What is Paycom and how does it work?

Paycom is a comprehensive cloud-based Human Capital Management (HCM) platform that automates HR and payroll processes through a single database. The platform manages the entire employee lifecycle—from recruitment to retirement—including payroll processing, talent acquisition, time tracking, and benefits administration.

With its Beti® technology for employee-guided payroll and AI-powered data access, Paycom serves over 37,500 clients globally, processing millions of transactions while maintaining enterprise-grade security.

Benefits of Integrating Paycom with Abacum

• Automate headcount planning and forecasting by syncing real-time employee data, compensation details, and organizational structure directly into Abacum's planning models

• Eliminate manual payroll data exports with automatic synchronization of actual payroll costs, benefits expenses, and tax liabilities into your FP&A workflows

• Build accurate departmental budgets using live headcount data, salary bands, and benefits costs flowing seamlessly from Paycom to Abacum

• Track workforce metrics alongside financial KPIs through unified dashboards combining employee productivity, labor costs, and revenue per employee

• Accelerate month-end reporting by automatically pulling payroll accruals, expense allocations, and workforce costs into financial statements

• Enable scenario planning for workforce changes with real-time data on current compensation structures, allowing modeling of hiring plans, reorganizations, or compensation adjustments