Paycor Launches Integration Platform to Transform Connectivity

Rhea-AI Summary

Paycor HCM (Nasdaq: PYCR) has launched its Integration Platform, designed to streamline connectivity between HCM software and third-party applications. The platform offers three key solutions: Paycor Marketplace with over 320 pre-built connectors, Developer Services for custom integrations, and Developer Tools including 140+ APIs. This launch addresses a critical market need, as research shows half of HR professionals use seven or more employment systems that are typically not integrated. The platform aims to enhance data accuracy, enable real-time availability, and provide enterprise-level system connectivity capabilities to mid-market companies.

Positive

• Launch of comprehensive Integration Platform with 320+ pre-built connectors
• Offers custom integration services with 10-day or less development time
• Provides 140+ APIs and developer tools for enhanced connectivity
• Addresses significant market need in HR system integration

Negative

• None.

Paycor's all-in-one HCM software connects with mission-critical third-party applications, addressing a growing demand for interoperability

CINCINNATI, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced the launch of its Integration Platform, offering flexible solutions to make connecting data and systems easier, especially for organizations who don’t have in-house IT or developer support. The platform enables customers to integrate their third-party HR software and business applications more efficiently, as well as drive better data accuracy and real-time availability.

The Paycor Integration Platform comes at a critical time, as Finch reports half of HR professionals leverage seven or more employment systems and most of these applications are not integrated, leading to time-consuming manual workarounds, errors, and inefficiencies. Paycor’s Integration Platform offers three flexible ways to enhance connectivity:

1. Paycor Marketplace: Provides access to over 320 pre-built connectors to industry-leading HCM vendor partners, including vertical-specific market needs.
2. Developer Services: Offers expert teams to scope, design, build and support custom integrations for clients, many of which are built in 10 days or less.
3. Developer Tools: Supplies resources that make it easier for customers to build a range of integrations, data feeds and reports. Our robust Developer Portal includes 140+ APIs, customizable templates and pre-built connectors to Paycor's reporting and data sharing tools.
   

"Our Integration Platform represents an industry step change, enabling customers to seamlessly connect their preferred business solutions to our HCM platform," said Ryan Bergstrom, Chief Product & Technology Officer at Paycor. "By offering industry-specific, highly customized solutions, we’re not just connecting systems, we’re fueling scalable operational efficiency by empowering leaders to meaningfully connect with their people, data and expertise. With this platform, we’re giving mid-market companies the ability to connect systems at a level and scope historically reserved for larger enterprises.”

To learn more about how Paycor is transforming connectivity, visit Paycor Integration Platform.

About Paycor
Paycor’s HR, payroll, and talent platform connects leaders to people, data, and expertise. We help leaders drive engagement and retention by giving them tools to coach, develop, and grow employees. We give them unprecedented insights into their operational data with a unified HCM experience that can seamlessly connect to other mission-critical technology. By providing expert guidance and consultation, we help them achieve business results and become an extension of their teams. Learn more at paycor.com.​

Media Relations:
Carly Pennekamp 
513-954-7282 
PR@paycor.com 

Investor Relations:
Rachel White
513-954-7388
IR@paycor.com

FAQ

What are the three main components of Paycor's (PYCR) new Integration Platform?

Paycor's Integration Platform consists of three main components: Paycor Marketplace with 320+ pre-built connectors, Developer Services for custom integrations, and Developer Tools including 140+ APIs and templates.

How quickly can Paycor (PYCR) build custom integrations through their Developer Services?

Paycor's Developer Services team can build custom integrations in 10 days or less.

How many pre-built connectors does Paycor's (PYCR) Integration Platform offer?

Paycor's Integration Platform offers over 320 pre-built connectors to industry-leading HCM vendor partners through its Marketplace.

What market need does Paycor's (PYCR) Integration Platform address?

The platform addresses the need for system integration, as half of HR professionals use seven or more employment systems that are typically not integrated, leading to manual workarounds and inefficiencies.