{"id":451003,"date":"2021-03-04T11:05:35","date_gmt":"2021-03-04T16:05:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451003"},"modified":"2021-03-04T11:05:35","modified_gmt":"2021-03-04T16:05:35","slug":"paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\/","title":{"rendered":"Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">ROCHESTER, N.Y.<\/span>, <span class=\"xn-chron\">March 4, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0The COVID-19 pandemic has accelerated technology adoption, presented new challenges, and changed how, where, and when work gets done. To help address these, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=3551719525&amp;u=https%3A%2F%2Fwww.paychex.com%2F%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=Paychex%2C+Inc.\" rel=\"nofollow noopener noreferrer\">Paychex, Inc.<\/a>, the HR software and services company that provides the power of simplicity for increasingly complex workplaces, announced several enhancements to its analytics offering in Paychex Flex<sup>\u00ae<\/sup>, the company&#8217;s cloud-based HR technology platform. Paychex also included a new retirement services solution and a pair of integrations to help customers streamline workforce and cash flow management in this past quarter&#8217;s software release.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1449795\/Paychex_Flex.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1449795\/Paychex_Flex.jpg\" title=\"In its most recent Paychex Flex release, Paychex introduced a Diversity and Equal Pay Live Report, giving users the ability to analyze their pay and diversity data via a simple, customizable report.\" alt=\"In its most recent Paychex Flex release, Paychex introduced a Diversity and Equal Pay Live Report, giving users the ability to analyze their pay and diversity data via a simple, customizable report.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;While vaccines have brought welcome optimism for many, the impacts of COVID-19 will be long lasting and far reaching, especially when it comes to work,&#8221; said <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=3314520380&amp;u=https%3A%2F%2Fwww.paychex.com%2Fnewsroom%2Fexecutive-bios%2Ftom-hammond%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=Tom+Hammond\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Tom Hammond<\/span><\/a>, Paychex vice president of corporate strategy and product management. &#8220;The solutions Paychex has introduced over the last quarter are designed to help business leaders secure critical funding, meet shifting employee expectations, make data-driven business decisions, and create a more equitable workforce.&#8221; <\/p>\n<p>Paychex solutions introduced this quarter include: \u00a0<\/p>\n<ul type=\"disc\">\n<li>\n          <b><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=1063847266&amp;u=https%3A%2F%2Fwww.paychex.com%2Fnewsroom%2Fnews-releases%2Fpaychex-introduces-pooled-employer-plan-new-cost-effective-retirement-plan%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=Pooled+Employer+Plan+(PEP)\" rel=\"nofollow noopener noreferrer\">Pooled Employer Plan (PEP)<\/a><br \/>\n          <\/b><br \/>\n          <b>\u00a0<\/b>\u2013 In response to the SECURE Act, reduces fiduciary liability for employers, simplifies retirement plan management, and reduces plan expenses when compared to single-employer retirement plan offerings. The <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=1862535115&amp;u=https%3A%2F%2Fwww.paychex.com%2Fretirement-services%2Fpooled-employer-plans%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=Paychex+PEP\" rel=\"nofollow noopener noreferrer\">Paychex PEP<\/a> surpassed 1,500 new plan sales in the first 60 days of being in market. <\/li>\n<li>\n          <b><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=3355440641&amp;u=https%3A%2F%2Fwww.paychex.com%2Fnewsroom%2Fnews-release%2Fhr-management-solutions-integration-clover%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=Clover%C2%AE+Integration\" rel=\"nofollow noopener noreferrer\">Clover<sup>\u00ae<\/sup> Integration<\/a><br \/>\n          <\/b><br \/>\n          <b>\u00a0<\/b>\u2013 Streamlines payroll and time and attendance management for business owners using the popular Clover platform from Fiserv. With Paychex Flex available in the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=2079459582&amp;u=https%3A%2F%2Fwww.clover.com%2Fappmarket%2Fapps%2F67KQC9RX2F4NG&amp;a=Clover+App+Market\" rel=\"nofollow noopener noreferrer\">Clover <span class=\"xn-person\">App Market<\/span><\/a>, business owners can more efficiently manage the essential tasks of payroll, staffing, time tracking, and scheduling all within a single application to help save time, increase accuracy, and reduce cost. <\/li>\n<li>\n          <b>Biz2Credit Integration<\/b>\u00a0\u2013 Allows fintech provider Biz2Credit, whose subsidiary Itria Ventures LLC has <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=2814567007&amp;u=https%3A%2F%2Fwww.sba.gov%2Fsites%2Fdefault%2Ffiles%2F2021-02%2FPPP_Report_Public_210221-508.pdf&amp;a=secured+more+Paycheck+Protection+Program+loans\" rel=\"nofollow noopener noreferrer\">secured more Paycheck Protection Program loans<\/a> than any U.S. lender, to obtain required payroll data for the loan application form from Paychex Flex, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=2250916200&amp;u=https%3A%2F%2Fwww.paychex.com%2Fsecure%2Fseminars%2Fapplying-for-ppp-loan%3Futm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3Dwinter-launch-2021-633856%26utm_term%3Dbusiness%2520solutions&amp;a=streamlining+the+PPP+loan+application+process\" rel=\"nofollow noopener noreferrer\">streamlining the PPP loan application process<\/a>. <\/li>\n<li>\n          <b>Diversity and Equal Pay Live Report <\/b>\u2013 Builds on a recently released EEO-1 compliance solution and gives administrators the ability to analyze their pay and diversity data via a simple, customizable report.