PaymentEvolution Corporation: Company Research Report
Company Overview
- Name: PaymentEvolution Corporation
- Mission: To provide revolutionary, secure, and user-friendly payroll, HR, and benefits management services to small and medium-sized businesses in Canada.
- Founded: 2007
- Founders: No information is available
- Key People: No information is available
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: PaymentEvolution is known for being Canada's largest and most loved cloud payroll, HR, and benefits management service provider, trusted by over 20,000 businesses.
Products
Payroll
- Product Description: A cloud-based payroll service that allows businesses to accurately pay their staff, manage employee records, and provide full access to pay history. The service ensures timely payment remittances and compliance with payroll taxes.
- Key Features:
- Payroll calculation and remittance
- Direct deposit (ePay)
- Automatic CRA remittances
- Integration with various accounting systems (QuickBooks, Xero, Sage, etc.)
- Employee self-service portal (PayChequer)
Benefits
- Product Description: PaymentEvolution benefits packages include health, dental, life insurance, travel insurance, pet insurance, and Health Spending Accounts (HSAs).
- Key Features:
- Customizable benefits packages
- Integration with Canadian accounting software
- Enhanced employee satisfaction and retention
Payments
- Product Description: A secure electronic payment service that allows businesses to pay vendors directly from bank accounts, avoiding traditional payment methods like cheques.
- Key Features:
- Sync invoices with accounting software
- Schedule payments
- Secure digital transactions with bank-grade security
PayChequer
- Product Description: An online employee portal for viewing pay history, tax information, and other related details.
- Key Features:
- Access to full pay history and tax slips
- Secure and convenient employee self-service
- Integration with payroll system, provided for free with all plans
Human Experience (HX)
- Product Description: HR solutions tailored for small and mid-sized businesses, covering compliance, training, performance management, and staffing.
- Key Features:
- Compliance support (ESA, OHSA, health & safety)
- HR consulting services
- Staff relations and company culture improvement
- Training and performance management tools
Evolv
- Product Description: All-in-one client management platform for payroll, invoicing, payments, benefits, and HR.
- Key Features:
- Manage multiple clients from a single interface
- Automated T4, T4A, RL-1, and ROE filing
- Integration with various accounting software
TimeTracker
- Product Description: Cloud-based time tracking system that integrates directly with payroll.
- Key Features:
- Clock-in/out via mobile app or web
- Break tracking and shift reminders
- Schedule creation and management
Workflow (Early Access)
- Product Description: No-code tool for creating, automating, and distributing workflows across teams.
- Key Features:
- Customizable forms and checklists
- Integration with employee data
- Template usage for repeated tasks
Recent Developments
- Recent Developments: No specific developments are mentioned.
- New Products: Workflow (Early Access) and TimeTracker (Early Access) haven mentioned as newer features currently in early access.
- New Features: No new specific features for existing products are mentioned.
- Partnerships: No new partnerships are mentioned.
By consolidating payroll, HR, and benefits management into an integrated platform, PaymentEvolution Corporation provides essential services designed to streamline business processes and ensure compliance, aiding Canadian SMEs in their growth and operational efficiency.
