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"The Total Economic Impact™ Of Paycom: Cost Savings And Business Benefits Enabled By Paycom"

Paycom has long championed the concept of putting all HR and payroll tools in a single-database software. And a new study uncovered its far-reaching benefits.

A commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Paycom revealed that for a composite organization representative of interviewed clients, unifying HR and payroll in a single-database software with automation and streamlined workflows achieved a three-year 362% ROI and resulted in:

• $1.4M net present value
• over 45% total time saved by HR
• 80% time saved on compliance work

Forrester Consulting interviewed companies using select Paycom tools across all five suites to create its composite organization with 500 employees, six in HR and 40 managers companywide.

How Paycom solved key challenges

In the study, interviewees shared the problems they faced with their previous provider, saying it:

• lacked a single, unified system
• burdened them with manual work
• was difficult to use
• hindered insights due to lack of data/analytics

They explained that a lack of a single solution required cobbling together disconnected systems. This severely limited automation, created extra work for everyone, delivered a subpar user experience and rendered data unreliable.

By unifying HR and payroll in Paycom’s automated, single-database software, clients were able to improve the employee experience, save thousands of hours annually and increase data accuracy.

“Having one single solution with Paycom is a strong selling point. It reduces manual steps and data quality issues,” a director of HR in the entertainment industry interviewed for the study told Forrester.

Key takeaways:

• Unifying HR and payroll functions and data in a comprehensive HCM software streamlined processes, enhanced employee efficiency and generated a three-year 362% ROI.
• Easy data access and more automated reports reduced time required for audit-related work by 80%.
• Streamlined workflows, improved compliance and additional efficiencies resulted in total time savings of more than 45% for HR.
• Automation and time-saving tools improved efficiency for not only HR but managers and employees across the workforce.
• Clean data and robust analytics with Paycom result in added business benefits such as company growth and cost savings.

To learn more, download The Total Economic Impact™ Of Paycom: Cost Savings And Business Benefits Enabled By Paycom study. 

DISCLAIMER: A commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Paycom, June 2025. Results are for a composite organization based on interviewed customers.

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