Paychex positioned to thrive

April 10, 2020 - Research U44

Paychex is a popular provider of payroll and human capital management solutions, with a large portion of its revenue driven by small and midsized businesses. While smaller organizations are set to be hit hardest by economic downturn, the vendor has a broad and diverse customer base, capturing 1 in every 12 workers in the private sector. Nucleus expects Paychex’s market share and strong customer satisfaction to position it well to handle the economic downturn caused by the COVID-19 outbreak and grow its client base as the market consolidates, strengthening its overall standing.