Total Economic Impact
Cost Savings And Business Benefits Enabled By IWant
A Forrester New Technology Projected Total Economic Impact Study Commissioned By Paycom, FEBRUARY 2026
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Total Economic Impact New Technology: The Projected Total Economic Impact™ Of IWant By PaycomA Forrester New Technology Projected Total Economic Impact Study Commissioned By Paycom, FEBRUARY 2026 Cost Savings And Business Benefits Enabled By IWant
Executive SummaryForrester research finds that organizations increasingly seek comprehensive human capital management (HCM) software that consolidates HR and payroll capabilities and data into a unified platform.1 With a single system of record and a single database, organizations can unlock greater value by embedding user-friendly AI into core workflows to accelerate efficiency and workforce insights while maintaining security and system integrity. IWant™ is Paycom’s command-driven AI engine. It is designed to enable users to easily access workforce information in Paycom’s single, automated database through conversational, natural‑language queries to support these aforementioned organizational goals. By allowing employees to quickly locate permission‑based data and directing them to take further action as needed, IWant can drive efficiency across all roles. With IWant, executives, managers, HR professionals, and employees across an organization can gain fast access to reliable data, supporting informed decision‑making and enhancing the value of Paycom’s full‑service HCM solution. Paycom commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) organizations may realize by deploying IWant.2 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of IWant on their organizations. To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed seven decision-makers across six organizations with experience using IWant. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization that has 500 employees. Interviewees’ organizations were existing Paycom users that had moved away from fragmented, legacy HR environments to consolidate HR and payroll into a single, automated platform, driving efficiency and improving data analytics. Interviewees saw IWant as a natural and easy next step to derive further value from their Paycom investment without any additional fees or significant implementation effort. They viewed IWant as a forward‑looking AI tool that could improve usability and efficiency for their employees, including for managers and executives who did not regularly engage with Paycom as well as new hires using the platform for the first time. Several interviewees also noted that IWant helped differentiate Paycom from alternative HCM solutions that did not offer embedded AI capability. After deploying IWant, interviewees reported that across their organizations, workforce information became easier to access. It was often available with minimal effort and a single click-through text or voice prompt. Employees increasingly used self‑service for their HR needs, while managers and executives gained quick access to permission‑based information that supported better decision-making without increasing reliance on HR. Key results from adopting IWant include greater efficiency across all roles, enhanced insights from workforce data, and improved transparency and company culture. Key FindingsQuantified projected benefits. Three-year, risk-adjusted present value (PV) quantified benefits for the composite organization include:
Up to 3,600Total employee hours saved annually Unquantified benefits. Benefits that provide value for the composite organization but are not quantified for this study include:
Costs. Three-year, risk-adjusted PV costs for the composite organization include:
Forrester modeled a range of projected low-, medium-, and high-impact outcomes based on evaluated risk. This financial analysis projects that the composite organization accrues the following three-year net present value (NPV) for each scenario by enabling Paycom IWant:
Key Statistics336%-431%Projected return on investment (PROI) $142,000-$173,000Projected benefits PV $109,000-$141,000Projected net present value (PNPV)
Three-Year Projected Financial Analysis For The Composite Organization[CHART DIV CONTAINER]
Total costs
Total benefits
Cumulative net benefits
Initial
Year 1
Year 2
Year 3
Low impact NPV
Mid impact NPV
High impact NPV
PROI of
The IWant By Paycom Customer JourneyDrivers leading to the IWant investmentInterviews
Key GoalsInterviewees’ organizations were existing users of Paycom’s single-database HCM software with full-solution automation, implementing it to replace their legacy HR solutions. As current Paycom users, interviewees had the following goals in adopting IWant:
Composite OrganizationBased on the interviews, Forrester constructed a TEI framework, a composite company, and an ROI analysis that illustrates the areas financially affected. The composite organization is representative of the interviewees’ organizations, and it is used to present the aggregate financial analysis in the next section. The composite organization has the following characteristics:
KEY ASSUMPTIONS
Analysis Of BenefitsQuantified benefit data as applied to the compositeTotal Projected Benefits
