Paycom Expands Automated Payroll With Beti Into the United Kingdom

Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, announced it will expand its product offerings and geographic reach into the United Kingdom. This latest inroad includes access to Beti, an industry-first solution that empowers employees to do their own payroll. The U.K. launch will be Paycom’s first foray outside North America and the first new international market in 2024.

This expansion follows the company’s 2023 move into Canada and Mexico as well as its launch of Global HCM, which increased availability of Paycom’s software to users in more than 180 countries and 15 languages and dialects. Now, Paycom will offer its single-software solution for HCM, payroll and tax filing to support organizations with employees in the U.K.

“This expansion to the U.K. reflects our commitment to providing innovative technology that simplifies the lives of employees, enables our clients to better engage their employees and drives further employer ROI on a global scale,” said Paycom founder, chairman and Co-CEO Chad Richison.

According to a commissioned Total Economic Impact study conducted by Forrester Consulting on behalf of Paycom in 2023, a composite organization representative of interviewed clients implementing Beti reduced time spent processing payroll by 90%.

When asked about the impact of implementing Beti, a vice president of total rewards and systems in the consumer services industry explained, “We had over nine separate systems that we consolidated into Paycom.”

For more information, visit https://www.paycom.com/software/beti/.

About Paycom

For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti, employees now do their own payroll and are guided to find and fix costly errors before payroll submission. From onboarding and benefits enrollment to talent management and more, Paycom’s software streamlines processes, drives efficiencies and gives employees power over their own HR information, all in a single app. Recognized nationally for its technology and workplace culture, Paycom can now serve businesses of all sizes in the U.S. and internationally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240207277100/en/

The Paycom Software Stock at the time of publication of the news with a raise of +0,41 % to 198,5USD on NYSE stock exchange (07. Februar 2024, 21:55 Uhr).