UAE’s Bayzat: The Free Platform For HR, Payroll and Employee Benefits | MENA startups, innovation, and tech news

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UAE’s Bayzat: The Free Platform For HR, Payroll and Employee Benefits
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UAE’s Bayzat: The Free Platform For HR, Payroll and Employee Benefits

UAE-basedBayzat provides a free platform for automated HR, payroll, employee benefits, and insurance for all businesses. Bayzat works towards enhancing the employee experience of 70% of SMEs in the UAE that don't have HR automation in place. The team builds technology-enabled experiences that meet the challenges faced by its customers.

Founders

Talal Bayaa, CEO and Co-founder- As CEO, Bayaa is responsible for providing the vision, overall leadership, and strategic management for the company along with ensuring the highest quality of the services provided. Before Bayzat, Talal worked for private equity & corporate finance firm, followed by two years at an investment bank. Brian Habibi, Co-founder- Brian was a marketing manager at QualPro Limited prior to working at Bayzat.

Founded Date

2011

Headquarters Regions

Gulf Cooperation Council (GCC)

Company Type

For-Profit

Total Funding Amount

$31 million

Let’s get a look at the services offered by Bayzat:

 HR Software

How Bayzat makes HR and payroll work for you- Bayzat syncs your HR data with payroll so that you do not have to manually enter data such as overtime and expenses. Manage time off your way with full control to customize Bayzat’s software to fit your company’s leave policy. Through the Bayzat app, get to know your employees are on time wherever they are, with smart tech that allows employees to check-in. You have the control to create and communicate work shifts that will avoid schedule conflicts and track staff attendance or absences. Centralizing and accessing important employee documents has never been this easy for you and your employees!

 Insurance

Bayzat collaborates with leading health insurance providers such as MetLife, AXA Insurance, Oman Insurance Company, and MEDGULF, among others, to give your business the right UAE medical insurance plan. With Bayzat, you and your employees get to access your group insurance policy like never before. This is how Bayzat assists you with insurance- Bayzat makes additions and deletions easy, giving you real flexibility, while their OCR tech automatically extracts the information needed from your documents. You can even download your medical insurance certificate directly from their platform.

Their app makes it easier to submit a medical insurance claim. And once submitted, a dedicated member of their team guides you through the process, finding and fighting for the best outcome. You can stay up to date with policy details, financial standing, pending requests, key contacts, and upcoming expiries, at Bayzat. You will get a clear overview of all your insurance admin including medical claims, additions, and deletions.

 Payroll

Bayzat is the platform that helps you save time, stop errors, improve security, and have access to pay records anytime, anywhere. Their tech ensures easy, frictionless payroll processing. They generate and distribute payslips at the end of every month with any variations, additions, or deductions automatically
calculated ready for your approval. With no paper trail and full control over pending reimbursements, Bayzat helps you keep track of expenses and repayments across your business in UAE.

 Employee Benefits

With Bayzat, your team gets unparalleled access to work, finance, and medical benefits designed to boost their productivity, wellbeing, and loyalty and to make your employee experience world-class. Bayzat helps you make your team feel better about their health by giving them the best insurance policy. Bayzat team puts the power to search symptoms, clinics, and make claims in their hands. Through their app, employees will be able to manage their records, check-in and out of work, keep an eye on their shifts, request time off, access their payslips, and much more.

Investors

Vostok, Beco Capital, MSA, Bluestone, Endeavor Catalyst, Autotech, Oman Tech Fund, Arzan VC, Sawari Ventures, DiGAME, Silicon Badia, Raed Ventures, Michael Lahyani, Dash Ventures, Emilian Popa, Esther Dyson, Onsisawaris and Africa legal network.

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