Paycom vs. M3 vs. Paychex: Which is a Better Fit?

Paycom

Payroll Options

Direct deposit
Pay by check
Pay by card

Auditing & Accuracy

Exception reporting
Liability reporting for funding requirements
Pre-processing reports

Tax & Compliance

Automated tax reporting
Electronic IRS filing and pay withdrawals
Quarterly online tax statements & W2 preview
New hire reporting

M3 (Labor Management)

Shifts & Scheduling

Shift Swapping

When you’re a team member down, find a qualified replacement with the push of a button. Or save yourself time and let employees swap shifts among themselves.
Auto Scheduling

Use AI to predict how many employees you’ll need to meet expected demand and create work schedules to match in no time at all.
Time clock app

Record exactly when and where your people work for accurate timesheets, live attendance updates, and quick, precise payroll.
Dynamic Scheduling
Labor Standards

Time Tracking

Time clock app

Record exactly when and where your people work for accurate timesheets, live attendance updates, and quick, precise payroll.

Analytics & Benchmarking

Benchmarking
Reporting & Analytics
Corporate Visibility
Automated Labor Monitoring
Labor Standards
Occupancy Forecast Integration

Tasks & Checklists

Tasks & To Do Lists

Messaging & Communication

Team Communication

Share key information and documents with one employee or entire teams — and get notified when important messages are read.
Mobile App

Manage your teams from any device and make it simple for staff to view weekly schedules, updates, and tasks.

Benefits Management

Benefit Accruals
Tip Pooling

Paychex

Payroll Options

Direct deposit
Pay by check
Pay by card

Auditing & Accuracy

Exception reporting
Liability reporting for funding requirements
Pre-processing reports

Tax & Compliance

Automated tax reporting
Electronic IRS filing and pay withdrawals
Quarterly online tax statements & W2 preview
New hire reporting

What Customers Are Saying

Most Recent Review

Paycom doesn’t have any clients that have vouched for the product

I have a nice experience with M3 accounting software.

Sr. Accounts Executive

Paychex doesn’t have any clients that have vouched for the product

Most Positive Review

Excellent software for cost controls

Business Operations and Systems Specialist from

Most Critical

I have been using M3 since onboarding in February of 2022

Financial Controller from Orillia (Canada)

References

Glenn Young
Risk & Financial Officer