What Ipayroll does

iPayroll is a privately held, New Zealand-headquartered cloud-based payroll SaaS provider founded in 2001 by Martin Gleeson. The company delivers a unified payroll platform built specifically for the New Zealand market, handling wages, PAYE tax deductions, KiwiSaver contributions, leave management, and payday filing with Inland Revenue (IRD). It was the first PAYE Intermediary to process payday filing with IR (2019) and the first integration partner with Xero (2006), and holds ISO/IEC 27001:2022 information security certification. Its platform processes over NZ$4.5 billion in gross payroll annually for 'many thousands of employees' across SMB, mid-market, enterprise, and franchise customers, as well as through a Partner Program for accountants, bookkeepers, and other professional service providers.

The platform comprises a core payroll engine with twelve integration partners covering accounting (Xero, MYOB, NetSuite, Workday, NAV), HR (MyHR, Subscribe-HR, enableHR, iDt Group), and time-and-attendance (goRoster, Timecloud, TimeFiler, BundyPlus, Simplifi, Timble, CleverTime). Add-on modules include the Employee Kiosk self-service portal (web and mobile), Online Timelogs, a 50+ report Reporting Suite, HR & Document Management, the Top-up Tool for minimum wage compliance, and iPayroll Giving for in-pay charity donations. The architecture is multi-server with 24/7 monitoring and disaster recovery. The company has wholly-owned Australian subsidiary CloudPayroll, which serves customers with Australian-based staff.

iPayroll generates revenue through monthly subscription fees for payroll processing and per-transaction fees (NZ$0.35) for electronic direct crediting. Pricing is not publicly disclosed and is delivered via direct sales (request callback and free demo) plus a channel partner program. The company is privately held with no disclosed external institutional investors, operates from offices in Auckland, Wellington, and Christchurch, and has between 101 and 250 employees.

Name

Ipayroll

Legal name

iPayroll New Zealand

Website

https://ipayroll.co.nz

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

iPayroll is a privately held New Zealand cloud-based payroll SaaS provider, founded in 2001, serving SMB through enterprise customers with PAYE, KiwiSaver, payday filing, and leave management. It processes over NZ$4.5 billion in annual gross payroll and integrates with Xero and twelve other partners.

Ownership category

akta.pro rank

Product category

Cloud Payroll Software

NAICS

Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)

akta.pro secondary industries

Managed Payroll Services (Full-Service Payroll Outsourcing) (BPAAAHAA), Payroll Systems Administration & Implementation Support (HRIS/Payroll Platforms) (BPAAAHAJ), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

Keywords

• Cloud payroll software
• Payroll processing services
• SaaS payroll platform
• Payday filing compliance
• Employee self-service portal

Headquarters

HQ city

Wellington

HQ country

New Zealand

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payroll Processing Subscription: Subscription-based payroll processing fees for managing employee payroll, tax deductions, and compliance. The company operates as a PAYE Intermediary with Inland Revenue.
2. Bank Transaction Fees: Bank fees charged per transaction at $0.35 per transaction for electronic direct crediting to employee bank accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

iPayroll provides a cloud-based payroll SaaS platform that automates pay calculations, PAYE deductions, KiwiSaver contributions, leave management and payday filing with Inland Revenue for New Zealand employers. The platform includes an employee self-service kiosk, online timesheets, a reporting suite of more than 50 reports, HR and document management, and partner dashboards for accountants and bookkeepers, processing over $4.5 billion in gross payroll annually.

Product overview

iPayroll offers a unified cloud-based payroll platform for New Zealand businesses with the core iPayroll solution handling payroll processing, tax, and compliance. The product portfolio includes the Employee Kiosk self-service module, Payday Filing for IRD compliance, and various add-on features including Timelogs, Reporting Suite (50+ reports), Leave Management, HR Document Management, Top-up Tool for minimum wage compliance, and iPayroll Giving for charity donations. The platform integrates with Xero for accounting and provides a Partner Dashboard for accounting and bookkeeping professionals managing multiple client payrolls.

