Central (YC S24) automates payroll, benefits, government filings, business insurance, and other back-office work for founders – saving weeks of work and fines. Today, founders face endless back-office chores. They must register for payroll in each state via outdated websites, set up worker's compensation, file statements of information, and more. These tasks take time and distract from finding product-market fit. Worse, many founders, like Nilay Modi, pay thousands in fines each year due to mistakes. With Central, founders don't have to do any of this work. Zero. Central handles everything automatically from start to finish. Need to find or update something? Do it through their website, or simply ask Central's AI bot on Slack. It's like your startup's first head of HR/finance! The Central team, Josh Wymer, Pranav Kashyap, and especially Nilay, understands this pain firsthand. Now, they're on a mission to liberate founders so they can focus on creating value. In less than 18 months, they've served 50+ YC companies and are continuing to grow. Congrats on the launch, Josh, Pranav, and Nilay — and welcome to YC! Learn more: https://lnkd.in/gQ6eHmuC
Glad to be a part of the YC family!
I was looking for a way to increase everyone's salary! This will save me 10 hours per week since that's what I do. I just increase salaries
Automating mundane admin is a great idea
Central is revolutionizing startup back-office management by automating payroll, benefits, and other critical tasks, freeing founders to focus on scaling their companies. This approach not only saves time but also helps avoid costly mistakes and fines, making it invaluable for early-stage ventures. A potential direction for Central could be integrating financial forecasting tools. This addition would provide founders with insights into their financial health and future cash flow, aligning operational efficiency with strategic planning. Both John Kotter and Peter Drucker have highlighted the importance of integrating operational efficiency with strategic foresight, which could elevate Central’s value in the competitive startup ecosystem.
Other functions that seem like no-brainers to add: -Other insurance lines (use Authentic) -Bookkeeping and accounting (use Layer Financial)
Nice!
Actually wrote a newsletter about them a couple of weeks ago :) https://thestartupbreakdown.com/p/back-office-automation-central Central (YC S24)
Brilliant
Wow, that's an aggressive pricing! 😱 Good luck with the next 1,000 iterations! 💪
Thanks YC! Excited to help every founder out there :)