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Payroll Partners

Payroll Partners. Thora Ostvig. Overview. Eight-year-old company Proven niche in the region Proprietary software for transmitting payroll information Proven track record of profitability Client base of 650 companies. Our Company Niche. Our Software. Fully owned with exclusive rights

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Payroll Partners

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  1. Payroll Partners Thora Ostvig

  2. Overview • Eight-year-old company • Proven niche in the region • Proprietary software for transmitting payroll information • Proven track record of profitability • Client base of 650 companies

  3. Our Company Niche

  4. Our Software • Fully owned with exclusive rights • Allows customers to send data via modem • Customers use software free of charge • Software allows enhances per minute payroll processing revenue • Typical is $8 per minute in the industry • Ours is $2500 per minute

  5. Industry Outlook • Biggest company in this industry: $3 billion in annual sales • Overall payroll processing industry is $12 billion annually • Projected to be $27 billion by 2005

  6. Price • Value of companies • Bookkeeping businesses (50% of annual sales) • Accountancy firms (100% of annual sales) • Value of our company: half way between or 75% of annual sales • Asking price $380,000

  7. Financials

  8. What We Offer • Earn-out guarantees • Financing • Current employee retention • Exclusive rights to proprietary software

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