What is Paycom and how does it work?

Paycom's comprehensive human capital management platform provides cloud-based HR and payroll solutions through a single database architecture, automating the entire employee lifecycle from recruitment to retirement. The integration with Abacum transforms how finance teams incorporate workforce data into their strategic planning, connecting real-time payroll and HR metrics directly to financial forecasts and budgets.Benefits of Integrating Paycom with Abacum

Benefits of Integrating Paycom with Abacum

• Sync payroll data, headcount metrics, and compensation information automatically from Paycom's single database into Abacum's planning models

• Eliminate manual data exports and reduce errors by connecting actual payroll costs directly to budget variances and forecasts

• Enable real-time headcount planning with live employee data flowing from Paycom into Abacum's scenario modeling tools

• Automate variance analysis by comparing planned vs. actual compensation expenses without spreadsheet reconciliation

• Build more accurate financial forecasts using Paycom's comprehensive employee cost data including benefits, taxes, and other compensation elements

• Connect workforce analytics to financial outcomes, linking employee productivity metrics to revenue and profitability models

• Streamline month-end close with automated journal entries from Paycom flowing directly into Abacum's reporting workflows

• Enable finance and HR collaboration through unified dashboards showing both financial KPIs and workforce metrics in real-time