What is Paylocity and how does it work?

Paylocity is a comprehensive human capital management (HCM) platform that unifies HR, payroll, and workforce management in a single cloud-based solution. Serving organizations from small businesses to enterprises with 500+ employees, Paylocity automates critical workforce processes while providing modern employee experiences through web and mobile interfaces.

Benefits of Integrating Paylocity with Abacum

The Paylocity-Abacum integration bridges the gap between workforce management and financial planning, enabling finance teams to incorporate real-time HR data into their FP&A processes.

• Automate headcount planning with live employee data flowing from Paylocity into Abacum's planning models
• Sync compensation data including salaries, bonuses, and benefits for accurate labor cost forecasting
• Eliminate manual data exports between HR and finance systems, reducing errors and saving hours weekly
• Build dynamic workforce scenarios using actual payroll data to model hiring plans and organizational changes
• Track departmental budgets with real-time visibility into labor costs across teams and locations
• Improve forecast accuracy by incorporating up-to-date employee metrics into revenue and expense planning
• Enable cross-functional collaboration between HR and finance teams working from a single source of truth