Everyset's Innovative $9 Million Fund Boosts Background Payroll Efficiency in Hollywood
Everyset, a pioneering company in the entertainment sector, has successfully raised $9 million in capital aimed at revolutionizing the management of background performers. The funding will help launch Everyset's new product, the Background Payroll system, which promises to streamline payroll processes for production teams. This development comes in response to the convoluted nature of payroll management in the industry, where studios often deal with substantial numbers of checks every week.
The entertainment industry, known for its rapid technological advances on-screen, has historically lagged in adopting sophisticated backend solutions. Ebrahim Bhaiji, co-founder and CEO of Everyset, acknowledges this delay, stating, "The entertainment industry has always embraced innovation on screen, but the evolution has been slower behind the scenes, especially when it comes to production and payroll technology." With this funding boost, Everyset aims to provide studios with a more integrated and efficient payroll platform.
The Background Payroll system will be fully integrated and designed to eliminate vendor handoffs while drastically reducing administrative burdens. By centralizing time tracking, approval processes, and payroll management into one platform, Everyset allows studio accountants to manage their workflow seamlessly. Every set of timecards can be reviewed, processed for payroll, and invoices sent out—all in a single sitting, thereby accelerating operations and reducing the potential for errors.
Furthermore, the platform addresses specific issues related to union regulations, such as SAG-AFTRA, ensuring that over 160,000 union members are effectively managed under the evolving rules and requirements of the industry.
The sheer volume of background workers on-set presents a significant challenge; studios may issue up to 1,200 checks weekly for a single production. The complexity of managing accurate payments and adherence to union regulations has made this process cumbersome and error-prone—until now. With Everyset's innovative solution, payroll accuracy will be achieved on-demand, as the system automatically calculates overtime, penalties, and wages meticulously.
Gone are the days of deciphering a patchwork of paper slips and disconnected spreadsheets used for tracking payroll. Rumala Sheikhani, Founder of Everyset, emphasizes that previous attempts to digitize payroll management were often hindered by hesitance and the sheer complexity involved. Yet, this new approach is designed to close that gap and usher the industry into a seamless digital payroll era.
As productions look to realize cost-efficiency in light of tightening budgets, Everyset is stepping in to help keep the focus where it belongs—on storytelling. With their background management tools, studios can now concentrate more on creativity rather than the intricacies of administrative tasks, allowing them to complete projects on time and on budget.
Everyset is committed to modernizing background performer management through its all-in-one solution, offering substantial savings of both time and money while maintaining compliance with all relevant regulations. By cutting out unnecessary delays and facilitating better communication among team members, Everyset is positioning itself as not just a service provider, but as a crucial partner in the creative process.
For more information and to explore how Everyset is redefining the management of background performers, visit their website at www.everyset.com/products/background-payroll.
In conclusion, Everyset's innovative approach marks a significant advancement in the entertainment industry. By integrating technology into payroll processes that have long relied on outdated manual systems, they are poised to transform how background performer payroll is handled, potentially setting new industry standards in the process.
The entertainment industry, known for its rapid technological advances on-screen, has historically lagged in adopting sophisticated backend solutions. Ebrahim Bhaiji, co-founder and CEO of Everyset, acknowledges this delay, stating, "The entertainment industry has always embraced innovation on screen, but the evolution has been slower behind the scenes, especially when it comes to production and payroll technology." With this funding boost, Everyset aims to provide studios with a more integrated and efficient payroll platform.
The Background Payroll system will be fully integrated and designed to eliminate vendor handoffs while drastically reducing administrative burdens. By centralizing time tracking, approval processes, and payroll management into one platform, Everyset allows studio accountants to manage their workflow seamlessly. Every set of timecards can be reviewed, processed for payroll, and invoices sent out—all in a single sitting, thereby accelerating operations and reducing the potential for errors.
Furthermore, the platform addresses specific issues related to union regulations, such as SAG-AFTRA, ensuring that over 160,000 union members are effectively managed under the evolving rules and requirements of the industry.
The sheer volume of background workers on-set presents a significant challenge; studios may issue up to 1,200 checks weekly for a single production. The complexity of managing accurate payments and adherence to union regulations has made this process cumbersome and error-prone—until now. With Everyset's innovative solution, payroll accuracy will be achieved on-demand, as the system automatically calculates overtime, penalties, and wages meticulously.
Gone are the days of deciphering a patchwork of paper slips and disconnected spreadsheets used for tracking payroll. Rumala Sheikhani, Founder of Everyset, emphasizes that previous attempts to digitize payroll management were often hindered by hesitance and the sheer complexity involved. Yet, this new approach is designed to close that gap and usher the industry into a seamless digital payroll era.
As productions look to realize cost-efficiency in light of tightening budgets, Everyset is stepping in to help keep the focus where it belongs—on storytelling. With their background management tools, studios can now concentrate more on creativity rather than the intricacies of administrative tasks, allowing them to complete projects on time and on budget.
Everyset is committed to modernizing background performer management through its all-in-one solution, offering substantial savings of both time and money while maintaining compliance with all relevant regulations. By cutting out unnecessary delays and facilitating better communication among team members, Everyset is positioning itself as not just a service provider, but as a crucial partner in the creative process.
For more information and to explore how Everyset is redefining the management of background performers, visit their website at www.everyset.com/products/background-payroll.
In conclusion, Everyset's innovative approach marks a significant advancement in the entertainment industry. By integrating technology into payroll processes that have long relied on outdated manual systems, they are poised to transform how background performer payroll is handled, potentially setting new industry standards in the process.
Topics Entertainment & Media）
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