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Paychex Receives National Award For Excellence In Risk Management

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, has again been recognized by Treasury and Risk magazine for excellence in enterprise risk management. Paychex earned a bronze Alexander Hamilton Award in the Enterprise Risk Management category for innovation in translating risk modeling methods to top-line strategy improvements.

“It is an honor for Paychex to again be recognized by Treasury and Risk magazine for our work in risk management,” said Frank Fiorille, senior director of risk management at Paychex. “It is rewarding to be part of a company and team that takes so much pride in implementing best practices to provide great service and benefits to America’s businesses.”

The Alexander Hamilton Awards, now in its 17 th year, are sponsored by Treasury and Risk magazine and recognize excellence and innovation in finance and treasury management at organizations and corporations around the world. Juniper Networks and Aon were the gold and silver award winners in this category, respectively. This is the seventh consecutive year Paychex has been recognized with an Alexander Hamilton Award.

About Treasury & Risk

Treasury & Risk magazine is a leading monthly business publication for senior financial executives. Treasury & Risk’s Alexander Hamilton Summit, now in its 17th year, recognizes excellence in treasury management and finance at the nation’s top companies and multinationals, and has served as a benchmarking standard for chronicling the best practices and evolution of treasury and finance departments. Over the years, the awards program has recognized flagship companies such as Cisco, Google, Honeywell, McDonald’s, and Microsoft.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 567,000 payroll clients as of May 31, 2012. For more information about Paychex and our products, visit www.paychex.com.

Stay Connected with Paychex

Twitter: www.twitter.com/paychex

Facebook: www.facebook.com/paychex

LinkedIn: http://www.linkedin.com/company/paychex/products

Copyright Business Wire 2010

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