Paychex Flex® Earns 2024 HR Tech Award from Lighthouse Research & Advisory Firm
May 08 2024 - 10:00AM
Business Wire
The SaaS solution was recognized as a Best Core
HR/Workforce Solution for the fifth time
Paychex, Inc., a leading provider of integrated human capital
management software solutions for human resources, employee
benefits, insurance services, and payroll, has again received
industry recognition for Paychex Flex®, the company’s cloud-based
SaaS solution. For the fifth consecutive year, Paychex earned an HR
Tech Award from Lighthouse Research & Advisory for Best Small
Business-focused Solution in the Core HR/Workforce category.
According to Lighthouse Research & Advisory data, more than
5,000 providers exist across the HR technology landscape, with more
startups emerging daily. The HR Tech Awards recognize an elite
group of companies representing approximately 1-2% of all firms in
the HR technology marketplace for their focus on creating solutions
that solve problems customers care about.
Entries are judged by a panel of industry analysts, business
professionals, academics, and other independent subject matter
experts in five key areas:
- Problems the technology solves in the market
- Client case studies
- Key differentiation analysis compared to other solutions in the
market
- Software evaluation
- Company evaluation
“Small businesses need HR solutions that don’t add complexity or
additional tasks to their schedule. Paychex Flex does just that,
saving clients anywhere from dozens to hundreds of hours each year,
allowing business leaders to spend more time working on the
business, not just in the business,” said Ben Eubanks, chief
research officer at Lighthouse Research & Advisory.
With a combination of cloud-based technology backed by a
national team of HR professionals, Paychex continues to deliver
digital HR solutions and advisory services that automate and
simplify the complexities of managing HR, payroll, and benefits.
The company also provides educational content through
knowledge-based articles, videos, podcasts, and webinars that help
businesses understand the impact of regulatory changes, workplace
trends, and more.
“Paychex Flex is designed to meet the ever-changing workplace
challenges and demands that businesses of all sizes are facing in
today’s market,” said Tom Hammond, Paychex vice president of
strategy, partnerships, and business development. “It’s an honor to
be recognized by Lighthouse Research & Advisory as a top
technology provider that is helping business leaders and HR
professionals solve complex challenges and focus on the bigger
picture of growing the business.”
For a complete list of winners for the 2024 HR Tech Awards
program, visit hrtechaward.org.
About Paychex Paychex, Inc. (Nasdaq: PAYX) is an
industry-leading HCM company delivering a full suite of technology
and advisory services in human resources, employee benefit
solutions, insurance, and payroll. The company serves approximately
740,000 customers in the U.S. and Europe and pays one out of every
12 American private sector employees. The more than 16,000 people
at Paychex are committed to helping businesses succeed and building
thriving communities where they work and live. To learn more, visit
paychex.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240508145360/en/
Media Chelsea Wernick Public Relations Program Manager II
(585) 216-2974 cwernick@paychex.com @Paychex
Paychex (NASDAQ:PAYX)
Historical Stock Chart
From Apr 2024 to May 2024
Paychex (NASDAQ:PAYX)
Historical Stock Chart
From May 2023 to May 2024