Apex HCM Blog

S3 Series | Outsourcing: Why Payroll is a Prime Opportunity | Apex HCM

There’s good news for payroll service bureaus looking to boost their client bases and revenues. According to a recent report by Raleigh, NC-based procurement intelligence firm Beroe, Inc., the global market for payroll outsourcing is expected to grow at a CAGR (compound annual growth rate) of 4.4 percent until 2023. This growth rate reflects an increase in market value from … Continued

Five Reasons Your Accounting Firm Should Offer Payroll | Apex HCM

Increasing legislation, DIY software encroachment and a still-tight economy mean that today’s accounting firms increasingly are under pressure to grow revenues and client bases. That’s why so many accounting businesses are adding non-seasonal, year-round services to their offerings – and the savviest among them are offering cloud-based payroll services. A 2018 survey by Accounting Today showed that showed that more … Continued

S3 Series: Minimizing the Complexity & Pain of the Payroll Conversion Process | Apex HCM

For many payroll service bureaus and their clients, the idea of a payroll conversion may seem daunting – perhaps with good reason. “Typically, if someone has told you that they’re incredibly unhappy with their current payroll system yet not willing to change, it means they’ve gone through a conversion that was hard,” says Misty Blakesley, Director of Sales & Account … Continued

Engage, Operate, Grow! Apex HCM’s Align 2019 Annual Conference a Success

Apex HCM’s recent Align 2019 conference featured the debut of a powerful new mobile app, a move to more SBO peer-to-peer instruction, and a celebration of what Chief Executive Officer Robert Digby considers a collective achievement. Last year, Apex HCM was listed among the Inc. 5000 – the iconic business magazine’s annual list of the 5,000 fastest growing private companies … Continued

S3 Growth Series: Managing the Payroll Sales Cycle | Apex HCM

A broad look at B2B sales suggests that the sales cycle is evolving, no matter the products or services offered. Most pointedly, it’s getting longer – 22 percent longer than five years ago, to be precise – and more complex. In one recent survey 58 percent of responding buyers said their decision process was longer in 2017 than in 2016, … Continued

S3 Growth Series: Short Term Promotions that can Boost Your Sales | Apex HCM

Launching a new payroll service or product to boost revenue? Or is your payroll service bureau satisfied with the status quo? A well planned and implemented short-term promotion may prove just the boost to revenue that you need. Whether aiming to build awareness of new offerings, upsell clients on existing product lines or add to your client base, promotions can … Continued

S3 Series: How to Choose the Right Payroll Clients at the Right Time | Apex HCM

They say timing is everything: That old adage certainly applies to identifying and reaching out to prospective new payroll clients.   “Understanding the buyer’s mindset and buying process, including knowing who their influencers are and when they’re going to make major buying decisions is key,” says Misty Blakesley, Director of Sales and Account Management for Apex HCM. Pinpointing these three … Continued

S3 Growth Series: How Cloud-Based Software is Changing the Software Field | Apex HCM

A survey by Forbes revealed that 74 percent of tech chief financial officers say cloud computing had the most measurable impact on their businesses. That’s no surprise considering the growth of cloud-based software over the past decade. Consider these statistics: Public cloud platforms, business services and applications will reach $236 billion by 2020, having grown at a 22 percent CAGR … Continued

Apex HCM S3 Series: Five Top Traits of High-Impact Sales Organizations

No matter the product or service line, today’s B2B sales professionals compete in a fast-paced, technology-driven environment where buyers have high expectations for quality interactions. That’s certainly the case in the payroll software and service industry. Based on a recent Sales Readiness Group survey of some 400 respondents representing more than 20 industries, 44 percent of which boast annual sales … Continued