Payroll services are evolving and Payroll Vault’s Sean Manning is changing history as we know it. With better benefit packages, clear scheduling, and leveraging technology for your business goals, Payroll Vault is on the rise to make payroll for people again. Is there more to the CEO beyond the company figurehead? How can you make your employees happier? Ditch your current corporate payroll model and switch to Payroll Vault. It’s the future.
We’re in the offices of Sean Manning. He is the CEO of Payroll Vault. Sean, welcome to the podcast.
Thanks, Bob.
Sean, tell us a little bit about your business and who you serve.
The payroll industry is a little bit unique that there are not a whole lot of national brands that bring a localized payroll service to business owners. Payroll Vault is a localized concept for payroll services with a national footprint that basically helps small business owners be more successful in managing their people and their payroll processes in order for them to be more successful in running their business and really helping to manage their people to make them happier. Payroll Vault’s an organizational franchise system that is designed to be the number one alternative to the corporate model of payroll services and bring it local and responsive to business owners.
You own a CPA firm as well. For you, what was the genesis of the thought process behind Payroll Vault?
In having a CPA firm, our focus there was also small business. We did accounting, tax, and a little bit of payroll consulting to business owners. I love the advice end of working with business owners when you open up to them and ask them, “What do you need? How can I help you? What’s your biggest need?” It was funny because payroll service technology, how to be a better business owner, always came to the top. After about fifteen or twenty years of organically growing that payroll, we said this is a bigger need. We need to absolutely create a new brand, find a way to better serve, and bring all the tools together since we have HR tools, we have a workmen’s comp, we have time clock tools, all electronic delivery, paperless environment, to help business owners be more successful. Payroll Vault’s basically sprung out of a need from the accounting firm in order to service our clients better.
Once we rebranded, it took off in the local market. That led to a lot of new opportunity with helping other accounting firms possibly consider that type of service. A lot of national speaking, a lot of education, brought us forward in regard to the opportunity to help others tap into this market and service their clients better. That directly led us into franchising, so we can basically offer everything we can to a person that wants to service that need, that payroll service need, that is growing. Compliance is getting a lot more complicated. Federal level’s pretty complicated, but actually the state level is where things are accelerating for business owners to stay compliant with payroll laws. You can see the migration that happens when you own a business like an accounting firm and really identify a need for payroll services and then create a brand and a system that can help them.
One of the things as you said, “We rebranded at some point.”
I believe in business, you have to have a very focused thought process. Although we actually were doing payroll services for about 80 companies, small businesses at the time when we rebranded, but when you rebrand, you identify as to who you are and how you serve. The minute we created a sister company under the brand Payroll Vault, people identified with what that was more...
