Paycom Stock Boost Expected From New Focus On Employee Self-Service
Summary
XSamana said the maker of human-resources and payroll-processing software is focused on getting customers to adopt its "100% employee engagement" target. "We find it impressive that Paycom put up a strong 2018 even as it was evolving its go-to-market strategy," Samana said. "This also gives us confidence management can have sales reps successfully go-to-market with the 100% engagement philosophy, which it only recently started doing. It competes with service bureaus Automatic Data Processing ( ADP ) and Paychex ( PAYX ) as well as Ultimate Software ( ULTI ) and Paylocity Holding ( PCTY ). Paycoms "single database platform and new mobile app are the linchpins" to its employee self-service strategy, added the Jefferies analyst.
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applications
Accounting and Taxes
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Human Capital Management Software
Payroll Software
HR Software
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Paycom
$1B+