Netchex – Overview, Best Features, And Competitors

• NetChex is one of the best HCM platforms out there in the market.
• Employers can handle every aspect of an employee’s career cycle on NetChex itself. Starting from hiring employees to onboarding and processing payroll — everything is done smoothly on Netchex.

If you do not want to use Gusto or Wave Payroll for processing payroll or calculating taxes, then you can try NetChex. They have been serving more than 5000 businesses for 20 years.

The industry experience of this Platform alone is enough to consider it as your company’s payroll processing software.

However, the pricing quotation is not easy to get. Also, some reasonable cons might make you reconsider before paying for a subscription.

I think a calculative decision is better than regretting later. So, go through this review of NetChex to find out if it is good for you.

What Is Netchex?

NetChex is a comprehensive HCM platform that allows small and medium-sized businesses to process payroll and calculate tax. In fact, it does more. Similar to the Paychex Flex and or ADP RUN, you can also use NetChex for PTO requests, time tracking, pay stubs, employee self-service, withholding, benefits administration, and more.

Most of the features available on this Payroll processing platform are similar to the ones we had before. The hiring and onboarding features help the HR team and the employers; the pay stub and the self-service features through NetChex also help employees to access their own employment information.

Netchex Payroll Features

NetChex is the payroll platform allowing you to connect and create a conjunction point for all the different departments in the business. Here are the different features you can expect on this Platform –

Integrated Payroll Service

NetChex allows seamless business operation by integrating different payroll-related features. For example, businesses can use it for time and attendance checks, benefits administration, analytics, employee reporting, employee self-service, and PTO requests. The Platform also enables seamless communication making the workflow and operability inside the organization better than you can expect.

Different Pay Options

Netchex allows businesses various forms of payment. Depending on the type of employees an organization has, they need to stick to different payment methods. Businesses might choose to pay using cash, paper paychecks, pay cards, and more. The varied payment optician allows businesses to pay contracted workers, remote workers, or salaried or part-time employees.

Here are some of the possible payment options –

• Direct deposit
• Paper paychecks
• Pay cards

Accurate Accounting

There is no need to keep wasting your time processing payroll manually or accounting differently. With Netchex, you can reduce the chances of errors and stop worrying about compliance issues.

Employers have the benefit of electronic IRS filing, paying withdrawals, and streamlining tax processes. They can also automate data pulls, reduce manual errors and save time. Businesses can also stay on top of their W2 preview features, follow their weekly tax statements, and maintain tax reporting. Also, state and federal tax compliance is simple and easy with Netchex.

Time Tracking

NetChex offers the best in class time tracking features for the HR department of every business out there. They provide employers with web-based customizable clock capabilities. Scheduling and labor cost management has become more efficient and accurate thanks to the time-tracking feature. There are job-based scheduling suggestions, overtime tracking, and more features to be enjoyed.

Employee Benefits Administration

Build a healthy and happy organization through the help of the netChex benefits administration feature. Netchex empowers employees to have better control of their benefit coverages. The EDI feeds, Digitized forms, and COBRA administration are beneficial for both the employers and the employees.

Pros And Cons Of Using NetChex

Aside from having all those different benefits, there are some drawbacks to using Netchex. Their pricing model is one of them. But let’s start by looking at all the good things NetChex has to offer.

Pros

• The Platform does not have a steep learning curve. Also, it is powerful enough to handle the complete life cycle of an employee.
• The Platform is accessible through different.
• NetChex has a reputation for providing award-winning employee satisfaction.
• Netchex offers solutions that prioritize the experience your organization is able to provide to your company.
• They quickly respond to new requirements and regulations thanks to their in-house development team.

Cons

• The pricing quotation is difficult to get. Many users often get frustrated to provide detailed information before getting a proper pricing quote.
• There is no free trial version available.

NetChex Pricing

The pricing plans of Netchex have two sides. Since there is no flat pricing plan, it is easier for businesses that prioritize flexibility over budget. But, if you want everything to come under a flat budget, then NetChex is not for you. The plans are based on per month and per employee basis. However, the minimum fee for the services of NetChex depends on the plan you choose. There are four different plans.

• Core
• Connect
• Comply
• Complete

The core plan offers the following features –

• Payroll and Tax
• Manager Self-Service
• Employee Self-Service
• Employment Verification Services
• Time and Attendance

The connect plan adds onboarding, talent management, and more features on top of the core features. The Comply plan adds Core Plan features, ACA Central, NetBenefits, E-Verify, COBRA Admin, NetPerform, and more. But, the Complete package offers all the features NetChex has to offer to its users.

Is NetChex Good For Your Business?

NetChex has the experience of more than 20 years in the payroll platform industry. They adhere to some strict policies, oversight, and practices. There are different checks and balances in place to stop fraud or dual authorization.

Their pledge to value their clients and collaborate with them to solve different issues makes them one of the most trustworthy Payroll processing platforms. The massive number of more than 5000 served businesses and 20+ years of experience make NetChex a great payroll processing platform.

The Platform maintains Nacha certification for stable and accurate core practices. Also, they have upheld their reputation throughout the years to gain many customers’ trust. Doubtlessly, it is one of the best payroll processing services out there.

Final Verdict

Users do not have to spend lots of time setting up or implementing the payroll platform for their business. This is a huge plus point. Also, Netchex is backed up by great knowledgeable staff. Also, their customer service is not difficult to get hold of. Taking all these factors into account (also the pricing plans in addition,) NetChex seems like a reliable payroll software.

However, you can still go for other options we have previously mentioned. I hope that this review was helpful. If you need any additional help, please let us know through the comment section.

Read Also:

• OnPay Review – The Positives And Negatives
• TriNet: A HRMS Software Review – Let’s Find Out
• Justworks: How These Payroll Services Work? – Let’s Discuss