Paychex + Paycor: Raising the Bar in HCM Innovation
Two industry leaders have joined forces to raise the bar in HCM with unrivaled AI-enabled technology supported by world-class service and advisory capabilities. Together, we are delivering the future of HCM.
Our Customers Get the Best of Both Worlds
Paycor will operate as a standalone business unit of Paychex, Inc. Our customers will stay on the Paycor platform and maintain their service team relationships. They’ll also benefit from the combined power of two industry-leading HCM providers.
Strengthening OurPartnerships
The acquisition benefits both brokers and clients by delivering industry-leading HCM innovation that gives customers a decisive competitive advantage. Built on a decade of trust and successful broker partnerships, we value your specialized expertise and see our complementary relationship creating mutual referral opportunities. We’ll maintain these core principles as we implement new safeguards and processes.
A Future–Focused Approach to Product & Services
By joining forces, we are now in the position to offer the industry’s most comprehensive, flexible, and innovative HCM solutions, along with a full spectrum of HR advisory and employee solutions that will keep our customers ahead of the curve.
To learn more about our vision for the future, read our press release.
General FAQs
What Does This Acquisition Mean for the HCM Industry?
Paychex’s addition of Paycor to the Paychex portfolio is highly complementary. It creates the most comprehensive, flexible, and innovative HCM solution for organizations of all sizes in the industry. The addition of Paycor will extend Paychex’s current upmarket position and expand its suite of AI-driven HR technology and advisory solutions.
How will this impact Paycor customers and what’s the timeline for technology integration?
Paycor customers will remain on the Paycor platform and receive support through their existing service team relationships. The products and services they receive today will continue. This acquisition also creates the opportunity for Paycor customers to benefit from an expanded suite of technology, products and service offerings designed to support them and help businesses address their HR challenges.
What, if any, service changes can customers expect?
The service team relationships that are in place today will remain.
What is the benefit of the acquisition to both Paychex and Paycor customers?
By combining forces, we have a solution that can grow with businesses of all sizes. Paycor’s customers will benefit from Paychex’s broad set of HR advisory and employee solutions, as well as from the scale and tradition service excellence that Paychex is well-known for in the marketplace.
Paycor’s set of capabilities and assets will complement Paychex’s leadership position and extend its current position in the upmarket, enabling an expanded suite of AI-enabled technology and advisory solutions designed to help businesses of all sizes address their HR needs.
What leadership changes will take place? Will these changes be effective immediately?
Two executives from Paycor are joining the Paychex executive leadership team. Effective immediately, Adam Ante, former Chief Financial Officer at Paycor, leads the Paycor business unit, and Ryan Bergstrom, former Chief Product and Technology Officer, becomes Chief Product Officer of Paychex. Both report to John Gibson, Paychex president and CEO and join the Paychex Executive Committee. Former Paycor CEO Raul Villar is serving as a strategic advisor to John Gibson to ensure a smooth transition and long-term growth.
Will Paycor HQ remain in Cincinnati?
Cincinnati will remain Paycor’s primary location as the city becomes a strategic corporate location for Paychex. The company expects to grow and give back to Cincinnati like it does in the other strategic locations where Paychex has a presence today. As part of our growth plans, we are focused on expanding our footprint in Cincinnati with an emphasis on sales and service positions to meet the evolving needs of customers and the market. We also recognize the importance of being an active and responsible corporate citizen. We are eager to engage with the community, support local initiatives, and contribute to the overall growth and well-being of the city.
Partner FAQs
How will this impact our clients and customers?
Paychex and Paycor customers will remain on their respective platforms and receive support through their existing service team relationships. The products and services they receive today will continue.
As we move forward together, Paychex and Paycor will offer the most comprehensive, flexible, and innovative HCM solutions in the market, along with a full spectrum of HR advisory and employee solutions. We believe this combination of unrivaled AI-enabled technology supported by world-class service and advisory capabilities will be especially powerful and compelling to your clients and customers.
What, if any, service changes can our clients and customers expect?
The service team relationships that are in place today will remain.
If we work with a Broker who partners with Paycor, how will this impact them?
We’re committed to handling mutual clients with care and respect for the relationships you and your partners have built, and we’re implementing systems to clearly identify mutual clients and prevent potential conflicts, with a focus on transparency and proactive communication.
Moving forward, this acquisition also creates the opportunity for you and your broker partners to offer an expanded suite of technology, products, and service offerings designed to support your clients and help businesses address their HR challenges.
What is the timeline for Paycor clients to be linked in Paychex Flex®? Will accountants who use the Paychex Accountant HQ be able to view mutual Paycor clients in the AHQ portal?
Paycor will continue operating as a standalone business unit of Paychex, Inc. The acquisition unifies two open platforms, each purpose-built for distinct market segments. Like SurePayroll today, Paycor will complement and expand Paychex’s current technology capabilities to serve customers of all sizes and across all segments.
While there will be no changes today, we have dedicated teams working on identifying the best opportunities for technology integrations and investments, including AHQ. As always, our goal is to help businesses solve their most pressing HR challenges while helping our partners drive the most value for their clients and customers.
I’m a CPA and have a custom integration with Paycor. Will Paychex still support the integration?
The product solutions that are in place today will remain.
Will we retain both of our dedicated support people, Paychex and Paycor? If a change were to occur, would we be covered by Paychex reps or Paycor reps?
Your day-to-day experience won’t change. You can stay on your current platform and maintain your existing service team relationships. Moving forward, we will continue to share updates and work with you to identify opportunities to improve the partner experience for both Paychex and Paycor channel partners.
How will my revenue share work if I refer a client from Paycor to Paychex, or vice versa? What if I have an exclusive relationship with Paychex or Paycor?
Both Paychex and Paycor have loyalty programs with incentives for driving business. For now, those will remain in place, and we will honor all commitments to partners. That means no change to your current or pending agreements or processes, regardless of how you refer. We always encourage you to do what’s best for you and your customers, and your role in getting them to the best solution has never been more important.
Looking forward, we see this as an opportunity to help you drive even more value for your customers and for your business. The breadth of our combined offerings will help your clients solve their most pressing HR challenges – with more choice, expertise, and flexibility – even as you enjoy the confidence that comes with working with one of the most trusted providers of HCM solutions in the industry.