Payroll Software is basically an application that is used by businesses of all sizes to manage, consolidate, and automate the entire employee payment process. This software has the ability to track all payments and preserve all payment records. An effective payroll software typically allows the management to monitor time and attendance, tax information, and pay structure. A good quality payroll software integrates effortlessly into current company procedures. Payroll software is normally created by third-party human resources technology corporations to improve their operations.
360Quadrantshas shortlisted some of the Best Payroll Software providers in the market. This study will surely enable buyers to know more about payroll software and make the most feasible choice based on their requirements. All the payroll software providers in this study have been compared against their products offered and business strategies and were positioned on a quadrant, which is updated every three months. 360Quadrants also provides a SWOT analysis and helps these software providers understand new opportunities and areas of improvement.
Payroll Software Companies Quadrant Positioning
360Quadrants has assessed 35 software vendors that offer payroll Software, out of which 30wereplaced on a quadrant under the categories: Visionary Leaders, Innovators, Dynamic Differentiators, and emerging Leaders.
ADP, Paylocity, Kronos Payroll Software, Paychex Flex, Paycom, Ceridian Dayforce, Workday HCM, QuickbooksDesktop Pro, Gusto Payroll, and UltiPro Payroll Software have been identified as Visionary Leaders in the Payroll Software market.
Zenefits Payroll Software, Perk Payroll, Opfin, and KPI Payroll Software have been recognized as the Innovators in the Payroll Software market.
TriNet, Cascade, Vista, PocketHCM, Paycor, Namely, RISE, and APS Payroll Solutionhave been positioned as the Emerging Companies in the Payroll Software market.
PAYBOOKS, Paycheck, WALLET HR, Payroll Manager, Justworks, PayDay!, Rippling, and Patriot Payrollhave been identified as Dynamic Differentiators in the Payroll Software market.
360Quadrants Assessment Methodology
360Quadrants has very carefully curated and evaluated the Top Payroll Software providers. These software providers were evaluated based on more than 90 precisely selected data pointers, which were collected based on the product and business strategy of the software provider, and the data received from buyers as well as industry experts. All of these data pointers were assigned a specific weightage, post which they were measured. This study also helps the analysts to compute the overall score based on which the payroll software providers were ranked and positioned on 360Quadrants.
360Quadrants is the largest marketplace looking to disrupt USD3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. It provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.