General information
Paylocity allows HR managers to easily manage daily tasks in payroll & workforce management. It supports organization management, which is used to keep a record of reporting, permissions, etc. Paylocity tracks time, attendance, and other workforce-related information. It also consists of expense management, helps manage the salary structures. It offers a good focus on compliance standards that are met through tracking and reporting. It provides the ease of creating expense reports. Paylocity also supports bank or credit card integration for the ease of transactions as needed. Its smart categorization technique automatically assigns the categories or accounts based on the records.
Paylocity consists of digital receipt management, employee reimbursement receipts; and allows the employees to access the current and records with the help of a web portal. The self-service portal allows the employees to log in and review the details of the administration. It allows employees with mobile benefits access.
Newer Innovations in Paylocity
Paylocity involves third party integration to multiple core systems. It offers Document Management which stores all the details about the employee agreements. Paylocity allows the Ad-Hoc and historical total compensation statements for the employees, which makes the administration focus on its key business processes.
Paylocity governs federal and state benefits regulations which include the Consolidated Omnibus Reconciliation Act (COBRA) and the Health Insurance Portability and Accountability Act (HIPAA).
Paylocity consists of integration and APIs that maintain employee data such as the general profiles, salaries, bonuses, deductions, etc. It also empowers businesses to setup automation-related tasks.
Paylocity is capable of sharing files that makes it robust for the import and export system. It maintains the content library. Paylocity consists of the payroll entry of all employees based on salary and total hours, which is a great advantage to the administrator. The direct deposit feature automatically deposits the amount in the employees’ bank account.
Why we use Paylocity?
Paylocity is a compliant HRMS management system. It offers great document management which ensures personnel data storage is well managed within the system itself.
Industry positive reviews
According to some of the customers, Paylocity provides ease of communication between the HR and the employees. It is very prompt to answer the questions of the customers. Paylocity is a fully integrated HRIS. Business users believe that Paylocity saves time as well as prevents paperwork.
Needs improvement
Few believe that Paylocity is an inflexible system. Its customer service is not good at all. Paylocity does not acquire that much knowledge. It requires more technical skills to operate as it is still a complicated system.
Similar products in the industry
Some of the similar products available in the industry are Workday HCM, Paychex Flex, UltiPro, Paycom, ADP Workforce Now, Kronos Workforce Ready, Ceridian Dayforce, Bamboo HR, Namely and Kronos Workforce Central.