Eli Polanco outlines four pillars for modern payroll: speed for fast fund collection and on-demand payouts, digitization to replace paper checks, security against fraud, and flexibility for diverse employee needs. Together they create a more efficient and trustworthy payroll system.
We specifically focus on integrating payment experiences into payroll systems, and we focus on 4 things that we want to enable. One is speed, from how you collect money from your clients, whether it's for tax withholding or to ultimately pay out paychecks or to get your bill every month. We want to make sure you can collect fast. On the employee side, making sure that folks can get paid as fast as they want. We want to make payments digital. So, you know, we want to move to a world beyond checks. We want to move to a world where regardless of where you are, you can access the money and move money. So that's the second pillar. The third and really important one at Payroll is secure. We want to make sure there's no fraud and there's security for the payment. It goes to where it needs to go and there's no kind of interloper fraudster diverting the money, you know, to where it needs to go. And fourth is flexibility, which is really important these days to really create good experiences for your Science.
