Rivvi

It used to be that the payroll department needed time to make sure everybody’s pay was accurate, then to send money to their payroll provider who could then do all the payroll calculations and deposit your pay to your account. \n\nBut as consumer behaviour has shifted with the growth of everything being available on demand, payroll has failed to adapt with our expectations. More and more, people have bills that are due on a regular basis and with the impact of COVID-19, need to pay in advance for items they are ordering online.\n\nMeanwhile, businesses are spending billions of dollars a year on administering payroll, from checking timesheets, calculating hours, entering duplicate data between multiple software programs and double checking everything to ensure there are no mistakes. Even after spending all this time and money to get it right, businesses pay billions more in penalties for errors and omissions caused in their ‘meticulous’ payroll process.\n\nRivvi is disrupting payroll with our perspective on a payroll platform that automates the entire payroll process and ensures 100% compliance. In addition, we enable employees to choose their own payday, allowing them to align their pay with their own personal circumstances and not being forced to access short term payday loan services. Our mission is to help workers ultimately live better lives.\n\nRivvi was born out of my own experience as a business owner and management consultant, working with numerous multi-national companies such as McDonalds, Wal-Mart, Best Buy, Target, Starbucks, and more. I saw first-hand how much time and money was wasted in the payroll process. So many errors were caused unknowingly which not only ended up costing the business more money to correct, all of this had such a huge impact on employees that got paid incorrectly. \n\nWhy do we need so many people to perform manual processes and check things that waste so much time, when we could use technology to automate those manual processes?