Choosing a payroll provider is an important decision for any business. The provider you choose will have a direct impact on your business' bottom line. Namely and Paychex are two of the most popular payroll providers on the market. They both offer a variety of features and pricing options. So, which one is the best fit for your business? In this article, we'll compare Namely and Paychex side-by-side to help you make an informed decision.

Pricing

Namely and Paychex both offer a variety of pricing options. Namely's pricing is based on the number of employees you have. Paychex's pricing is based on the number of payroll cycles you run per year.

Namely

Namely's pricing starts at $9 per employee per month. This includes all of Namely's features, such as payroll processing, benefits administration, and human resources management.

Paychex

Paychex's pricing starts at $2 per payroll cycle. This includes payroll processing, tax filing, and direct deposit.

Features

Namely and Paychex both offer a variety of features. Here's a side-by-side comparison of some of the most important features.

Payroll Processing

Namely and Paychex both offer payroll processing. This includes calculating taxes, filing payroll taxes, and issuing paychecks.

Benefits Administration

Namely offers benefits administration as part of its payroll processing service. This includes managing health insurance, 401(k) plans, and other benefits. Paychex does not offer benefits administration.

Human Resources Management

Namely offers human resources management as part of its payroll processing service. This includes managing employee records, tracking time off, and managing performance reviews. Paychex does not offer human resources management.

Bottom Line

Namely and Paychex are both popular payroll providers. They both offer a variety of features and pricing options. So, which one is the best fit for your business? It depends on your needs. If you need a comprehensive payroll and human resources solution, Namely is a good option. If you're looking for a more basic payroll solution, Paychex is a good option.