Netchex vs. WEX Benefits

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Netchex
Score 8.4 out of 10
N/A
Netchex is a HR, payroll, and tax administration software platform with solutions dedicated to recruitment, hiring, and onboarding as well as payroll, tax compliance, HR, time/attendance, benefits management, and analytics for these areas.N/A
WEX Benefits
Score 3.1 out of 10
N/A
WEX Benefits is a suite of benefits administration solutions, positioned to help employers provide healthcare benefit management for their employees.N/A
Pricing
NetchexWEX Benefits
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetchexWEX Benefits
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
NetchexWEX Benefits
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
NetchexWEX Benefits
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Netchex
9.0
16 Ratings
8% above category average
WEX Benefits
-
Ratings
Pay calculation9.716 Ratings00 Ratings
Support for external payroll vendors7.25 Ratings00 Ratings
Off-cycle/On-Demand payment9.011 Ratings00 Ratings
Benefit plan administration9.713 Ratings00 Ratings
Direct deposit files10.016 Ratings00 Ratings
Salary revision and increment management9.611 Ratings00 Ratings
Reimbursement management8.17 Ratings00 Ratings
Best Alternatives
NetchexWEX Benefits
Small Businesses
Patriot Software
Patriot Software
Score 9.0 out of 10
Justworks
Justworks
Score 7.8 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NetchexWEX Benefits
Likelihood to Recommend
9.0
(24 ratings)
1.8
(8 ratings)
Likelihood to Renew
9.8
(2 ratings)
-
(0 ratings)
Usability
9.8
(2 ratings)
-
(0 ratings)
Support Rating
9.8
(3 ratings)
1.0
(1 ratings)
Implementation Rating
8.2
(2 ratings)
-
(0 ratings)
User Testimonials
NetchexWEX Benefits
Likelihood to Recommend
Netchex
Netchex is great if you want to log in to one place to take care of all things employee-related. It is especially helpful if you have multiple locations or divisions as you can easily set these up and manage them as needed. The more employees you have, the more you will benefit from a program like Netchex that provides so much support for your business. Our company has multiple locations of stores and many employee position levels and Netchex has been great at keeping all of this simple when a lessor product could make it much more complicated. Netchex would not be as appropriate if you have a very small business or a simple payroll structure. It would definitely still work well for you, it would just be more sophisticated than you would require.
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WEX
It is well suited to help us see exactly which employee and which company the employee is with and how much they employee spent. I really like the reports that it generates and the detail it gives. However I would like to see more details. It would be nice to see the exact date the funds were withdrawn and where the funds were spent. I think this could help us determine that the employee is spending the funds at correct locations and help us when we do our reconciliations of these accounts.
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Pros
Netchex
  • My Netchex Service Team is very responsive and friendly. They are willing and able to spend the amount of time needed on one call to troubleshoot most problems or answer questions.
  • Their recent updates to the employee dashboard have been well-received by our seasonal team. Employees are able to quickly find what they are looking for which has minimized the amount of requests that my team receives regarding questions on pay or updating personal information.
  • Online W-2 forms have been a game-changer for us since moving to Netchex. Our staff tend to move around a lot and most do not get the mailed copy of their W-2. The electronic consent has saved me hours and hours of time.
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WEX
  • In my opinion, poor application of IRS rules
  • In my experience, frequent denial of coverage to be later reversed
  • In my experience, poor complain processing rules
  • need PAPER checks to be sent if you need to reimburse them. PAPER! They don't accept credit cards. A credit card processing company that doesn't accept credit cards.
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Cons
Netchex
  • SOME CUST SVC REPS MAY NEED ADDITIONAL TRAINING ON WORK AROUNDS
  • WOULD PREFER TO CHAT WITH SOMEONE, SOMETIMES WORDS IN TEXT COULD BE MISINTERPRETED. ALSO SPEAKING TO SOMEONE IS ALWAYS A POSITIVE
  • NOT REALLY ANYTHING ELSE BUT HAVE BEEN USING THEM 3 MONTHS SO NOT LONG INTO IT.....VERY EASY SYSTEM AND LOVE I CAN DO A NEGATIVE INSTEAD OF HAVING TO CALL AND ASK THEM TO DO IT ON THEIR END.
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WEX
  • In my experience, WEX has an inability to connect with other entities on the supply chain (bswift, internal benefits department).
  • Slow support request turnaround (3-5 business days).
  • Makes FSA substantiation unnecessarily difficult.
  • Even when there’s a single itemized receipt for all charges, every charge must be substantiated with a separate upload.
  • Even though doing so would satisfy IRS guidelines, WEX won’t accept third party explanations of services as FSA substantiation.
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Likelihood to Renew
Netchex
Easy to work with.
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WEX
No answers on this topic
Usability
Netchex
Very user friendly and great interface.
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WEX
No answers on this topic
Support Rating
Netchex
The first line CE team is phenomenal. They are helpful, friendly, and knowledgeable. We have had less luck with the responsiveness of the tax department. However, their response time has improved drastically over the past year.
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WEX
No answers on this topic
Implementation Rating
Netchex
Implementation took some time but was pretty much error free.
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WEX
No answers on this topic
Alternatives Considered
Netchex
I like that they are not so big that they ignore the small customers. They are also reasonably priced. Their support is excellent, I had worked with ADP in a prior position, and we did not have the same kind of support
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WEX
We formerly used TASC and it was a nightmare. We were not at all confident in their administration or compliance of FSAs, HSAs, or COBRA. When we were looking for a new third party administrator to replace TASC, we were immediately drawn to WEX Health. They offered an easy-to-use website, and it was clear that they were serious about compliance and proper administration of benefits.
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Return on Investment
Netchex
  • Associates can easily access their data and make changes to things like their address and direct deposit, saving manager time to focus on more critical tasks within the organization
  • NetRecruitier has one site that can be posted to multiple job boards with one applicant tracking system
  • Electronic Onboarding allows us to get information out to the new employee so we can start with expectations on their first day and they know what to expect.
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WEX
  • It's great to have all of our HSA, FSA and COBRA on one software
  • One software helps reduce redundancy
  • One software helps reduce errors
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