What is Paycor and how does it work?

Paycor is a comprehensive Human Capital Management (HCM) platform that helps businesses manage their most valuable resource—their people. As a SaaS company with over 30 years of experience, Paycor serves more than 50,000 businesses and processes payroll for approximately one in eleven private sector workers in the United States.

The platform combines payroll processing, HR management, talent acquisition, workforce management, and benefits administration into a unified system. Through its cloud-based architecture, Paycor enables real-time calculations, automated compliance monitoring, and mobile accessibility, allowing HR teams to manage everything from recruitment through retirement in one place.

Benefits of Integrating Paycor with Abacum

• Sync payroll data automatically from Paycor to Abacum, eliminating manual data entry and reducing errors in headcount planning and labor cost forecasting

• Connect compensation data with financial models to create accurate departmental budgets and track variance between planned and actual personnel costs

• Automate headcount reporting by pulling employee data, salary information, and benefits costs directly into Abacum's planning scenarios

• Enable real-time workforce analytics by combining Paycor's HR metrics with Abacum's financial KPIs for comprehensive business performance dashboards

• Streamline benefits planning through integrated data flows that capture healthcare, retirement, and other benefit costs for accurate total compensation modeling

• Support scenario planning with up-to-date workforce data, allowing finance teams to model hiring plans, reorganizations, and compensation changes

• Maintain data consistency across HR and finance systems with bi-directional syncing that ensures both teams work from a single source of truth

• Accelerate month-end close by automatically reconciling payroll expenses from Paycor with financial statements in Abacum