4 Key Takeaways From Paycom Software's CEO

Paycom Software (NYSE: PAYC) can seemingly do no wrong, having recently reported the latest in a string of impressive quarterly results. With its history of outperformance, you'd think the company's edge would be fairly easy to define -- but that isn't quite the case. In fact, I've written before that I don't think Paycom's payroll and workforce management software contains any single thing its clients can't get elsewhere. At a recent conference appearance, however, CEO Chad Richison spoke about a few of the things that help Paycom differentiate itself from the likes of industry giants like ADP (NASDAQ: ADP).

Paycom's software application is an all-in-one model that runs on a single database in the cloud. This eliminates the integration headaches sometimes caused by using multiple software providers for various functions -- everything from payroll and time entry to performance reviews and governmental compliance.

Image source: Paycom Software

Source: Fool.com