Company Overview

About Factorial

Factorial Details

Founded

2016

Revenue

$15M

Funding

$300M

Team Size

1.6K

What SIA Thinks

Factorial is designed to help businesses streamline their human resources and payroll operations, making life easier for HR professionals and employees alike. At its core, Factorial aims to simplify complex HR tasks, allowing teams to focus more on people and less on paperwork.

The software brings together various HR functions into one cohesive platform. From managing employee records to tracking time off and overseeing payroll, Factorial covers a wide range of essential HR activities. This means you can handle everything from hiring new staff to processing paychecks, all within a single, user-friendly interface.

One key feature of Factorial is its emphasis on automation. For example, it can automate repetitive tasks like approving vacation requests or sending out reminders for employee evaluations. This not only saves time but also minimizes the chances of human error. The software also offers insightful reporting tools, providing valuable data on workforce trends and performance metrics to help you make informed decisions.

Another aspect that sets Factorial apart is its commitment to user experience. The platform is intuitively designed to be accessible even for those who might not be tech-savvy. A clean, straightforward dashboard makes navigation simple, allowing users to quickly find the tools and information they need.

Compliance is another area where Factorial excels. The software helps ensure that your company adheres to existing laws and regulations concerning labor, taxes, and data protection. This can be especially useful for businesses operating in multiple regions with differing legal requirements.

Additionally, Factorial is scalable, accommodating businesses whether they are small startups or larger enterprises. As your company grows, the software can adapt to your changing needs without requiring extensive reconfiguration.

In summary, Factorial aims to take the hassle out of HR management by providing a comprehensive, easy-to-use solution for everyday human resources and payroll tasks. It focuses on automation, user experience, and compliance to help businesses run more smoothly and efficiently.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • User-friendly interface
  • Comprehensive HR tools
  • Affordable pricing
  • Time-saving features
  • Efficient onboarding
  • Affordable pricing
  • Time-saving features
  • HR management tools
  • Integration options
  • User-friendly interface

Cons

  • Basic reporting
  • Limited integrations
  • Small company focus
  • Needs internet access
  • Limited customization
  • Feature-limited free version
  • Basic plan restrictions
  • Limited custom reports
  • Customer support delays
  • Complex setup

Reviews

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