Paycom Wins BIG: GONE Feature Automates Time-Off Management
Paycom Software (NYSE: PAYC) has been awarded a BIG Innovation Award for its Time-Off Requests tool featuring GONE®, an automated time-off management system. The feature allows businesses to automate time-off decisions using customizable criteria for approval and denial, ensuring business continuity.
According to a 2024 Forrester Consulting study, GONE has a projected ROI of up to 821% over three years. The system aims to eliminate scheduling errors, reduce staffing shortages, and add accountability to time-off management processes. The innovation was recognized for its process automation capabilities and financial impact, with judges particularly noting Paycom's unique single database that enables seamless integration between GONE and other workforce management tools.
Paycom Software (NYSE: PAYC) ha ricevuto un BIG Innovation Award per il suo strumento di Richieste di Tempo Libero che include GONE®, un sistema automatizzato di gestione delle assenze. Questa funzionalità consente alle aziende di automatizzare le decisioni relative alle assenze utilizzando criteri personalizzabili per l'approvazione e il rifiuto, garantendo così la continuità aziendale.
Secondo uno studio di Forrester Consulting del 2024, GONE ha un ROI previsto fino all'821% nel corso di tre anni. Il sistema mira a eliminare gli errori di programmazione, ridurre le carenze di personale e aggiungere responsabilità ai processi di gestione delle assenze. L'innovazione è stata riconosciuta per le sue capacità di automazione dei processi e per il suo impatto finanziario, con i giudici che hanno sottolineato in particolare il database unico di Paycom che consente un'integrazione fluida tra GONE e altri strumenti di gestione della forza lavoro.
Paycom Software (NYSE: PAYC) ha recibido un BIG Innovation Award por su herramienta de Solicitudes de Tiempo Libre que incluye GONE®, un sistema automatizado de gestión de ausencias. Esta función permite a las empresas automatizar las decisiones sobre ausencias utilizando criterios personalizables para la aprobación y el rechazo, asegurando así la continuidad del negocio.
Según un estudio de Forrester Consulting de 2024, GONE tiene un ROI proyectado de hasta el 821% durante tres años. El sistema tiene como objetivo eliminar errores de programación, reducir la escasez de personal y agregar responsabilidad a los procesos de gestión de ausencias. La innovación fue reconocida por sus capacidades de automatización de procesos y su impacto financiero, destacando los jueces el singular base de datos de Paycom que permite una integración sin problemas entre GONE y otras herramientas de gestión de la fuerza laboral.
Paycom Software (NYSE: PAYC)는 GONE®라는 자동화된 휴가 관리 시스템을 포함한 휴가 요청 도구로 BIG Innovation Award를 수상했습니다. 이 기능은 기업이 승인 및 거부를 위한 맞춤형 기준을 사용하여 휴가 결정을 자동화할 수 있도록 하여 비즈니스 연속성을 보장합니다.
2024년 Forrester Consulting의 연구에 따르면 GONE은 3년 동안 최대 821%의 ROI가 예상됩니다. 이 시스템은 스케줄링 오류를 제거하고 인력 부족을 줄이며 휴가 관리 프로세스에 책임을 추가하는 것을 목표로 합니다. 이 혁신은 프로세스 자동화 기능과 재정적 영향으로 인정받았으며, 심사위원들은 GONE과 다른 인력 관리 도구 간의 매끄러운 통합을 가능하게 하는 Paycom의 독특한 단일 데이터베이스를 특히 강조했습니다.
Paycom Software (NYSE: PAYC) a reçu un BIG Innovation Award pour son outil de Demandes de Congés qui inclut GONE®, un système automatisé de gestion des congés. Cette fonctionnalité permet aux entreprises d'automatiser les décisions concernant les congés en utilisant des critères personnalisables pour l'approbation et le refus, garantissant ainsi la continuité des affaires.
Selon une étude de Forrester Consulting de 2024, GONE a un ROI prévu jusqu'à 821% sur trois ans. Le système vise à éliminer les erreurs de planification, à réduire les pénuries de personnel et à ajouter de la responsabilité aux processus de gestion des congés. L'innovation a été reconnue pour ses capacités d'automatisation des processus et son impact financier, les juges notant en particulier la base de données unique de Paycom qui permet une intégration fluide entre GONE et d'autres outils de gestion des effectifs.
