Version Systems Strengths, Domain Expertise, and Key Differentiators
Version Systems is a provider of comprehensive HR solutions, offering Payroll Software, HR software, Attendance Management System, Business Expense Management System, Performance Evaluation System, and Provident Fund Management Software. Their flagship platform, factoHR, streamlines the entire HR and retirement benefit process workflow.
Through the factoHR mobile app, employees and managers gain convenient access to various functionalities. These include viewing and downloading payslips, accessing IT statements, applying for leave, marking attendance with GPS tracking, approving subordinate applications, and managing business expenses on the go. With factoHR, users can efficiently manage HR tasks and expenses anytime, anywhere.
Version Systems Recent Developments
In June 2021, factoHR introduced its complete Retirement Benefit suite on the SAP store, an online platform offering a range of SAP and partner applications. This collaboration enables SAP customers to seamlessly integrate factoHR's Retirement Benefit Solution with their existing SAP instances.
Version Systems Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Version Systems 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 Version Systems 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 factoHR customers.
Version Systems Overview
20-21 Pranav Complex, Kanaiya Chowk, Raiya Road
Rajkot, x, 360007, India
91 782 000 3100
https://www.versionsystems.com/
Ownership: - x
Number of Employees: 150
Functional Markets: ERP Financial, ERP Services and Operations, HCM,
Key Verticals: Automotive, Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Professional Services, Retail, Transportation,
Version Systems Key Enterprise and Cloud Applications
factoHR
Version Systems 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.
Version Systems Revenue Breakdown By Type, $M:
Version Systems Enterprise Applications Revenues By Functional Markets, $M:
Version Systems Enterprise Applications Revenues By Verticals, $M:
Version Systems 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 |
Version Systems Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Version Systems Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Version Systems Customers
No. of Version Systems Customers: 4500
No. of Version Systems Enterprise Applications Customers: 3500
No. of Version Systems Cloud Customers: 3500
No. of Version Systems Cloud Subscribers: 10 million
Version Systems commands a robust clientele, counting over 1,000 Small and Medium Enterprises (SMEs) and an expansive user base surpassing 10 million who currently leverage their platform.
Notable among the clientele collaborating with Version Systems are industry leaders including Tata, Hitachi, HCC, Yokogawa, Apollo, Bajaj, BOSCH, Daurala Organics, Eureka Forbes, Titan Company, Technip, and various other prominent entities. Their flagship product, FactoHR, is the preferred choice for over 3,500 companies and boasts a user base of 2.6 million.
Version Systems Market Opportunities, M&A and Geo Expansions
The HR software sector is experiencing significant expansion, fueled in part by India's organic growth and heightened multinational interest in local technological expertise. Through the strategic expansion of their services and a commitment to staying abreast of cutting-edge technology trends, Version Systems stands poised to unlock a myriad of opportunities spanning diverse industries.
Version Systems Risks and Challenges
In the face of escalating competition, Version Systems must steadfastly uphold unwavering standards in product quality, customer support, and innovation to fortify and sustain its market standing.
Version Systems Ecosystem, Partners, Resellers and SI
Version Systems primarily adopts a direct sales approach supplemented by channel programs. This strategic combination allows them to directly engage with clients while also leveraging channel partnerships to extend their market reach and enhance distribution channels.
Version Systems Cloud Infrastructure Insights
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- Version Systems Public Cloud and Infrastructure (IaaS)
- Version Systems Platform (PaaS)
- Version Systems Application Delivery
- Version Systems 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:
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