Table of Contents
Namely is a new fintech startup that provides DIY financial management tools for small businesses. With no monthly fees and straightforward pricing, Namely has been embraced by many entrepreneurs as an affordable solution to their business’s banking needs.
The “namely reviews” is a review site that provides unbiased reviews of products. The site offers a free plan, and the paid plans range from $7 to $99 a month.
Namely is a cloud-based human resources software designed for companies with 50 to 1,000 workers. It combines a number of HR tools and compliance solutions into a single platform, allowing users to conduct employee-related tasks more effectively. Namely also provides managed services aimed at reducing administrative activities like as Processing of Payroll and benefit plan administration.
Pay a visit to Namely
What We Recommend Specifically
You receive a comprehensive variety of HR solutions with Namely, including recruiting, onboarding, and benefits, as well as payroll and Management of Talent. This allows companies to manage all aspects of the employee lifecycle while reducing operations.
Specifically, Features a flexible platform to which you may add additional modules like time tracking, HR Observance, and Administration of Benefits, similar to famous HR software. It also allows you to store employee information, onboard new recruits, handle PTO requests, and engage employees with a social media-style business news feed. It also provides managed services, allowing you to delegate day-to-day payroll and benefits management.
In a nutshell, Namely is ideal for:
- Businesses with at least 50 workers that are expanding: Companies can effortlessly manage employee-related operations and develop a corporate culture foundation while expanding their business with Namely’s customized platform and range of HR, benefits, and payroll solutions. As the demand grows and new staff are hired, they may simply add one to each platform independently.
- Companies with a tiny or one-person HR department: Namely’s managed services assist HR professionals manage payroll and Administration of Benefits more effectively, acting as a resource so they don’t have to do it alone. Its compliance package includes live HR professionals with whom you may talk about your issues.
When Specifically Isn’t a Good Fit
- Small enterprises with less than 50 workers that mostly need payroll services: While Namely provides a broad variety of HR solutions, its features may be too complicated for small organizations that simply need basic payroll and time tracking software. It also has a minimum contract amount of $15,000 for the year if you need all of their services, and $10,000 if you simply require the basic HR plan, so it’s not the most cost-effective option for small firms. Check out our top payroll software guide and our list of best online payroll services for more possibilities.
- Employers seeking for a simple HR platform to set up: It takes around six to eight weeks for Namely’s platform to be ready to utilize. Other HR software, such as Zenefits, allows for simple system settings and quick installation. For additional information, see our guide to the finest HR software.
Are you looking for something unique? To choose a system that’s appropriate for you, see our guide to the best HRIS/HRMS software for small companies.
Specifically, an overview
Pay a visit to Namely
Pricing, to be precise.
On their website, Namely does not provide price information. To obtain a demo and a personalized quotation, you must contact the supplier. According to a third-party website, monthly rates start at $12 per employee. A one-time installation fee is also paid to new customers.
However, if you want to use all of Namely’s services, you’ll have to pay $15,000, $10,000 if you want to use the basic HR plan, and $13,000 if you want to use HR and payroll but not benefits. Businesses with less than 50 workers may join up for its services, but the monthly fee may be prohibitive, particularly for those that simply want basic HR or payroll services.
Furthermore, unlike other HR system suppliers, Namely does not have a tiered pricing structure. It provides a “HR Fundamentals” package with a fundamental solution of a people operations system. Additional premium features, such as payroll, Administration of Benefits, HR Observance, time and attendance, and recruitment, are available. You may also subscribe to its managed payroll and benefits services via the “Enhanced Services” option.
Specifically, Features
The cloud-based solutions from Namely are intended to assist you in recruiting, onboarding, paying, and managing workers. It also has mobile applications for iOS and Android devices, as well as a self-service platform that allows workers to request PTO and examine pay stubs online.
Data Management for Employees
You may use Namely to manage major staff moves and milestones including hiring, name and address changes, terminations/separations, and rehiring, in addition to maintaining employee information online. Employee data flows effortlessly across Namely’s modules and its partner systems because to its optimized interfaces.
Employee profiles on Namely include personal information, talents, banking information, and remuneration history for each employee.
Onboarding and Recruiting
Finding and hiring top talents will be much easier tasks with Namely’s Onboarding and Recruiting solutions. Its features include custom job workflows, offer letters, a resume parser, and a searchable database.
Its integrations with E-Verify and Adobe make doing background checks and having electronic documents signed online a breeze. Namely also offers a calendar sync tool that allows you to connect your Gmail and Outlook calendars to keep track of recruitment deadlines.
You also get access to onboarding templates that you may customize to match your company’s new employee orientation needs. Because all new recruit paperwork are securely maintained inside its platform, Namely even helps to remove the need for handwritten forms.
Employee Attendance and Timekeeping
Namely can help you manage employee clock-ins and outs and monitor PTO requests. It includes a real-time scheduling application that enables authorized users to create and manage staff schedules in real time.
You may adjust employee schedules and/or approve PTO requests with a single click using Namely’s bulk editing function.
Processing of Payroll
All employee data (such as personal details, time and attendance, and benefits information) flows effortlessly into Namely’s payroll module thanks to the company’s integrated platform. This eliminates the need for you to manually extract data from numerous systems and input it into Namely to process employee pay.
