PayNW, a leading and fast-growing provider of human capital management (HCM) software and services, has announced that it is now serving cannabis-related businesses (CRBs) throughout the United States. With this step, CRBs can now prioritize compliance with evolving regulations while supporting employees and accessing traditional banking services with PayNW’s payroll and HR solutions.
PayNW’s team of HCM experts offers reliable and compliant solutions for cannabis businesses, including:
Paperless hiring and onboarding of employees
Banking relationships to support direct deposit
Federal, state, and local tax filing and remittance
Automated time tracking for workforce management
One-on-one customer service aimed at addressing unique needs
As a company that understands the strict guidelines impacting financial operations of cannabis businesses, PayNW will help process payroll by complying with Anti-Money Laundering and Bank Secrecy Act regulations, as well as follow regulations set by the Department of Treasury, Financial Crimes Enforcement network and other regulatory bodies. PayNW can also connect CRBs with banks skilled in cannabis business account management.
“Whether you’re a retailer, grower, or any other legitimate business in the cannabis industry, you can now process payroll confidently using PayNW’s fully compliant software and services,” said PayNW CEO Lori Brown. “We understand the complexities of this industry and are proud to present solutions suited for whatever your unique situation is.”
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PayNW’s unified payroll, time tracking, and human resources information system (HRIS) software and services provide simple, effective solutions to managing a workforce, bringing peace of mind to 1,000+ businesses throughout the United States by offering the depth and breadth needed to manage and engage their workforce more efficiently and productively.
As the largest HCM company in the Pacific Northwest, PayNW’s track record includes a 96% year-over-year client retention rate and four consecutive years on the Inc. 5000 list of the fastest-growing privately held companies in the U.S. PayNW recently acquired the HCM division of Renewal, a payroll and benefits company, highlighting PayNW’s first physical presence outside of the Pacific Northwest.