OKLAHOMA CITY (Feb. 7) – 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 Co-CEO, President and Chairman 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/.