This module may also conduct payroll for a variety of pay groups, ranging from biweekly to monthly workers. You may even adjust the pay periods of your employees as many times as you like.
Apart from payroll processing, Namely also provides straightforward payroll tax filing for the federal, state, and municipal governments. Your year-end reporting, such as Forms W-2 and 1099, may also be handled by the supplier.
Administration of Benefits
Its Administration of Benefits solution features plan management, online employee benefits enrollments, carrier feeds, and embedded help tools. It comes with Affordable Care Act (ACA) reporting in which Namely files 1094 and 1095 forms on your behalf.
Your workers may be automatically registered with benefits providers utilizing EDI feeds once they’ve chosen their plan choices in Namely.
Management of Talent
With its Management of Talent solution, you can assess employee performance and automate review cycles. It comes with configurable templates, intuitive forms, goals management, and unlimited performance reviews. You can even use it to define and add competencies, allowing your employees to pull these directly into their performance review forms.
Specifically, it may assist you in keeping track of the progress of yearly performance assessment cycles.
HR Observance
With its HR Observance module, you are granted unlimited access to certified HR advisers who can help you mitigate employee-related compliance risks. It comes with Occupational Safety and Health Administration (OSHA) logs for recording workplace injuries, an updatable “living handbook” that contains your company’s policies, and a learning management solution to educate employees about business-related regulations.
News Feed for the Company
One way to keep your workforce engaged is to recognize their good work. With Namely’s News Feed for the Company, you can praise your employees while keeping them informed of important company updates. What I like about the tool is that it has a social media platform feel to it, enabling employees to “like” posts and add comments.
Namely’s News Feed for the Company shows the employees who were recently hired and are celebrating important milestones such as birthdays and work anniversaries.
Open API Integration Possibilities
Users can connect Namely to other business apps via its open application programming interface (API), which includes applicant tracking systems (ATSes), learning solutions, benefits account and Consolidated Omnibus Budget Reconciliation Act (COBRA) administration providers, and international payroll tools. Here are a few of its affiliate systems.
- Greenhouse, JazzHR, Breezy, Jobvite, ApplicantStack, and Recruiterbox are some of the applicant tracking systems available.
- Discover Benefits and Ameriflex are two companies that handle benefits and COBRA administration.
- Okta, BetterCloud, and Google Workspace are identity management and single sign-on systems.
- Blue Marble Payroll, iiPay, and Vistra are three international payroll systems.
- Bonusly, Kazoo, and Fond are three employee appreciation programs.
- Absorb, Litmos, Travitor, and Lessonly are some of the learning systems available.
- Culture Amp, 15Five, Lattice, and Small Improvements are examples of employee feedback software.
- SimplyMerit, CompensationCloud, and Payfactors are three compensation management solutions.
- QuickBooks Time (previously TSheets), Boomr, and Replicon are time and attendance systems.
- Workato, Pingboard, OrgChart Now, and Zapier are examples of other business systems.
Analytics and Reporting Tools
Namely has a robust reporting tool that allows you to run pre-made reports or create custom reports to meet your specific requirements. It also has point-in-time reporting, which allows you to compare important HR indicators across time.
Dashboards with visual statistics on key HR parameters are also available.
Ease of Use, to be precise.
- Interface that is simple to use
- Toolkits for Onboarding
- Specialists in implementation
- Mobile applications and employee self-service
- Help button in the app
- How-to tutorials and a discussion forum are available.
Customizability and having a Interface that is simple to use are some of the factors you need to consider when looking for an HR software. With Namely, you get platform configurability and a comprehensive solution suite designed to help you efficiently manage all aspects of the employee entire lifecycle. Plus, it has an interface that’s easy to learn and use.
Namely provides self-service solutions that help your workers conduct basic HR operations like as requesting and tracking PTO, obtaining pay stubs, and seeing benefits information online, similar to other HR systems. This allows you to spend more time on company development initiatives and less time on day-to-day HR activities.
Namely provides live phone support in case you need assistance or have queries regarding its features. There’s also an online chat feature and an in-app assistance tool, as well as a community forum where you can interact with other Namely users.
Alternatives to Namely
Specifically, what do users think about
Many users who left Namely reviews online said that its ease of use, customization options, and Toolkits for Onboarding are its standout features. They also like that it has a wide range of HR solutions, enabling them to efficiently manage employees, staff information, and payroll.
Customer service, on the other hand, has received mixed ratings. Some consumers said that the customer service crew isn’t always prompt, while others stated they got excellent assistance. Some users have also expressed dissatisfaction with data sync difficulties, open benefits enrollment failures, and “clunky” procedures.
Namely reviews had the following ratings on prominent user review sites at the time of publication:
I observed some of the following tendencies when reading customer reviews:
Conclusion
Namely is an ideal option for businesses (with 50 to 1,000 employees) that need a customizable HR platform with employee management, payroll, and Administration of Benefits tools. System setup may not be as quick as other HR software providers, but you are granted access to a team of specialists who will help guide you through the implementation process. If you need assistance processing employee payroll and benefits, you can subscribe to its managed services in which Namely will handle the said processes for you.
To get a free Namely demo, fill out the form below.
Pay a visit to Namely
The “namely payroll” is a review of the service. It also includes information about what the company offers, how it works and who it might be right for.
Related Tags
- namely pros and cons
- namely vs bamboohr
- namely hris
- namely features
- is gusto a good company
