Paylocity Seeks to Expand Beyond Basic Payroll and HCM Offerings

Paylocity is a cloud-based provider of human capital management and payroll software, targeting organizations with 10 employees-5,000 employees. The Paylocity platform is a single-employee system of record across recruiting and onboarding, payroll, time and labor, HR, benefits, learning, and performance and compensation. We believe the company differentiates based on their breadth of offerings, which expands well beyond basic payroll and HCM functions, and benefits from their third-party integrations with benefits and 401(k) providers.