Web Benefits Design Strengths, Domain Expertise, and Key Differentiators
WBD possesses several key strengths that differentiate them in the market. Firstly, their domain expertise in employee benefits and technology enables them to develop and deliver comprehensive solutions that address the complex needs of benefits administration. Their cloud-based products offer seamless integration of multiple platforms, carriers, payroll systems, and third-party applications within a cohesive environment.
Moreover, WBD's proprietary workflow and data tools, combined with their flexible software, empower customers to efficiently manage benefits administration while ensuring data accuracy. The integration of AI and ML features into their solutions further enhances their capabilities, enabling data-driven insights and automation.
Web Benefits Design Recent Developments
Web Benefits Design has been making significant strides in recent years, with the most notable development being when the company was acquired by CNO Financial Group in April 2019. This strategic move aimed to accelerate the growth of CNO's worksite business by leveraging WBD's cloud-based solutions. CNO's insurance products are now available alongside WBD's carrier options, expanding the reach and value of their offerings.
CNO Financial Group revealed the next step in the transformation of its Worksite business with the introduction of Optavise, the new brand for its Worksite offerings. Optavise is a comprehensive provider of employee benefits solutions with a mission to help employers and their employees maximize their benefits and make better health and financial decisions. Optavise unifies three of CNO’s existing Worksite brands into a single go-to-market brand. PMA Worksite Marketing Division’s, DirectPath and Web Benefits Design will become Optavise.
Web Benefits Design Mergers and Acquisitions (M&A) Activities
The acquisition of Web Benefits Design Corporation by CNO Financial Group demonstrates the confidence and investment in WBD's capabilities. This acquisition provides WBD with the opportunity to leverage CNO's extensive distribution network and customer base, creating cross-sell opportunities and driving further growth.
Web Benefits Design Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Web Benefits Design 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 Web Benefits Design 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 Web Benefits Platform, customers.
Web Benefits Design Overview
4725 Sand Lake Rd
Orlando, FL, 32819, United States
1 800-779-8952
https://www.wbdcorp.com/
Ownership: - x
Number of Employees: 105
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, State and Local Government, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation,
Web Benefits Design Key Enterprise and Cloud Applications
Web Benefits Platform,
Web Benefits Design 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.
Web Benefits Design Revenue Breakdown By Type, $M:
Web Benefits Design Enterprise Applications Revenues By Functional Markets, $M:
Web Benefits Design Enterprise Applications Revenues By Verticals, $M:
Web Benefits Design 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 |
Web Benefits Design Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Web Benefits Design Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Web Benefits Design Customers
No. of Web Benefits Design Customers: 1000
No. of Web Benefits Design Enterprise Applications Customers: 1000
No. of Web Benefits Design Cloud Customers: x
No. of Web Benefits Design Cloud Subscribers: 250000
WBD serves a diverse range of customers, including Spirit, Flex-N-Gate Corporation, Lion Street Production, The Plexus Group, National Rifle Association, and many others. These customers rely on WBD's cloud-based solutions to streamline their benefits administration processes, enhance employee communication, ensure compliance, and optimize overall administration efficiency.
While the specific number of customers is not provided, WBD's customer base spans various industries and regions, showcasing the widespread adoption and impact of their offerings.
Web Benefits Design Market Opportunities, M&A and Geo Expansions
WBD operates in a market that offers significant opportunities on both horizontal and vertical levels. The increasing focus on employee benefits administration and the need for efficient, cloud-based solutions present a substantial market opportunity. As organizations strive to streamline their benefits processes and enhance employee experiences, WBD's solutions are well-positioned to meet these evolving needs.
Additionally, WBD has the potential for expansion into new regions, enabling them to tap into untapped markets and further grow their customer base. By leveraging their strengths and building strategic partnerships, WBD can seize these opportunities and establish themselves as a leading player in employee benefits administration.
Web Benefits Design Risks and Challenges
WBD faces both internal and external risks and go-to-market challenges. Internally, maintaining technological innovation and staying ahead of competitors is crucial in the rapidly evolving IT landscape. WBD must continuously invest in research and development to enhance their offerings and meet changing customer demands.
Externally, market competition and the evolving regulatory landscape pose challenges. Adapting to changing compliance requirements and differentiating themselves in a crowded market are key considerations for WBD. Additionally, potential cybersecurity threats and data privacy concerns must be effectively managed to maintain customer trust and protect sensitive employee information.
Web Benefits Design Ecosystem, Partners, Resellers and SI
WBD recognizes the importance of technology integrations and ecosystem partnerships in delivering comprehensive solutions to customers. WBD's collaboration with carriers, payroll systems, and third-party applications reflects their commitment to creating a seamless and integrated benefits administration environment.
Web Benefits Design Cloud Infrastructure Insights
Subscribe to read more about:
- Web Benefits Design Public Cloud and Infrastructure (IaaS)
- Web Benefits Design Platform (PaaS)
- Web Benefits Design Application Delivery
- Web Benefits Design 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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