New startup adventure into payroll & benefit management.
July 26, 2021

New startup adventure into payroll & benefit management.

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Paychex Flex

Our business is a startup and I use it for all of my payroll and employee benefits needs. From regular periodic payroll and keeping track of all documentation of payroll taxes, etc., and all of the various health and medical benefits. While I have not been in business very long, I will be utilizing them to make distributions to and keep track of basic distributions to the 401K that has been set up for my business. It has been easy to understand and use for someone like myself who is not well versed in employee payroll accounting and benefits administration.
  • Basic employee payroll.
  • Employee health and wellness benefit administration.
  • Employee benefits relating to savings for future goals and retirement plans.
  • Working with new startups in the on-boarding of employees.
  • Could provide a little better-detailed explanation of the various payroll reports that they provide.
  • Makes my payroll quick, easy, and efficient, which is very valuable in a startup.
They have been helpful when I have reached out to them.

Do you think Paychex Flex delivers good value for the price?

Not sure

Are you happy with Paychex Flex's feature set?

Yes

Did Paychex Flex live up to sales and marketing promises?

Yes

Did implementation of Paychex Flex go as expected?

Yes

Would you buy Paychex Flex again?

Yes

I have used it now on a regular basis for my payroll and I have found it to be quite user-friendly.
I believe its services are particularly well suited for a new startup. Particularly, if the owner isn't familiar with payroll accounting, and wants to avoid payroll tax pitfalls. For companies that have larger payrolls, it may be better to take this aspect of the business internal to your organization.

Paychex Flex Feature Ratings

Compliance data (COBRA, OSHA, etc.)
9
Pay calculation
8
Off-cycle/On-Demand payment
8
Benefit plan administration
9
Direct deposit files
9
Salary revision and increment management
8
Approval workflow
8
Balance details
8
View and generate pay and benefit information
8
View company policy documentation
8
Pre-built reports
8
New hire portal
9
Manager tracking tools
6
Notifications and Alerts
9