Factorial

What Factorial does

Factorial is an AI platform designed to manage teams by unifying and automating time, talent, finance, and payroll processes. Founded in Barcelona in 2016, Factorial aims to reduce time spent on manual administrative tasks, allowing companies to focus on their people. It has grown to serve over one million people across more than 95 countries, offering an all-in-one platform that includes time management, talent, recruitment, expenses, analytics, and document management. The platform leverages AI, notably through its 'One' AI agent, to provide insights, automate tasks, and assist with decision-making in HR, finance, and IT.

Products

• Factorial CoreProvides essential day-to-day tools for team management, including employee directory, onboarding/offboarding, payslip distribution, bulk document sending, legal e-signature, custom notifications, and fillable PDFs.
• Time ManagementTools for managing time off, tracking working hours with geolocation and QR tracking, and shift management with automated, bulk, and rotating shifts.
• Talent ManagementFeatures for performance management (360 reviews, competency tracking), recruitment (multi-job posting, AI CV parsing, killer question templates), and engagement (eNPS insights, team pulse, climate surveys).
• Finance ManagementIncludes project management (associate hours to projects, track expenses within projects), expense management (smart document reading OCR, approval flows, real-time tracking), procurement (centralize purchase requests, approval workflows, vendor management), and payroll integration.
• IT ManagementOffers SaaS management (visibility into software stack, automate access, spot unused licenses), IT inventory (track assets, approval workflows, role-based kits), Multi-OS MDM (secure and manage devices, zero-touch provisioning, security policies), and EDR & Cybersecurity (deploy EDR on enrollment, encryption, always-on security evidence).
• Employee PortalA personalized portal for employees to manage personal information, documents, holidays, absences, and view company events and communications.
• Factorial One (AI Agent)An AI agent that acts as a collaborator, insight-giver, report-creator, and impact-maker, answering questions, co-creating surveys/reports/reviews, and analyzing data for decision-making.
• Factorial CardsPhysical and virtual cards for managing business expenses, allowing setting limits, real-time tracking, and automatic matching of payments to receipts.

Key capabilities

• AI-powered platform for team management
• Unified time, talent, finance, and payroll processes
• Automation of administrative tasks
• Employee Portal for self-service
• Documents and E-Signature capabilities
• Reports & Analytics with AI-driven insights
• Global reach with local expertise
• Mobile app for anytime, anywhere access
• Security and compliance certifications
• Integrations with hundreds of apps and open API
• Onboarding/Offboarding management
• Payslip distribution
• Time Off management with smart validations and custom policies
• Time Tracking with geolocation and QR tracking
• Performance management with 360 reviews and competency tracking
• Shift Management with automated and rotating shifts
• Recruitment with multi-job posting, AI CV parsing, and killer question templates
• Employee Engagement tools
• Project Management with hour and expense tracking
• Expense Management with OCR and approval flows
• Training management with certificate generation and knowledge tests
• Procurement with centralized requests and approval workflows
• SaaS Management for license visibility and access control
• IT Inventory for device tracking and assignment
• Multi-OS MDM for device security and policy enforcement
• EDR & Cybersecurity for endpoint protection
• Applicant Tracking System (ATS) with CV filtering and customizable job ads
• Payroll integration and payslip creation
• Customizable dashboards
• Complaints channel
• Financial workspace for managers
• Smart document scanning for expenses
• Virtual cards for digital wallets

Use cases

• Automating PTO requests, expense approvals, and payroll problems
• Managing core HR processes to free up time for people investment
• Accessing insights and making data-driven decisions in HR and leadership
• Managing time off and tracking working hours for productivity and compliance
• Optimizing shift planning and communication
• Attracting and hiring top talent efficiently
• Improving employee engagement and community building
• Enhancing project management efficiency and strategic decision-making
• Centralizing and tracking company expenses
• Improving workforce skills and fostering continuous learning
• Controlling company spending and empowering employees with approval processes
• Gaining visibility into software stack and reducing waste
• Tracking and managing IT devices and equipment
• Securing and managing company devices and endpoints
• Personalizing recruitment processes and centralizing applicant information
• Centralizing payroll processes and reflecting compensatory changes
• Managing employee time off and personal information through a portal
• Storing and signing company documents digitally
• Monitoring employee attendance and coordinating shift work in construction
• Sourcing candidates for construction work
• Streamlining HR processes for technology companies
• Optimizing processes for marketing and communications companies
• Managing administrative processes and tasks in the healthcare sector
• Streamlining processes and tasks for manufacturing companies
• Automating procedures like payroll and documentation for consultancies
• Reinforcing and streamlining processes for remote work
• Analyzing compensation against market benchmarks
• Automating employee benefit plans
• Simplifying health insurance management
• Centralizing benefits and simplifying payroll

AI approach

Factorial uses AI to power its HR and business management platform, offering features like Smart Hiring, Live Coaching, Auto Scheduling, Admin Automation, and an AI agent named "One." One acts as a collaborator, insight-giver, report-creator, and impact-maker, capable of answering questions, co-creating surveys and reports, analyzing data for patterns, generating job specifications, providing top candidate recommendations, and summarizing CVs. The AI is built into the core of the platform, with permission-based answers and a focus on data privacy.

Tech named: AI-powered OCR

Industries served

• Software Development
• Technology
• Marketing and Communications
• Healthcare
• Manufacturing
• Consulting
• Retail
• Hospitality
• Fintech
• Food and Beverage
• Construction

What it says sets it apart

• AI-first approach with 'One' AI agent for insights and automation
• All-in-one platform unifying HR, finance, and IT processes
• Focus on saving time on manual tasks to prioritize people management
• Global reach with local expertise and tailored support
• Strong emphasis on security and compliance with certifications
• Extensive integration capabilities with marketplace and open API
• Continuous product innovation with weekly launches and updates
• Customizable bundles and flexible pricing plans
• High customer satisfaction with 9/10 clients giving 5-star onboarding
• Significant time savings reported by users (60% of working hours saved)
• Mobile app with high user rating (4.7 from 30,000 users)
• Permission-based answers and data privacy with AI
• Smart spending with Factorial Cards for expense control

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.