How Paychex Works: Benefits of Our HCM Software | Paychex (2024)

Paychex Flex: Automate HR, Payroll, and Benefits

From Any Device, Anywhere

Paychex Flex® is our all-in-one HCM, PEO, and HR software. Streamline payroll, benefits, workforce management, talent management, and the employee experience through a secure platform backed by experienced support. We’re there for you through chat or over the phone, whenever you have a question, 24/7.

Simplifying Administration

Paychex can help the owners and HR managers of small to medium-sized businesses manage human resource administration tasks, streamline talent management, and access critical data to help them make informed business decisions with confidence.

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Payroll ServicesPaychex payroll services can make it easy for small to medium-sized businesses to process payroll and payroll taxes.
Time and AttendanceGet back lost time spent entering or importing timecards and help pay employees for actual time worked with our online time and attendance system integrated with payroll.
Retirement ServicesAttract the best employees by offering a competitive retirement plan. Our flexible 401(k) plan design, recordkeeping, and plan management options let you determine the right plan for your business.
Recruiting and Applicant TrackingFill open positions faster while making the hiring process easier for your applicants. Our recruiting and applicant tracking solution helps you source and track potential new employees.
Benefits AdministrationSimplify complex benefits administration online, in real-time, with employee access to view and make changes to their personal plan information. Manage employee retirement, insurance, and more.
Hiring and OnboardingGet help recruiting for the best fit and hard-to-find candidates, learn important information about potential employees, and take some of the stress out of welcoming new hires with the hiring services and technology.
Professional Employer Organization (PEO)Turn HR challenges into a competitive advantage. Our PEO offers HR, payroll, and benefits solutions to help you find and keep employees; save time and money on HR tasks; and offer valued benefits.

HCM System That Makes Complex Tasks Simple

Simplify payroll, benefits, workforce management, and talent management with our all-in-one technology platform, Paychex Flex. Truly Human, Human Capital Management®means having a dedicated HR professional as an extension of your team to provide real-time guidance, tackling your unique needs as a business.

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How Paychex Works: Benefits of Our HCM Software | Paychex (1)

What Our Clients Are Saying About Switching to Paychex

The American Society of Tropical Medicine and Hygiene wanted to work with an HR, payroll, and benefits provider that could help take care of it all.

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The American Society of Tropical Medicine and Hygiene

"One of the biggest challenges we had was, ‘What do you do about hiring people? What do you do about paying people? What do you do about the benefits?’ We really needed a turnkey solution. Paychex was a great resource for us."

Stephen Croll

Chief Operating Officer

American Society of Tropical Medicine and Hygiene

Make the Switch

Support When and Where You Want It

Get answers to your important questions from specialists in HR, payroll, and benefits through the Paychex Flex platform, by phone, or by chat — right when you need it, 24/7/365.

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How Paychex Works: Benefits of Our HCM Software | Paychex (3)

Integrate With Familiar Applications

Paychex Flex integrates with dozens of popular productivity and financial tools, allowing you to simplify data flows. You can spend more time on your business with a more efficient way to share and connect data.

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Get To Know Paychex and See Why We're a Well-Respected Industry Leader

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CareersSearch Paychex career listings and get a feel for our work culture.
Management TeamLearn about Paychex management, their focus, accomplishments and backgrounds.
Why PaychexHear directly from our clients about what sets us apart from other companies in the industry, and why they choose Paychex.
Corporate ResponsibilityLearn the many ways we give back to the community, our customers, and our employees.
Office LocationsFind a Paychex office location in the U.S. or search our international subsidiary locations.
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Responsible DisclosureThe safety and security of personal and account information are among our top priorities.

Paychex FAQ

  • What Is HCM Software?

    What Is HCM Software?

    Human capital management (HCM) is a set of processes that companies use to systematically improve recruiting, management, and employee performance. HR teams use tools such as human capital management software to execute these functions and support their company.

  • What Does HCM Software Do?

    What Does HCM Software Do?

    Human capital management solutions help businesses glean data-backed insights, improve business processes, and focus on recruiting and retaining the right people to optimize a healthy, engaged workforce. Large and small businesses use HCM software to implement tasks such as recruiting, hiring, managing people, and analyzing workforce trends. Over the long term, an effective HR software solution can help business to:

    • Streamline tasks and improve overall efficiency
    • Provide on-demand access to HR-related information
    • Increase and improve employee benefits offerings
    • Reduce human errors on critical recordkeeping
    • Get the right data to leadership so they can use it for important decision-making
  • What Do HCM Companies Do?

    What Do HCM Companies Do?

    Organizations such as Paychex that offer the best HCM software platforms provide the technology, support, and tools that businesses need to help manage their workforce, streamline HR workflows, and make data-driven decisions. Look for companies that offer features such as streamlined workflows, integration of HR functions using a single employee record, mobile-first design, self-service capabilities, and system security.

  • What Is HRIS vs. HCM?

    What Is HRIS vs. HCM?

    Human resource information system (HRIS) software enables companies and their HR teams to track, manage, and automate basic HR capabilities. On the other hand, human capital management (HCM) refers to the overall approach a company takes to managing its workforce. This includes both the strategic and technological elements a business needs to address a range of HR-related activities. Learn more about the differences between these HR technologies.

  • Does Paychex Have an HRIS?

    Does Paychex Have an HRIS?

    The capabilities built into Paychex Flex, our integrated HR platform, can help businesses of all sizes that are looking for help with essential tasks such as organizational and employee data management, payroll administration, and benefits administration.

