27 April 2013 MPEX Business Solutions Inc. acquires Magik-Pay System inc.
QUEBEC CITY – MPEX Business Solutions Inc. is proud to announce that it has officially acquired ownership of Magik-Pay on April 27th, 2013. All existing business commitments regarding software and hardware support contracts linked to the Magik–Pay Solution Software Suite is officially transferred to MPEX Business Solutions Inc.
«Thanks to this acquisition, we are able to offer new integrated and proven business solutions that will better cater to the needs of our existing and future customers.», according to Mr. Stéphane Rancourt, CEO of MPEX Business Solutions. The Magik-Pay Solution Software Suite is based on a modular and flexible software architecture that allows unparalleled integration to any time and attendance softwares in Canada and elsewhere.
Magik-Pay Software is a highly comprehensive tool to address the full spectrum of payroll needs in Canada by providing complex calculation, automatic tax updates, audit and reporting, and adaptable pay groups and organizations, all through a single configurable.
Since 1993, Magik-Pay System has been offering on-premise payroll across Canada, company benefits and human resources management that perfectly integrates with the majority of existing accounting softwares.
The Magik-Benefits module is the only multi-insurer solution that can simultaneously manage a wide range of benefit plans in Canada. From day one of implementation, Magik-Benefits generates immediate returns thanks to the simplification of group insurance management processes. Magik-Benefits automates functions such as the calculation of probation periods and collection of overdue premiums. The system generates group insurance invoices and retrieves the debit balance from the bank account of employees on sick leave or maternity leave.
With this acquisition, MPEX can now start the development of a new payroll software on demand (SaaS). The new Payroll in SaaS will be available in the next 6 to 18 month. Our team of knowledgeable and certified experts with extensive knowhow in the field of payroll management will be able to better guide our customers who are aware of the importance of integrated solutions to optimize their business processes.
Today, we are pleased to announce the creation of our revolutionary smart set of applications in the cloud, the MX-Solution, that will soon include a new solution for Payroll in the cloud. Magik-Pay Payroll Software will now become MX-SmartPayer from the suite MX-Solution in the cloud.