Equip Payroll Review 2024 Pricing, Features, Shortcomings

Product:
Vendor:
Founded:
Headquarters:

Payroll Processing
Equip by Primepoint
2000
Westampton, NJ

Ownership:
Customers:
Deployment Model:
Free Trial:

Private
2,000+
Cloud
Yes

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Payroll Processing At A Glance

Good: Unlimited payroll processing, employee self service, transparent pricing.

Bad: Not intended for large organizations with complex payroll requirements.

Bottom Line: Tailored to small businesses that need an efficient, accurate and intuitive payroll solution.

Product Overview

The new Equip Payroll solution is designed to help small business owners efficiently run payroll and manage their basic HR tasks in the cloud. It has an intuitive interface that lets users accurately perform payroll runs, onboard new employees and compile reports. Employees can access information about their pay or manage their leave balances via the self-service EmployeeXperience® portal.

Equip has several benefits, such as:

Improved productivity and efficiency
Unlimited payroll processing
Transparent pricing with no contracts

Features

Business owners can perform unlimited payroll runs in just a few steps. Equip automatically calculates taxes and other deductions, as well as generates Forms W-2 and other year-end forms.

As mentioned, Equip has a self-service portal, EmployeeXperience®, that allows employees to see their paystubs, receive their W-2s or track their leave. New employees can fill out their onboarding forms from this portal, too.

Additional features include direct deposit and reporting and dashboards.

Equip has two optional features: Time and Attendance and HR Support. The Time and Attendance feature includes the ability to capture employee time, track time off and manage workers’ leave of absence. The HR Support feature comes with an “Ask an HR Pro” feature, a 50-state online HR library and an online employee handbook builder.

Target Market

Equip is intended for small businesses with less than 50 employees in any industry. Here are some highlights:

Legal
Accounting and bookkeeping
Restaurants and bars
Bakeries
Private schools

Hair salons and barbershops
Retail
Landscaping and construction
Marketing, advertising and public relations
All types of entrepreneurial businesses

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Implementation/Integration

Equip offers a 30-day free trial and new customers also receive their 11th and 12th months free. During sign up, the new customer provides business information (e.g., banking info). They’re then contacted by the vendor’s Implementation team, which will provide additional forms for completion.

Once the onboarding process is done, customers will have access to their accounts and receive training. Finally, they’ll enter payroll information and other employee data.

Customer Service & Support

Equip customers can contact support during regular business hours.

Pricing

The Core Payroll tier has a base price of $39 per month, plus $6 per employee, per month.

The Time and Attendance feature costs $4.50 per employee, per month, and the HR Support feature is priced at $2 per employee, per month. Note that each feature requires a minimum spend of $50 and $20, respectively.

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Shortcomings

Equip is targeted to the small business entrepreneur who’s comfortable using technology and needs a simple, quick and inexpensive method for processing payroll. It’s not designed for businesses with complex payroll processing requirements or individuals who aren’t comfortable using cloud-based technology. Equip’s creator, Primpeoint, specializes in serving larger businesses with complex payroll and HR systems needs.

Screenshots

About

Equip Payroll was created by Primepoint, a company with 20+ years of experience developing payroll technology and servicing customers of all sizes. Equip’s service model and technology are focused on small businesses. Equip is designed to have very competitive pricing, including add-on packages for Time and Attendance and HR Support that give the small business everything they need to pay and manage their employees.