Why Controllers Recommend Paycom
Providing you access to your data is a fundamental philosophy of Paycom’s. We provide you the tools to not only track and store your employee payroll and HR information, but to export it and analyze it helping you to be better informed of your day-to-day operations.
The Paycom Difference is . . .
Lower Your Labor Costs
- By accurately tracking time, reporting on labor distribution, overtime, unused deductions, accrued hours and the company’s liability, you can better manage your labor costs. With Paycom, we can also lower your payroll costs as we typically charge less than our competitors, we do not have annual price increases, and you only pay one invoice per payroll for the services used.
Strengthen Internal Controls With One Application
- Helping your company to securely separate payroll and HR duties is our mission. We allow you to setup an unlimited number of users with restricted system access. HR, Accounting and Payroll can be setup to only access data relevant to their job functions.
Securely Retain Payroll, HR and System Records Online
- Paycom does not purge your data for active or terminated employees so you always have access to your historical information. And all system changes are tracked with our audit trail that reports what was changed, who changed it, when, and the old and new values
Know Your Employee Data is Secure
- Paycom employs industry-proven standards for online security including 128-bit encryption, 24/7 system monitoring, and multiple offsite backup locations. In addition, Ernst & Young completes SSAE16 attestations and SOC1 reports of our internal controls every six months to insure the security of your information.
Accurately Track Employee Time
- By automating time collection, you know exactly when, where and how your employees are reporting their hours worked. Track labor distribution, overtime and more. Plus you can reduce time theft and errors from the manual entry of paper timesheet data.
Import Your General Ledger Report
- Paycom will setup your General Ledger Report with your chart of accounts prior to your first payroll. Each payroll this report is provided in Excel for easy incorporation into your accounting software.
Enjoy Standard Reports in Excel or PDF Formats
- Soon after payroll is processed a multitude of standard reports are available including your GL Report, 401k Report, Workers’ Comp Report, Labor Distribution Report and more. Each report is available in Excel and PDF Formats.
Create Custom Reports
- Any information stored in the system can be reported on with our point and click Report Writer. Filter the report to your specifications. Search by active and terminated employees, hourly and salaried employees, and subtotal by company, employee or department. You can report across multiple FEINs, save your report formats and share them with other users.
Avoid Reconciliation Headaches
- Paycom Pay provides for one payroll debit to your bank account and runs your payroll checks off of a Paycom account for which we do the reconciliation.
