What’s New for November 2024 Product Release
Our latest platform releases in Paychex Flex focus on new solutions that flip the script on your people strategy, helping you with:
- Headcount projections
- Competitive pay range data
- Solutions to unlock unpaid receivables
- Finding the right talent
... and so much more!
Product Introductions
Major Enhancement
HR Analytics AI Insights
HR Analytics provides access to data and operational insights, allowing you to make faster, more informed decisions. Plus, our AI Insights tool lets you leverage conversational AI to answer your workforce questions in seconds without glancing at a dashboard.
Feature Releases
Beneficial Ownership Information (BOI) Reporting
Paychex Funding Solutions
With the help of our Paychex Funding Solutions, you can create cash flow by turning unpaid invoices and inventory into capital to build your business.
Job Target – Posting a Job
Employer State Registration powered by Middesk
Our partnership with Middesk simplifies the tax registration process. Middesk will assist you in registering for state and local tax ID numbers and notify us once an ID is generated.
Paychex Flex Hiring: Candidate Search
You can now easily search for applicants across all job postings using a candidate’s name or email address, simplifying the administrative burdens in recruiting and hiring.
Job Costing & Labor Distribution Mapping
Forget managing multiple data sources. ExpenseWire® and Paychex Flex now maintain Job Codes and Labor Distribution separately, allowing you to track expenses by job cost center.
Minor Updates
- Timecard Batch Actions (Phase 2)
- Attach Documents
- Onboarding Enhancements - Ability to Upload Docs
- Effectivity for Import - Recurring Earnings and Deductions
- Payroll Holds and Error Messaging
- Document Management Dual Signature Extension
- Names, Pronouns and Prefixes
- Paychex Flex Learning Essentials – Employee Dashboard Tile (Phase 2)
Become the Place People Want To Work
Paychex Flex Engage provides features such as an interactive social dashboard, customizable rewards system, simplified compensation management, and performance evaluation tools designed to positively impact your bottom line while helping you develop high-performing teams.
With Paychex Flex Perks, you can show employees that you prioritize their happiness and wellbeing inside and outside work. Offer employees a one-stop shop to find personal, professional, and financial benefit options to support their lifestyle needs.
HR Analytics Premium Plus can offer simple operational insights that allow companies to make faster, better-informed business decisions with pay benchmarking to support compensation planning.
Product Release Categories: What They Mean For You
Product Introduction
New Paychex technology solutions are introduced to address clients’ unique business needs as payroll and HR evolve, accompanied by in-app education and instruction to incorporate the product into your operations successfully.
Major Enhancement
Noticeable improvements are made to existing features in Paychex Flex, expanding the platform’s capabilities and offering you more tools to achieve business goals.
Feature Release
Additional features or enhancements are made to existing areas of the platform to improve overall user experience and efficiency while remaining at the front of the ever-changing technology landscape.
Minor Update
Subtle technology refinements are built to maintain a secure, best-in-class technology solution in the market, ultimately providing you with long-term value.
