Profile: Paylocity Holding Corp (PCTY.O)
17 May 2019
Paylocity Holding Corporation, incorporated on November 6, 2013, is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company's services are provided in a software-as-a-Service (SaaS) delivery model utilizing the Company's cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based platform, offers various products, which include Paylocity Web Pay, Paylocity HR, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Recruiting, Paylocity Web Time, Paylocity Web Onboarding, and Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift.
The multi-tenant software platform is configurable and includes a unified suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management. The payroll and HCM applications use a unified database and provide on-demand reporting and analytics. As of December 31, 2017, the platform offered automated data integration with 200 related third-party systems, which include insurance provider systems. The Company focuses on automated data integration with a payroll and HCM provider. The Company also provides administration solutions to its clients, prospects, and the insurance broker community. Paylocity Corporation is the subsidiary of the Company.
Paylocity Web Pay
Paylocity Web Pay product is a core payroll solution. Payroll services include collection, remittance and reporting of payroll liabilities to federal, state and local authorities. Paylocity Web Pay is designed to provide enterprise-grade payroll processing and administration. Paylocity Web Pay features include company-level configuration, configurable templates, custom checklists, advanced reporting and human resources (HR) insight and analytics.
Paylocity HR provides a set of core HR capabilities, which are designed to manage employee information. Paylocity HR includes various features, such as employee record management, and HR compliance and reporting.
Paylocity Affordable Care Act Enhanced
Paylocity Affordable Care Act Enhanced (ACA Enhanced) provides compliance and reporting for the Affordable Care Act (ACA). ACA Enhanced automates form capture, preparation and filing of forms 1094-C and 1095-C and provides a compliance solution through dashboards, reporting, alerts and notifications.
Paylocity Impressions is a social media feature designed to integrate peer-to-peer collaboration and recognition into solution, giving employees the ability to recognize each other and provide immediate feedback through virtually any device having Internet access. Paylocity Impressions helps to provide timely recognition and promotes repeat positive behaviors among employees. Employees can also be given the option to self-manage their profiles, as well as update images and link to social sites, such as LinkedIn, Twitter and Facebook.
Performance Management provides employees the opportunity to participate in their performance review and be engaged in their professional development. Employee reviews and appraisals throughout the organization are stored and analyzed in a single system. Performance Management features include reviews, 360-degree feedback, goals management and self-service set-up.
Self-Service HR Portals
Self-Service HR Portals are designed to extend its solutions functionality by giving employees and managers real-time access to critical payroll and HR information. Self-Service HR Portals also provide the ability to post and manage company news items, add reminders, create custom Webpages, view organizational charts and download videos. Self-Service HR Portals features include employee self-service portal and manager self-service portal.
Paylocity Recruiting is an applicant tracking tool that automates candidate sourcing at steps in the hiring and decision making process, including gathering candidate resumes, routing candidate information for decision making, and record retention for consideration for future vacancies. Paylocity Recruiting's features include auto-fill of resume information, tracking of applicants and repository of applicant information.
Paylocity Web Time
Paylocity Web Time is a time and attendance solution designed to automate manual processes. Paylocity Web Time handles tasks, which include managing schedules, tracking time and attendance, including overtime, rounding rules, payroll policies, labor allocation and time-off accruals. Paylocity Web Time also notes exceptions, such as tardiness, absenteeism and misuse of break or meal periods. Paylocity Web Time is integrated with Paylocity Web Pay giving supervisors and employees a single point of entry into the system and automatic set-up of employee records and policies. Paylocity Web Time also provides the ability to select from a variety of biometric and bar code hardware options to track employee's time.
Paylocity Web Onboarding
Paylocity Web Onboarding delivers an approach to new hire onboarding and events management. This solution enables payroll and HR departments to deliver an intuitive, mobile-responsive onboarding experience to new hires. For administrators, Paylocity Web Onboarding processes generally associated with onboarding a new hire.
Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift
Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift are benefit management solutions, which integrate with insurance carrier systems to provide automated administrative processes and allows users to choose benefit elections and make life event changes online, summarize benefit elections and perform other similar benefit-related tasks. These solutions also enable reconciliation, management of voluntary benefits and advanced reporting. Both Web Benefits and Paylocity Enterprise Benefits integrate with Paylocity's Web Pay.
The Company competes with Ultimate Software Group, Inc., Workday, Inc., SAP AG, Oracle Corporation, Ceridian Corporation, Automatic Data Processing, Inc., Paychex, Inc., Paycom Software, Inc., Paycor, Inc. and Cornerstone OnDemand, Inc.
Paylocity Holding Corp
1400 American Ln
SCHAUMBURG IL 60173-5452