SurePayroll
Encyclopedia
SurePayroll is an online payroll
Payroll
In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons...

 provider for small businesses employing one to 100 employees. Founded by Scott Wald in 2000, SurePayroll introduced online Software as a Service
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...

 (SaaS) payroll and payroll-tax filing process for small businesses interested in outsourcing their payroll. On February 9, 2011, Paychex acquired SurePayroll. The company remains headquartered in Glenview, Illinois Glenview
Glenview, Cook County, Illinois
Glenview is a suburban village located approximately north of downtown Chicago in Cook County, Illinois. As of the 2000 census, the village population was 41,847...

, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

 as a wholly owned subsidiary of Paychex.

History

Scott Wald founded SurePayroll in Highland Park, Illinois in January 2000 as the first online payroll service to pay and file its customers’ payroll taxes.

In late 2004, SurePayroll released its Small Business Scorecard that analyzes its customers' payrolls every month to determine the state of the small business economy.

In December 2009, SurePayroll became the first payroll company to have a payroll iPhone app, allowing customers to process payroll on their iPhones, iPod touches, or iPads.

On December 9, 2010, Paychex
Paychex
Paychex, Inc. is a payroll and human resource service company which serves approximately 572,000 businesses in the US. The company is headquartered in Penfield, New York and has more than 100 locations across the country...

 announced its intention to acquire SurePayroll. The acquisition was completed on February 9, 2011, for $115 million cash.

Awards

  • 2010 CPA Technology Advisor Accounting Technology Innovation Award
  • PC Magazine Editors' Choice
  • Inc. 500 Fastest-Growing Companies

Primary Competition

  • ADP
    Automatic Data Processing
    Automatic Data Processing, Inc. Automatic Data Processing, Inc. with about $10 billion in revenues and approximately 545,000 clients, is a provider of business outsourcing solutions. ADP offers a range of human resource, payroll, tax and benefits administration solutions...

  • Paycycle
  • Paylocity Corporation
    Paylocity Corporation
    Paylocity Corporation is a provider of online payroll and human resource solutions. It operates primarily a software-as-a-service business model. Its competitors include ADP and Paychex.- History :...

  • Intuit Online Payroll
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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