Paychex

The product is a cloud platform for payroll, human resources, and employee benefits that automates paying employees, managing HR compliance, tracking time and attendance, and administering benefits and insurance. It sells to HR, finance, operations, and executive buyers in businesses ranging from self-employed and small businesses to midsize and enterprise organizations across industries such as hospitality, healthcare, retail, and manufacturing. It is delivered as a software-as-a-service platform with a mobile app and optional service models including HR consulting and a professional employer organization.

Key features

• Payroll services and payroll accuracy
• HR compliance guidance
• Talent management and recruiting
• AI-assisted recruiting and applicant tracking
• Background checks
• Employee onboarding
• Learning management system
• Employee engagement software
• Time and attendance tracking
• Time clocks
• HR analytics and reporting
• Workforce planning
• Benefits administration
• 401(k) and retirement administration
• Health insurance administration
• Workers' compensation insurance
• Business insurance coverage
• Payment processing (cards, ACH, eChecks)
• Expense management
• Tax compliance services