ROCHESTER, N.Y., May 2, 2018 /PRNewswire/ -- In recognition
of National Small Business Week, Paychex is launching Paychex
Promise, a new subscription-based service that delivers the
ultimate peace of mind to business owners: protection against
payroll interruptions and solutions to address the routine
challenges of running a successful business. The primary offering,
Payroll Protection, extends the collection of payroll funds from a
business's bank account by seven days without interruption of
service or insufficient fund charges, enabling business owners to
pay employees and remit taxes on time even when vacations or
invoice delays disrupt cash flow timing. Paychex Promise will be
offered free of charge to eligible businesses for the first three
months.
"At Paychex, our mission is to provide businesses the freedom to
succeed. We are committed to developing solutions that help
business owners overcome the everyday challenges of running a
business such as paying employees, building credit, and having
access to capital," said Martin
Mucci, Paychex president and CEO. "Paychex Promise does just
that, helping to ensure clients meet their payroll obligations and
offering access to a host of tools designed to strengthen finances,
raise awareness of regulatory issues, and much more. This
innovative service is a first-of-its-kind offering in the payroll
and HR industry."
The annual membership program offers fast, easy-to-use solutions
including:
- Payroll Protection – extends the collection of payroll
funds from a business's bank account by seven days without
interruption of service or insufficient fund charges.
- No-Cost Same Day Payroll – allows clients to process up
to two Same Day ACH requests each subscription year at no
cost.
- Business Credit Service – sends clients' payment history
to credit bureaus with the goal of building their business credit
file and improving their ability to secure more attractive
financing terms.
- Regulatory Newsletter – shares monthly compliance and
regulatory news, so employers can stay informed on the key
regulatory issues impacting their
workforce.
- Payroll Fraud Hotline – provides clients access to a
dedicated payroll fraud hotline to answer questions and assist with
resolutions if an event occurs.
- Small Business Loan Center – offers lending options
through external lending partner Biz2Credit® and their
network of lenders for non-payroll related financing needs, along
with Biz2Credit's BizAnalyzer™ tool for monitoring the financial
health of a client's business.
Kim Stacy, owner of the Fulshear
Insurance Group in Fulshear,
Texas, sees great value in the comprehensive services
available through Paychex Promise. "I am very pleased with the new
Paychex Promise program," said Stacy. "The Payroll Protection
component is invaluable for a small business, especially one like
ours that is commission based."
To learn more about Paychex Promise and the benefits it can
deliver, click here.
To further support and celebrate entrepreneurs, Paychex is
sharing important information during National Small Business Week
to help businesses get going and get growing. Visit
www.paychex.com/worx/business-lifecycle from April 29 to May 4 and get new tips each day on
how to start, grow, and manage a successful business.
Note: Paychex Promise will be offered free of charge to
business owners for the first three months, and thereafter will be
offered as a complete suite of services for a fixed, all-inclusive
fee. Program and/or any of the services offered as part of Program
are subject to eligibility and are void where restricted by
law.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a
leading provider of integrated human capital management solutions
for payroll, HR, retirement, 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 45 years of industry
expertise, Paychex serves approximately 605,000 payroll clients as
of May 31, 2017, across more than 100
locations and pays one out of every 12 American private sector
employees. Learn more about Paychex by visiting paychex.com, and
stay connected on Twitter and LinkedIn.
Media Contact
Lisa
Fleming
Paychex, Inc.
585-387-6402
lfleming@paychex.com
@PaychexNews
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SOURCE Paychex, Inc.