OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. (NYSE: PAYC ) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, discovered surveyed businesses rely on an average of 6.17 HCM providers to manage the employee life cycle, according to a Forrester Consulting study commissioned by Paycom. Respondents using multiple providers cited problems with data accuracy, which obstructs timely and effective workforce reporting. "Businesses with multiple HR platform solutions compromise data integrity and create a poor user experience for their employees," said Chad Richison, Paycom founder and CEO. "Our single-database software eliminates duplicative efforts and allows for standard processes to be automated and adopted throughout the system." According to the study, around a third of surveyed HR professionals seek to improve workforce analytics and reduce compliance risk over the next 12 to 24 months.