Oasis vs Velocity Global

Paychex acquired Oasis Outsourcing in 2018 for $1.2 billion in cash. Oasis Outsourcing was an ESAC-accredited human resources services company based in Florida that offered services in human resources, employee benefits, and payroll processing. The acquisition was about building revenue, and Paychex aimed to grow its human resource outsourcing capability and extend its technology to a new client base as part of the acquisition. While Oasis initially operated as its own entity, it is now fully part of the Paychex brand as one of the available solutions in "Paychex HR."

Velocity Global is a technology company focused on human resources services. It was established in 2014 and is located in Denver, Colorado. The company provides a wide range of administrative services to businesses in 185 countries. They specialize in Employer of Record (EOR) features for companies not legally established in their countries of employment. They also function as an international PEO that takes on many of the administrative tasks of running a company with a global workforce. Their services include compliance support and expert advice. They aim to support every member of your team, no matter where they are located. Velocity Global offers a well-integrated SaaS solution that provides HR, hiring, payroll, benefits, risk management, and compliance services for international companies on one convenient platform. Although they have no service awards displayed online, Velocity Global has a good industry standing on the international stage. However, they lack the industry credentials of US-based providers. They are not members of the National Association of Professional Employer Organizations (NAPEO), are not accredited by the Employer Services Assurance Corporation (ESAC), and are not certified by the IRS. Velocity Global has a B- rating from the Better Business Bureau (BBB), but they are not BBB-accredited. However, they garner mostly excellent client feedback that praises their software's ease-of-use and generally responsive customer service, some say that current job restructuring has resulted in longer support wait times.