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Product is available as a SaaS solution that requires no additional hardware.
Vendor works with small and mid-sized companies.
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Paycom Payroll is payroll software that provides users with a complete payroll toolset including General Ledger assistance, expense management, garnishment management, payroll tax management, online payroll processing, and enhanced ACA tools. The platform is equipped with the Paycom Pay tool that issues checks to employees that clear from a Paycom bank account, as well as drafts net payroll, taxes and fees from that same Paycom account.
The software is designed to enter payroll data into the user’s General Ledger, generates mapped GL reports that import directly into the user’s existing accounting software, and is equipped with multiple GL tools including custom file layouts, transparent auditing, and exception handling. Additionally, the platform provides users with multiple expense report types including expense audit, transaction, approval and expense classes reports, automatically updates employee reimbursement information, and electronically sends garnishment orders to employees through the employee self-service functionality.
Paycom was founded in 1998 and is headquartered in Oklahoma.