Everyset Secures $9M for Revolutionary Background Payroll System
Everyset Raises $9 Million to Transform Background Payroll
Everyset, a pioneer in the entertainment industry, has successfully secured $9 million in funding, aiming to enhance its innovative approach to managing payroll for background performers. This recent funding aims to streamline the payroll process, eliminating the traditional vendor handoffs that often lead to increased costs and delays in film production.
Innovative Solutions for Modern Productions
The funding round was led by Crosslink Capital and Haven Ventures, allowing Everyset to launch its latest integrated payroll solution. Everyset's Background Payroll offers a centralized and SAG-AFTRA approved platform that simplifies the payment process. It automatically calculates overtime, penalties, and premiums earned by background actors, making it a game-changer for productions that rely heavily on accurate and timely payroll management.
Revolutionizing Background Management for the Entertainment Industry
Every set, with its extensive network of over 160,000 union members and millions of workdays annually, faces the daunting task of issuing hundreds to thousands of checks weekly. This translates into significant financial management challenges, especially in large-scale productions. Everyset alleviates these burdens by centralizing time tracking, timecard approvals, and payroll processing, thus enhancing efficiency and accuracy in every project.
The Voices Behind Innovation
Ebrahim Bhaiji, co-founder and CEO of Everyset, highlighted the disparities between technological advancements on-screen and the slower pace of change behind the scenes. He emphasized that their solutions serve as a trusted partner for major studios such as Netflix, Apple TV, and Amazon, facilitating a new era of cost efficiency and digital transformation across the industry.
Streamlined Processes for Studios
With the introduction of Everyset's Background Payroll, studios gain enhanced visibility and control over their operations. This innovation reduces administrative burdens, allowing accountants to review timecards, process payroll, and issue invoices more efficiently. Real-time calculations ensure that any additional fees or costs are accurately accounted for, while built-in compliance maintains adherence to state and federal regulations.
Overcoming Historical Challenges
Rumala Sheikhani, founder of Everyset, noted that traditional payroll processes have long been a patchwork of outdated methods, often resulting in inefficiencies and errors. Everyset aims to bridge this gap by bringing production payroll into the digital age, providing workflows that minimize friction while ensuring that background performers are compensated punctually.
About Everyset
Everyset stands at the forefront of modernizing background performer management. As an all-in-one platform approved by SAG-AFTRA, it offers a reliable solution for managing short-term W2 workers. By empowering studio executives, producers, and accountants, Everyset ensures that the payroll process is managed seamlessly, helping to keep productions on schedule and within budget.
Frequently Asked Questions
What is Everyset?
Everyset is a platform designed to manage background performers in the entertainment industry, streamlining payroll processes.
How much funding has Everyset recently raised?
Everyset has raised $9 million in funding to enhance its Background Payroll solution.
Who are the primary investors in Everyset's funding round?
The funding round was led by Crosslink Capital and Haven Ventures.
What benefits does the Background Payroll solution offer?
The Background Payroll solution offers streamlined processes, compliance, and real-time payroll management for studios, replacing traditional methods.
Which major studios have partnered with Everyset?
Everyset collaborates with notable studios including Netflix, Apple TV, and Amazon, among others.
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