# Paycom Software

Paycom Software is an Asset Manager based in Oklahoma City, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Oklahoma City, United States
- **Region:** North America
- **Address:** Oklahoma City, OK, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** paycom.com

## Regulatory record

- **Reports private funds:** No

## About

Chad Richison launched Paycom Software in 1998, bootstrapping the company in Oklahoma City before HCM technology had widely shifted to the cloud. The firm went public on the New York Stock Exchange in April 2014 under the ticker PAYC and has since grown into one of the largest independent payroll and human capital management providers in the United States, serving more than 36,800 clients. Richison remains the controlling shareholder and CEO, operating from the Oklahoma City headquarters with additional offices in Texas. Paycom offers a single-database SaaS platform that covers the full employee lifecycle, from recruitment to retirement. Its architecture goes beyond standard payroll processing to include talent acquisition, time and labor management, learning management, and performance management modules. A key differentiator is Beti, the firm's employee-driven payroll tool that lets each worker process and approve their own paycheck, reducing employer-side errors and liability. By vertically integrating core HCM functions instead of relying on third-party integrations for payroll, applicant tracking, and expenses, Paycom targets businesses with 50 to 5,000 employees. Though concentrated in North America, the firm processes payroll in all 50 states. As of early 2024, the company reported annual revenues exceeding $1.7 billion and employed several thousand professionals. Paycom operates from its corporate headquarters in Oklahoma City and maintains satellite offices in Grapevine and Irving, Texas. The firm has no disclosed family-office or fund-management vehicles, but its founder's rising net worth and concentrated share ownership place ongoing speculation around a potential single-family office structure. In 2023, Paycom signed a multi-year sponsorship with the PGA of America, including the 2028 Ryder Cup (per Sportico, June 2023). Paycom's structural distinction lies in its fully native platform combined with founder control. Unlike ADP and Workday, which grew through decades of acquisitions and patchwork integrations, Paycom built and maintains a single application from a unified codebase. Chad Richison's 10%+ equity stake and chairman-CEO dual role keep the company independent and founder-led, an increasingly rare governance profile among publicly traded enterprise-software firms of Paycom's scale.

## Sectors

- Enterprise Software
- FinTech

## Offices

- Grapevine, TX
- Irving, TX

## People

- Chad Richison — CEO, President and Chairman

## Questions

### Who is the founder and controlling shareholder of Paycom?

Chad Richison founded Paycom in 1998 and serves as its President, CEO, and Chairman of the Board. He maintains a substantial equity stake of over 10% in the publicly traded company (per SEC filings, 2024), giving him effective control over the firm's strategic direction. Richison's leadership tenure spans the company's entire history, from bootstrapped startup to NYSE-listed enterprise.

### What does Paycom's HCM platform actually cover?

Paycom provides a single-database, cloud-based platform that spans the full employee lifecycle: payroll, talent acquisition, time and labor management, HR management, learning management, and performance management. Its stand-out feature is Beti, an employee-driven payroll tool that guides each worker through processing and approving their own paycheck before submission, shifting payroll liability back to the employee. The platform is purpose-built on one codebase without reliance on third-party HCM integrations.

### Which companies does Paycom compete with?

Paycom competes directly with legacy payroll providers like ADP and cloud-native HCM suites like Workday. Its primary target market is mid-sized businesses with 50 to 5,000 employees, where it argues its fully integrated single-application model reduces complexity compared to multi-vendor or bolt-on payroll setups. The firm rarely competes for Fortune 500 enterprise resource planning deals, focusing instead on the upper mid-market.

### Where is Paycom headquartered and where does it operate?

Paycom's corporate headquarters is in Oklahoma City, Oklahoma, with additional office locations in Grapevine and Irving, Texas. The firm processes payroll for clients in all 50 US states and serves more than 36,800 organizations, though its direct operational footprint and client base remain almost exclusively North American.

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Last updated: 2026-06-03T20:00:00.000Z

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