Paycom Software, Inc.

Paycom provides comprehensive, cloud-based human capital management software covering payroll, talent management, HR, and workforce management through a single unified application. Chad Richison founded it in 1998 in Oklahoma City. Paycom was one of the earliest companies to build a fully unified, cloud-native HCM platform, years before "cloud" became a buzzword.

The single-application design manages the complete employee lifecycle. Core capabilities include payroll processing, tax management, time and attendance, talent acquisition with applicant tracking and onboarding, performance reviews, learning management, compensation budgeting, benefits administration, government compliance, document management, and scheduling.

The standout feature is Beti, which stands for Better Employee Transaction Interface. It's a patent-pending technology that lets employees manage their own payroll. Employees verify and approve their own paychecks before payday. They review hours, PTO, expenses, deductions, and tax withholding, and can spot and correct errors before payroll finalizes. This flips the traditional model. Instead of HR chasing down errors after the fact, employees catch them upfront. That reduces payroll mistakes, eliminates retroactive fixes, and cuts administrative work for HR teams.

GONE automates time-off management for PTO requests, approvals, and tracking. The real power of Paycom is having everything in one database. No integrations to manage. No data sync issues. No fragmented reporting that comes from using multiple best-of-breed tools.

The target market is mid-market organizations with 50 to 10,000 employees. Sales runs through a direct force organized by geography, with offices across the US. Dedicated service reps support each team, creating a high-touch model that keeps customers satisfied.

Annual revenue is roughly $2.1 billion with gross margins around 85%. Pricing is per-employee-per-month, with additional revenue from payroll tax filing and payment processing. Operating margins exceed 25%, among the highest in HCM software.

AI investment focuses on automated payroll runs, intelligent error detection, and predictive scheduling. The single-database architecture provides uniquely clean data for AI features.

With about 7,000 employees, 37,000+ clients, and consistent growth, Paycom competes effectively against ADP, Workday, and UKG in the mid-market HCM space.