Paycom Software, Inc. (NYSE: PAYC) has released findings from a Forrester Consulting Total Economic Impact™ (TEI) study, highlighting the significant benefits of its automated, single-database human capital management (HCM) software. The study demonstrates how Paycom’s unified platform delivers substantial cost savings and operational efficiencies for businesses, achieving a three-year 362% return on investment (ROI) for a composite organization.
Paycom’s cloud-based HCM software operates on a single database, ensuring seamless data flow across the employee life cycle. This design eliminates the inefficiencies of disparate systems, which, according to a separate Forrester study, affect 80% of companies using an average of 6.17 HCM providers. As Chad Richison, Paycom founder and CEO, stated, “Paycom is the most automated solution in the industry, and our clients frequently attest to that.” The TEI study confirms this, noting improved data integrity and real-time analytics.
The Forrester TEI study, based on interviews with Paycom clients, found that a composite organization of 500 employees achieved over 45% time savings for HR teams annually. Compliance tasks saw an 80% reduction in time, while a single database saved $300,000 yearly by enhancing data visibility and analytics. A director of HR in the entertainment industry noted, “The ROI for Paycom is definitely there, given the amount of time that we save by having one solution to manage versus having different integrations.”
Paycom’s platform provides robust analytics, enabling businesses to make data-driven decisions. A chief HR officer in consumer goods told Forrester, “The analytics provided with Paycom have really helped at the business strategy level and let us understand where our turnover is, where cost savings can be seen, and where we should be investing more.” This capability supports workforce planning, cost optimization, and company growth, unlike fragmented systems that hinder accurate reporting.
The study highlights the drawbacks of legacy HCM providers, which often lack unified solutions, leading to duplicate data and inefficiencies. Paycom’s automation streamlines processes across payroll, talent acquisition, and workforce management, reducing administrative burdens. The composite organization, using Paycom’s five suites, transitioned from a legacy provider to achieve these benefits, showcasing the platform’s scalability and impact.
As shown in the finance card above, Paycom’s current stock price is $222.94, reflecting a year-to-date increase from $205.26 in 2024 to $222.94 in June 2025. This growth aligns with Paycom’s strong market position and the proven value of its software, as validated by the Forrester study’s findings of significant ROI and operational improvements.
Paycom’s automated, single-database HCM software sets a new standard for workforce management, delivering measurable financial and operational benefits. The Forrester TEI study underscores its ability to drive efficiency, enhance analytics, and empower businesses to navigate complex HR challenges with confidence.
For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees’ lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom’s employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom’s single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
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