Payroll Solutions Providers
Top Companies in 2024
Paycom vs Workday
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- Mobile app
- Extensive features
- All-in-one solution
- Serves all business sizes
- Expert support
- Demo available
- Customizable plans
- International support
- Unclear pricing structure
- Limited international support
- Add-on features
- Lack of price transparency
- Time-consuming login process
- High learning curve
Discover the world of efficient HR management with Paycom, an industry leader since 1998. Based in Oklahoma City, this provider of cloud-based payroll software has gained recognition for its innovative approach and transformative services. Paycom's all-in-one Human Capital Management (HCM) platform covers payroll, talent acquisition, and time and labor management, transforming workforce solutions for businesses of any size. Paycom has solidified its position as a market leader by garnering numerous awards, including recurrent placements on Oklahoma's Top Workplaces list. The company's commitment to digital renovation is evident in features like the Employee Self-Service program, which offers employees unprecedented control over their HR data. A Visa Payroll Card adds flexibility while reporting tools and compliance features further solidify Paycom's comprehensive HCM solution position. With a robust mobile app, expert support, and a diverse clientele, Paycom stands as a testament to the seamless fusion of technology and human resources.
Established in 2005 and headquartered in Pleasanton, California, Workday is a prominent figure in cloud-based payroll software solutions, specializing in human capital management, ERP, and financial applications for medium-to-large businesses. The company, holding ISO 27001, SOC 1, SOC 2, and SOC 3 certifications, prioritizes secure and reliable solutions. Workday's robust features include efficient payroll processing, tax filing, and compliance management, offering user-friendly tools like employee self-service and comprehensive reporting. The platform's pricing, personalized to organizational needs, reflects a commitment to tailored solutions. Noteworthy advantages encompass demo availability, customizable plans, and strong international support, making it an ideal choice for businesses with a global footprint. Unique selling points include innovative marketplaces, global capabilities, and scalability. Overall user ratings highlight Workday's convenience and comprehensive features, solidifying its position as a dependable option for organizations seeking streamlined and user-friendly payroll management solutions.
- Free Trial : Demo available
- Pricing Option : Undisclosed
- Transparent Pricing : Unavailable
- Pricing : Undisclosed
- BBB Rating : A+
- Free Trial : Unavailable
- Pricing Option : undisclosed
- Transparent Pricing : Undisclosed
- Pricing : Quote-based
- Trustpilot Score : 1.1 out of 5
- BBB Rating : F
- No set up fee
- Employee Self Service
- Easy to use
- Excellent management
- Workday marketplaces
- Global capabilities
- Mobile app
- Scalability
- 401K Tracking
- API/Integration Capabilities
- Direct Deposit
- FMLA Tracking
- Generation of Pay Stubs & Reports
- Mobile App for Employees
- Multi-Country
- Multi-State
- 401K Tracking
- API/Integration Capabilities
- Direct Deposit
- FMLA Tracking—Undisclosed
- Generation of Pay Stubs & Reports
- Mobile App for Employees
- Multi-Country
- Multi-State
- Compliance With State & Federal Tax Laws
- Form 1099-Misc
- Form W-2
- Form W-3
- Form W-4
- Tax Filing
- Compliance With State & Federal Tax Laws
- Form 1099-Misc
- Form W-2
- Form W-3
- Form W-4
- Tax Filing
- Documentation
- FMLA Training
- Live Online
- Videos
- Documentation
- FMLA Training—Undisclosed
- Live Online
- Videos
- Calculate & Pay Employee Salaries
- Real-Time Reports
- Time, Attendance & Overtime Tracking
- Update Real-Time Employee Information
- Calculate & Pay Employee Salaries
- Real-Time Reports
- Time, Attendance & Overtime Tracking
- Update Real-Time Employee Information
- Android
- Cloud-Based
- iOS
- Mac
- Windows
- Android
- Cloud-Based
- iOS
- Mac
- Windows
- Large Businesses
- Medium-Sized Businesses
- Small Businesses
- Large Businesses
- Medium-Sized Businesses
- Small Businesses
- Blog
- Demos
- FAQs
- Help Guides
- Live Chat
- Mobile App
- Phone
- Blog
- Demos
- FAQs
- Help Guides
- Live Chat
- Mobile App
- Phone
Paycom vs. Workday
Choosing the right payroll service is a pivotal decision for businesses. In this comparison between Paycom and Workday, we examine their distinct service offerings, ease of use, integrations, security, compliance, and pricing strategies. As we delve into their features, choosing the best provider becomes clearer.
Service offerings
Paycom distinguishes themselves in the payroll services landscape with a diverse range of solutions tailored to specific business needs. Offering five distinct payroll software options, Paycom covers features like reconciling payroll checks, self-service empowerment for employees, and daily payroll for earned wages. This comprehensive approach allows businesses to select functionalities aligned with their priorities. Paycom's commitment to seamless integration, exemplified by features like GL Concierge and custom converters, ensures smooth collaboration with accounting software and third-party systems. Additionally, Paycom excels at addressing various payroll management aspects, including garnishment, expense management, and precise payroll tax handling.
On the other hand, Workday stands out with an embedded AI and machine learning (ML) framework on their open cloud platform, offering automation and compliance features that are highly configurable. The platform boasts real-time analytics, providing businesses with up-to-the-minute insights. Workday's integration capabilities stand out, emphasizing a unified platform approach that streamlines various processes. With its emphasis on advanced technologies, configurability, and a unified user experience, Workday emerges as a powerful solution for businesses in search of cutting-edge tools for HR, automation, and compliance, all seamlessly integrated into a single platform.
Ease of use & integrations
Both Paycom and Workday prioritize ease of use in their payroll solutions. Paycom consolidates all payroll features onto one platform, simplifying access with a single username and password for login. Additionally, Paycom offers a user-friendly mobile app for added convenience. On the other hand, Workday boasts an intuitive interface and a dedicated mobile app, ensuring seamless access to payroll features on the go. While Paycom impresses with custom converters for data import, Workday excels in integration capabilities, providing over 600 prebuilt connections. Both providers prioritize user-friendly experiences, making payroll management accessible and efficient for businesses.
Security & compliance
In the realm of compliance, Workday strongly emphasizes real-time data that adapts to evolving compliance laws. Their AI functionality is designed to lower compliance risks, providing businesses with a proactive approach to regulatory adherence. On the other hand, Paycom addresses compliance through their tax management software, ensuring the filing of all payroll taxes for clients.
Regarding data security, Paycom employs comprehensive standards and technologies, maintaining ISO and SOC certifications while conducting regular audits to safeguard customer data. Workday also prioritizes data security with industry-standard certifications, encryption of customer data before storage, and robust authentication protocols, collectively ensuring a secure environment for sensitive information.
Price
Both Paycom and Workday adopt a personalized approach to pricing, refraining from publicly advertising their costs. This method enables customized approaches that correspond with each customer's individual needs and scale, assuring pricing transparency and clarity. Prospective customers are urged to speak with Paycom and Workday directly in order to receive accurate and customized information based on their specific needs.
In comparing Paycom and Workday, businesses encounter two robust payroll solutions, each with unique strengths. Paycom stands out with their all-in-one platform, accommodating their different service offerings and comprehensive solutions, while Workday specializes in cutting-edge technologies, real-time analytics, and a unified platform experience. In terms of security and compliance, both providers offer compliance adherence for their clients and prioritize data security through industry certifications. As for pricing, a customized approach is adopted, giving their customers a catered experience.
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