{"id":981379,"date":"2026-07-14T09:18:03","date_gmt":"2026-07-14T13:18:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paycoms-newest-tool-automates-asset-management-prevents-losses-and-increases-compliance-for-employers\/"},"modified":"2026-07-14T09:18:03","modified_gmt":"2026-07-14T13:18:03","slug":"paycoms-newest-tool-automates-asset-management-prevents-losses-and-increases-compliance-for-employers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paycoms-newest-tool-automates-asset-management-prevents-losses-and-increases-compliance-for-employers\/","title":{"rendered":"Paycom\u2019s Newest Tool Automates Asset Management, Prevents Losses and Increases Compliance for Employers"},"content":{"rendered":"

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Paycom\u2019s Newest Tool Automates Asset Management, Prevents Losses and Increases Compliance for Employers<\/b><\/p>\n

Asset Management seamlessly connects people, property and workspaces in an industry-first, unified tool<\/i><\/p>\n

OKLAHOMA CITY–(BUSINESS WIRE<\/a>)–Paycom Software, Inc. (NYSE: PAYC)<\/a> (\u201cPaycom\u201d), a leading provider of comprehensive, cloud-based human capital management software, today announced the launch of its latest tool, Asset Management, the industry\u2019s first unified seating and property management tool built directly into HCM software to support and automate the entire asset life cycle.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260714074707\/en\/<\/a><\/p>\n

\"Paycom<\/p>\n

Paycom announces the launch of its latest tool, Asset Management.<\/p>\n<\/div>\n

\nThe new tool connects workspace and property details based on employee role or asset location. By tracking asset ownership and workplace changes in a single system of record, organizations can strengthen security of their assets, support compliance and maintain complete audit trails while reducing lost property.<\/p>\n

\n\u201cOne of the largest budgetary spends for businesses is on the physical and digital resources needed to run them,\u201d said Chad Richison, founder and CEO of Paycom. \u201cPaycom\u2019s Asset Management helps ensure those investments are deployed, tracked and recovered efficiently while automating the workflows that support them.\u201d<\/p>\n

\nAsset management challenges remain widespread across organizations worldwide. In a survey commissioned by Paycom, 82% of employers \u2014 including enterprise organizations with 25,000 or more employees \u2014 reported dealing with asset-management-related challenges, such as lost or unaccounted-for equipment, duplicate purchases, compliance or audit issues, security risks, delays in onboarding employees and even employees not being able to work due to missing equipment.<\/p>\n

\nNearly 80% of study respondents said asset tracking and workspace management challenges negatively impact their organization\u2019s efficiency, underscoring how today\u2019s technology and processes could benefit from Paycom\u2019s latest release.<\/p>\n

How can Paycom\u2019s Asset Management help an organization?<\/b><\/p>\n

\nBy automating the distribution, collection and management of company property, Paycom\u2019s Asset Management eliminates repetitive tasks, reducing decision fatigue and helping lower the associated costs of lost assets. It replaces workflows that organizations currently manage through spreadsheets, siloed tools and manual activities, allowing organizations to set their rules once and let the software handle the rest.<\/p>\n

\nPaycom\u2019s Asset Management also automatically determines equipment based on roles, so employees can start working on Day 1, removing the decision-making burden on leaders to request or coordinate those assets for new hires.<\/p>\n

\nAsset Management users can also:<\/p>\n