OKLAHOMA CITY - Paycom (NYSE:PAYC) Software, Inc. (NYSE:PAYC), a notable provider of cloud-based human capital management software, has announced the expansion of its operations into the United Kingdom. This strategic move marks the company's first venture outside of North America and introduces its Beti® payroll solution to the U.K. market.
The expansion comes on the heels of Paycom's recent growth into Canada and Mexico and the launch of its Global HCM™ product, which extended the reach of Paycom's software to users across more than 180 countries, supporting 15 different languages and dialects. With this new development, U.K.-based organizations will have access to Paycom's comprehensive suite of HCM, payroll, and tax filing services through a single software solution.
Chad Richison, the founder, chairman, and Co-CEO of Paycom, expressed the company's commitment to innovation and its focus on simplifying processes for employees while enhancing engagement and driving employer return on investment on a global scale.
A study conducted by Forrester Consulting in 2023, commissioned by Paycom, found that a composite organization representative of clients using Beti experienced a significant reduction in time spent processing payroll by 90%. The vice president of total rewards and systems in the consumer services industry highlighted the efficiency gained by consolidating over nine separate systems into Paycom's integrated solution.
Paycom has been recognized for its technology and workplace culture, and with its Beti® solution, it empowers employees to take charge of their own payroll, helping to identify and rectify errors before payroll submission. This approach to human resources and payroll management aligns with Paycom's 25-year history of streamlining business processes and empowering employees with direct access to their data, all within a single application.
The information for this expansion is based on a press release statement from Paycom Software, Inc.
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