PrimePay is an all-in-one human capital management (HCM) solution that helps businesses efficiently manage payroll, human resources (HR), time and attendance, and benefits administration. Its user-friendly platform integrates these functions into a single system, simplifying complex tasks, ensuring compliance, and improving operational efficiency.
This comprehensive guide provides an in-depth look at PrimePay’s core features and types of businesses that can benefit from this software.
Trusted by over 14,000 clients, PrimePay software provides a comprehensive suite of features to optimize HR operations and enhance business efficiency. Here’s an overview of its core functionalities:
1. Payroll Processing
PrimePay’s payroll software helps small and midsize businesses (SMBs) automate payroll, eliminate errors, and ensure tax compliance. The software handles essential payroll functions, including managing complex pay rules, on-demand pay, various pay types, and generating employee pay stubs. Used mainly by payroll administrators and HR personnel, it assists them with streamlined operations and allows HR teams to focus on strategic priorities.
2. Time And Attendance
Time theft by employees affects 1 in 5 workers and can reduce a company's yearly payroll by up to 7%. PrimePay’s time and attendance software automates employee time tracking while offering payroll integration. This helps accurate tracking of employee working hours while reducing payroll errors. In this way, businesses can improve efficiency, enabling better staffing decisions and compliance with labor laws.
3. Benefits Administration
PrimePay's ‘Benefits Administration’ platform revolutionizes benefits management using automation while offering a comprehensive employee compensation plan. This includes essential functions such as benefits enrollment, life event changes, built-in reporting capabilities, Consolidated Omnibus Budget Reconciliation Act (COBRA), and Affordable Care Act (ACA) compliance.
4. Applicant Tracking
PrimePay's Applicant Tracking System (ATS) optimizes hiring by managing job postings, onboarding, and AI-assisted resume screening. The software has powerful tools, such as an AI job description generator and robust analytics, to help businesses accelerate recruitment and improve hiring quality.
The software caters to small and large businesses, offering various features that address the challenges of HR and payroll. Whether a small business owner managing multiple tasks or a large enterprise seeking streamlined applicant management, PrimePay provides tailored solutions to fit your business requirements.
Here’s who can benefit the most from PrimePay:
Small And Medium-Sized Businesses (SMBs)
SMBs often face challenges due to limited resources and require efficient, user-friendly solutions for streamlined hiring. PrimePay's comprehensive HCM platform provides SMBs with an integrated system to manage payroll, HR, benefits administration, and applicant tracking systems . This assists with reducing the administrative burden and helps SMBs focus on growth.
Large Enterprises
PrimePay provides a robust, scalable, and customizable platform tailored to meet the complex needs of large enterprises. Its advanced features are essential for payroll administrators to efficiently manage federal, state, and local tax obligations while adhering to regulatory requirements. Additionally, the platform includes comprehensive reporting tools, such as standard and custom reports, dashboards, and data export capabilities, to assist with businesses’ complex requirements.
Healthcare Organizations
Healthcare providers must navigate complex payroll structures, workforce scheduling, and worker's compensation and adhere to strict compliance regulations. PrimePay streamlines payroll and compliance processes, ensuring accurate tax filings, wage garnishments, and adherence to laws like the ACA. Additionally, it helps track employee time and attendance, minimizing errors related to overtime while offering features for talent acquisition.
Non-Profits
PrimePay understands non-profit organizations' unique challenges and provides tailored payroll and HR solutions to enhance efficiency to support their mission-driven work. The software assists them in generating impact reports, analyzing labor allocation by funding source, and maintaining compliance with regulations such as the COBRA and Employee Retirement Income Security Act (ERISA).
PrimePay is a robust payroll and HR solution designed to simplify administrative tasks for businesses of all sizes. Whether you're a small business seeking efficient payroll processing or a large enterprise requiring advanced talent management software , the platform offers flexibility to support your business at every stage. The software streamlines HR operations, enabling you to focus on growth without being burdened by administrative complexities.
