The value of full-solution automation with Paycom

Nucleus interviewed Paycom customers to examine the value of unifying HR operations within a single-database application. Primary benefits included avoided costs and increased productivity, stemming from greater data visibility, retired point solutions, and increased automation. One HR user reported a 50 percent total reduction in time spent on HR processes upon implementing Paycom. Another organization was able to reduce the time spent processing payroll by an estimated 80 percent and onboarding new hires by more than 60 percent. Nucleus found that compounded savings across these areas can drive productivity gains of up to 64 percent on average for organizations using the full extent of the platform. Customers have also begun taking advantage of IWant, Paycom’s AI engine, which is expected to drive further productivity gains for HR, executives, managers, and employees as adoption ramps up. As the HCM technology market increasingly trends towards centralized, single-source experiences, Paycom’s breadth of offerings and continued investment in automation from a single database bolsters its positioning relative to competitors with lighter-weight functionality built with integrations and acquisitions.