Paycom Software (NYSE: PAYC) wurde mit dem BIG Innovation Award für sein Tool zur Urlaubsanfrage ausgezeichnet, das GONE®, ein automatisiertes System zur Verwaltung von Urlaubsanträgen, umfasst. Mit dieser Funktion können Unternehmen Urlaubsentscheidungen automatisieren, indem sie anpassbare Kriterien für Genehmigung und Ablehnung verwenden, was die Geschäftskontinuität gewährleistet.
Laut einer Studie von Forrester Consulting aus dem Jahr 2024 hat GONE eine voraussichtliche Kapitalrendite (ROI) von bis zu 821% über drei Jahre. Das System zielt darauf ab, Planungsfehler zu beseitigen, Personalmangel zu reduzieren und Verantwortung in den Prozessen der Urlaubsverwaltung zu stärken. Die Innovation wurde für ihre Automatisierungsfähigkeiten und ihre finanziellen Auswirkungen anerkannt, wobei die Juroren insbesondere die einzigartige Einzeldatenbank von Paycom hervorhoben, die eine nahtlose Integration zwischen GONE und anderen Tools zur Verwaltung der Arbeitskräfte ermöglicht.
- Projected ROI of up to 821% over three years for GONE feature
- Recognition through BIG Innovation Award validates product value
- Integration capabilities with existing Paycom tools through single database
- None.
Insights
Paycom's GONE feature represents a strategic advancement in HR automation technology. The projected
The integration with Paycom's single database architecture is technically significant - while competitors often require multiple integrations between time-off management and other HR modules, GONE's native integration eliminates data silos and reduces error rates. This technological advantage strengthens Paycom's competitive moat in the HCM software market.
For non-technical readers: Think of GONE like a smart traffic light system that automatically manages traffic flow based on pre-set rules, but for employee time-off requests. Instead of managers manually reviewing each request, the system makes decisions automatically based on company policies, saving significant time and reducing human error.
The BIG Innovation Award, while ceremonial, validates Paycom's strategic focus on automation in the
The
For everyday investors: This product enhancement strengthens Paycom's value proposition in a highly competitive market. While a single feature won't dramatically alter the company's market position, it demonstrates Paycom's commitment to innovation and ability to deliver measurable cost savings to clients - key factors in maintaining customer retention and driving long-term growth.
Paycom’s GONE allows businesses to automate time-off decisions to best fit their needs using customizable decision criteria for time-off request approval and denial to ensure business continuity. This innovative feature simplifies the review process, decreases managerial decision fatigue and supports accurate and fair accounting and application of accruals. GONE has a projected return on investment of up to
“By automating time-off management, businesses drive greater efficiency and productivity for their employees by eliminating scheduling errors, reducing staffing shortages and adding accountability to a process that has gone largely undermanaged,” said Chad Richison, Paycom founder and CEO.
The 2025 BIG Innovation Awards celebrate organizations and individuals pushing boundaries and advancing their industries. Winners are evaluated by a panel of seasoned business leaders and executives who consider creativity, measurable results and overall impact in their selections.
One judge believed GONE could be largely impactful in terms of process automation and financial impact. Another praised Paycom’s unique single database, which allows seamless connection between GONE and other Paycom tools designed for optimal workforce management.
“Humanity relies on innovation to improve our lives and the planet,” said Russ Fordyce, CEO of Business Intelligence Group. “We’re thrilled to spotlight Paycom as a shining example of innovation making a profound impact globally.”
For more information on GONE, visit https://www.paycom.com/software/time-off-requests/.
*Results from the Forrester Consulting study are for a composite organization representative of interviewed Paycom clients.
About Paycom
For over 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. From onboarding and benefits enrollment to talent management and more, Paycom’s employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom’s single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized nationally for its technology and workplace culture, Paycom serves businesses of all sizes in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250115425024/en/
Larisha Hunter
media@paycom.com
Source: Paycom Software, Inc.
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