Solex Payroll Systems, Inc.
Solex Payroll Systems, Inc. (Solex HCM) is a Stoughton, MA-based payroll and HCM services firm founded in 1998 that resells and supports the iSolved People Cloud platform, serving small and mid-sized businesses across 11 U.S. verticals with subscription, managed payroll, and HR consulting offerings.
- Company typePrivate
- Founded1998
- HeadquartersStoughton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Solex Payroll Systems, Inc. does
Solex Payroll Systems, Inc., operating as Solex HCM, is a private U.S. workforce management consulting and payroll services firm founded in 1998 and headquartered in Stoughton, Massachusetts. The company sells and supports the iSolved People Cloud human capital management platform as a network partner, layering its own consulting and managed services on top of the underlying technology. Its service portfolio spans payroll and tax compliance, managed payroll, benefits administration including 401(k) integration, core HR, talent acquisition, onboarding, time and labor, scheduling, expense management, mobile workforce access, offboarding, performance management (via iSolved Share and Perform), and learning management (via iSolved Learn & Grow). It also integrates third-party solutions for workers' comp pay-as-you-go and payroll debit cards.
Solex generates revenue through three primary streams: recurring subscription fees for the HCM platform, managed payroll services where Solex operates payroll on the client's behalf, and professional HR consulting engagements. Pricing is quote-based, set per employee count and per module selected, billed annually. The go-to-market is sales-led, with consultation and demo request forms on the website, phone sales, and email nurture through HRC and HCM newsletters, supported by 2024 third-party awards including Forbes Advisor Best Payroll Software and G2 Best Software in Payroll.
The customer base is described as SMB-focused across at least 11 verticals including construction, restaurants, manufacturing, health and wellness, cannabis, auto dealerships, transportation, entertainment, accounting, retail, and technology, with reported average customer tenures exceeding five years. Note that the headline figure of 177,000 employers and 7 million+ employees served nationwide appears to reference the broader iSolved platform ecosystem rather than Solex-only accounts, given the company's 11-50 employee scale. Solex is privately held with no disclosed institutional investment, parent company, funding rounds, or named executive leadership in available sources.
Solex Payroll Systems, Inc. firmographics
Firmographics- Name
- Solex Payroll Systems, Inc.
- Legal name
- Solex Payroll Systems, Inc.
- Website
- https://solexhcm.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Solex Payroll Systems, Inc. (Solex HCM) is a Stoughton, MA-based payroll and HCM services firm founded in 1998 that resells and supports the iSolved People Cloud platform, serving small and mid-sized businesses across 11 U.S. verticals with subscription, managed payroll, and HR consulting offerings.
- Ownership category
- akta.pro rank
Solex Payroll Systems, Inc. industry classification
Industry- Product category
- Payroll and Human Capital Management Services
- NAICS
- Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)
- akta.pro secondary industries
- Full-Service Payroll Processing (BPACAIAA), Payroll, Time & Attendance (BPACAPAB), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)
Keywords
Where Solex Payroll Systems, Inc. is headquartered
LocationHeadquarters
- HQ city
- Stoughton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Solex Payroll Systems, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- HCM Platform Subscription: Recurring subscription revenue from providing access to the iSolved-powered HCM platform covering payroll, HR, benefits administration, time tracking, and talent management modules.
- Managed Payroll Services: Full-service payroll processing where Solex manages payroll operations on behalf of clients, including tax compliance and filing.
- HR Consulting: Professional consulting services for human resources strategy, compliance, and workforce management optimization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on company size and selected modules |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Solex Payroll Systems, Inc. product offering
Product offeringCore offering
Solex Payroll Systems provides a unified all-in-one Human Capital Management (HCM) platform powered by iSolved People Cloud that integrates payroll and tax compliance, HR, benefits administration, 401(k) integration, talent acquisition, workforce management, performance management, and learning management into a single cloud system. The company also offers managed payroll services where its team handles payroll processing and tax compliance on behalf of clients, and HR consulting services for workforce strategy and compliance advisory.
Product overview
Solex Payroll Systems provides a unified all-in-one Human Capital Management (HCM) platform built on the iSolved People Cloud technology. The platform integrates core payroll and tax compliance capabilities with comprehensive HR functions, benefits administration, talent acquisition (attract & hire and onboarding), workforce management (time & labor, scheduling, expense management, mobile workforce app, offboarding, workflow notifications), and talent management (performance management via iSolved Share and Perform, and learning management via iSolved Learn & Grow). The platform serves 177,000 employers and 7 million+ employees nationwide, offering both self-service and managed payroll service options, with add-on integrations for workers' compensation, 401(k) plans, and payroll debit cards.
Differentiator
Problem solved
Functional benefit
Brands
- iSolved Integrations: Integration marketplace for connecting iSolved HCM platform with third-party applications
- Learn and Grow
- Share and Perform
Products and services
- Solex HCM Platform An all-in-one Human Capital Management platform subscription that integrates payroll, HR, benefits administration, 401(k) integration, talent acquisition (attract & hire, onboarding), workforce management (time & labor, scheduling, expense, mobile, offboarding), performance management (iSolved Share and Perform), and learning management (iSolved Learn & Grow) for U.S. employers across 11 verticals.
