What is Paylocity and how does it work?
Paylocity is a comprehensive cloud-based Human Capital Management (HCM) platform that unifies HR, payroll, and finance operations on a single platform. Founded in 1997 and publicly traded since 2014 (NASDAQ: PCTY), Paylocity has evolved from a traditional payroll provider into an integrated ecosystem serving organizations from small businesses to large enterprises.
The platform operates through a robust API infrastructure, supporting hundreds of integrations across HR systems, benefits administration, accounting platforms, and time tracking solutions. Its unified architecture eliminates data silos between Human Resources, Finance, and IT departments, enabling seamless data flow and automated workflows across all business functions.
Benefits of Integrating Paylocity with Abacum
• Sync employee data, compensation details, and organizational structure automatically from Paylocity to Abacum, eliminating manual data entry and reducing errors in workforce planning
• Transform headcount planning with real-time visibility into salary costs, benefits, and departmental allocations, enabling more accurate budget forecasting and variance analysis
• Connect HR metrics directly to financial outcomes by linking employee lifecycle events, role changes, and compensation adjustments to their immediate budget impact
• Automate journal entries and GL mappings for payroll expenses, ensuring accounting accuracy while freeing finance teams to focus on strategic analysis rather than data reconciliation
• Enable collaborative workforce planning between HR and Finance teams, with unified dashboards showing headcount trends, labor costs, and their effects on overall financial performance
• Leverage Paylocity's extensive API framework to maintain secure, reliable data synchronization that scales with your organization's growth and complexity
• Accelerate month-end close processes by automatically importing payroll summaries, department allocations, and tax liabilities directly into Abacum's planning models
