Paylocity Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Paylocity Strengths, Domain Expertise, and Key Differentiators

Paylocity's strengths lie in its cloud-based payroll and HR applications designed for midmarket companies. With a focus on providing an intuitive user experience, the platform offers flexibility and configurability, aligning seamlessly with diverse business processes. The software-as-a-service (SaaS) delivery model reduces total cost of ownership, and its open architecture supports extensive data integration with partner ecosystems.

Paylocity Recent Developments

Paylocity responded to the unique challenges posed by the pandemic with its COVID-19 Return to Work offerings. These additions to the Paylocity platform aimed to streamline recruiting, onboarding, and rehire processes, showcasing the company's adaptability during unprecedented times. As of the latest financial data available, Paylocity's revenue growth and profit underline its stability and resilience in the evolving HR and payroll software landscape.

Paylocity Mergers and Acquisitions (M&A) Activities

In 2024, Paylocity acquired Airbase Inc, a modern spend management platform. This signals a clear intent to unify HR and finance operations under a single cloud-native ecosystem. As mid-market and enterprise clients demand more integrated and data-driven tools for managing the employee lifecycle and financial operations, Paylocity is poised to identify complementary technologies in areas such as workforce planning, budgeting, and compliance automation.

Paylocity Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Paylocity applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Paylocity and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Paylocity customers.

Paylocity Key Enterprise and Cloud Applications

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Paylocity Direct vs Indirect sales

Paylocity Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Paylocity Customers

No. of Paylocity Customers: 39050

No. of Paylocity Enterprise Applications Customers: 39050

No. of Paylocity Cloud Customers: 39050

No. of Paylocity Cloud Subscribers: 3 million

With a substantial customer base of 39,050 organizations in the U.S., Paylocity caters to a diverse range of industries, including business services, healthcare, and technology. Noteworthy customers such as Lindamood-Bell Learning Processes and Uncle Julio's Corporate Office exemplify the platform's versatility and widespread adoption.

Paylocity Market Opportunities, M&A and Geo Expansions

Paylocity is well-positioned to capitalize on future growth opportunities by expanding its platform beyond traditional HCM into broader enterprise functions, particularly finance. The acquisition of Airbase underscores a strategic pivot toward unifying HR and finance operations, enabling Paylocity to deliver a more comprehensive, cloud-native solution for mid-market and enterprise clients. As organizations increasingly seek integrated, data-driven platforms to manage the full employee and financial lifecycle, Paylocity is expected to pursue innovations and partnerships in areas such as workforce analytics, spend optimization, compliance automation, and AI-powered decision support.

Paylocity's opportunities lie in its innovative features, including Community, Premium Video, Surveys, Learning Management, and the Modern Workforce Index. The launch of ACA Enhanced, a compliance solution for Affordable Care Act reporting, further demonstrates Paylocity's commitment to addressing evolving regulatory landscapes. As companies focus on enhancing the employee experience, Paylocity stands poised to capitalize on these market trends.

Paylocity Risks and Challenges

While Paylocity has successfully positioned itself as a cloud-based payroll service provider, its future growth depends on redefining the payroll market through customization capabilities and multi-country support. The termination of a key reseller raises questions about its channel strategy, emphasizing the need for a balanced approach in the evolving market dynamics.

Paylocity Ecosystem, Partners, Resellers and SI

With over 300 integration partners across 20 product categories, Paylocity's open architecture facilitates seamless data management across various business platforms. The company's referral network, consisting of 401(k) advisors, benefits administrators, and HR consultants, plays a pivotal role in its sales process. Partnerships with industry giants like Fidelity Investments and innovative collaborations with EvoShare and Compeat underscore Paylocity's commitment to building a robust ecosystem.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: