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