Vendor Analysis
published on Sep 12, 2025
Report Overview:
This NelsonHall vendor assessment analyzes Paylocity's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Paylocity is a comprehensive assessment of Paylocity’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for Payroll Services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Paylocity’s Payroll Services 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:
Paylocity is a U.S.-based cloud-based HR, payroll and spend management software and services provider offering its proprietary HCM and payroll platform, Paylocity. The business operates on a SaaS model that offers enterprise-focused solutions that automate and streamline HR functions. It was founded in 1997 as Ameripay Payroll Ltd and renamed to Paylocity in 2005. It has been investing heavily in generative AI capabilities across its solutions, including the collaboration hub and Community. Its clients have leveraged ~900k AI-assisted queries since its launch in Fiscal 2023. The organization's traditional customer targets are mid- and small-market businesses with between 10 and 5k customer employees.