Paycom Redefines Reporting Process for Human Capital Management

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New ‘Push Reporting’ feature standardizes delivery of employee data for critical components of employment life cycle.

Paycom’s Push Reporting feature provides users with the ability to create fully customized reports that can be scheduled for delivery to various departments as needed.

Paycom (NYSE: PAYC), a leading provider of comprehensive cloud-based technology for human capital management, announced the addition of Push Reporting, a new capability that will increase the quality, speed and efficiency in which human resource executives can populate, produce and analyze employee data generated reports. Leveraging Paycom’s payroll and HR solutions with the added Push Reporting feature, businesses will be able to accurately access information related to key HR areas such as time and labor management, payroll, talent management and benefits administration.

“The demand for better business analytics and automatically populated reports is something that executives and HR professionals have needed for some time,” said Chad Richison, Paycom’s president and CEO. “Paycom’s Push Reporting feature finally provides the industry with a smart process and an automated solution that advances how the enterprise can better leverage employee data from all parts of the employment life cycle. We’re excited to be the first within the HCM (human capital management) space to bring to the market a solution that further empowers our industry category.”

Paycom’s Push Reporting feature provides users with the ability to create fully customized reports that can be scheduled for delivery to various departments as needed. This offering, combined with Paycom’s unique single-database architecture, allows executives to evaluate relevant employee data in real time. Through a unique interface, users can save, manage and analyze reports that can be populated based on preferred frequency – daily, weekly, monthly, quarterly or annually. Users are notified via email that scheduled results are available and are accessible via the Push Reporting Inbox within Paycom’s Report Center. This functionality gives organizations the ability to improve their business analytics and operations.

Paycom’s unrivaled proprietary software frees HR and others from compiling payroll, time and labor management and HR management reports by generating them on their behalf. All reports then can be exported in any format the company requests, including Excel, CSV, PDF, HTML, .TXT and Microsoft Word.

The product release is Paycom’s second for 2014 after the company launched Paycom Survey, a tool that allows employers the ability to quickly create, distribute and analyze online employee surveys. This product offering was also a first within the human capital management industry, empowering employers to increase retention and reduce turnover by measuring employee satisfaction.

“Push Reporting enables HR managers to automatically deliver scheduled reports to their CFO’s inbox, including key areas like labor analysis or expense management, tracking overtime worked and employee expenses on a regular basis,” Richison said. “We’ve allowed companies to pull very complex reports in a very simple way.”

About Paycom
As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom serves businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.

Forward-Looking Statements
This press release includes “forward-looking statements” – that is, statements related to future events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements involve certain risks and uncertainties and ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, you should refer to Paycom’s SEC filings. Paycom undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release, except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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