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How Skuad helped Nektar.ai automate its payroll process

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Overview

Industry

SaaS

Location

Singapore

Company Size

28 Employees

Founding Year

2020

Skuad partner since 

2021

Overview

Industry

SaaS

Location

Singapore

Company Size

28 Employees

Founding Year

2020

Skuad partner since 

2021

engineers in
🇮🇳 India

people by
December2022

“We are a remote first company and have contractors all over in the SEA region. It was a very manual process for us to pay our contractors individually using the Wise App and then updating information on Xero.”

Problem Statement

Nektar.ai is a Singapore-based B2B sales productivity startup, reimagining the future of modern sales. As they continued to build their distributed team, the manual processes were becoming quite time-consuming and they wanted a solution to automate the entire payroll process.

Skuad's Impact

engineers in
🇮🇳 India

people by
December2022

Automated payments in multiple currencies

Automated payments in multiple currencies

Nektar now seamlessly pays its contractors across 4 different locations — India, Indonesia, Vietnam and the US — through Skuad.

One system for expense management

One system for expense management

The entries in the accounting system are also seamless as the data from individual contractor invoices can be imported in Xero directly.

Skuad's Solution

Skuad decided to onboard all of Nektar’s contractors on its self-serve platform.

Automated invoicing for contractors

Automated invoicing for contractors

The system auto-generates an invoice every single month for these contractors. The consultants can get their expenses approved and reimbursed from the platform itself.

Seamless payroll consolidation

Seamless payroll consolidation

At the end of the month, the system consolidates all the payments to be made, converts it into one single currency and sends a summary to Nektar.

Nektar only makes one single payment, which is distributed by the system to the consultants in local currencies within one business day.

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