Differentiator

Problem solved

Functional benefit

Products and services

• iPayroll Cloud Payroll Platform Core cloud-based payroll SaaS that automates pay calculations, PAYE, KiwiSaver, leave management, payday filing and reporting for NZ employers, processing over $4.5 billion in gross payroll annually.
• Employee Kiosk

Quantifiable outcome

• Processing gross payrolls of over $4.5 billion per year
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature11 records

Partnerships

Four partnerships are on record, tiered core.

• XerocoreTechnology or Integration · 1 January 2006In 2006, iPayroll became the first integration partner (connected App) to integrate with Xero. The seamless integration sends General Ledger Postings directly into Xero as authorised accounts payable invoices, which can be reconciled using Xero's Bank Reconciliation. iPayroll can track payroll costs to chart of account codes and assign tracking categories.
• goRostercoreTechnology or IntegrationiPayroll has partnered with goRoster to offer workforce management integration. Automates export of leave and employee hours to iPayroll through the goRoster attendance kiosk, saving time on payroll preparation and providing accurate employee wage cost insights.
• MyHRcoreTechnology or IntegrationMyHR integration with iPayroll improves accuracy, stays compliant, and reduces administration associated with onboarding employees, managing leave requests, and processing leave in payroll. The integration shares Employee Masterfile, leave management, and leave accruals automatically.
• CloudPayrollcoreStrategic or Co-development PartnerAustralian subsidiary of iPayroll operating in the Australian market. For customers needing to pay staff working in Australia, they are referred to CloudPayroll.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Rippling: Unified workforce management platform combining HR, payroll, IT and finance. Increasingly competitive globally for multi-country payroll; relevant peer for iPayroll's enterprise customers evaluating global HCM consolidation.
• Workday: Global enterprise HCM and payroll platform. Threatens iPayroll at the upper end of its customer base (enterprise and multi-entity NZ employers) with broader HR, finance, and global payroll capabilities.
• ADP: Global payroll and HCM incumbent with NZ presence through ADP PayRoll and acquired platforms. Competes on enterprise and multi-country payroll; broader portfolio and scale pose a long-term threat to iPayroll's mid-market customers as they grow.
• MYOB: Major ANZ accounting and business management platform with bundled payroll functionality. Competes with iPayroll indirectly via accounting-led payroll bundling for NZ SMBs, but offers a much broader portfolio beyond payroll.

Direct peers

• PaySauce: New Zealand-born cloud payroll SaaS targeting SMBs and the rural/contractor segment. Closely comparable on geography, customer size, and product surface (payroll, leave, payday filing), and increasingly competitive in the same NZ SMB lane as iPayroll.
• Employment Hero: Australia- and New Zealand-focused cloud payroll and HR SaaS platform serving SMBs and mid-market. Directly comparable to iPayroll in target customer (ANZ employers), core payroll functionality, and subscription model, but with broader HR and benefits scope and stronger venture backing.
• Xero Payroll: Native payroll module inside the Xero accounting platform — iPayroll's deepest integration partner and now also a direct competitor as Xero bundles payroll to NZ SMBs. Highly comparable customer base and pricing surface, with Xero's larger distribution giving it a structural advantage.
• PayGlobal: Trans-Tasman payroll and HR software provider operating in NZ and Australia. Comparable in targeting NZ employers with payroll + HR functionality, and a direct competitor for multi-country payroll opportunities that iPayroll's CloudPayroll subsidiary also addresses.
• Smart Payroll: New Zealand-based cloud payroll provider serving SMB and mid-market employers. Direct competitor in the domestic NZ payroll market with overlapping PAYE/KiwiSaver compliance scope and similar sales-led go-to-market.

Emerging players

• Deel: Global payroll and Employer of Record (EOR) platform. Comparable on global payroll and compliance themes that iPayroll's CloudPayroll subsidiary also addresses; relevant for NZ employers hiring internationally or expanding across borders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ipayroll