What is Paychex Flex and how does it work?
Paychex Flex is a cloud-based human capital management (HCM) platform that consolidates payroll, HR, benefits, and workforce management into a single solution. Processing payroll in as little as 30 seconds, it serves businesses of all sizes with automated tax administration, employee self-service, and seamless integration with accounting and productivity tools.
Benefits of Integrating Paychex Flex with Abacum
Automate headcount planning synchronization between Paychex Flex payroll data and Abacum's workforce planning models
Eliminate manual payroll data exports with real-time syncing of compensation, benefits, and tax information into FP&A workflows
Improve budget accuracy by connecting actual payroll expenses from Paychex directly to Abacum's forecasting models
Enable comprehensive workforce analytics combining HR metrics from Paychex with financial performance data in Abacum
Streamline month-end reporting with automatic reconciliation between payroll actuals and financial plans
Create unified dashboards displaying headcount costs, departmental budgets, and variance analysis in one workspace
Support scenario planning using real-time compensation data to model hiring plans and organizational changes


