The Total Economic Impact™ Of Paycom: Cost Savings And Business Benefits Enabled By Paycom

 

Learn how unifying HR and payroll in one comprehensive, automated HCM software generated a three-year 362% ROI.

 

Paycom has long championed the concept of putting all HR and payroll tools in a single-database software. And a new study uncovered its far-reaching benefits.


A commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Paycom revealed that for a composite organization representative of interviewed clients, unifying HR and payroll in a single-database software with automation and streamlined workflows achieved a three-year 362% ROI and resulted in:


  • $1.4M net present value*
  • over 45% total time saved by HR
  • 80% time saved on compliance work


Forrester Consulting interviewed companies using select Paycom tools across all five suites to create its composite organization with 500 employees, six in HR and 40 managers companywide.


How Paycom solved key challenges


In the study, interviewees shared the problems they faced with their previous provider, saying it:


  • lacked a single, unified system
  • burdened them with manual work
  • was difficult to use
  • hindered insights due to lack of data/analytics


They explained that a lack of a single solution required cobbling together disconnected systems. This severely limited automation, created extra work for everyone, delivered a subpar user experience and rendered data unreliable.


By unifying HR and payroll in Paycom’s automated, single-database software, clients were able to improve the employee experience, save thousands of hours annually and increase data accuracy.


“Having one single solution with Paycom is a strong selling point. It reduces manual steps and data quality issues,” a director of HR in the entertainment industry interviewed for the study told Forrester.


*A commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Paycom, June 2025. Results are for a composite organization based on interviewed customers.

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About our Sponsor, Paycom:

Paycom provides transformative HR and payroll software for the entire employee life cycle. A single, easy-to-use software empowers employees to access, manage and update their own HR data — from benefits and PTO to direct deposit and everything in between — all under the same digital roof. The transfer of responsibility from HR to employee increases accuracy, security and compliance; improves the overall employee experience, thus boosting retention levels; and frees HR to focus on driving greater business value.