The first evolution in payroll since the Industrial Revolution
Etch is the first global smart contract based payroll platform that will allow for real time payments of wages
Etch removes layers of business inefficiency; time and cost of payroll, while improving financial security in employees lives.
No duplication of data
Fill in our smart employment contract once.
No need to sign off payroll.
Make money by sharing
the merchant fees with
No need to pay 3rd party
company to run Payroll.
Save money by reducing
Reduce payroll disputes between employer and employee.
Comply with tax
obligations - Deductions locked in a Smart Contract.
Improve cashflow by issuing your own credit on the Etch platform
(subject to credit rating & underwritten by insurance policy)
Remove layers of business inefficiency; time and cost of payroll
Etch is launching in the UK first, with clients in the construction and building facilities market.
We will launch in New York Q3 2018 and Singapore Q4 2018.
Our platform allows businesses in the UK to prepare their records in real time ready for HMRC.
HMRC made simple
|HMRC Requirements||Etch||Traditional Payroll|
|Recorded Employee Pay||Yes||Yes|
|Calculate Deductions (PAYE, NIC, taxes, etc)||Yes||Yes|
|Calculate NI Contributions||Yes||Yes|
|Report Full Payment Submission (FPS)||Yes||Yes|
|Report Employer Payment Summary (EPS)||Yes||Yes|
|Report other types of pay (SSP, maternity, bonuses, etc)||Yes||Yes|
|Report agency contracts, employee authorisation, and payment details||Yes||Yes|
Improved Payroll System
Reduce payment disputes between employer and employee with smart escrow contracts.
Save money by reducing administrative burdens.
Fill our our smart employment contract once - no need to sign off on payroll, and you can confirm worker eligibility to payments via on-site connected digital devices.
|Technical Comparison||Etch||Traditional Payroll|
|Wages paid||Per Second||Weekly/Monthly|
|Remittance paid||Per Second||Not Possible|
|Payroll Reports||Any time||Weekly/Monthly|
|Lifetime Employee Accounts||Yes||No|