Human resources and payroll management solution provider Paychex is integrating its data into QuickBooks Online to synchronize data for joint customers in real time.
In a press release issued Monday (Dec. 17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants. Users can launch the integration via the “Link and Sync” solution within Paychex GLS, while a specialist will advise customers on setup.
“At the center of any successful business is an accounting system fueled by data,” said Tom Hammond, Paychex vice president of corporate strategy and product management, in a statement. “With this new integration, we’re helping both business owners and our valued accounting partners gain much-needed efficiency and productivity by introducing simple and easy-to-use, real-time data integration that ensures data integrity across platforms.”
Hammond noted that the company has been investing in this data integration capability over the past year as part of its overall strategy of cross-platform data sharing.
In another statement, Kyle Jenke, Intuit QuickBooks‘ leader of global platform and partnerships, noted that the integration reflects the firms’ focus on creating efficiencies and accelerating payments to employees.
Paychex is the latest in a series of QuickBooks integrations announced in recent weeks. Last month, payroll firm ADP enhanced its Accountant Connect functionality to strengthen its existing integration with QuickBooks. In October, supplier payments automation firm Tipalti also announced its QuickBooks Online integration.
The connectivity initiatives reflect the growing importance for corporate accounting platforms to be linked into other financial platforms within the enterprise, so that financial and accounting executives can obtain a holistic view of company finances in real time.
The QuickBooks integration follows Paychex’s acquisition earlier this year of Lessor, a Denmark-based payroll company that will aid the company’s global expansion efforts.