Productivity Gains For ManagersEvidence and data. Interviewees said managers saw significant value from IWant, and several identified them as the cohort that benefited the most. Managers at interviewees’ organizations used IWant’s role-based access to quickly retrieve information, including but not limited to employee compensation, history with the company, certifications, time off, daily scheduling, and contact information. Their use extended to frontline settings and other instances when managers were away from their desks, as they could easily access IWant through the Paycom mobile app. Interviewees typically reported more than 1 hour saved per manager per month due to IWant. Beyond time savings, interviewees noted that the greater information access and retrieval speeds ultimately led to more confident and better decision-making, such as reviewing recent attendance or performance notes before making staffing decisions, ensuring certifications or deadlines were met for upcoming assignments, and considering tenure and role history when evaluating a direct report’s needs.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
Results. This yields a three-year projected PV ranging from $39,000 (low) to $45,000 (high). Productivity Gains For Managers: Range Of Three-Year Cumulative Impact, PV[CHART DIV CONTAINER]
Total costs
Total benefits
Cumulative net benefits
Initial
Year 1
Year 2
Year 3
Productivity Gains For Managers
Improved Information Access And Insight For Executive LeadershipEvidence and data. Interviewees said executives gained immediate insight into their workforce with IWant without needing to master Paycom. Leaders at interviewees’ organizations used the tool to retrieve employee-specific data around compensation, tenure, education, job descriptions, organizational structure, review history, schedules, time-off status (including approved and denied requests), work history details, and contact information directly from Paycom’s single database to learn in real time and make informed decisions. Interviewees typically reported up to 1 hour saved per executive per month due to IWant but emphasized that the greater impact was the quality and immediacy of insights. IWant also prompted executives to engage more with Paycom’s reporting and analytics.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
Results. This yields a three-year projected PV ranging from $9,000 (low) to $11,000 (high). Improved Information Access And Insight For Executive Leadership: Range Of Three-Year Cumulative Impact, PV[CHART DIV CONTAINER]
Improved Information Access And Insight For Executive Leadership
Time Savings For Employees Across The WorkforceEvidence and data. Interviewees said employees across their organizations used IWant to streamline their use of Paycom and enable greater self-service. Instead of navigating the system or contacting HR, employees simply used IWant as they updated personal information, put in time-off requests, referred to their benefits, checked expense report status, learned the organization chart, or reviewed their paychecks and tax details. Interviewees reported that whenever employees interacted with Paycom, IWant saved time. At interviewees’ organizations, these time savings typically added up to about half an hour per employee per month, which interviewees observed were substantial since it applied across the workforce.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
Results. This yields a three-year projected PV ranging from $81,000 (low) to $101,000 (high). Time Savings For Employees Across The Workforce: Range Of Three-Year Cumulative Impact, PV[CHART DIV CONTAINER]
Total costs
Total benefits
Cumulative net benefits
Initial
Year 1
Year 2
Year 3
Time Savings For Employees Across The Workforce
Improved Efficiency For HREvidence and data. Interviewees said the HR team benefited from a reduction in inquiries and tickets as the workforce, including executives, used IWant to self-serve. Moreover, HR employees themselves used IWant to more efficiently complete their work, quickly retrieving information from Paycom’s single database and often incorporating IWant into their workflow. Interviewees typically reported up to 4 hours saved per HR employee per month.
Modeling and assumptions. Based on the interviews, Forrester assumes the following about the composite organization:
Results. This yields a three-year projected PV ranging from $13,000 (low) to $16,000 (high). Improved Efficiency For HR: Range Of Three-Year Cumulative Impact, PV[CHART DIV CONTAINER]
Total costs
Total benefits
Cumulative net benefits
Initial
Year 1
Year 2
Year 3
Improved Efficiency For HR
Unquantified BenefitsInterviewees mentioned the following additional benefits that their organizations experienced but were not able to quantify:
FlexibilityThe value of flexibility is unique to each customer. There are multiple scenarios in which a customer might implement IWant and later realize additional uses and business opportunities, including:
Flexibility would also be quantified when evaluated as part of a specific project (described in more detail in Total Economic Impact Approach). Analysis Of CostsQuantified cost data as applied to the compositeTotal Costs
Change ManagementEvidence and data. Interviewees noted that IWant does not require any additional fees or direct implementation costs as it is included as part of Paycom’s automated single software. Interviewees consistently described the tool as easy to use and suitable to deploy without formal training. At the same time, interviewees felt that brief, optional enablement efforts, such as short communications with examples of useful prompts, helped users understand the full range of IWant’s capabilities, encouraged more consistent adoption across their organizations, and maximized the benefits users could derive, especially as the IWant tool becomes more robust.
