Paychex Among HCM Top 500

911 Panorama Trail S.

Rochester, NY, 14625, USA

1 585-385-6666

https://www.paychex.com/

17
List of Verified Paychex Customers

Paychex Recent Developments

In September 2018, Paychex Launched Learning Management System at HR Technology Conference & Expo. With Paychex Learning, employers can foster a learning environment that provides employees with everything from business acumen to tactical skills to HR compliance. In May 2018, Paychex launched 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.

Paychex M&A Activities

In November 2018, Payroll processor Paychex announced its plans to buy Oasis Outsourcing Acquisition Corp for $1.2 billion in cash to expand its human resources outsourcing services and enter new markets. The combined companies will increase the number of markets served and significantly expand our PEO (professional employer organization) sales organization

Paychex Key Cloud & HCM Applications

Paychex,

SCORES Analysis

Paychex Strengths

Paychex 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.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

Paychex HCM & Cloud HCM Applications Revenues, $M:

Type/Year 2016 2017 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Paychex Revenue Breakdown by Type:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Paychex Total & HCM Applications Revenues by Region:

Region % of Total Revenues 2017 Total Revenues, $M 2017 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Paychex Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Paychex Customers

No. of Customers: Subscribe

No. of HCM Applications Customers: Subscribe

No. of Cloud HCM Customers: Subscribe

No. of Cloud HCM Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

Paychex Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

Paychex Risks

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  • Ability to handle internal and external risk and challenges

Paychex Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

Paychex Cloud Platform (PaaS) & Infrastructure (IaaS) Details

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).




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