Paycom Review: The All-In-One Software You Need
Updated: January 8, 2023
Paycom software is a cloud-based system that specializes in simplifying HR management. It caters to most businesses' needs with all the necessary assets and tools. Whether managing employee data, payroll, or benefits, Paycom can help your business flourish. With a team of thousands of trusted employees, you can be confident that your business is in capable hands. Keep reading to determine if Paycom is the right service for you.
Since their inception in 1998, Paycom has consistently demonstrated their value as a reliable and effective service. Their impressive array of awards is a clear testament to their competence and success. Serving clients across the USA, Canada, and Mexico, Paycom has established themselves as a trusted name in the industry.
This provider is at the forefront of digitally transforming businesses with comprehensive HR and payroll technology. Their platform empowers employees to efficiently manage their data through an intuitive, user-friendly, cloud-based interface. As visionaries and innovators in HR and payroll technology, they set trends and redefine industry standards.
Paycom stands out in payroll and HR management by ensuring employee payments are issued directly from their accounts, not from the businesses' funds. This innovative approach guarantees hassle-free payment processing, significantly saving time and effort for businesses by streamlining the payroll process. As a result, companies can focus less on monitoring every transaction and more on their core operations.
Paycom's suite of tools encompasses talent acquisition, talent management, HR management, payroll, and time and labor management. Their dedication to providing seamless, top-tier services has rightfully earned them a reputation as an industry leader. As a comprehensive human capital management (HCM) solution, Paycom excels in enhancing the entire employee lifecycle. Their platform is designed for efficiency, with an app that facilitates automated payroll management through an employee-driven approach. Integrating their HR and payroll software means data flows smoothly without the need for re-entry, leading to more effective operations.
Recognitions for Paycom's excellence include being ranked on Oklahoma's Top Workplaces list for nine consecutive years, earning the title of the most trustworthy company in America by Newsweek in 2023, and receiving the top HR product award in 2021. These accolades testify to their commitment to quality and trustworthiness in the industry.
Features & Tools:
Some tools they provide include talent acquisition, talent management, HR management, payroll, and time and labor management. The Paycom team has worked hard to earn their status as a frontrunner by faultlessly executing the absolute best services, including fully integrated payroll software.
Paycom prioritizes user comfort with their all-in-one Human Capital Management (HCM) platform. This integrated system ensures a seamless payroll process, simplifying HR management for businesses of all sizes. Users can edit employee-related data, including PTO, pay rates, and benefit selections, all in a single software. This advanced tech solution, at the core of Paycom, encompasses all the payroll services a company might need in one place.
Premium features provided by Paycom guarantee that you will receive value for your money, including:
- Employee self-service: Their employee self-service is the pinnacle of modern HR technology, placing the power of HR management directly in the hands of employees. This highly advanced application empowers staff to seamlessly request days off, check-in or out, and even manage their data anytime.
By using their tool, Beti, employees are guided to find and fix their own payroll errors before submission, improving automation. Integrating payroll management into the self-service platform enhances data accuracy, as all data is housed in a central database. This simplifies processes and eliminates unnecessary data entry, increasing efficiency and accuracy
- Expense management: From salary estimation to direct deposit and payroll processing, this single point of contact streamlines the entire payroll management process. By consolidating these tasks, businesses can optimize their payroll operations, leading to greater accuracy and a reduced administrative burden
- Human resource management tools: Paycom's talent acquisition and talent management tools are tailored to handle instantaneous admission profiles, providing a comprehensive solution for HR professionals. Automated technology aids in discovering, compensating, conducting background checks, and retaining competent employees.
