Factorial (software company)

Factorial is a technology company that provides human resources software as a service. Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla, the company has offices in Barcelona, Miami, São Paulo, and Mexico City.

Factorial's software includes Absence management features, a Document management system, and built-in analytics. According to Select Software Reviews, Factorial is "devoted to solving the daily challenges of HR teams while placing a strong emphasis on data security."

History
Factorial has seen rapid growth since its founding in 2016. The company's breakthrough success came during the COVID-19 pandemic, when HR professionals were struggling with layoffs and furloughs. Factorial made its software available for free for a period of time while restrictions during the pandemic were in place. This led to new interest from companies that had never used cloud-based services before, and had previously only used manual methods for document management and other HR processes.

Factorial received a Series B investment round of $80 million, followed by a Series C investment round of $120 million in 2022, raising the company's valuation to $1 billion and granting it unicorn status.

Mexico City Office
Factorial opened its Mexico City office in June, 2021 with the goal of helping 500 companies "reduce up to 60 hours a month of repetitive tasks and administrative work" in their HR management in Mexico.

Miami Office
In 2023, Factorial opened its office in Miami to better serve their customers and partners in the region. The choice of location in North America was part of the process of expanding in the US and Canadian markets with products that are localized for these markets. The office is located in the Latitude One office building in Brickell.

Software
Factorial's goal is to provide companies with an "all-in-one" business management platform.

According to Select Software Reviews, Factorial is best suited to "small and medium-sized businesses with many HR processes to streamline. It's specially suitable for organizations with a remote workforce and operations in Europe, the US, or Latin America." The software also includes a downloadable mobile app version.

Factorial offers a complete onboarding process and constant customer support. The software is noted for its user-friendly design and compatibility with other business tools.

Overview
The software is made up of a section for time off management with a team calendar where all absences and upcoming days off are collected and shared with the team, an employee self-service area which is a custom portal where employees can update their personal information, documents, holidays, documents, and events, and a separate dashboard for talent management.

Key features
Factorial's key features include employee onboarding, time tracking software, a paid time off tracker, an organizational chart, payroll, a talent acquisition hub with an applicant tracking system, and much more.

Integrations
Factorial has an API, webhooks, and are Zapier-compatible. The software also has native integrations with Greenhouse, Slack, Google Calendar, Workable.