Paychex, Inc., a provider of payroll, HR, insurance and benefits-outsourcing solutions for SMBs, has introduced the Paychex Accounting Online product line; a secure cloud accounting app for small businesses. As a SaaS, the accounting solution is accessible through the cloud via major Internet browsers of a free iPad app.
“Our research shows that for most new businesses, determining how to manage their finances is one of the first decisions they make – even before hiring their first employee. We also found they want simpler tools and, ultimately, integration between accounting and payroll. Paychex saw an opportunity to help these businesses through the early stages of their business lifecycle, by leveraging our strengths and delivering an easy-to-use cloud accounting solution,” said Martin Mucci, Paychex president and CEO.
Paychex Accounting Online automates invoicing and billing, tracks expenses and income, and provides business owners with real-time cash flow visibility for a better understanding of their financial position. No specialized knowledge is required to effectively use the app. Paychex has brought their accounting solution to the cloud through a partnership with Kashoo, a leading cloud accounting provider.
“By leveraging Kashoo’s years of experience and industry expertise, we are able to offer new businesses a simple, easily accessible cloud accounting application they need now, and then support those businesses as they start to grow and hire with our full suite of payroll and HR solutions,” said Andy Childs, Paychex vice president of marketing.