Their E-verify tool, an add-on, confirms that your new hires are eligible for employment. Overall, these human resource management features are not just functional but highly fruitful, contributing to the success of HR strategies
- Time and labor management tools: These features assist in balancing work hours effectively and contribute to keeping costs in check and implementing protective measures within the work budget. By providing tools such as scheduling, time clocks and terminals, labor allocation, and time and attendance, they support businesses in fostering a healthy and productive work environment
- Visa payroll card: Recognizing the need for flexibility in payroll management, Paycom offers a Visa card called Vault. This card provides employees with an alternative method for receiving their pay, adding an extra layer of convenience to the payroll process and enhancing the employee experience. Whether employees prefer direct deposit or the Visa Payroll Card, this provider ensures they have options that suit their individual preferences
- Paycom Pay: This includes General Ledger software, allowing businesses to maintain accurate financial records and seamlessly integrate payroll data with their accounting systems. This ensures a cohesive financial picture and simplifies the reconciliation process. It also issues employee paychecks through their bank account, not the employer's, which is less risky and saves your company from falling victim to payroll errors
- Garnishment administration: Paycom streamlines the complex task of garnishment administration. By automating this process, businesses can ensure compliance with legal requirements, reduce errors, and alleviate the administrative burden of managing garnishments
- Payroll tax management: This feature helps businesses comply with ever-changing tax regulations. It automates tax calculations, ensures timely filings, and provides peace of mind by reducing the risk of tax-related errors
- Reporting and analytics: Paycom's report center, which includes Direct Data Exchange, allows businesses to derive meaningful insights from their HR and payroll data. Customizable reports and the Paycom Surveys tool provide valuable information for strategic decision-making and optimizing workforce management
- Government and compliance: Paycom understands the importance of adhering to government and federal regulations and compliance standards. The platform integrates features, such as the enhanced Affordable Care Act (ACA) tool and Clue, to facilitate compliance, ensuring that businesses can operate within the bounds of legal requirements and decreasing compliance risk
- Benefits and administration: Their benefits and administration features provide a comprehensive solution for managing employee benefits, simplifying this often intricate and time-consuming process
- Documentation and checklists: The platform offers tools for maintaining documentation and checklists, promoting organized record-keeping, and ensuring businesses can easily track and manage essential HR processes
- Manager On the Go: The Manager On the Go feature caters to the dynamic nature of modern business operations. It enables managers to access essential HR and payroll functionalities while on the go, ensuring that geographic restrictions do not delay important decisions and approvals
Plans & Prices
Currently, Paycom does not offer any existing plans or packages. However, you can contact their support team to obtain a quote. Paycom does not charge any setup fee; they also provide a free demo period upon request. However, the lack of transparency regarding their prices and plans makes it important to ask all relevant questions before purchasing. We recommend getting in touch with Paycom's support team to clarify any doubts you may have.
Advantages & Disadvantages
- Mobile app: The Paycom app offers a mobile app that allows you and your employees to manage and edit personal information and payroll
- Extensive features: They provide a comprehensive suite of features, ensuring businesses have a diverse set of tools at their disposal
- All-in-one solution: The integrated approach simplifies HR management for businesses all in the same place, promoting efficiency and streamlined workflows
- Serves all business sizes: Paycom's adaptability allows them to scale seamlessly, catering to the unique needs of small businesses all the way up to large enterprises
- Expert support: Users benefit from knowledgeable and responsive support, ensuring a smooth experience. You can get in touch with the right person to answer your question through the Ask Here option on their application
- Unclear pricing structure: The quote-based pricing model may pose challenges for businesses seeking transparency in costs
- Limited international support: While Paycom excels domestically, their international support may be limited
- Add-on features: Some of the features they mention on their website are add-ons, and that isn’t very clear at first glance; that’s why we recommend you contact them and ask about their services in detail
Customer reviews about this company are mixed. The company has an A+ rating and is accredited by Better Business Bureau (BBB). The customer reviews have a 4.22 out of 5 rating. Customers generally have a good experience with the app. Users love the ease of use and the many features it has to eliminate manual processes. However, they have some customer complaints on the BBB; some users have said that the direct customer service representatives they were linked to aren’t always skilled. Other customers complained about this provider's mistakes in reporting tax files. Others complained about the filing system they have and not being able to access personal information. Although the company responded to customers' concerns, their responses were mostly rejected, and it's unclear if the issues were resolved privately.
On Trustpilot, they have a 4.1 out of 5 rating, and on G2, they have a 4-star rating. People say the site is easy to use and praise the help team for how well they do their job. Even though there are occasional problems, most customers seem to have a good experience with Paycom. Some customers complain on these websites about technical issues, such as implementation and integration, and suggest improvement when it comes to the software.
While customer reviews might provide an image of the company, we recommend performing your due diligence in researching the company before making your final decision.
You can very easily request a meeting online on their website. You can call them at 800-572-9266, 800-580-4505, or 405-722-6900. Paycom is also available on various social media platforms, including LinkedIn, Twitter, Facebook, Instagram, and YouTube.
Ultimately, Paycom is a leader in the industry because they provide companies with a revolutionary HR and payroll option. Paycom is a significant player in digital payroll because they seamlessly combine cutting-edge technology with a focus on people. As organizations adapt to a future where routine tasks are increasingly automated, Paycom stands as a reliable ally, offering assistance to achieve speed and excellence in all facets of HR management.
Despite their extensive array of payroll services, one area where Paycom could improve is in the transparency of their pricing and plans. Greater clarity in this regard would not only enhance customer understanding and trust but also solidify their position as a forward-thinking leader in the market, fully attuned to the needs and preferences of their diverse client base.
Before deciding on this company, take a moment to review our payroll analysis, read our blog, and compare different options on our pages. This will give you a clearer insight into the industry and help you make a well-informed choice for your payroll software provider.
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