Compeat Launches Pay Assist, a Managed Service Designed for Restaurant Payroll

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Compeat Pay Assist fills a void in the marketplace giving restaurants the confidence to do in-house payroll at a fraction of the costs of outsourcing.

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"Our customers needed a cost effective option for payroll assistance. Pay Assist was designed to meet this unmet need in the marketplace," said Jeffrey Stone, CEO of Compeat.

Compeat, the most integrated end-to-end restaurant management software for the restaurant industry, has launched Pay Assist managed services. Pay Assist provides a more cost effective, superior option to restaurant payroll outsourced services. Designed specifically for restaurant payroll, Pay Assist supports restaurant’s necessary filings, new hire reporting, federal and state weekly deposits and so much more for substantially less than other outsourced vendors.

“Restaurateurs either spend hours on payroll calculations, keeping up with changing tax regulations, deadlines and filings or pay an enormous amount to outsource payroll. Our customers needed a cost effective option for payroll assistance. Pay Assist was designed to meet this unmet need in the marketplace,” said Jeffrey Stone, CEO of Compeat.

Like all Compeat solutions, Compeat customers drove the design of Pay Assist by sharing their frustrations with outsourced payroll vendors that do not understand the unique complications of restaurant payroll.

“Outsourced payroll companies require the business representative to do the bulk of the work and they provide the service of printing checks and paying payroll tax liabilities. I like to describe it as running a marathon where you run the first 26 miles and then hand it off to the outsourced payroll company to run the remaining .2 of a mile across the finish line, and at a tremendous cost. Compeat Payroll makes it easy to do your own payroll. It also interfaces seamlessly with Compeat Workforce. With a direct poll from your POS payroll data or from Compeat Workforce, a few minor adjustments, the setup of new employees, and a quick review, your payroll is done! A few more clicks and your payroll liabilities are processed as well. With all of the challenges and expenses we face in the restaurant industry, payroll processing should not be one of them,” Amy Witt, CFO of Johnny Garlic's.

Compeat’s two-month beta trial with three customers was completed mid-August with tremendous praise on product features and ease of integration. Compeat Pay Assist is fully integrated with Compeat’s existing restaurant Payroll solution. It is a full turnkey solution for restaurants with the sophistication to handle tip compliance reporting and computing the ways that tips affect minimum wage calculations. Compeat Payroll with Pay Assist gives restaurants full reporting, POS polling, payroll check printing, and local and annual filings and allows restaurants to print W-2’s. Compeat Pay Assist is offered in weekly or quarterly packages.

“Many of our customers were concerned about bringing payroll in-house. Pay Assist answers these concerns by providing our customers with a team of dedicated knowledgeable experts to guide them through the weekly and quarterly process and at a fraction of the cost of outsourcing. On average it can save the average restaurant location approximately $24,000 per year,” said Hemant Challapally, VP of Strategy and Development.

About Compeat
Founded in 2000, Compeat offers innovative cloud-based restaurant management and accounting software that leverages technology to increase control, reduce costs, enhance insight and improve efficiency for restaurant operators. Compeat’s full end-to-end comprehensive solutions portfolio includes Compeat Hire, Labor, Schedule, Payroll, Accounting and Inventory, all fully integrated and designed in-house. For more information, visit http://www.compeat.com

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Jennifer Simmons
Compeat
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