\u00a0With improved access to this critical data, businesses are better positioned to uncover opportunities to create a more diverse and equitable workforce, while also meeting compliance requirements. <\/li>\n<li>\n          <b>General Ledger Live Report<\/b>\u00a0\u2013 Dynamically expands visibility of general ledger data \u2013 such as debits, credits, and account types \u2013 and provides options to customize, drill-down, and segment report information. <\/li>\n<li>\n          <b>Enhanced Live Report Functionality <\/b>\u2013 Expands the existing thresholds feature in Live Reports to help customers more effectively monitor how key business metrics are performing against benchmarks and goals. Based on historical data, Paychex Flex will suggest appropriate thresholds to help administrators stay on track in critical areas like overtime hours, daily headcount, and payroll labor costs. <\/li>\n<\/ul>\n<p>For more information about the solutions included in this quarter&#8217;s Paychex product release, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=2164608027&amp;u=https%3A%2F%2Fpages.paychex.com%2FWinter-2021-guide.html%3Fcampaign_name%3DDM_Winter_Launch_2021%26campaign_id%3D7014u000001sv7P%26utm_source%3Dnews-release%26utm_medium%3Dpress-release%26utm_campaign%3DDM_Winter_Launch_2021%26utm_term%3Dbusiness%2520solutions&amp;a=payx.me%2Fwinter2021\" rel=\"nofollow noopener noreferrer\">payx.me\/winter2021<\/a>. <\/p>\n<p>\n        <b>About Paychex<br \/><\/b>Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves more than 680,000 payroll clients as of <span class=\"xn-chron\">May 31, 2020<\/span> across more than 100 locations in the U.S. and <span class=\"xn-location\">Europe<\/span> and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=3872525450&amp;u=http%3A%2F%2Fwww.paychex.com%2F&amp;a=paychex.com\" rel=\"nofollow noopener noreferrer\">paychex.com<\/a><\/u>\u00a0and stay connected on <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=1656973489&amp;u=http%3A%2F%2Fwww.twitter.com%2Fpaychex&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a><\/u>\u00a0and <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=2051218198&amp;u=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fpaychex&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a><\/u>.<\/p>\n<p>\n        <b>Media Contacts<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Tracy Volkmann<\/span><br \/>\n        <br \/>Paychex, Inc. <br \/>585-387-6705<br \/><a target=\"_blank\" href=\"mailto:tvolkmann@paychex.com\" rel=\"nofollow noopener noreferrer\">tvolkmann@paychex.com<\/a>\u00a0<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3086874-1&amp;h=3642395340&amp;u=https%3A%2F%2Ftwitter.com%2Fpaychex&amp;a=%40Paychex\" rel=\"nofollow noopener noreferrer\">@Paychex<\/a><\/p>\n<p>\n        <span class=\"xn-person\">Colleen Bennis<\/span><br \/>\n        <br \/>Mower <br \/>585-389-1865<br \/><a target=\"_blank\" href=\"mailto:cbennis@mower.com\" rel=\"nofollow noopener noreferrer\">cbennis@mower.com<\/a>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/519139\/Paychex_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/519139\/Paychex_Logo.jpg\" title=\"Paychex Logo (PRNewsfoto\/Paychex, Inc.)\" alt=\"Paychex Logo (PRNewsfoto\/Paychex, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY99269&amp;sd=2021-03-04\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software-301240792.html\">http:\/\/www.prnewswire.com\/news-releases\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software-301240792.html<\/a><\/p>\n<p>SOURCE  Paychex, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY99269&amp;Transmission_Id=202103041102PR_NEWS_USPR_____NY99269&amp;DateId=20210304\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ROCHESTER, N.Y., March 4, 2021 \/PRNewswire\/ &#8212;\u00a0The COVID-19 pandemic has accelerated technology adoption, presented new challenges, and changed how, where, and when work gets done. To help address these, Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, announced several enhancements to its analytics offering in Paychex Flex\u00ae, the company&#8217;s cloud-based HR technology platform. Paychex also included a new retirement services solution and a pair of integrations to help customers streamline workforce and cash flow management in this past quarter&#8217;s software release. &#8220;While vaccines have brought welcome optimism for many, the impacts of COVID-19 will be long lasting and far reaching, especially when it comes to work,&#8221; said Tom &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451003","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ROCHESTER, N.Y., March 4, 2021 \/PRNewswire\/ &#8212;\u00a0The COVID-19 pandemic has accelerated technology adoption, presented new challenges, and changed how, where, and when work gets done. To help address these, Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, announced several enhancements to its analytics offering in Paychex Flex\u00ae, the company&#8217;s cloud-based HR technology platform. Paychex also included a new retirement services solution and a pair of integrations to help customers streamline workforce and cash flow management in this past quarter&#8217;s software release. &#8220;While vaccines have brought welcome optimism for many, the impacts of COVID-19 will be long lasting and far reaching, especially when it comes to work,&#8221; said Tom &hellip; Continue reading &quot;Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T16:05:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1449795\/Paychex_Flex.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software\",\"datePublished\":\"2021-03-04T16:05:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/\"},\"wordCount\":633,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1449795\\\/Paychex_Flex.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paychex-introduces-new-ways-for-businesses-to-manage-pandemic-related-challenges-with-updates-to-paychex-flex-hr-software\\\/\",\"name\":\"Paychex Introduces New Ways for Businesses to Manage Pandemic-Related Challenges with Updates to Paychex Flex\u00ae HR Software - 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