OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced the launch of its redesigned Employee Self-Service technology. This update significantly enhances the usability of Paycom’s application for its clients.
“We remain highly focused on providing the best possible user experience for businesses and their employees,” said Chad Richison, Paycom's founder and chief executive officer. “We are pleased with the positive feedback we've received as a result of our newly redesigned Employee Self-Service software for both desktop and mobile app usage. Improvements like this continue to deliver value to our clients and allow them to better engage their workforce.”
Along with the redesigned interface and icons, Paycom’s self-service enhancements included a “quick punch” feature, allowing employees to clock in with the click of a button. Additionally, a new “quick action button” allows them to add or edit information on time sheets or their expense management dashboard. These “quick action” features allow users to complete tasks from the convenience of one thumb. Users still can access Paycom’s mobile app instantly through fingerprint recognition, Face ID® or a PIN.
Paycom’s Employee Self-Service product, which is available for free download as Paycom on the App Store and Google Play, empowers businesses’ employees to take control of their own HR data and its related functions. According to HR.com, nearly 90% of HR professionals believe self-service technology is the most efficient way to provide payroll and HR information to their workforce; furthermore, most large organizations believe it saves their HR teams between seven and 10 hours per week.
Today’s workforce includes technology-dependent employees who are accustomed to using mobile apps as part of their daily lives, and Paycom’s self-service technology provides employees with easy mobile access to onboard as new employees, submit their time, complete training courses, enroll in benefits and much more, whenever and from wherever it is most convenient for them.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements that look to future events and include, but are not limited to, statements regarding our business strategy; trends, opportunities and risks affecting our business, industry and financial results; future expansion or growth plans and potential for future growth; and our plan to open additional sales offices and our ability to effectively execute such plan. In addition, forward-looking statements also consist of statements involving trend analyses and statements including such words as “anticipate,” “believe,” “could,” “expect,” “may,” “might,” “plan,” “would,” and similar expressions or the negative of such terms or other comparable terminology. These forward-looking statements speak only as of the date hereof and are subject to business and economic risks. As such, our actual results may differ materially from those set forth in the forward-looking statements as a result of the factors discussed in our filings with the Securities and Exchange Commission, including but not limited to those discussed in our Annual Report on Form 10-K for the year ended Dec. 31, 2017. We do not undertake any obligation to update or revise the forward-looking statements to reflect events that occur or circumstances that exist after the date on which such statements were made, except to the extent required by law.
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 software 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 life cycle, from recruitment to retirement. Paycom has the ability to serve 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.