HRO Insight blog
Please visit NelsonHall's HRO Insight blog for further updates from our analysts daily
Paycor - HCM Technology & GenAI: The Workplace of the Future
Vendor Analysis
published on Jul 28, 2025
Access to this report is restricted to logged in clients with access. Login to get full access
Report Overview:
This vendor assessment analyzes Paycor's offerings and capabilities in HCM Technology & GenAI
Who is this Report for:
NelsonHall’s HCM Technology profile on Paycor is a comprehensive assessment of Paycor’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of HCM Technology and identifying vendor suitability for HCM Technology RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the HCM Technology sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Paycor’s HCM Technology offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Paycor is a provider of cloud-based HCM technology and managed services for small and mid-sized businesses. Founded in 1990 as a payroll services company that initially delivered its services on licensed 3rd party software, in 1999, Paycor shifted away from this model, launching Perform Payroll, which set the foundation for its proprietary Paycor HCM platform that it leverages exclusively to deliver its managed services offering.
Paycor expanded its regional payroll coverage and delivery capability throughout the U.S. by acquiring Pay Day of America in 2004 and later acquired Checkdate Solutions in 2006. Although Paycor has primarily developed its cloud-based HCM platform and managed services capability organically, it has made select acquisitions to advance its technology offering, including:
- Verb (2023): leadership development and learning platform; incorporated into Paycor Paths
- Talenya (2022): AI-driven talent acquisition platform; now Paycor Smart Sourcing
- Newton Software (2015): applicant tracking system (ATS)
- Ximble (2019): time, attendance, and advanced scheduling technology
- 7Geese (2020): performance management.
In April 2025, Paychex successfully acquired Paycor for ~$4.1bn, resulting in the discontinuation of Paycor's stock trading on Nasdaq. This move aims to strengthen Paychex’s position in the mid-market by expanding its AI-enabled HR technology capabilities and creating additional growth channels via access to Paycor’s strategic partnerships and embedded HCM capabilities.