Paychex is payroll for small to mid-size businesses

HCM is trending toward integrated functionality across workforce management (WFM), core HR automation, and talent management. As top-tier vendors are clinging to these three core competencies, payroll is still remaining at-large as a separate commodity for which customers have to seek integrations or third-party processing firms. Paychex provides automated payroll services for small to mid-sized companies along with basic workforce management and core HR functionality tied to essential payroll requirements. Customers using the solution can increase productivity in labor reporting, reduce the burden on HR, and increase payroll data visibility at a lower cost premium than seeking out an HRIS system and integration with outsourced payroll processing.