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## Ticker: NASDAQ:PAYX
### Paychex inc.
fiscal year that ends May 31st
# list all competitors & make basket
# Qualitative
Provider of human capital management (“HCM”) solutions for human resources (“HR”), payroll, benefits, and insurance
As of May 31, 2023, we served approximately 740,000 payroll and PEO clients. - KPI ?
The key features of our solutions are:
•Comprehensive cloud-based platform optimized to meet the HR and payroll needs of small- and medium-sized organizations;
•Streamlined workforce management that combines technology with flexible support options;
•Modern, mobile, and intuitive user experience and self-service capabilities;
•Scalable and customizable platform that allows clients the ability to add services as they grow;
•Software as a service, or “SaaS”, delivery model that reduces total cost of ownership for our clients; and
•Expertise in HR and payroll with our technology backed by over 250 compliance experts and approximately 700 HR business professionals.
Over 50% of our revenues are gained from our services beyond payroll processing.
proactively aid our clients in navigating macroeconomic challenges, legislative changes, and other complexities they face
help customers more effectively hire, engage, train, and retain top talent
HR & compliance
Paychex Flex® platform
Paychex Flex is our proprietary HCM SaaS platform that provides seamless workforce management
suite of solutions including recruiting, onboarding, HR, time and attendance and employee benefits. & function-focused analytics
contract with client generally do not containt specified contract period - Client retention should be a good KPI
For fiscal 2023, client retention was in the range of 82% to 83% of our beginning client base.
Management solutions:
-Payroll processing solutions
-Payroll tax administration solutions
-Employee payment solutions
-Regulatory compliance solutions
-HR solutions
-Retirement solutions administration
-HR administration solutions
We have one primary national competitor - Who ?
focus on smid business
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