Modeling and assumptions. Based on the interviews, Forrester assumes the composite organization expends internal effort to understand the full extent of IWant’s capabilities, manage change, and roll out the solution. These costs total $16,925 initially, decreasing to $4,111 annually from Years 1 to 3. While these activities are optional, they support broad adoption and effective use of IWant. Risks. The cost of change management will vary based on:
Results. To account for these risks, Forrester adjusted this cost upward by 20%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $33,000. Change Management
Financial SummaryConsolidated Three-Year, Risk-Adjusted MetricsThree-Year Projected Financial Analysis For The Composite Organization[CHART DIV CONTAINER]
Cash Flow Analysis (Risk-Adjusted)
Please NoteThe financial results calculated in the Benefits and Costs sections can be used to determine the PROI and projected NPV for the composite organization’s investment. Forrester assumes a yearly discount rate of 10% for this analysis. These risk-adjusted PROI and projected NPV values are determined by applying risk-adjustment factors to the unadjusted results in each Benefit and Cost section. The initial investment column contains costs incurred at “time 0” or at the beginning of Year 1 that are not discounted. All other cash flows are discounted using the discount rate at the end of the year. PV calculations are calculated for each total cost and benefit estimate. NPV calculations in the summary tables are the sum of the initial investment and the discounted cash flows in each year. Sums and present value calculations of the Total Benefits, Total Costs, and Cash Flow tables may not exactly add up, as some rounding may occur. From the information provided in the interviews, Forrester constructed a New Technology: Projected Total Economic Impact™ (New Tech TEI) framework for those organizations considering an investment in IWant. The objective of the framework is to identify the cost, benefit, flexibility, and risk factors that affect the investment decision. Forrester took a multistep approach to evaluate the projected impact that IWant can have on an organization. Due DiligenceInterviewed Paycom stakeholders and Forrester analysts to gather data relative to IWant. Early-Implementation InterviewsInterviewed seven decision-makers at six organizations using IWant to obtain data about projected costs, benefits, and risks. Composite OrganizationDesigned a composite organization based on characteristics of the interviewees’ organizations. Projected Financial Model FrameworkConstructed a projected financial model representative of the interviews using the New Tech TEI methodology and risk-adjusted the financial model based on issues and concerns of the interviewees. Case StudyEmployed four fundamental elements of New Tech TEI in modeling the investment’s potential impact: benefits, costs, flexibility, and risks. Given the increasing sophistication of ROI analyses related to IT investments, Forrester’s TEI methodology provides a complete picture of the total economic impact of purchase decisions. Please see Appendix A for additional information on the TEI methodology. Total Economic Impact ApproachProjected benefitsProjected benefits represent the projected value the solution delivers to the business. The New Tech TEI methodology places equal weight on the measure of projected benefits and projected costs, allowing for a full examination of the solution’s effect on the entire organization. Projected costsProjected costs comprise all expenses necessary to deliver the proposed value, or benefits, of the solution. The methodology captures implementation and ongoing costs associated with the solution. FlexibilityFlexibility represents the strategic value that can be obtained for some future additional investment building on top of the initial investment already made. The ability to capture that benefit has a PV that can be estimated. RisksRisks measure the uncertainty of benefit and cost estimates given: 1) the likelihood that estimates will meet original projections and 2) the likelihood that estimates will be tracked over time. TEI risk factors are based on “triangular distribution.” Financial TerminologyPresent value (PV)The present or current value of (discounted) cost and benefit estimates given at an interest rate (the discount rate). The PVs of costs and benefits feed into the total NPV of cash flows. Projected net present value (PNPV)The projected present or current value of (discounted) future net cash flows given an interest rate (the discount rate). A positive project NPV normally indicates that the investment should be made unless other projects have higher NPVs. Projected return on investment (PROI)A project’s expected return in percentage terms. ROI is calculated by dividing net benefits (benefits less costs) by costs. Discount rateThe interest rate used in cash flow analysis to take into account the time value of money. Organizations typically use discount rates between 8% and 16%. Appendix ANEW TECHNOLOGY: Projected Total Economic ImpactNew Technology: Projected Total Economic Impact (New Tech TEI) is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The New Tech TEI methodology helps companies demonstrate, justify, and realize the tangible value of business and technology initiatives to both senior management and other key stakeholders. Appendix BEndnotes1 Source: The Human Capital Management Solutions Landscape, Q2 2025, Forrester Research, Inc., April 25, 2025. 2 Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of business and technology initiatives to both senior management and other key stakeholders. DisclosuresReaders should be aware of the following: This study is commissioned by Paycom and delivered by Forrester Consulting. It is not meant to be used as a competitive analysis. Forrester makes no assumptions as to the potential ROI that other organizations will receive. Forrester strongly advises that readers use their own estimates within the framework provided in the study to determine the appropriateness of an investment in IWant. Paycom reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester’s findings or obscure the meaning of the study. Paycom provided the customer names for the interviews but did not participate in the interviews. Consulting Team:Matthew Carr PublishedFebruary 2026 |
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New Technology: The Projected Total Economic Impact™ Of IWant By Paycom
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