PaySauce Update: COVID-19 Response

PaySauce Update: COVID-19  
Response  
Wellington, New Zealand - 20 March 2020  
 
Employment solutions provider PaySauce (NZX: PYS) announces an anticipated  
delay on their international expansion as a result of the emerging global health  
crisis. In response to the rapidly changing situation, including travel restrictions,  
PaySauce expects to delay its plans to enter the Irish market. The remainder of  
the company’s established strategy remains unchanged and on track.  
 
PaySauce also recently took the opportunity to test its Business Continuity Plan,  
and this has now been fully implemented, with all staff working from home  
unless there is a compelling reason to visit the workplace. PaySauce CEO Asantha  
Wijeyeratne says this was a straightforward decision to protect the well-being of  
the PaySauce team, their families and communities. “Our people are always our  
first concern, and as a cloud-based business, we’re able to prioritise the safety of  
our staff without creating any disruptions for our customers.”   
COO Mathew Stokes expressed confidence that PaySauce will continue to run  
smoothly as a remote workplace. “This is a challenging time for small business  
employers, and now more than ever, we’re committed to providing them with the  
highest standard of support. We’re aware that many other Kiwi businesses will be  
seeking to adapt urgently as the situation escalates, and we’re prepared to help  
them implement a cloud-based payroll solution to keep this essential business  
function running.”  
 
PaySauce has also taken decisive steps to ensure the company adheres to New  
Zealand’s international travel ban, as well as cancelling all non-essential domestic  
travel. Management are leveraging cloud-based communication tools to keep  
the team connected and informed, including sharing resources from essential  
sources such as the Ministry of Health.  
 
ENDS  
 
 
 
ABOUT PAYSAUCE  
 
PaySauce is software at work for people, providing employment solutions to small  
and medium-sized businesses. PaySauce enables business owners to pay and  
manage employees accurately and efficiently using the web, iOS, and Android  

applications. The PaySauce platform includes mobile timesheets, payroll  
calculations, banking integration, PAYE filing, labour costing, automated general  
ledger entries and digital employment contracts.  
www.paysauce.com  
 
CONTACT  
Please direct any investment queries to investor@paysauce.com.