Category: S3 Conference

S3 Series | Three Payroll Mistakes DIY Employers Make | Apex HCM

According to a recent report by Raleigh, NC-based procurement intelligence firm Beroe, Inc., the global market for payroll outsourcing will rise to upward of $22 billion next year – up from $16.4 billion in 2015. If you’re starting or building a payroll service bureau, a share of that growing opportunity can be yours if you understand just how outsourcing payroll … Continued

S3 Series | Why Small Businesses are More Prone to Payroll Fraud and How Your Payroll Service Bureau Can Help | Apex HCM

In February 2017, a payroll administrator for Oklahoma’s Arrow Heights Baptist Church was hit with five charges of embezzlement by employee for diverting upward of $245,000 to her own pockets, using the stolen money to pay credit card bills, travel and buy concert and theme park tickets. Her ruse came to light only when the church’s pastor opted to outsource … Continued

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

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

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 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

Apex HCM S3 Series: Top Traits of a Highly Coachable Salesperson

Statistics show that companies spend upward of $20 billion a year on sales training. But are all those dollars bringing a return on investment? Unfortunately, no. In fact, on average, just 29 percent of new sales representatives hit performance milestones in their first year on the job. Recent research published in the Journal of the Academy of Marketing Science examined … Continued