Paylocity Seeks to Expand Into Office of CFO as New Customer Growth Slows

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