Springfield-based Axiom Partners Payroll Network Inc. announced in an April 2 news release that it has opened five new offices in five states in the last six months.
Axiom Partners is a payroll processing and payroll tax preparation company for businesses. While payroll is its core business, the firm also provides human resources products and services, including Section 125 cafeteria plans, insurance services, and time and attendance systems. Clients use the company's software to process their employees' sensitive payroll and human resource data.
According to John Penny, chief executive officer, companies can cut paperwork and costs by 30 percent or more through the use of Axiom Partners' customized software.
The company was established in 1994. In March of 1998, a St. Louis office was opened. In the last six months, the company has added offices in Kansas City, Tulsa, Chicago, San Diego and Portland. Axiom now has a customer base of 550, but despite its rapid growth, Penny has held staff to only 30 employees, the release stated.
Meanwhile, the Y2K phenomenon, changes in the tax code, and a renewed interest in company outsourcing are expected to drive further growth.
Penny said he is making it a priority to develop his company into a nationwide provider of payroll services which offers clients a comprehensive menu of products and services from which they can choose to meet their specific needs.
"We want to provide our clients the services they need to be competitive in their individual industries," Penny said in the release. "We have clients, large and small, from a variety of business sectors ranging from manufacturing to service. It would be impossible for us to offer one option to meet all our clients' needs."
Meeting client needs is more than a goal. This year, it prompted Axiom to partner with ATT and Federal Express to offer more personalized services.
"We don't want to stop at payroll processing," Penny said. "We also plan to add options such as 401(k) plan management, worker's compensation filings, plus administration of insurance benefits."
General aviation terminal expansion is set to wrap by August.