SurePayroll Announces Next-Generation Online Payroll Service for Small Business

Chicago — June 2, 2003 — SurePayroll, a national leader in the online payroll marketplace, today announced the next-generation version of its online payroll service, which allows small businesses to log in to a secure web site and process payroll in a few short minutes.

In the newest version of SurePayroll, small businesses gain access to a host of new features that further enhance the simplicity and convenience of the service, including Quickbooks support; streamlined electronic setup for new accounts; support for additional pay types and sick days; extended support for manual/ad-hoc checks and direct deposits; and improved payroll calendar management.

Enhanced compatibility with popular software program Quickbooks eliminates the need to re-key payroll data into small business accounting records, thereby saving time and reducing data input errors. The integration is specifically designed for smaller businesses; it requires no training, and no significant installation or administration. As such, small businesses can continue to reap the benefits of Quickbooks while experiencing the many advantages of SurePayroll’s payroll service.

Another notable enhancement concerns generating manual and ad-hoc payments — such as a separate check or direct deposit for an employee bonus, commission, or award. New features let small businesses easily modify the withholding rates on such supplemental wages. An entire ad-hoc payroll can be run as well, without having to conform to a pre-defined payroll schedule.

"Our online payroll service has been widely embraced by small businesses nationwide," said Michael Alter, senior vice president of marketing and business development at SurePayroll. "When our customers request new features, we work hard to get them what they need. These new features take our offering to the next level, making our service even more attractive to small businesses."

In contrast to traditional payroll providers, which predominantly process payroll via phone and fax and focus on larger companies, SurePayroll’s service was designed exclusively for small business payroll processing via the Web. SurePayroll currently processes over $2 billion in small business payroll annually for over 7,500 small businesses nationwide, making it the sixth largest payroll service in the country and the largest online payroll service in the world.

By leveraging the Internet, SurePayroll takes many of the costs out of payroll processing, allowing it to offer outsourced payroll processing at prices that are 30% to 50% less than the industry average. SurePayroll assumes all liability for payroll errors, thereby eliminating payroll penalties, which currently average $845 annually and are incurred by 40% of America’s small business. Direct deposit, highly desired by small business employers, is offered at no additional fee and with 24-hour activation notice for new employee; many traditional payroll services charge extra for direct deposit and can take as long as three weeks to activate a new employee’s direct deposit.

"At SurePayroll, our goal is simple: take the pain out of small business payroll," said Alter. "We listen to what our small business customers want, and that’s what we give them."

This new release of SurePayroll’s online payroll service will be available to small businesses this summer.

About SurePayroll:
SurePayroll provides a simple, reliable and economical way for small businesses to process and distribute payroll and taxes in minutes via the Internet. The Company's Internet-based payroll service automates the entire payroll process, completely eliminating the traditional processing steps that conventional payroll services providers use. Using SurePayroll, small businesses and their employees can initiate and access their payroll from anywhere, at any time. By leveraging the Internet, payroll is completed in a fraction of the time, at a fraction of the cost.

SurePayroll is a privately held company based in Skokie, IL. SurePayroll’s customer base number in the thousands and includes payroll customers in all 50 states. In addition to providing payroll services directly to small business, SurePayroll also provides a private label payroll service that is used by numerous accounting firms and community banks. SurePayroll’s business partners include Wells Fargo and ABN AMRO. For more information, visit www.surepayroll.com.

For More Information About SurePayroll:
Michael Alter
Senior Vice President
SurePayroll
847-676-8420, ext 7229
michael.alter@surepayroll.com