MiHCM Asia Strengths, Domain Expertise, and Key Differentiators
MiHCM’s strengths lie in its extensive domain expertise, robust product portfolio, and advanced AI/ML capabilities, backed by 15 years of experience in digital HR transformation. MiHCM Cloud offers a user-friendly interface, AI-powered insights, and natural language questioning, enabling real-time decision-making and seamless mobile workforce engagement. With seamless system integrations and strict adherence to legislative compliance, MiHCM empowers organizations to optimize workforce productivity, efficiency, and engagement in an ever-evolving digital landscape.
In July 2021, MiHCM unveiled an upgraded MiHCM Lite, designed to simplify digital HR for small businesses in the hybrid workforce era. The platform streamlines HR processes, from employee record management to payroll, catering to both onsite and remote workforces on the secure Microsoft Azure Cloud
MiHCM Asia Recent Developments
MiHCM introduced SmartAssist, an AI-powered HR Co-Pilot, to revolutionize HR management by automating tasks, enhancing productivity, and enabling data-driven decision-making. As part of the cloud-based MiHCM HR suite, SmartAssist utilizes large language models (LLMs) and HR data to streamline processes, freeing HR professionals to focus on strategic initiatives.
In 2024, MiHCM enhanced its HR platform by integrating Enadoc Evia Sign, enabling seamless e-signatures for HR documents with just a few clicks. This solution ensured compliance, security, and convenience while supporting MiHCM’s paperless initiative by reducing costs and improving efficiency.
In April 2023, MiHCM incorporated GPT AI support into its premier virtual assistant application, "MiA." This integration represents a significant advancement, fortifying MiA's position as a state-of-the-art virtual assistant. The inclusion of GPT AI empowers businesses to strategically optimize their workforce, elevate employee engagement and productivity, and facilitate data-driven decision-making seamlessly within the Microsoft Teams platform
In recent times, MiHCM has taken significant strides in enhancing its digital HR platform, introducing novel experiences like MiA Workplace Virtual Assistant for Microsoft Teams and MiHCM Mobile. Amid the challenges posed by the COVID-19 pandemic, these innovations aim to foster business continuity, employee safety, and overall organizational resilience. MiHCM Cloud, a key player in the HR Software space, has witnessed substantial growth, reflected in its global reach spanning South East Asia, North America, Europe, and Oceania.
MiHCM Asia Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MiHCM Asia 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 MiHCM Asia 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 MiHCM Enterprise, MiHCM Lite, MiHCM Analytics, MiHCM MiA customers.
MiHCM Asia Overview
Level 1, Menara Ample West 6, Jalan P. Ramlee, 50250, Kuala Lumpur, Malaysia
Kuala Lumpur, x, 50250, Malaysia
60 17 251 8938
Ownership: - x
Number of Employees: 103
Functional Markets: HCM,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
MiHCM Asia Key Enterprise and Cloud Applications
MiHCM Enterprise, MiHCM Lite, MiHCM Analytics, MiHCM MiA
MiHCM Asia Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
MiHCM Asia Revenue Breakdown By Type, $M:
MiHCM Asia Enterprise Applications Revenues By Functional Markets, $M:
MiHCM Asia Enterprise Applications Revenues By Verticals, $M:
MiHCM Asia Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
MiHCM Asia Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
MiHCM Asia Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified MiHCM Asia Customers
No. of MiHCM Asia Customers: 1000+
No. of MiHCM Asia Enterprise Applications Customers: 1000+
No. of MiHCM Asia Cloud Customers: 500+
No. of MiHCM Asia Cloud Subscribers: 197007
With nearly 700 customers worldwide, MiHCM has built a strong presence across Southeast Asia, South Asia, and the Middle East. Its diverse customer base spans multiple industries, with notable clients such as Dialog Axiata PLC, Rancon, Shanta Security Bangladesh, MSM Sugar, and Micromechanics. This widespread adoption highlights MiHCM’s ability to deliver scalable, industry-specific HR solutions that cater to businesses across different regions and sectors.
MiHCM Asia Market Opportunities, M&A and Geo Expansions
In February 2022, MiHCM launched MiHCM Data and AI, an advanced analytics platform designed for decision-makers within organizations. Developed by certified data science professionals, this platform delivers powerful insights into the workforce, workplace, and work. By leveraging Microsoft Power BI and Machine Learning, MiHCM Data and AI provides tailored data analytics, offering robust visualizations and strategic insights that enable organizations to make informed, data-driven decisions to optimize their operations and workforce management.
MiHCM presents distinct opportunities in its Human Capital Management solution. Global Accessibility ensures collaborative flexibility for distributed workforces through its cloud-based platform. Scalability offers the opportunity for seamless growth, adapting the system to evolving workforce needs. Employee Development opportunities arise with the implementation of training programs, fostering continuous skill enhancement. Employee Wellness features, including leave management and health programs, provide opportunities to prioritise and enhance employee well-being. Efficiency and Productivity opportunities are realised as MiHCM optimises HR processes, automates tasks, and empowers HR professionals to focus strategically, fostering improved organisational productivity.
MiHCM Asia Risks and Challenges
MiHCM faces several external risks, including market fluctuations and intense competition in the HR technology space. Additionally, go-to-market challenges involve navigating regulatory complexities across different regions and effectively communicating the platform’s value proposition to potential customers. Another significant risk is the dependency on internet connectivity, particularly in regions with unreliable or slow internet services. Disruptions or connectivity issues may hinder seamless HR processes, potentially affecting the efficiency and effectiveness of organizations relying on MiHCM's cloud-based solutions.
MiHCM Asia Ecosystem, Partners, Resellers and SI
MiHCM has further strengthened its presence in Bangladesh by opening a new regional office, strategically expanding its reach and enhancing the accessibility of its cutting-edge digital HR solutions. This move is designed to increase MiHCM’s impact in the vibrant Bangladesh market, allowing the company to better serve local businesses with tailored HR technology solutions while fostering deeper connections within the region’s growing ecosystem.
MiHCM's ecosystem is fortified by strategic partnerships with Microsoft, Crayon, Omesti, iOperations, Tech One Global Philippines, VDB LOI and Ezecom. These collaborations provide access to cutting-edge technologies and platforms, such as Microsoft's Azure and Dynamics 365. The network effects created by these partnerships enhance MiHCM's visibility, decision-making capabilities, and overall market presence.
In conclusion, MiHCM's journey in the digital HR landscape is marked by innovation, strategic partnerships, and a commitment to global expansion. The company's strengths in product development, customer acquisition, and ecosystem building position it as a formidable player in the ever-evolving IT industry. As MiHCM continues to navigate challenges and capitalise on opportunities, its role in shaping the future of digital HR remains pivotal.
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).
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