653 2 Hours Instead of 16: How Automating Mass Crypto Payments Streamlined Payroll Processing
Find out how we helped a gambling company save 180 hours a year on employee payments.
How a Mass Payout Service for Businesses Cut Payroll Time by 8x
Imagine you’re a sizable company with a team of 370 employees. You manually process payroll in cryptocurrency, taking 16 hours each month and often running into errors and miscalculations. How long would you tolerate this?
The hero of today's story needed a year. How mass crypto payments transformed company processes?
The Challenge
A large company managing multiple brands in the igaming industry came to us seeking a tool to automate bulk payroll in cryptocurrency. With 370 employees, the manual payouts were taking an entire workday for two managers each month.
16 hours lost to inefficiency. While people excel at many tasks, transferring funds to a list of crypto addresses isn’t one of them. Human error meant that some employees received incorrect amounts or missed payments entirely.
The Solution
The company’s executive submitted a request through our website. During the consultation, the first question he asked was if our business wallet included mass payout automation. Hearing that it did, and after learning about the additional product features, he decided to become our client.
The Results
A week after implementing BitHide, we received feedback. Instead of the 16 labor hours previously spent on payroll, they now needed only 2 hours, mainly because blockchain confirmations aren’t instant. Human error was completely eliminated. Unreal? Reality.
Automating financial operations saved the company nearly 170 labor hours a year. This doesn’t even account for the time saved by the executive, who no longer has to oversee and audit the payouts. Every transaction is securely recorded in the transaction history, allowing him to access all the necessary information through a convenient interface with filtering options and customizable columns.
Of course, beyond mass payouts, the client also benefits from a range of advanced features for crypto management, with the added assurance of owning the seed phrase and knowing that their wallet’s IP address is securely concealed.
Visit the BitHide website and request a consultation if you, too, are ready to automate the tedious, repetitive crypto tasks for your business!
