Nearly 2.5 Million Checks Now Processing On Payentry

MPAY releases web product data with positive growth results

News provided by

Aug 21, 2014, 12:41 ET

ROANOKE, Va., Aug. 21, 2014 /PRNewswire/ -- MPAY Inc., a nationwide leader in providing software and services to independent payroll providers and business service providers, reports continued growth with online payroll and timekeeping solutions for the first half of 2014.

Photo - http://photos.prnewswire.com/prnh/20140821/138489

MPAY logo (PRNewsFoto/MPAY Inc.)

Payentry closed the second quarter with a 10.9 percent increase in checks processed over second quarter 2013 and an increase of 12.79 percent in active companies. Over 2.4 million checks were processed in the month of May. In similar progression, MPAY's time and labor solutions ended the second quarter with a 17.36 percent increase in companies over second quarter 2013 and a 7.31 percent increase in active employees.

Payentry Growth Summary	1^st Qtr 2013	1^st Qtr 2014	2^nd Qtr 2013	2^nd Qtr 2014
Processed Checks (Average)	2,012,377	2,156,002	1,990,695	2,233,181
Companies (Average)	26,012	27,989	24,899	28,551

Time & Labor Growth Summary	1st Qtr 2013	1st Qtr 2014	2nd Qtr 2013	2nd Qtr 2014
Companies (Average)	654	801	660	799
Active Employees (Average)	44,903	46,318	43,243	46,653

"We're working to make Payentry a more comprehensive solution that offers employers everything they need to manage their workforce in one place, including time and labor, retirement services and more. We're excited to see these improvements magnify the success Payentry has had thus far," stated MPAY President & CEO Geoffrey Duke.

About MPAY Inc.
MPAY Inc. was established in Massachusetts in 1995 as a payroll software company and now offers human capital management software solutions. Over 61,000 employers across the U.S. have joined the MPAY Community and now utilize MPAY's products to manage their employees or "human capital" – from acquiring talent to retiring. MPAY's strategic partners include some of the nation's leading payroll service bureaus, accounting firms, employee benefit brokers, financial institutions and human resource outsourcing (HRO) organizations. MPAY is a member of the American Payroll Association, Independent Payroll Providers Association, and The Payroll Group. For more information, visit www.mpay.com.

To learn more about MPAY's products and services or to become a strategic partner, please visit www.mpay.com or contact us via email at [email protected] or phone at 781‐810‐9010.

SOURCE MPAY Inc.