”
Hg has many years experience operating in the payroll and HR space. The investment and partnership will allow BrightPay to leverage that expertise to continue to grow our market share in Ireland and the UK. It is fantastic to have a partner that shares our vision for the future and recognises the potential our products have. We’re excited for the future!!
Peter Miholich, Director, Hg, said:
“We have been really impressed by the dedication of the BrightPay team to delivering great software and outstanding service to their customers. We look forward to partnering with Paul, Ross and the team to take BrightPay to the next stage of its development, adding our experience and strong track-record of working with successful businesses in Accounting and Payroll software.”
About BrightPay Software
Established in 1991, BrightPay offers payroll, HR and accounting software products to Irish and UK businesses and accountants. We provide powerful software that is both cost effective and easy to use. Our suite of payroll and HR products save businesses a considerable amount of time by utilising automation and innovative technology. Currently, our products are used by over 120,000 (and counting) businesses across the UK and Ireland. We are a passionate team who strive on the excitement and challenge of continuous growth, improvement and development. Our plans for the future are big! https://www.brightpay.co.uk/
About Hg
Hg is a sector expert investor, committed to helping build ambitious businesses across the technology, services and industrial technology space, primarily in Europe. Deeply resourced sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established position within a niche, and which have the potential to grow faster than their market, create employment and become the leader in their industry. Hg’s dedicated operations innovation team provides practical support to management teams to help them realise their growth ambitions. Based in London and Munich, Hg has funds under management of over £10 billion serving some of the world’s leading institutional and private investors. For further details, please see www.hgcapital.com
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