About Paycom
A US payroll and HCM platform on one database.
Paycom was founded in 1998 in Oklahoma City by Chad Richison, an early payroll-industry hire who set out to build payroll and HR on a single application rather than three or four bolted-together products. The company went public on the NYSE in 2014 under ticker PAYC, and now serves around 39,000 client businesses across small, mid-market and enterprise segments, primarily in the United States with international employee data handled through Global HCM.
The single-database design is the part that matters for reporting. Payroll, HR, time and labor, benefits administration, talent acquisition, talent management and learning all read and write from the same employee record, so a benefits change does not need to be re-keyed into payroll, and a new hire from the applicant tracker arrives with their tax forms already wired up. The 2021 launch of Beti pushed that further on the payroll side: employees preview, verify and approve their own paycheck before submission, with errors caught in front of the run instead of after it. For finance, HR and operations leaders, that single record is worth more in a warehouse next to GL postings, sales pipeline and project plans than it is in a Paycom report run one cost centre at a time.