Fiserv’s Clover integrates Paychex HR management solutions
By Pavithra R
Fiserv, a leading global provider of financial services technology solutions, has announced that business owners using its Clover platform will now be able to streamline payroll and time & attendance management with Paychex, a provider of HR, payroll, benefits, and insurance solutions.
Small business retailers leveraging Clover integrated with Paychex Flex, available through the Clover App Market, can now efficiently manage the essential tasks of payroll, time tracking, staffing, and scheduling while helping save time, increase accuracy, and minimize cost.
The Paychex app for Clover provides SMB owners with payroll and time & attendance solutions within a single application. The app enables employees to punch in and out from Clover point of sale (POS) devices to the Paychex Flex platform, empowering merchants with sophisticated functionality and business insights like an absent notifications, employee status board, and labor cost control through time management tools.
“The COVID-19 pandemic has illustrated how critical it is for businesses to continuously innovate and realize efficiencies at every turn. Paychex Flex offers a full suite of HR solutions, enabling our clients to integrate with essential business systems directly. This relationship with Fiserv and Clover significantly streamlines employer operations, delivering a superior client experience and giving employees access to extensive self-service benefits. It also demonstrates our commitment to connect Paychex Flex users with critical business tools to make their time at work as productive as possible,” said Tom Hammond, vice president, Corporate Strategy and Product Management at Paychex.
The strategic collaboration allows Clover retailers to join the more than 680,000 clients already leveraging the Paychex platform for HR, payroll, and benefits. This integration is expected to increase cross selling opportunities for both companies while significantly enhancing the client experience for shared customers. Paychex’s addition to the Clover App Market expands on an existing strategic relationship between the two firms.
“Small businesses are increasingly demonstrating a preference for the convenience and operational efficiencies associated with integrated capabilities, especially across best-of-breed fintech providers. A recent Aite Group survey of small businesses found that more than 85% describe a single entry-way, login and user interface for all major aspects of their business’ money management as beneficial or extremely beneficial. The Clover and Paychex combination is helping small businesses achieve that goal,” said Christine Barry, Research Director at Aite Group.
Clover is a market-leading POS platform with more than 1M devices distributed globally, processing more than $100 B in annualized payment volume. It is a complete business management platform enabling businesses to maximize their operating efficiencies and grow while allowing customers to pay using a debit or credit card or via mobile payment options such as Samsung Pay, Apple Pay, and Google Pay.
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