Paychex Makes a Move

For years, Paychex has been a major accounting firm, offering payroll and other services for small to medium-sized businesses. Recently, the firm found itself in the news as it announced its new move to cloud accounting. Like many accounting firms before it, Paychex has stepped into the future and has partnered with Kashoo via an equity investment.

Though the exact total of the investment is being kept under wraps, both by the accounting firm and by Kashoo, it must have been fairly sizable since Paychex will likely be placing two executives on Kashoo’s board, a privilege Paychex received as part of the agreement.

In this day and age, it is important for businesses that offer accounting services to stay as technologically advanced as possible in order to meet the ever-growing and changing demands of customers. For the most advanced accounting help in the Naperville area, contact Susan S. Lewis, Ltd.

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• Cloud accounting developer Kashoo gets infusion from payroll giant Paychex (zdnet.com)