DEBUG: PAGE=domain, TITLE=Multi-Process & Cloud HR Services,ID=1421,TEMPLATE=subprogram
toggle expanded view
programcode = HRSMHR
programid = 169
database = t
alerts = t
neat = t
vendors = t
forecasting = t
confidence = t
definitions = t

Search within: Multi-Process & Cloud HR Services:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Multi-Process & Cloud HR Services

Track the pattern of service adoption by monitoring Multi-Process & Cloud HR Services contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = t -- IGNORED

Confidence Index:

for Multi-Process & Cloud HR Services

NelsonHall Confidence Index is a quarterly survey to measure changing levels of business confidence within HR Technology & Services

Join NelsonHall HR Technology & Services Confidence Index:

Every quarter NelsonHall publishes the NelsonHall HR Technology & Services Confidence Index, a Quarterly Index of Confidence that monitors changes in industry confidence in the global Multi-Process & Cloud HR Services market.

For a sample report and details of how to join NelsonHall's HR Technology & Services Confidence Index, please contact us

Paychex - Payroll Services

Vendor Analysis

by Elizabeth Rennie

published on Aug 09, 2024

Access to this report is restricted to logged in clients with access. Login to get full access

Report Overview:

This NelsonHall vendor assessment analyzes Paychex's offerings and capabilities in Payroll Services

Who is this Report for:

NelsonHall’s Payroll Services profile on Paychex is a comprehensive assessment of Paychex’s offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the Payroll Services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Paychex’s Payroll Services offerings and capabilities, and market and financial strengths, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery centers.

Key Findings & Highlights:

Paychex (NASDAQ: PAYX) provides integrated human capital management solutions built on a payroll foundation, offering HR, benefits, and insurance services for small and mid-sized businesses. It primarily supports the U.S. market and select countries of Northern Europe. Paychex brings ~50 years of experience in delivering payroll and benefits for the SME market, and its offerings are enabled through its proprietary HCM technology, including:

  • HR outsourcing services (HR, payroll, benefits for the U.S. and some European markets)
  • PEO services (U.S. co-employment)
  • Retirement planning services (U.S. only)
  • Insurance services (U.S. only).

The company employs ~16k employees and supports ~740k clients, mainly SMEs (organizations with up to 1k employees). It pays ~11m employees, handling payments to every 12th private sector employee in the U.S. Its U.S. proprietary technology is Paychex Flex. It supports ~3m monthly users on a hybrid cloud infrastructure offering HR and payroll functionality.

Login to get full access:

close