What is Paycor and how does it work?

Paycor is a comprehensive human capital management (HCM) platform serving nearly 800,000 customers across the United States. The platform unifies payroll, HR, talent acquisition, workforce management, and benefits administration into a single system, eliminating the fragmentation that occurs when 50% of HR leaders juggle seven to ten different systems.

Benefits of Integrating Paycor with Abacum

Paycor's integration with Abacum enables finance teams to incorporate real-time workforce data into their financial planning and analysis, transforming headcount planning from a manual exercise into a strategic, data-driven process.

• Sync employee data, compensation details, and headcount changes automatically from Paycor to Abacum's FP&A platform

• Eliminate manual data entry between HR and finance systems, reducing errors and saving hours of reconciliation time

• Enable accurate headcount planning with real-time visibility into current workforce costs, benefits, and organizational structure

• Forecast labor costs precisely by combining Paycor's detailed payroll data with Abacum's scenario planning capabilities

• Track workforce metrics alongside financial KPIs in unified dashboards, connecting people costs to business performance

• Automate variance analysis between planned and actual compensation expenses across departments and cost centers

• Streamline monthly reporting by automatically pulling payroll actuals into financial models and investor reports

• Support data-driven decisions on hiring, compensation adjustments, and organizational restructuring with integrated workforce analytics