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Last $47.65 USD
Change Today +0.335 / 0.71%
Volume 3.0M
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

911 Panorama Trail South

Rochester, NY 14625

United States

Phone: 585-385-6666


Paychex, Inc. provides integrated payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses in the U.S. and Germany. Services and Products The company offers a portfolio of services and products that allow its clients to meet their payroll and human resource needs. These include payroll processing; payroll tax administration services; employee payment services; regulatory compliance services (new-hire reporting and garnishment processing); Paychex HR services; retirement services administration; insurance services; online HR administration services, including time and attendance and benefit enrollment; and other human resource services and products. Payroll The company’s payroll service includes the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. Its payroll services support the small business market through its core payroll and SurePayroll, Inc. (SurePayroll) products. The company’s core payroll clients could opt for its full-service customer service model through its branch operations or use Paychex Online, its Internet portal, which offers a suite of self-service, interactive services 24 hours a day, 7 days a week. These services include Paychex Online Payroll, Internet Time Sheet, Paychex Online Reports, and General Ledger Reporting Service. Using these services, clients could communicate payroll information, access current and historical payroll information, and transfer payroll information calculated by the company to their general ledger accounting software, eliminating manual entries and improving the accuracy of bookkeeping. In addition, its SurePayroll software-as-a-service (SaaS) solution offers ‘do-it-yourself’, self-service and mobile applications for small business. Mid-market companies are primarily serviced through the company’s major market services (MMS) payroll product. It offers a SaaS solution, through a single, Web-based portal, to meet the payroll and human resource administrative needs of its MMS clients. This allows the company’s mid-market payroll product to be integrated with various Internet-based services offered to assist clients with their administrative human resource and payroll needs through every step of the employee life cycle. Ancillary services primarily beneficial to its MMS clients include the following: Paychex HR Online, the company’s Internet-based human resource management system, offers tools for managing employee benefits, personnel information, and critical human resource compliance and reporting needs. In addition, its self-service features allow for communication between management and employees. BeneTrac, the company’s employee benefits management and administration system, provides its clients a solution for streamlined benefits management. Paychex Time and Labor Online makes the time and attendance process efficient. This solution could reduce time spent on preparing timesheets, minimize redundant data entry, increase awareness of critical labor information, and aid in compliance with federal time recording requirements. Paychex Expense Manager is an integrated expense management solution that allows clients to control discretionary spending while giving employees a tool to prepare and submit expense reports online. Applicant tracking provides the company’s clients with a tool to manage their recruiting process to hire and retain talented employees. MMS clients also have the option to select from various á la carte payroll and human resource ancillary services. Both core and MMS clients could opt for the company’s human resource and payroll outsourcing solution, Paychex HR Services. This flexibility allows its clients to define the solution that meets their particular needs. Payroll Tax Administration Services: The company’s payroll tax administration services (including Taxpay) provide preparation and filing of quarterly and year-end tax returns, as well as the electronic transf


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