The change of name from InPayTech to wrkr was triggered by the merger of InPayTech with Comply Path, a regulation compliance technology business that started within PwC Australia.
"The new brand defines our focus on every Australian worker, making simple the often complex 'moments of compliance' during a person's working life," said wrkr CEO Trent Lund.
"As Australia emerges out of lockdown, employers are being met with a myriad of national compliance reforms. wrkr solves compliance and payments issues for businesses and their workers.
"Recent government reforms, such as new stapling requirements of the Your Future, Your Super rules and other increasing workforce compliance demands have been further accelerated as we come out of the Covid crisis."
wrkr CTO Joe Brasacchio said "Our customers can offer a compliant and rich onboarding experience to their employees and gig workers. These customers are benefiting from a 70% reduction in cost and savings of more than 7 hours per new worker that is onboarded using the wrkr Ready solution."
"Improving the worker experience and compliance at the source sets up our customers with improved data quality for further efficiency in downstream processing. This is where our wrkr Pay solution kicks in – it integrates into our customers' existing payroll process for a one stop shop for payment of wages, Single Touch Payroll reporting to the ATO, Superannuation Guarantee payments and other entitlement processing.
"Our customers can present a great first impression to their workers via a branded and contemporary user experience, all while having security checks within the solution to best defend them from many workforce risks."
wrkr currently serves 70,000 employers, 20,000 SMSFs, four of Australia's largest superannuation funds, and a number of advisors and accounting firms
The other members of wrkr's executive team are commercial director Jean-Paul Seow, head of growth Greg Tonner and CFO Karen Gilmour.