Paychex Flex® Earns 2024 HR Tech Award from Lighthouse Research & Advisory Firm

Rhea-AI Summary

Paychex Flex® has been awarded the 2024 HR Tech Award for Best Core HR/Workforce Solution by Lighthouse Research & Advisory Firm for the fifth time. The SaaS solution was recognized for simplifying HR tasks for small businesses, saving clients time and offering educational resources. Paychex continues to provide digital HR solutions and advisory services to streamline HR, payroll, and benefits management.

Positive

• Paychex Flex® awarded the 2024 HR Tech Award for Best Core HR/Workforce Solution for the fifth time
• Recognized for simplifying HR tasks for small businesses and saving clients time
• Provides educational content to help businesses navigate regulatory changes and workplace trends
• Continues to deliver digital HR solutions and advisory services to streamline HR, payroll, and benefits management

Negative

• None.

The SaaS solution was recognized as a Best Core HR/Workforce Solution for the fifth time

ROCHESTER, N.Y.--(BUSINESS WIRE)-- 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

Source: Paychex, Inc.

FAQ

What award did Paychex Flex® earn in 2024?

Paychex Flex® earned the 2024 HR Tech Award for Best Core HR/Workforce Solution from Lighthouse Research & Advisory Firm.

How many times has Paychex Flex® received this award?

Paychex Flex® has received the HR Tech Award for the fifth consecutive year in 2024.

What does Paychex Flex® offer to small businesses?

Paychex Flex® offers solutions that simplify HR tasks for small businesses, saving clients time and providing educational resources.

Who judges the entries for the HR Tech Awards?

The entries for the HR Tech Awards are judged by industry analysts, business professionals, academics, and other subject matter experts.

Where can I find the complete list of winners for the 2024 HR Tech Awards program?

The complete list of winners for the 2024 HR Tech Awards program can be found at hrtechaward.org.