PayGlobal chief executive Hugh Martyn says the payroll software specialist expects to add 20 per cent to revenues in the next year from its new product, Exolvo.
PayGlobal's Wellington shareholders, Infratil and No8 Ventures control the company with about 98 per cent of PayGlobal's shares. Infratil has about two-thirds and No8 about a third of the shares.
The Exolvo software was designed to improve a company's workflow and give employees a stronger decision-making process.
Sales to new and existing clients began this week.
"We would be expecting this to lift our revenues in the order of 20 per cent over a year," Mr Martyn said.
Exolvo had been developed in response to trends in the human resources information systems market and the availability of new technology. PayGlobal had also looked at gaps in the marketplace, he said.
The package utilised Microsoft .NET4 technology offering workflow capabilities which helped organisations reduce operational expenses and assist them to better analyse where their costs were.
The software was designed to allow companies to reduce a paper trail which followed workflow orders through the business. It also aimed at the reduction of losses or delays of work through a complex paper-based process, and for companies to meet compliance requirements.
"It automates paper-based systems, plus it's smart. So you can ask the system to have decision points put in – and it will make a decision on where to send something depending on things you've pre-loaded," Mr Martyn said.
"It does allow a lot more functionality to be delivered to clients... this basically automates all [the paperwork]. So it's very powerful."
Company employees had more control over work processes.
"They can direct the process, and see where it's up to rather than go to head office and all those sorts of things."