Execupay: "More than just Payroll"

Gerald Stowers, CEO

Although payroll systems have always been a core component of business for managing workforce expenses, the requirements and work responsibilities of small and larger businesses can be varied and unevenly distributed. Understanding that small business owners wear “multiple hats” and do not have the time to learn complex payroll systems, Execupay introduced a payroll solution that enables small businesses to take advantage of technology like their larger counterparts. Carefully balancing between capability and usability, Execupay compiles the features used by large organizations, and then tailors the solution according to the need of small businesses— providing the exact payroll capabilities to get the job done. “Acknowledging that not everyone is a power-user, the features of our payroll solution are right on the surface, easy to access, and manage,” explains Gerald Stowers, CEO of Execupay. Easy to use online payroll combined with a “White-glove” customer service experience is Execupay’s “Software-with-a-Service” approach for helping small business.

Execupay also delivers technology solutions to payroll service companies, providing a full suite of products to cover all aspects of a payroll service bureau—forming a conduit to communicate with data—used for services like calculating and paying taxes and submitting ACH files. Targeting large, high volume independent payroll companies, Execupay offers Software-as-a-Service solutions covering core payroll processing, tax filing, ACA management—for transmitting bank files back and forth, built-in CRM, and billing. “Our broad suite of products for payroll companies, allows them to offer products that are specifically geared to the types of clients they serve,” says Stowers. “Our PlatinumPay and PlatinumHR products are geared towards more complex clients and power-users, with richer interfaces, whereas “Xpress” products are ideal for light users,” he adds. To better match organizational needs, Execupay delivers on-premise, cloud, and hybrid offerings.

Our endeavor is to address the specific requirements of small and medium-sized business, as the products that are already in the market are primarily designed for large businesses and corporations

According to Stowers, the trend of web-based applications—encompassing user’s needs such as managing payroll, HR, and recruiting talent through a single login, is shifting from a “single provider experience” to a "best-of-breed" approach using interoperable APIs. "Our solutions can connect and be connected to any solution through powerful modern APIs—whether applications are built together or separately," mentions Stowers. For example, when a company updates a new employee in Execupay Payroll, it automatically triggers events in benefits administration and time and attendance in real-time, all without a large, costly development project to get it going, “Soon a small company will be able to pick and choose various modules for payroll, HR and benefits administration and more from numerous vendors that best suits their specific needs,” adds Stowers.

Execupay’s latest venture has been providing private labeled or white labeled payroll services to organizations that want to offer a branded payroll solution to their small business customers. This enables organizations like banks, accountants, brokers or even retailers to add full-service payroll to their business service portfolio. “This is the fastest growing part of our business and one of the most exciting because we are changing the way people buy payroll services. Small businesses don’t want be limited to the traditional sources for payroll services, like ADP or Paychex, they want to buy things from existing trusted sources like their banker, insurance broker, or accountant”, says Stowers. Execupay’s white-labeled solutions powers payroll services for organizations like BBVA Compass, Sam’s Club and BambooHR. Stowers shares, “Allowing businesses to buy payroll services from existing partners not only makes it easier for them, it often lowers the cost of sale which is savings that can be passed on to the customer.”

Execupay has been leading innovation over the past four decades, providing payroll platforms for the PC in the 80s, Microsoft Windows in the 90s, the Web in 2000, and going mobile in the 2010’s. The firm recently built an embeddable module that allows payroll services within an application—enabling white-labeled partners to embed payroll applications directly into their application. “Customers can access payroll from within currently utilized applications like online banking or HR, making running payroll easier than ever,” Stowers wraps up.