beqom Strengths, Domain Expertise, and Key Differentiators
Beqom offers a comprehensive total compensation and rewards management platform designed to optimize essential compensation procedures for a diverse range of Global 5000 clients. Their solution seamlessly integrates with core Human Capital Management (HCM) systems, providing a robust framework for implementing competitive, fair, inclusive, and efficient compensation strategies.
Catering to the needs of a broad clientele, beqom's platform facilitates streamlined compensation processes, ensuring a harmonized approach to managing rewards across various business sectors. The integration with core HCM systems enables the implementation of strategies that promote fairness and competitiveness in compensation structures.
beqom Recent Developments
In October 2023, Beqom has introduced Beqom BYOM (bring your own model), a solution empowering companies to leverage their own regression-based machine learning pay prediction models. Integrated seamlessly into compensation planning environments, this innovation enables HR professionals and managers to drive data-driven decisions regarding salaries for new hires, merit increments, and promotions for existing employees. By utilizing various employee, business, and market attributes, the model facilitates fair, consistent, and competitive pay ranges for each individual.
In August 2023, Beqom unveiled beqom Performance Pro, an AI-powered suite designed to augment performance by facilitating intelligent goal setting, guided feedback, and data-centric performance evaluations. This latest release is among several offerings within beqom's AI-driven platform, aiming to enhance business outcomes and operational efficiency in performance management workflows.
beqom Mergers and Acquisitions (M&A) Activities
In December 2023, beqom, a provider of compensation and performance management solutions, acquired PayAnalytics, which specializes in pay and workplace equity software. This strategic move enables organizations to seamlessly integrate pay equity considerations into compensation processes, fostering a culture of fair pay. The acquisition also supports the development of a data-driven compensation strategy, ensuring compliance with global pay equity regulatory requirements.
beqom Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying beqom applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of beqom and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified beqom Platform customers.
beqom Overview
Rue de la Colombiere 28
Nyon, x, 1260, Switzerland
41 58 255 08 00
https://www.beqom.com/
Ownership: - Sumeru Equity Partners
Number of Employees: 200
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Consumer Packaged Goods, Distribution, Healthcare, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
beqom Key Enterprise and Cloud Applications
beqom Platform
beqom Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
beqom Revenue Breakdown By Type, $M:
beqom Enterprise Applications Revenues By Functional Markets, $M:
beqom Enterprise Applications Revenues By Verticals, $M:
beqom Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
beqom Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
beqom Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified beqom Customers
No. of beqom Customers: 120
No. of beqom Enterprise Applications Customers: 120
No. of beqom Cloud Customers: x
No. of beqom Cloud Subscribers: x
Since its inception in 2009, beqom has been a trusted partner for leading corporations, including Daimler, McDonald's, Fujitsu, and PepsiCo, in streamlining compensation workflows.
Beqom's software suite is the preferred choice for organizations of this caliber, serving as a robust platform overseeing $300 billion in compensation for approximately 3 million individuals across over 160 countries worldwide.
With a track record of over 120 of the world's largest enterprises placing their trust in beqom, the platform continues to play a pivotal role in efficiently managing the compensation for millions of employees globally.
beqom Market Opportunities, M&A and Geo Expansions
In April 2023, Beqom, a provider of cloud-based total compensation and continuous performance management solutions, named Cory Rhoads, an experienced leader in enterprise SaaS sales, as Head of Sales for the US.
Cory brought 25 years of experience in the enterprise software industry, having previously held Services, Sales, and Sales Management positions at leading software and consulting companies, including CallidusCloud/SAP, Siebel/Oracle, and Accenture. His domain expertise includes nearly two decades in the sales performance management (SPM) industry.
beqom Risks and Challenges
Beqom encounters the intricate task of aligning corporate strategy and goals across its diverse global offices, presenting a complex challenge in achieving organizational coherence on a worldwide scale.
beqom Ecosystem, Partners, Resellers and SI
Compensation and benefits consulting firms collaborating with Beqom can undertake expansive strategic projects, assisting their clients in accomplishing corporate objectives through optimal Total Compensation strategies.
Among Beqom's partners are global entities such as McLagan, Deloitte, NGA Human Resources, Intangent, Polarys, GGS, and numerous others.
beqom Cloud Infrastructure Insights
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- beqom Public Cloud and Infrastructure (IaaS)
- beqom Platform (PaaS)
- beqom Application Delivery
- beqom Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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