PCTY - Paylocity Announces Acquisition of Trace | Benzinga
SCHAUMBURG, Ill., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced the acquisition of TraceHQ.com, Inc. ("Trace"), an innovative solution for headcount planning, which helps organizations plan and manage their most important investment – their people. Trace enables organizations to analyze and manage headcount plans, forecast budget relative to those plans, and approve downstream headcount changes.
Managing headcount more strategically has taken on new urgency in the face of changing workforce dynamics. Yet, most headcount planning still tends to happen through manual planning cycles that are siloed within departments, disconnected from key business systems, prone to human error, and lack process automation.
At the heart of Paylocity's modern HCM platform is a single employee system of record designed to ...