  • What Are HCM Products?

    What Are HCM Products?

    HCM products are generally comprised of HR software that helps businesses manage and automate processes such as payroll processing, recruiting and applicant tracking, employee onboarding, and much more.

  • What Services Does Paychex Offer?

    What Services Does Paychex Offer?

    Paychex workforce solutions offer a wide range of full-service HR, payroll, and benefits services, backed by award-winning service and support. From burgeoning startups to large enterprises, we provide hundreds of thousands of businesses with:

    • Payroll and payroll tax services
    • Paychex HR, including technology-backed HR software and services, HR consulting, and PEO services for comprehensive HR support
    • Benefits administration, including assistance with retirement plans, group health insurance, and other attractive benefits offerings
    • Workforce management, including time and attendance tracking, expense tracking, and more
  • Is Paychex Easy To Use?

    Is Paychex Easy To Use?

    Paychex Flex is built with end users in mind, making it easy to perform key functions such as adding employees, updating benefits offerings, running HR reports, and much more — all in a few clicks. Among the benefits of using Paychex Flex, the platform can help automate key HR, payroll, and benefits functions through a single platform, backed by experienced, 24/7 support.

  • What Is Paychex Flex?

    What Is Paychex Flex?

    Paychex Flex is our all-in-one solution for all things HR — payroll, time and attendance, and more. Best of all, we have 24/7 support teams who can help answer your questions and offer assistance when you need it.

  • What Is the Difference Between Paychex and Paychex Flex?

    What Is the Difference Between Paychex and Paychex Flex?

    Paychex proudly offers Paychex Flex as part of its comprehensive HR and payroll solutions and services. Learn more about our company, or log in to Paychex Flex if you’re a current customer or client employee.

How Paychex Works: Benefits of Our HCM Software | Paychex (2024)

FAQs

What are the benefits of HCM system? ›

It helps you discover skill gaps and drive hiring procedures to fill those gaps. Employees will be happier at work because they will be in roles that allow them to put their skills to good use. Human capital management also aids in developing a dedicated workforce that strives to achieve a company's goals.

How does Paychex system work? ›

Paychex Flex runs payroll and pays employees by direct deposit or lets you print checks yourself to distribute to employees. It'll also handle payroll taxes for you. The platform comes with a self-service employee portal, so employees can check in on their pay stubs and tax forms on their own.

How does HCM software work? ›

Human capital management software supports all aspects of the HCM function and eliminates manual processes. Such software may bring talent planning, management, and analytics together in a single system so companies can help people reach their full potential now and into the future.

What is Paychex HCM? ›

Human capital management solutions help businesses glean data-backed insights, improve business processes, and focus on recruiting and retaining the right people to optimize a healthy, engaged workforce.

What is benefit of human resource management system? ›

Using an HR management system gives you accurate details about employee performance and other company statistics. This data helps you design effective programs to drive employee engagement and improve overall productivity.

What is a Paychex benefit account? ›

A benefits account is a solution offered by employers to help individuals manage healthcare expenses.

Why is Paychex good? ›

Paychex Flex is a comprehensive platform that allows a person to manage as much as they want themselves, and it is backed by excellent support staff who are available at all times to assist with anything you do not yet know how to do yourself.

What is the difference between Paychex and Paychex Flex? ›

What is the difference between Paychex and Paychex Flex? Paychex is a payroll and HR platform for businesses of all sizes. Paychex Flex is its simplified, payroll-only platform for small businesses.

What is the work of HCM? ›

Human Capital Management (HCM) transforms the traditional administrative functions of human resources (HR) departments—recruiting, training, payroll, compensation, and performance management—into opportunities to drive engagement, productivity, and business value.

Why do we use HCM? ›

Oracle HCM (Human Capital Management) cloud enables HR leaders by delivering an end to end solution to manage every stage of the employee lifecycle, from attracting talent, screening, hiring, onboarding, managing time and absence, managing payroll, compensation and benefits, managing performance and developing talent ...

What is the role of a Paychex HCM consultant? ›

Analyzing the customer needs and interests, determining which products are appropriate and referring to appropriate party when necessary. Completing and submitting accurate new business paperwork, expense reports and weekly activity reports by agreed upon dates set by Sales management.

Is Paychex an HRIS system? ›

HRIS Examples

Paychex HR Services, for example, offers human resource information designed to help companies and their HR teams track, manage, and automate basic HR capabilities. In general, the system works off comprehensive employee data.

What is the employee life cycle in Paychex? ›

What Is the Employee Lifecycle? The employee life cycle is an HR model that tracks the entire journey an employee takes at your organization, and is a visual way to identify key steps in the employee experience.

What are the benefits of HR case management system? ›

Faster issue resolution

HR case management creates a single, centralized source of truth for case details and employee information. This helps ensure that the HR professional who takes the case has everything they need to resolve it quickly and amicably.

Why is HCM important? ›

The objectives of HCM are to enable strategic growth, empower employees and connect people and workflows in ways that support daily operations. To help achieve these goals, some solutions provide experiences that are personalized by function, location, team and individual.

How can a human capital management HCM platform provider benefit this company? ›

HCM uses software to meet the core needs of HR, including hiring, engaging, and retaining employees. Fully integrated solutions that unify HR functions can also eliminate costly redundancies and streamline data into a trusted source of decision-making for executives, HR practitioners, managers, and employees.

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