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Last $47.77 USD
Change Today -0.37 / -0.77%
Volume 6.2M
PAYX On Other Exchanges
As of 8:10 PM 10/2/15 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 payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. Services and Products The company offers a portfolio of HCM (human capital management) services and products that allow its clients to meet their payroll and human resource needs. Clients could select services on an á la carte basis or as part of various product bundles. The company’s payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing the company to provide outsourcing services covering the HCM spectrum. The company also offers professional employer organization (PEO) services and provides insurance offerings through the Paychex Insurance Agency, Inc. (PIA) that allow employers to expand their employee benefit offerings. Paychex Flex is the company’s HCM software-as-a-service (SaaS) platform through which the company provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement. Paychex Flex streamlines workforce management through technology and flexible choice of service. The platform uses a single cloud-based platform, with single client and employee records, and single sign-on, including self-service options and mobility applications. The HCM product suite integrates recruiting and applicant tracking, employee onboarding, payroll, employee benefits and human resource administration, time and attendance, performance management, and retirement services. Paychex Flex also provides technology-enabled service, with options that include self-service, a 24/7 dedicated service center, individual payroll specialist, and integrated service through the multi-product service center. In addition, large clients could utilize a relationship manager for personalized service. This platform services the company’s small-business clients, mid-market clients, and its PEO business. The company’s mobile apps are available for iOS and Android tablets and smartphones, and allow its clients and their employees to have full access to its products, offering various capabilities for both the employer and employee. Small-Business Clients The company simplifies their payroll with a combination of its products and customer service for a pay day. Small-business payroll is provided through the company’s core payroll, utilizing its Paychex Flex processing platform, or 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 Payroll, the company’s Internet portal. Paychex Online Payroll offers a suite of self-service and interactive services 24 hours a day, 7 days a week. Both service models offer payroll processing, employee access online, general ledger service to provide payroll information to the client’s general ledger accounting software, and access to its Web-based report center and report writer. The company’s SurePayroll SaaS solution offers ‘do-it-yourself’, self-service and mobile applications for small business. The company’s small-business clients also benefit from its time and attendance products, which allow them to manage the gathering and recording of employee hours worked. Other Paychex solutions, such as the company’s human resource outsourcing solutions are also available for its small-business clients. Mid-Market Clients The company’s mid-market clients are defined as approximately 50 employees and have more complex payroll and employee benefit needs. These clients are serviced through the company’s Paychex Flex Enterprise solution set, which offers an integrated suite of HCM solutions tied together by the Paychex Flex platform, or through its traditional mid-market platform. Clients using Paychex Flex Enterprise are offered a SaaS solution that integrates payroll processing with human resource management, employee benefits administration, time and labor management, applicant tracking and onboarding solutions. Paychex Flex Enterprise allows the company’s mid-market clients to choose the services and softwar


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