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New Paychex Solution Gives Small Businesses Access to Capital
Last paychex, inc. earnings: 3/25 08:15 am
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US:NASDAQ Investor Relations: investor.paychex.com
The company introduces an alternative to traditional loans and credit lines ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Funding Solutions to give small- and mid-sized businesses quick access to capital as business needs arise.Paychex Funding Solutions, which includes Paychex companies Advance Partners and Alterna Capital Solutions, provides up-front capital based on a business’s assets through invoice factoring. It's a solution for payroll, vendor payments, and growth reinvestment and is available to any business-to-business organization without needing to be a Paychex payroll client.“Lack of capital is the top reason that small organizations go out of business – and meeting payroll obligations can be one of the biggest hurdles, regardless of the economic climate,” said Liz Roaldsen, Paychex senior vice pre
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