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Paycom Software Inc PAYC Stock Quote

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Morningstar‘s Stock Analysis PAYC

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In Our View, Greater Uptake of Paycom's Employee-Centric Modules Creating Stickier Clients

Emma Williams Equity Analyst

Business Strategy and Outlook

| Emma Williams |

Paycom's unified platform appeals to midsize and enterprise clients that prefer an all-in-one payroll and human capital management, or HCM, solution. The company's platform is supported by a single database, which provides a single source of truth and allows efficient software development and maintenance. Unlike competitors, Paycom discourages data integrations to third-party providers but instead incentivizes clients to contain their HCM solutions within its unified platform by offering add-on modules, including time and attendance and benefits administration. In practice, new clients may consolidate their payroll and HCM solutions from multiple providers to an all-in-one solution by Paycom. The company is squarely focused on driving greater automation and employee self-service, supported by complementary analytics tools for clients and the recent rollout of its self-service payroll module Better Employee Transaction Interface, or Beti.

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Key Statistics PAYC

Company Profile PAYC

Business Description

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 18,000 clients as of 2021, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

7501 W. Memorial Road
Oklahoma City, OK, 73142
T +1 405 722-6900
Industry Software - Application
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,385