About

Wrapbook provides a digital payroll and production management platform specifically designed for the entertainment industry. It helps film and TV production companies, commercial producers, and other entertainment professionals manage their payroll efficiently and in compliance with industry regulations. The platform allows users to collect timecards through an app, which generates smart timecards based on factors like pay rate and overtime, thus simplifying the payroll process. Users can also upload and store important project documents, making it easier to manage information about cast, crew, and vendors. Wrapbook differentiates itself by offering a cloud-based solution that integrates with popular accounting software like QuickBooks, allowing for seamless financial management and reducing the administrative workload. The goal of Wrapbook is to streamline payroll and production management for its clients, saving them time and effort while ensuring compliance with complex regulations.

Simplify's Take

What believers are saying

• Wrapbook's $100 million Series B financing round, led by Tiger Global Management, underscores strong investor confidence and provides substantial capital for growth.
• Recognition by Forbes as one of America’s Best Startup Employers highlights Wrapbook's positive work environment and strong company culture.
• The launch of new features and a mobile app demonstrates Wrapbook's commitment to innovation and improving user experience.

What critics are saying

• The entertainment payroll market's complexity and regulatory requirements could pose ongoing compliance challenges.
• Rapid expansion and the integration of new features may strain Wrapbook's resources and operational capacity.

What makes Wrapbook unique

• Wrapbook's platform is specifically tailored for the entertainment industry, addressing unique regulatory and administrative challenges that generic payroll solutions do not.
• The integration with popular accounting software like QuickBooks, Sage Intacct, Oracle Netsuite, and Acumatica offers seamless financial management, setting it apart from competitors.
• Wrapbook's recent expansion into cost-management and accounting tools enhances collaboration between production and accounting teams, a feature not commonly found in other payroll platforms.