- Managed Payroll Services A full-service payroll offering in which the Solex team manages payroll processing, federal, state, and local tax calculations, filings, and compliance on behalf of the client, designed for businesses that want to outsource payroll operations.
- HR Consulting Professional HR advisory services covering workforce strategy, compliance frameworks, and HR best practices, provided as a standalone engagement or in conjunction with the HCM platform for businesses that need strategic HR guidance.
Quantifiable outcome
- Serves 177,000 employers covering 7 million+ employees nationwide
- +2 more outcomes
Companies that use Solex Payroll Systems, Inc.
Customer profileNamed customers1 record
Segments12 records
Ideal customer profiles2 records
Solex Payroll Systems, Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature5 records
Solex Payroll Systems, Inc. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- iSolved (HCM Platform Provider)coreiSolved is the underlying HCM platform provider powering Solex's payroll and HR services. Solex operates as a network partner/ reseller of the iSolved People Cloud platform. The partnership provides access to the iSolved integration marketplace including SmartPay, PayKonnect, and Fintwist integrations.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Solex Payroll Systems, Inc. competitors and assessment
Company assessmentDirect peers
- Paychex: Paychex is a leading SMB payroll and HCM provider serving small and mid-sized businesses, directly overlapping with Solex's target segment of companies needing integrated payroll, HR, and benefits administration.
- Gusto: Gusto is a venture-backed payroll, HR, and benefits platform built for small businesses with transparent pricing and PLG motion, competing head-to-head with Solex in the SMB segment through a more modern self-serve delivery model.
- Paylocity: Paylocity is a mid-market HCM and payroll SaaS platform offering integrated HR, payroll, talent, and workforce management—directly comparable to the iSolved-powered Solex HCM stack but focused on a slightly higher employee-count band.
- Justworks: Justworks is a PEO providing payroll, benefits, HR, and compliance to SMBs via subscription model, competing with Solex's managed payroll service offering in the same small-business buyer segment.
- Rippling: Rippling is a fast-growing unified workforce management platform covering payroll, HR, IT, and finance, competing with Solex's all-in-one HCM proposition through a modern cloud-native architecture aimed at the SMB-to-mid-market segment.
- Zenefits: Zenefits is an SMB-focused HR, payroll, and benefits platform with a SaaS delivery model, directly competing with Solex's HCM and benefits administration modules in the small-business segment.
Broad incumbents
- ADP: ADP is the dominant incumbent across payroll, HCM, and workforce management with a broad portfolio (Run/Workforce Now/Vantage) serving SMBs through enterprise, directly competing with Solex in the SMB payroll and tax compliance market.
- Workday: Workday is a large enterprise HCM and payroll platform; while its core focus is enterprise, its Workday Go and mid-market moves bring it into competition with Solex for larger SMB accounts scaling up.
- UKG (Ultimate Kronos Group): UKG provides HCM, payroll, and workforce management for SMB through enterprise, overlapping with Solex's HCM, payroll, and time & labor modules—particularly relevant given Solex's strength in workforce management use cases.
Others
- iSolved: iSolved is the underlying HCM technology platform provider and Solex's core strategic partner; it also competes indirectly with Solex via its own direct sales force and other network partners, making it both an enabler and a partial substitute.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Solex Payroll Systems, Inc. social profiles
Digital presenceSolex Payroll Systems, Inc. compliance and trust
Trust signalCompliance2 records
Solex Payroll Systems, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solex Payroll Systems, Inc. leadership team
Management profileNumber of profiles
Solex Payroll Systems, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solex Payroll Systems, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solex Payroll Systems, Inc.
What does Solex Payroll Systems, Inc. do?
Solex Payroll Systems provides a unified all-in-one Human Capital Management (HCM) platform powered by iSolved People Cloud that integrates payroll and tax compliance, HR, benefits administration, 401(k) integration, talent acquisition, workforce management, performance management, and learning management into a single cloud system. The company also offers managed payroll services where its team handles payroll processing and tax compliance on behalf of clients, and HR consulting services for workforce strategy and compliance advisory.
Is Solex Payroll Systems, Inc. a public or private company?
Solex Payroll Systems, Inc. is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Solex Payroll Systems, Inc. founded?
Solex Payroll Systems, Inc. was founded in 1998. It employs 11 to 50 people.
Where is Solex Payroll Systems, Inc. based?
Solex Payroll Systems, Inc. is headquartered in Stoughton, United States, in the North America region.
How does Solex Payroll Systems, Inc. make money?
Three revenue lines are on record. HCM Platform Subscription is the primary driver. The others are managed Payroll Services and HR Consulting.
Who are Solex Payroll Systems, Inc.'s main competitors?
Direct peers on record are Paychex, Gusto, Paylocity, Justworks, Rippling and Zenefits. Broad incumbents are ADP, Workday and UKG (Ultimate Kronos Group). iSolved is listed as an others.
Does Solex Payroll Systems, Inc. have an API?
No public API is recorded for Solex Payroll Systems, Inc..
What industry is Solex Payroll Systems, Inc. in?
Solex Payroll Systems, Inc.'s product category is Payroll and Human Capital Management Services. Its primary akta.pro industry code is BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS), with a secondary code of BPACAIAA, Full-Service Payroll Processing. Its NAICS code is 541214 and its SIC code is 7370.