Paylocity Expands Platform’s Reach to the Office of the CFO with New Finance Solution
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Paylocity Expands Platform’s Reach to the Office of the CFO with New Finance Solution
Paylocity has launched Paylocity for Finance, expanding its workforce platform into the office of the CFO. The new product brings HR and finance teams together through a single system grounded into the employee record. Organizations can now manage both payroll and non-payroll spend in a one system, tightly integrated with their general ledger. A fully integrated mobile version will be available this fall, the Schaumburg, IL-based company said. The company also has integrated Airbase, a spend management solution that helps accounting and Finance teams automate operations, gain real-time visibility and control, and deliver a seamless employee experience. The launch is part of a larger expansion of the company’s payroll, HR, and spend management solutions. For more information, visit PayLocity.com.
The new product brings HR and finance teams together through a single system grounded into the employee record. A fully integrated mobile version of Paylocity for Finance will be available this fall, the Schaumburg, IL-based company said.
As part of Tuesday’s launch, Paylocity has integrated Airbase, a spend management solution that helps accounting and finance teams automate operations, gain real-time visibility and control, and deliver a seamless employee experience, into its human capital management platform. Organizations can now manage both payroll and non-payroll spend in a single system, tightly integrated with their general ledger, thereby eliminating disconnected systems, manual processes, and approval bottlenecks.
Paylocity for Finance includes five core modules, with additional tools to support strategic planning and spend management:
AP Automation: Streamlines invoice processing and vendor payments in more than 200 countries with automated workflows and embedded approvals to ensure speed, control, and compliance.
Streamlines invoice processing and vendor payments in more than 200 countries with automated workflows and embedded approvals to ensure speed, control, and compliance. Expense Management: Delivers a single enhanced expense solution with artificial intelligence-powered, touchless expense reports, now the standard for all new clients across Paylocity’s HCM and spend management products.
Delivers a single enhanced expense solution with artificial intelligence-powered, touchless expense reports, now the standard for all new clients across Paylocity’s HCM and spend management products. Corporate Cards: Enables clients to issue virtual or physical cards with built-in controls and real-time tracking, while integrating with existing Visa, Mastercard, and American Express card programs, to provide centralized visibility and control of all card spend.
Enables clients to issue virtual or physical cards with built-in controls and real-time tracking, while integrating with existing Visa, Mastercard, and American Express card programs, to provide centralized visibility and control of all card spend. Guided Procurement: Centralizes purchase requests with intuitive, policy-compliant workflows and visibility across departments.
Centralizes purchase requests with intuitive, policy-compliant workflows and visibility across departments. Headcount Planning: Aligns finance, HR, and talent acquisition with a comprehensive solution to proactively plan, approve, and adjust workforce needs in real time, ensuring alignment to budget even as headcount evolves.
Integrated with Paylocity’s HCM platform and top enterprise resource planning and general ledger systems, such as NetSuite, QuickBooks, MS Dynamics, and Sage Intacct, Paylocity for Finance delivers real-time financial data and seamless accounting reconciliation, enabling faster month-end close and tighter financial control.
Toby Williams
Employees can submit expense reports and spend requests in the same system they already use for payroll, time tracking, and benefits. Managers benefit from a single, centralized task list for all approvals, whether for time off, expenses, or purchases, making it easier to stay on top of workflows, Paylocity says.
“Paylocity for Finance is a natural evolution of our mission to simplify work through innovation,” Toby Williams, president and CEO of Paylocity, said in a statement. “This expansion empowers finance teams with AI-powered, automated solutions seamlessly integrated into the Paylocity platform. By unifying data to connect critical workflows, we deliver enhanced visibility, improved efficiency, and an exceptional user experience that drives value through increased adoption.”
More information about Paylocity for Finance can be found here.