Paychex 2012 Annual Report Download - page 7

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2012 Annual Report
5
Our financial leadership and stability remain solid, as
indicated by the fact that we continue to be debt free
and have a strong liquidity position, with cash and total
corporate investments of $790.0 million, compared
with $671.3 million a year ago. Our investment strategy
remains conservative, as we concentrate on protecting
principal and optimizing liquidity.
INVESTING IN OUR BUSINESS
Our priority at Paychex is continued growth, and that
requires investment in our products and services
and a commitment to taking them to the next level
of performance.
We will provide our clients and their employees with
the products and services they need – when, where, and
how they want. We believe the way to do that is through
sales and service execution, and product innovation and
expansion.
TECHNOLOGY +
INNOVATION
In fiscal 2012, we
continued our
introduction
of technology
enhancements to our
software-as-a-service
(SaaS) offerings with
the launch of Paychex
Mobile products,
just one area of focus for us in
product development. Our mobility
innovation gives clients and their
employees the same access to
Paychex online products they have now over the
Web on a PC or laptop. They simply choose how
and when they want to get the information.
Continued on page 7
Paychex gives us a
competitive tool – and
really a competitive
advantage – against other
similarly sized fi rms.