Paycom Strengths, Domain Expertise, and Key Differentiators
Paycom's solution is based on a core system of record that contains payroll and HR information in one convenient database, thereby reducing costs and eliminating the need for multiple software products and vendors and the 2 maintenance of employee data in numerous databases.
This core system of record enables clients to input employee data one time and enjoy seamless functionality across applications. When a revision is made to the file of an employee, all appropriate personnel have access to the change in real-time.
In addition, the core system of record helps clients minimize the risk of compliance errors due to inaccurate or missing information that results from maintaining multiple databases.
Through accurate tracking and management of employee payroll and other HR data, such information can be compiled for comprehensive and consistent reporting for our clients.
Paycom Recent Developments
In November 2018, Paycom launched a sophisticated machine learning (ML) technology with its Employment Predictor technology, giving an employer greater insight into employees at risk of leaving its organization, based on a proprietary algorithm.
Paycom Mergers and Acquisitions (M&A) Activities
Paycom Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Paycom 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 Paycom 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 Paycom Payroll and HCM, customers.
Ownership: - PAYC : NYSE
Number of Employees: 3050
Functional Markets: Human Capital Management,
Key Verticals: Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Healthcare, Leisure and Hospitality, Manufacturing, Non Profit, Professional Services, Retail, Transportation,
Paycom Key Enterprise and Cloud Applications
Paycom Payroll and HCM,
Paycom Revenues, $M:
|Type/Year||2017||2018||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Paycom Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Paycom Enterprise Applications Revenues By Functional Markets, $M:
Paycom Enterprise Applications Revenues By Verticals, $M:
Paycom Revenues By Region, $M
|Region||% of Total Revenues||2018 Total Revenues, $M||2018 Enterprise Applications Revenues, $M||2018 Cloud Applications Revenues, $M|
Paycom Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Paycom Customers - Breakdown by Geo, Size, Vertical and Product
No. of Paycom Customers: 20000
No. of Paycom Enterprise Applications Customers: 20000
No. of Paycom Cloud Customers: 20000
No. of Paycom Cloud Subscribers: x
Paycom has over 20000 clients, or approximately 11000 clients based on parent company grouping.
Paycom Market Opportunities, M&A and Geo Expansions
In 2018, Revenues of $566.3 million, up 31% from the prior-year Paycom retains a stronghold in secondary and tertiary markets that rely on its payroll and HCM applications.
Over the past four years, Paycom has begun to move upmarket by securing larger clients.
Paycom Risks and Challenges
Paycom's transition from a payroll-centric service provider to a full-blown HCM applications vendor with extensive offerings from Core HR to talent management will test its ability to sustain its innovation quotient.
Paycom Ecosystem, Partners, Resellers and SI
Paycom has expanded to 46 sales teams located in 26 states.
Paycom Cloud Infrastructure Insights
Subscribe to read more about:
- Paycom Public Cloud and Infrastructure (IaaS)
- Paycom Platform (PaaS)
- Paycom Application Delivery
- Paycom Private Cloud and Data Centers
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).
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