Paycheck Inc. Adds New Services for Small Business Clients

Paycheck Inc., a wholly owned subsidiary of Sareen and Associates that has been providing HR and Payroll services to small businesses nationwide for over two decades, has expanded its service offering this month. The HR/Payroll services provider has added the following to its business services menu: Arun Sareen, the president of Paycheck Inc., stated, "For us, it's always been all about service and making it easier for small business owners to manage their business and stay in regulatory compliance while doing so, and, to do this in the background, quietly, requiring a minimum of effort on the business owner's part. We've been doing this for 23 years now, nationwide. We pay people the right amounts, on time, and keep our clients out of trouble with all the regulatory entities."

Spotlight

Spotlight

Related News

SMALL BUSINESS TRENDS

Small Business Hiring Experiences Flat Reading in November

CBIZ | December 13, 2023

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.15% in November after experiencing two consecutive months of declines in hiring. The CBIZ SBEI tracks payroll and hiring trends for over 3,100 companies that have 300 or fewer employees, providing broad insight into small business trends. said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC. Up to this point, month over month employment trends have tightened in range compared to the SBEI historical data Even if small businesses are not inclined to hire in large numbers considering the uncertain economic environment, they are also not willing to lay off workers easily. [Source -Business Wire] The Bureau of Labor Statistics’ employment report indicated hiring growth that barely beat expectations. The November reading showed an overall increase of 199,000 private-sector jobs. Given the overall hiring growth, the national unemployment rate fell slightly to 3.7%. The report is inclusive of all non-farm private employers across businesses of all sizes. Meanwhile, the ADP employment report indicated hiring growth among small, medium and large-sized companies. Its November reading showed an overall increase of 103,000 private-sector jobs for the month. Small businesses accounted for an increase of 6,000 of those jobs on a seasonally adjusted, month-over-month basis. The ADP report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer. From a regional perspective, the West (1.72%) was the only region to report an increase. The Central (0.05%) and Southeast (-0.07%) regions both showed a flat reading, while the Northeast (-0.28%) experienced a decline. On an industry level, gains in employment were seen in Management, Transportation, and Utilities. Industry decreases were observed in Agriculture, Fishing and Hunting, Information, and Rental and Leasing Services. Rathbun added, “Out of the industries that shed jobs, Information stands out. As companies tighten their belts, spending on advertising as well as publishing, telecommunication, and broadcasting can end up on the chopping block. Attrition in employment for these services may help to complete the picture of American enterprises becoming leaner through the end of the year.” Additional takeaways from the November SBEI include November’s snapshot: 19% of companies in the index increased staffing, 61% made no change to their headcounts and 20% reduced employment totals. Industries at-a-glance: Management, Transportation, and Utilities experienced hiring gains. Decreases were seen in Agriculture; Fishing and Hunting, Information; and Rental and Leasing Services. Geographical hiring: The West (1.72%) reported a hiring increase, while the Central (0.05%) and Southeast (-0.07%) regions both showed a flat reading. The Northeast (-0.28%) experienced a decline. What’s next? While most areas of the United States saw flat to negative employment trends, the West stood out with a large increase. This increase was broad-based, not isolated to any industry or sector that might suggest something more meaningful. It remains to be seen how the year will wrap up. About CBIZ CBIZ is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 120 offices in 32 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S.

Read More

FINANCE

YuLend announces strong performance, reaching 150,000 SME fundings since its inception

YouLend | December 14, 2023

YouLend, the leading global embedded financing platform, has reached a major lending milestone, successfully providing 150,000 instances of funding to small to medium-sized enterprises (SMEs) across the UK, EU, and the US, since its launch in 2015. It's estimated that YouLend-backed SMEs have contributed £6.8 billion in revenue to the GDP across our core markets, and have experienced a 26% uplift in sales in the 6 months following funding. The funding milestone follows YouLend's successful expansion in recent years into the US and major European markets, including Germany, Netherlands, Poland, and Spain. In addition to expansion, YouLend has also seen sustained growth in the UK and Ireland, making it one of the largest embedded finance platforms globally. The growth has accelerated from newly secured partnerships with leading ecommerce and payments platforms such as Amazon, Just Eat Takeaway.com, and Dojo. YouLend recently published an impact report, The Widening Access to Capital Report, which found that YouLend attracted 12% more applications from female-led businesses and was more than twice as likely to finance female-led businesses than the UK average. The report also indicated that YouLend makes fast, accurate lending decisions thanks to its sophisticated, AI-driven decision-making model which leverages a broad range of financial data to paint an accurate picture of a business's health. This enables a 90% approval rate for YouLend applicants - well above the 64% average in the UK SME lending market. The unbiased model also enables YouLend to grant financing to SMEs who have been underserved by traditional finance providers. As a result, over half (58%) of YouLend's total 150,000 instances of funding went towards two of the most deprived regions in the UK, serving low-income business owners. Jakob Pethick, Chief Commercial Officer at YouLend, comments: "This milestone underscores YouLend's growth across the US, UK, and the rest of Europe as we continue to invest in our platform. "At the heart of our mission is a commitment to supporting businesses with finance wherever and whenever they need it. This is why we will continue to work with our strategic partners to empower businesses with fast, flexible, and fair financial products to grow and thrive." About YouLend YouLend is the preferred embedded financing platform for many of the world's leading e-commerce platforms, tech companies, and payment service providers. YouLend's embedded finance platform offers fast, flexible, and fair financing to businesses, enabling YouLend's partners and their merchants to unlock revenue and growth opportunities globally.

Read More

TECHNOLOGY

Rokt to Acquire AfterSell to Expand SMB Offering and Unlock More Relevant Experiences for Shopify Customers

PR Newswire | January 12, 2024

Rokt, the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, today announced it has agreed to acquire AfterSell, a Shopify and Shopify Plus partner that helps ecommerce merchants upsell and cross-sell. Through the acquisition, Rokt will strengthen its SMB offering and expand its client portfolio to more than 20,000 SMB merchants, while giving them access to the same network and powerful AI technology built for large enterprises. The transaction is expected to close by February 1, 2024. Terms of the deal were not disclosed. The acquisition will build on Rokt's own Shopify app, Rokt Ecommerce, which leading merchants such as BlendJet and True Classic use to unlock additional revenue and provide a more relevant shopping experience to their customers. Rokt Ecommerce optimizes the checkout process, from the cart to confirmation page, and deepens brands' customer relationships by presenting highly relevant offers to each shopper during the transaction moment. AfterSell enables Shopify merchants to increase sales with personalized cart, checkout and post-purchase upsells. Brands including Good American, KitchenAid, HexClad, Miami Heat and Bloom Nutrition use AfterSell to increase AOV and customer retention. The AfterSell product offering also includes UpCart, a fully featured cart drawer specifically designed to increase AOV and reduce cart abandonment. Rokt will further invest in its SMB Shopify offering by combining the complete capabilities of AfterSell and UpCart with the existing Rokt Shopify app to build a more robust product for merchants. AfterSell was co-founded by Armon Shokravi, Dhruv Patel, Landon Fuhr and Varun Kundra in 2019. "AfterSell has built a brilliant roster of SMB clients on Shopify and has garnered hundreds of five-star reviews from merchants, which is a testament to how well it delivers," said Bruce Buchanan, CEO of Rokt. "This acquisition strengthens our competitive advantage by enabling us to better serve SMB customers and provide access to advertisers that aren't typically available to them. We're also thrilled to bring the AfterSell team's knowledge and expertise into our organization." This acquisition provides more tools to Rokt Shopify app users to enhance their customers' shopping experiences while boosting revenue. Additionally, Rokt Shopify users can now look forward to enhanced assistance from AfterSell's Canada-based team, which Rokt plans to grow significantly in 2024 and beyond. Rokt's exclusive, closed marketplace leverages intelligence powered by more than 5 billion transactions across hundreds of leading ecommerce businesses, allowing merchants to create a seamless customer experience while also controlling the types of offers eligible to be displayed to their customers. The acquisition news follows a year of significant growth and new initiatives for Rokt, including a partnership with Formula 1's 2023 championship team, Oracle Red Bull Racing, as well as several key appointments to its executive leadership team, including Chief Product Officer Srishti Gupta and Chief Marketing Officer Doug Rozen. About Rokt Rokt is the global leader in ecommerce technology, enabling companies to drive incremental value from every transaction by unlocking relevant messages at the moment customers are most likely to convert. Rokt's machine learning platform, built over the last 10 years, and scaled network powers billions of global transactions annually for the world's leading companies, including Live Nation, AMC Theatres, PayPal, Uber, Hulu, Staples, GoPuff, Lands' End, and HelloFresh. Headquartered in New York City, the company operates in 15 countries across North America, Europe and the Asia-Pacific region and has been recognized as one of the fastest-growing private companies in the US by Inc. for the last three years in a row.

Read More