The bodily safety trade, valued at $50 billion within the U.S., has lengthy grappled with fragmented operational methods that create pointless complexity in important duties like scheduling, payroll, and area operations. Safety guard providers corporations, managing over a million officers throughout 8,000 companies nationwide, face distinctive challenges in aligning advanced consumer contracts with officer schedules, pay charges, and compliance necessities. Belfry has emerged as a transformative pressure on this house, providing an all-in-one platform that consolidates vital features right into a single, built-in resolution. Their complete suite contains the trade’s solely totally embedded payroll system that transforms timesheets into payroll in simply three clicks, whereas additionally offering good scheduling instruments, real-time dashboards, and an intuitive cellular app for safety officers. The platform’s influence is already evident, with clients reporting important enhancements in operational effectivity, together with 50% reductions in extra time and eight+ hours saved weekly on administrative duties.
AlleyWatch caught up with Belfry Cofounder and CEO Jordan Wallach to study extra in regards to the inspiration for the enterprise, the corporate’s strategic plans, current spherical of funding, and far, rather more…
Who have been your buyers and the way a lot did you elevate?We raised $12M in a Collection A funding spherical led by Base10 Companions with participation from earlier buyers Bienville Capital and Aglaé Ventures. This brings Belfry’s complete funding to $20M.
Inform us in regards to the services or products that Belfry affords.
Belfry affords an all-in-one platform designed to simplify operations and enhance effectivity for safety guard providers corporations.
Traditionally, personal safety companies have struggled with piecing collectively operations with software program instruments that don’t combine nicely, creating pointless complexity in important duties like scheduling, payroll, and operations.
Our complete suite contains all elements of the each day workflow for safety groups. It automates timecard critiques, gives alerts for discrepancies between timecards and schedules, and facilitates correct, automated invoicing with easy ACH and bank card processing. Moreover, Belfry permits direct deposit payroll and tax filings with out the necessity for third-party software program—it is a large plus as lots of our rivals require third-party integrations for payroll.
We additionally provide an intuitive cellular app that may be a game-changer for safety officers, permitting them to clock-in/out, write and submit incident reviews, handle advantages, request day without work, view schedules, choose up open shifts seamlessly, and extra.
Our crew constructed Belfry with the insights of trade specialists to ship an answer that addresses actual operational ache factors whereas empowering corporations to give attention to their core mission: supporting workers and serving shoppers.
What impressed the beginning of Belfry?
My cofounder, Alex Tulenko, and I’ve a deep ardour for constructing software program for the industries and other people which are vital to our nation’s infrastructure, but are traditionally underserved by know-how.The inspiration for Belfry got here from the operational challenges we noticed in safety guard providers. Managing a small back-office crew answerable for a a lot bigger area workforce is an uphill battle. These companies deserve higher instruments and fewer administrative complications.
Belfry was born out of this mission—to empower safety corporations to function effectively, drive profitability, and give attention to what issues most.
How is Belfry completely different?
Belfry stands out in a number of methods, however our payroll module is a key differentiator. Safety companies handle advanced consumer contracts, the place officer pay charges fluctuate by consumer, location, time of day, and many others.—even for a similar worker. Belfry simplifies this by seamlessly aligning officer pay with contract phrases, together with vacation pay, extra time, and different nuances.
We’re the one platform within the house that utterly handles payroll tax remittance and filings, direct deposit to workers, day without work monitoring, advantages administration, ACA compliance, and extra, all inside our platform. Rivals depend on third-party integrations for these features, including pointless friction for patrons.
On prime of our platform options, we offer guided onboarding to make sure the transition from fragmented legacy methods to our all-in-one platform is seamless. We ship greater than a product, we offer the instruments and providers for our clients to get essentially the most from their funding.
What market does Belfry goal and the way huge is it?
Belfry serves the safety guard safety market, a $50 billion trade within the U.S. with roughly 8,000 companies using over a million safety officers.
Our platform helps each the back-end workplace operations (e.g., payroll, advantages administration, scheduling, timekeeping, billing, and many others.) and the safety officers themselves. Officers use our cellular app to finish duties like clocking out and in, recording and submitting incident reviews, and monitoring GPS areas.
What’s your corporation mannequin?
Belfry operates on a subscription mannequin, charging its clients on a per-employee, per-month foundation.
What elements about your corporation led your buyers to jot down the examine?
Our buyers have been drawn to the power of our product-market match, the experience of our crew, and the measurable influence Belfry is already having on the trade.
From the beginning, we targeted on deeply understanding the distinctive challenges of our goal market with steerage from a stellar group of trade advisors. This research-driven strategy allowed us to construct a product that resonates with—and most significantly—helps our clients.
Our means to display early traction, backed by promising development forecasts solidified investor confidence in Belfry’s potential.
What recommendation are you able to provide corporations in New York that shouldn’t have a contemporary injection of capital within the financial institution?
Focus in your buyer! Construct your corporation round fixing their hardest issues and the capital will comply with.
The place do you see the corporate going within the close to time period?
We’re excited to proceed increasing our platform and addressing extra operational ache factors for the safety guard providers trade.Within the close to time period, the funding will gasoline hiring efforts of prime expertise throughout product and engineering, buyer expertise, gross sales and advertising, and operations. Rising our crew measurement by 50% will allow us to scale and improve our choices quicker.
What’s your favourite winter vacation spot in and across the metropolis?
Watching Rangers hockey at Madison Sq. Backyard!
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