A short transcript excerpt from a December 30, 2023 YouTube discussion (Jason M. Lemkin) comparing integrated/compound platforms like Rippling to point solutions such as Deel or Remote. The speakers argue that point solutions often lack a native global payroll foundation and instead rely on country-by-country payroll systems, creating a weak product foundation and additional problems for customers.
What are the advantages? Or why would I go with a company like Rippling, where I'm one of 22 SKUs that you're focused on, versus a point solution that's potentially a big company, a deal or Remote, something like that? That is more of a point solution that already exists in this space.
And I think it's actually because of the ways that we can simplify the problem for you by being a compound company. And in fact, many of the problems with those systems relate to this central original sin that they have, which is that companies like Deal and like Remote actually have not built underlying global payroll or payroll really of any kind. And so those companies are sort of secretly running on other payroll systems country by country. And so the problems that you have as a company, if you're using one of them, is first, that it's a very poor foundation to build on from a product perspective.
