Paychex acquires expenses report manager ExpenseWire to improve its workforce solutions
Summary
Paychex, the provider of payroll, HR and benefits solutions for small and medium-sized businesses, has acquired the expense report company ExpenseWire from Rearden Commerce. The software includes a system which allows clients to automatically create, edit and submit expenses from receipts, credit cards and other booking tools, as well as a review feature that can be used to detect any fraudulent activity. In a press release issued today, Paychex said the acquisition would help the company to improve its Paychex One-Source Solutions, which is a package of workforce services that include administrative support and benefit plan options. “We are thrilled that ExpenseWire has found a good home with our long standing partner Paychex,” said Patrick W. Grady, founder and CEO, Rearden Commerce. Read next: A worm is hijacking Tumblr blogs and posting spam, said to affect thousands of accounts (Update: Fixed)
Classifications
AskAI Classifications
LabelsLinked Companies
