Paycom Increases SMB Payroll Productivity by 80%

May 14, 2021 - Research V80

Paycom provides small- and medium-sized businesses the ability to cut down on commonly made data errors with its intuitive user interface, centralized data store, and high employee adoption rates with an average HR error decrease of 55 percent. Organizations using Paycom have realized an average reduction of labor hours spent processing payroll by 50 percent due to the vendor’s automated general ledger (GL) integration, tax management, garnishment administration, and enhanced employee payments. Nucleus found that organizations achieved benefits by decreasing commonly found errors, while the ease of use of the vendor’s payroll module increased productivity during pay periods.