Paycom Software Inc Has Room To Run

Paycom Software (NYSE: PAYC) targets C-suite executives and HR managers in the U.S. with its all-in-one human capital management (HCM) software solution, a convenient alternative to cobbling together products from multiple vendors. Instead of running one system to manage payroll and another to manage time entry and tracking, and still another to assist with tasks such as recruiting, training, and performance reviews, Paycom customers can log on to one integrated system -- running on a single cloud-based database -- that handles it all, including compliance with government regulations.This lets companies focus on their own business instead of the ever-changing complexities of the tax code or various labor laws.