Cloud-based accounting and payroll system GreenSlate has received a minority investment from Veronis Suhler Stevenson (VSS).
Founded in 2004, the New York-headquartered company offers a selection of services for payroll management, production accounting, residual payments, benefits administration, insurance, and tax credit.
Its technology is easy to implement and can help finance teams to streamline and automate their payroll process. The company also offers a GreenSlate Visa Prepaid card which helps businesses to ease expense management and spending.
Through the investment from VSS, the company gain additional resources to accelerate its research and development efforts.
GreenSlate CEO John Finn said, “We see multiple opportunities to further optimize the business of content production and deliver greater efficiency to our clients.
In the years ahead, we will continue to see growth from our geographic expansion to expanding our product set to continuing to support some of the most innovative, highest growth production companies in our industry.”
VSS has previously invested into other human capital management companies including Cast & Crew from 2013 to 2015. The company provides payroll and human resources technology to help businesses streamline these workflows.
Other portfolio companies include talent acquisition company TMP Worldwide, tax incentive consultant Tax Credit, and employee benefits and pension provider Thomsons Online Benefits.
Last month, CoAdvantage Corporation acquired fellow HR and payroll company Remedy Employer Services. Remedy provides local small businesses with a selection of HR services, benefits and payroll tools.
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