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Top 10 Payroll Solution Companies - 2021

According to Internal Revenue Service (IRS) reports, small and medium enterprises (SME) get more penalized than larger companies for payroll errors. To add to this, the COVID-19 pandemic has brought forth new challenges for SMEs. Today, apart from the general payroll regulations, an SME also has to remain compliant with the changing federal and state rules to offer the benefits provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act or other tax-favored benefits under the Internal Revenue Code (IRC). Thus, SMEs, which were once seen avoiding payroll systems in the name of added complexity, are now increasingly adopting payroll systems to navigate through this convoluted scenario.

Notably, payroll solutions are solving some of the biggest operational challenges that SMEs face in the new normal. For instance, as remote working has become a norm, cloud-based payroll software is providing much-needed flexibility and quick access to the payroll managers in real-time from anywhere. Meanwhile, advanced mobile applications with self-service options are further simplifying the lives of small-scale employers. These apps are not only facilitating transparent payroll computations but also automating the calculation of taxes.

There is also an increasing trend of all-inclusive payroll systems with integrated human resource (HR) technologies being noticed in the business realm right now. It is allowing employers and employees to seamlessly access all employee information from a single dashboard, boosting the efficiency in managing employee data. Besides, the system is also pooling together relevant data to garner critical insights and deliver personalized reports and packages.

At this juncture, there is a variety of payroll solution providers available in the market that cater to the different needs of organizations and businesses. To help them choose the solution provider that best fits their requirement, HR Tech Outlook has compiled a list of the top 10 payroll solution providers. The enlisted solution providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CXOs.

We  present to you HR Tech Outlook’s, “Top 10 Payroll Solution Companies – 2021.”

Top Payroll Solution Companies

Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people

www.adp.com

Gusto, launched in 2012 as ZenPayroll, is an online platform that has aided more than 100,000 small businesses in the U.S. in managing their workforce. Through its simple and intuitive cloud-based platform, Gusto has automated the full-service payroll for small businesses. On top of it, Gusto also puts forth a wide range of other features, including health benefits, human resources (HR) services, and team management tools

gusto.com

Paycom is a payroll processor and HR software specialist offering online payroll services with its cloud-based human capital management software

paycom.com

Tandem HR is an Illinois-based professional employer organization (PEO) that offers end-to-end custom HR solutions to businesses. Licensed in all 50 U.S. states, the company manages the entire employee lifecycle for organizations in an outsourced environment through its human resource management system (HRIS), from applicant tracking to onboarding, payroll processing, time and attendance, performance management, e-learning, and reporting. Further, the HRIS platform, integrating a wide variety of time and attendance systems, streamlines the entire payroll processing. It eliminates all the manual, paper-driven, and time-consuming processes so that payday is a breeze for organizations—completed in a timely and efficient manner

tandemhr.com

Workday, Inc. provides enterprise cloud applications for HR, finance, payroll and resource planning, delivering analytics, finance and human capital management to mid-sized and large organizations

www.workday.com

Ascentis Corporation

Ascentis Corporation

As a fast-growing leader in the Software as a Service (SaaS) Human Capital Management (HCM) space, Ascentis offers easy-to-use HCM, HRIS, online payroll, talent management, recruiting and timekeeping solutions. With 35 years in the industry, Ascentis has supported an ongoing commitment to delivering an unsurpassed client-centric service model mid to large size companies. To enable companies to maximize management of their best asset – their people!

CheckMark

CheckMark

CheckMark Inc has been dedicated to providing, fast, easy-to-use, affordable accounting and payroll solutions to small and medium-sized businesses since 1984. CheckMark became one of the first companies to roll out accounting software for the Mac when it launched General Ledger in 1985, CheckMark Payroll in 1986 and MultiLedger™ in 1987. A Windows version of CheckMark Payroll debuted in 1994, and MultiLedger™ for Windows was released in 1998. In 2011, CheckMark launched CheckMark Payroll Services to better serve small businesses. It also offers online HR solutions and time clock services. The Company's mission has been to provide powerful and efficient accounting and payroll solutions that are easy-to-use and maintain for numerous small businesses

Paylocity

Paylocity

At Paylocity, we deliver more than our awesome product suite with crazy good reviews. We prioritize your success by covering you with a deep support system to back up our easy-to-use, innovative solutions. Providers will merely sell you a product. But a partner actually cares about you and your business. A partner takes the time to get to know you and understand your needs. We work with you to identify the best solutions that will benefit your business today, while paving the way to a better tomorrow. And tomorrow is all about your team. Everything we do is designed to support you in reaching your goals. Together, we tackle your day-to-day work so you can spend more time building the culture you and your employees crave. For professionals who crave true partnership, Paylocity is the HR & Payroll company that frees you from the tasks of today, so together, we can spend more time focused on the promise of tomorrow

PayServ Systems

PayServ Systems

PayServ's Workforcethrive is a single application that manages the entire Employee Life Cycle, from Hire to Retire. Workforce Acquisition, Workforce Administration and Workforce Development all work together to provide our clients with unique insights, analytics and overall process efficiency to ensure effective and consistent application of company work policies. Login from any device anywhere, anytime and access information inside a secure, single database. With Workforcethrive, you have powerful tools to be strategic, engage your workforce, and stay on top of your business in real-time

Valiant

Valiant

Valiant offers practical software, personalized service, industry expertise and reductions in spending for all your Human Capital Management needs. We believe in making Payroll, Time & Labor Management and Human Resources processing easy and cost effective for your business. We service multiple industries, but hold the Security, Parking, & Hospitality, industries dear to our hearts. Becoming experts in these industries was a natural path, as our products and software are designed to meet the unique needs of large hourly workforces (50 to 10,000 employees)