Netchex
Founded Year
2003Stage
Acq - Fin | AliveMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+97 points in the past 30 days
About Netchex
Netchex is a provider of comprehensive web-based payroll, human resource, and benefits administration services. The company offers solutions that streamline payroll processing, automate tax filing, manage time and attendance, administer employee benefits, and support various other HR functions. Netchex serves a diverse range of industries with its integrated HR and payroll solutions. It was founded in 2003 and is based in Covington, Louisiana.
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Expert Collections containing Netchex
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Netchex is included in 1 Expert Collection, including HR Tech.
HR Tech
4,044 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Latest Netchex News
Sep 17, 2024
On Sep 17, 2024 Netchex adds Earned Wage Access (EWA) solution, which allows employees to access their wages as soon as they earn them without waiting for payday Netchex , a leading provider of cloud-based payroll and HCM solutions, is excited to announce the addition of Earned Wage Access (EWA) to its comprehensive platform. Powered by Rain, who has extensive experience in this industry, Netchex EWA allows employees to access their wages as soon as they earn them without waiting for payday. Utilizing EWA allows employees to manage their finances, avoid costly overdraft fees or high-interest loans – ultimately enhancing their overall financial wellness. “The introduction of Earned Wage Access aligns with our mission to enhance the overall employee experience and promote financial wellness,” said Abhinav Agrawal, Chief Product & Technology Officer at Netchex. Netchex’s deeply integrated EWA solution takes the stress out of offering Earned Wage Access for an employer. The solution is free for employers, requires zero setup, maintains compliance, and offers free ACH transfer options to employees with no-strings attached. Employers that offer Earned Wage Access see many benefits: By introducing Earned Wage Access, we aim to alleviate some of the financial burdens faced by hourly employees and deliver a competitive edge to our clients. Boost Job Applications: Offering EWA provides a competitive advantage in attracting job seekers who prioritize financial stability and on-demand pay. Enhance Employee Productivity: Employees with access to their earned wages show greater motivation, reduced stress, and higher productivity. They miss fewer shifts and are more inclined to take on additional shifts. Improve Employee Retention & Reduce Turnover: EWA helps retain talented staff by reducing financial stress, lowering turnover rates, and saving costs associated with hiring and training new employees. One of Netchex’s clients in the hospitality industry shared their experience: “The Earned Wage Access feature has been a game-changer for our frontline employees. They appreciate the flexibility it provides, and we’ve seen a noticeable increase in job applications after we started providing EWA.” “We understand that financial stress can have a significant impact on employees’ productivity,” said Agrawal. “By introducing Earned Wage Access in partnership with Rain, we aim to alleviate some of the financial burdens faced by hourly employees and deliver a competitive edge to our clients.”
Netchex Frequently Asked Questions (FAQ)
When was Netchex founded?
Netchex was founded in 2003.
Where is Netchex's headquarters?
Netchex's headquarters is located at 1155 Highway 190 East Service Road, Covington.
What is Netchex's latest funding round?
Netchex's latest funding round is Acq - Fin.
Who are the investors of Netchex?
Investors of Netchex include GrowthCurve Capital, First Analysis and Primus Capital.
Who are Netchex's competitors?
Competitors of Netchex include Justworks, Viventium, Gusto, Check, Paycor and 7 more.
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Compare Netchex to Competitors
Gusto is a company that specializes in providing integrated online payroll and HR solutions for businesses. Their main services include processing payroll with automated tax filing, managing time and attendance, offering workers' compensation, and administering employee benefits such as health insurance and 401(k) plans. Gusto also offers tools for hiring and onboarding, talent management, and compliance support to ensure businesses can efficiently manage their teams. It was founded in 2011 and is based in San Francisco, California.
isolved is a technology leader specializing in human capital management (HCM) within various business sectors. The company offers a suite of software solutions that automate and integrate HR, payroll, and benefits processes, designed to enhance the employee experience and improve organizational efficiency. isolved primarily serves industries such as healthcare, manufacturing, financial services, construction, retail, and hospitality. It was founded in 1999 and is based in Charlotte, North Carolina.
Rippling serves as a workforce management system that specializes in integrating HR, IT, and Finance applications on a unified platform. The company offers tools to manage and automate the employee lifecycle, secure and configure IT resources, and control financial operations without the need for multiple disparate systems. Rippling primarily serves sectors such as technology, healthcare, retail, manufacturing, marketing, non-profits, professional services, financial services, and restaurants. It was founded in 2016 and is based in San Francisco, California.
AccuPay is a company that specializes in payroll and human resources services within the financial sector. The company offers a wide range of services including payroll processing, tax solutions, human resources solutions, and employment screening. These services are primarily targeted towards businesses in need of financial and human resources management solutions. It was founded in 1969 and is based in Hatboro, Pennsylvania.
Payday is a company that specializes in human capital management in the business sector. The company offers a range of services including HR, payroll, time and attendance management, benefits, and compliance, all aimed at streamlining the employee lifecycle. Payday primarily serves businesses across various sectors, providing solutions designed to enhance payroll and HR needs. It was founded in 1985 and is based in Virginia Beach, Virginia. Payday operates as a subsidiary of Hilan.
Flash operates as a management platform specializing in human resources (HR) and financial services. The company offers solutions for benefits management, talent management, and corporate expense control. Flash primarily serves sectors that require integrated management solutions for HR and financial operations. It was founded in 2018 and is based in Pinheiros, Brazil.
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