PX3000 Review - why 4.7 stars?

PX3000 Review
ITQlick Score: 90/100
ITQlick Rating: (4.7/5)
Pricing: 6.2/10 - high cost
Category: Benefits Administration -> PX3000
Ranking:Ranked 3 out of 79 Benefits Administration systems
Company: Penad Pension Services
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: PX3000 pricing, PX3000 alternatives
Shlomi LaviShlomi Lavi / updated: May 19, 2021

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What is PX3000?

PX3000 is a benefits management solution for medium to large companies. Its key features include retiree administration, a self-service portal, localized set-up to support global currencies and languages, Defined Benefit (DB) pension plan module, Human Resources Administration (HRMIS) module, and an unlimited number of individual/group pension accounts tracking. It is created by Penad Pension Services which was founded in 1983. Its headquarters is in Kitchener, Ontario and has up to 50 employees.

What is PX3000 rating? ()

The rating of PX3000 is 4.7 stars out of 5 and the total score is 90 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are PX3000's typical customers?

The typical customers include the following business size: Small, medium and large size businesses.

Is PX3000 the best Benefits Administration?

PX3000 is ranked 3 out of 79 software in their category (Benefits Administration systems).

What are PX3000's pros? (3 Pros)

  • Easy to learn and use
  • Multi-currency
  • Multi-lingual

What are PX3000's cons? (2 cons)

  • More expensive than other benefits management software
  • Reporting features need improvement

Who are their main alternatives?

eBenefits is a benefits administration solution for medium to large businesses available at the same price as PX3000. Both are web-based and has no app version available. eBenefits offers similar features as PX3000 such as compensation management, deduction management, health insurance, and provider management.

eBenefits has more administrative functions than PX3000 including customizable branding, employee management, instant messaging, leave tracking, message board, and more. However, PX3000 is multi-currency, unlike eBenefits. Both have high vendor reputation online and are beneficial as benefits administration software.

BiznusSoft HR is a cloud-based human resource software for the same client size as PX3000. However, BiznusSoft HR pricing is lower than PX3000. BiznusSoft HR also provides absence management, performance management, compensation management, deduction management, benefits management, employee portal, and benefits management capabilities.

However, BiznusSoft HR has no employee relations, health insurance management, provider management, and multi-currency features, unlike PX3000. Both have excellent customer review ratings online and BiznusSoft HR can be a cheaper alternative to PX3000 as a benefits management system.

What is the cost of PX3000?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for PX3000

What should you ask Penad Pension Services during a demo session? (65 questions)

Schedule a demo with PX3000 and access 65 must ask questions for the vendor while watching PX3000 in action. Visit the vendor's website here.

Is it the right software for you?

PX3000 is good for medium to large businesses which are in need of reliable and modern benefits management software. It is widely used by different industries like government and manufacturing.

PX3000's list of categories:

Business Plan
Benefits Administration
Employee Management

PX3000 Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.