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Industry
SaaS
Location
Singapore
Company Size
28 Employees
Founding Year
2020
Skuad partner since
2021
Industry
SaaS
Location
Singapore
Company Size
28 Employees
Founding Year
2020
Skuad partner since
2021
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“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.”
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.
Nektar now seamlessly pays its contractors across 4 different locations — India, Indonesia, Vietnam and the US — through Skuad.
The entries in the accounting system are also seamless as the data from individual contractor invoices can be imported in Xero directly.
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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.
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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