Paycom Expands Employee-Guided Payroll into Mexico

Rhea-AI Summary

Paycom Software, Inc. (NYSE:PAYC) Announces Expansion of Payroll Solution into Mexico, Introducing Beti® for Employee-Guided Payroll Experience

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• Paycom Software, Inc. (NYSE:PAYC) is expanding its payroll solution into Mexico, offering access to Beti®, its industry-first employee-guided payroll experience.
• This expansion marks Paycom's second North American expansion, showcasing its commitment to global growth and innovation.

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OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, announced it will expand its payroll solution into Mexico. This expansion includes access to Beti®, Paycom’s industry-first, employee-guided payroll experience. Mexico will be Paycom’s second North American expansion, following Canada earlier this year.

This launch follows the announcement of Global HCM™, which expanded availability of Paycom’s human capital management (“HCM”) software to users in more than 180 countries and 15 languages and dialects. Now, Paycom will offer its single-software solution for HCM, including Beti, to support organizations with employees in Mexico.

“With our recent launch into Canada and now Mexico, we continue to extend our geographic reach and provide tremendous value to businesses that embrace do-it-yourself payroll with Beti,” said Paycom’s founder, chairman and CEO, Chad Richison.

Paycom will offer businesses in Mexico payroll and tax management, differentiating it from other payroll products in the country.

According to a commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Paycom in June 2023, a composite organization representative of interviewed clients implementing Beti reduced time spent processing payroll by 90%.

As HR professionals continue to increase investments in technology, Paycom’s North American expansion will provide enhanced choices for companies with operations in Mexico.

For more information, visit https://www.paycom.com/software/beti/.

About Paycom

For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix costly errors before payroll submission. From onboarding and benefits enrollment to talent management and more, Paycom’s software streamlines processes, drives efficiencies and gives employees power over their own HR information, all in a single app. Recognized nationally for its technology and workplace culture, Paycom can now serve businesses of all sizes in the U.S. and internationally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231030459463/en/

Jason Bodin

1-800-580-4505

media@paycom.com

Source: Paycom Software, Inc.

FAQ

What is the latest announcement from Paycom Software, Inc. (NYSE:PAYC)?

Paycom Software, Inc. (NYSE:PAYC) has announced the expansion of its payroll solution into Mexico, introducing Beti® for an employee-guided payroll experience.

What is Beti® and how does it relate to Paycom Software, Inc. (NYSE:PAYC)?

Beti® is Paycom's industry-first, employee-guided payroll experience, offering innovative solutions for managing payroll processes.

Where is Paycom Software, Inc. (NYSE:PAYC) expanding its payroll solution?

Paycom Software, Inc. (NYSE:PAYC) is expanding its payroll solution into Mexico, marking its second North American expansion.

What does the expansion into Mexico signify for Paycom Software, Inc. (NYSE:PAYC)?

The expansion into Mexico signifies Paycom's commitment to global growth and innovation, showcasing its dedication to serving a broader market.

How will the expansion impact Paycom Software, Inc. (NYSE:PAYC) stock performance?

The expansion into Mexico may positively impact Paycom Software, Inc. (NYSE:PAYC) stock performance by demonstrating its potential for continued growth and market expansion.