ELMO Software Strengths, Domain Expertise, and Key Differentiators
ELMO is an HR Tech company in the AU/NZ region. ELMO provides innovative cloud HR and payroll technology across APAC, helping them to manage, engage, and inspire their people. Its innovative solutions are at the forefront of a disruptive technology industry, driven by the transition of organisations towards online systems which automate processes and aggregate information in new and intelligent ways. ELMO’s suite of HR, payroll and rostering / time & attendance solutions can be used together or stand-alone, and are configurable according to your organisation’s processes and workflows. The ELMO solution allows organisations to manage their HR and payroll processes within one simple platform, with a single dashboard and reporting suite.
ELMO Software Recent Developments
ELMO recently completed a $45 million capital raise. Proceeds from the placement will be used to fund future acquisitions, strengthen the balance sheet and also support ongoing research and development, sales and marketing efforts, and general corporate purposes.
In 2017, ELMO acquired Sky Payroll, PeoplePulse and LiveSalary, enabling its clients integrated, cloud-based HR and payroll solution from one single provider. Earlier, in 2016, ELMO acquired Techniworks, an e-learning solutions content provider with heavy emphasis on the public sector. Recently ELMO has hired corporate advisory firm Blackpeak Capital to help it expand as it contemplates plans to go public, according to press reports.
In May 2020, ELMO Cloud HR & Payroll (ELMO), Australia and New Zealand’s cloud-based HR, payroll and rostering / time & attendance software provider, has launched its latest module, ‘ELMO Connect’. The new module provides customers with a one-stop-shop to start instant chat messages, launch Zoom meetings and manage the array of HR and payroll requirements.
ELMO Software Mergers and Acquisitions (M&A) Activities
In February 2018, ELMO acquired Pivot Software, a provider of remuneration software in Australia and New Zealand. Approximately 80% of companies across Australia and New Zealand use inefficient spreadsheets and antiquated methods to manage remuneration management processes such as salaries, bonuses, complex short-term incentives (STI) and complex long-term incentives (LTI).
Following this acquisition, ELMO will now be able to provide our customers with an automated solution to manage remuneration issues, relieving HR administrators of complex and time-intensive tasks.
ELMO plans to offer a dedicated remuneration module which provides high-quality reporting within a single integrated platform. Remuneration is highly complementary to our existing Performance and Rewards modules, all accessible from one vendor, one dashboard, and one user experience.
ELMO Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ELMO Software 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 ELMO Software 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 ELMO Cloud HR & Payroll customers.
ELMO Software Overview
Ownership: - ASX: ELO
Number of Employees: 277
Functional Markets: Human Capital Management,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, P&C Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
ELMO Software Key Enterprise and Cloud Applications
ELMO Cloud HR & Payroll
ELMO Software Revenues, $M:
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* 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.
ELMO Software Revenue Breakdown By Type, $M:
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ELMO Software Enterprise Applications Revenues By Functional Markets, $M:
ELMO Software Enterprise Applications Revenues By Verticals, $M:
ELMO Software Revenues By Region, $M
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ELMO Software Direct vs Indirect sales
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ELMO Software Customers - Breakdown by Geo, Size, Vertical and Product
No. of ELMO Software Customers: 1341
No. of ELMO Software Enterprise Applications Customers: 1341
No. of ELMO Software Cloud Customers: 1341
No. of ELMO Software Cloud Subscribers: 2 million
ELMO has secured more than 1341 customers covering two million employees, spanning SMB and mid-large enterprises with clients such as AICD, Cbus, TUH, Bank Australia and NZ Home Loans.
ELMO Software Market Opportunities, M&A and Geo Expansions
By posting high double-digit growth rates on a consistent basis over the past few years, ELMO is poised to grow further as the leading integrated cloud HR & payroll solutions provider across Australia and New Zealand.
ELMO Cloud HR & Payroll has released a suite of new video and online content to its course library, adding to the hundreds of online and video courses that are already available. The course library has been expanded to help businesses keep their staff skilled as more workers are asked to work remotely during the COVID-19 pandemic. The number of workers undertaking their roles at home is likely to continue to increase with both the Australian and New Zealand Governments urging people to work from home if they can.
ELMO Software Risks and Challenges
The purchase of Techniworks underscores ELMO's desire to expand its product portfolio especially for eLearning, which entails incorporating other content libraries and software assets from third party providers. Its purchase of Sky Payroll, LiveSalary, PeoplePulse and Pivot Software have added to ELMO's growing portfolio of integrated cloud HR & payroll solutions, covering an employee's journey from "hire to retire".
Its future lies in delivering a consistent user experience across different software assets that it owns or partners with. payroll solutions, covering an employee's journey from "hire to retire".
Its future lies in delivering a consistent user experience across different software assets that it owns or partners with.
ELMO Software Ecosystem, Partners, Resellers and SI
Primarily direct sales.
As of August 2019, ELMO, Australia and New Zealand’s cloud-based HR & payroll solutions provider is joining forces with University of Technology Sydney (UTS), Australia’s leading technology university, on an innovative AI product development project. This project will deliver predictive analytic tools that leverage artificial intelligence for ELMO’s customers across Australia and New Zealand.
ELMO Software Cloud Infrastructure Insights
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- ELMO Software Public Cloud and Infrastructure (IaaS)
- ELMO Software Platform (PaaS)
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- ELMO Software Private Cloud and Data Centers
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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