PrismHR Strengths, Domain Expertise, and Key Differentiators
The PrismHR cloud focuses on selling comprehensive HR software for the HRO and PEO industries. The PrismHR platform provides a full-range of integrated capabilities, including payroll processing, benefits and human resources administration, billing, new hire onboarding, benefits enrollment and self-service.
PrismHR Recent Developments
In June 2019, at the annual PrismHR LIVE conference, PrismHR unveilied significant enhancements to its platform and product portfolio, including:
New reporting tools: Report Center, which provides HR service providers with greater flexibility and access to data, improved data granularity and greater insight into business and employee data
New PrismHR Talent Management solutions: Sophisticated, easy to use tools and applications for HR professionals to quickly and efficiently find, hire and retain top talent An enhanced user experience: Improved user experience across onboarding and benefits enrollment, including a new, improved user interface designed to provide a more consistent user experience
New and improved customer support initiatives: A redesigned Customer Resource Center (CRC) with a new look and feel, an expanded knowledge base, easier self-service, and a new online customer community.
PrismHR Mergers and Acquisitions (M&A) Activities
PrismHR Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PrismHR 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 PrismHR 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 PrismHR, customers.
Ownership: - x
Number of Employees: 200
Functional Markets: Human Capital Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
PrismHR Key Enterprise and Cloud Applications
PrismHR Revenues, $M:
|Type/Year||2017||2018||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.
PrismHR Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
PrismHR Enterprise Applications Revenues By Functional Markets, $M:
PrismHR Enterprise Applications Revenues By Verticals, $M:
PrismHR Revenues By Region, $M
|Region||% of Total Revenues||2018 Total Revenues, $M||2018 Enterprise Applications Revenues, $M||2018 Cloud Applications Revenues, $M|
PrismHR Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
PrismHR Customers - Breakdown by Geo, Size, Vertical and Product
No. of PrismHR Customers: 88000
No. of PrismHR Enterprise Applications Customers: 88000
No. of PrismHR Cloud Customers: x
No. of PrismHR Cloud Subscribers: 2200000
PrismHR powers more than 88,000 organizations, delivering payroll, benefits and HR to more than 2.2 million worksite employees annually and processing greater than $57 billion in payroll each year.
PrismHR Market Opportunities, M&A and Geo Expansions
In April 2019, PrismHR has acquired AgileHR and its full suite of talent management solutions, more than two months after AgileHR's performance management solution was integrated with its HR platform and available through the PrismHR Marketplace product offering.
The acquisition of AgileHR and the addition of its talent management solutions to PrismHR’s portfolio of HR software products demonstrates the company’s commitment to providing its HRO customers with a wide range of best-of-breed solutions for their SMB clients.
PrismHR Risks and Challenges
With constant churns in the channel, PrismHR needs to sweeten the pot in order to drive better sell-throughs when partnering with its service provider partners.
PrismHR Ecosystem, Partners, Resellers and SI
PrismHR has a partnership with Compass Consulting Group, EPAY Systems Time & Labor, EverythingBenefits, FinFit, Workcycles, JazzHR, JuvodHR, MasterTax, McHenry Consulting and others.
PrismHR Cloud Infrastructure Insights
Subscribe to read more about:
- PrismHR Public Cloud and Infrastructure (IaaS)
- PrismHR Platform (PaaS)
- PrismHR Application Delivery
- PrismHR 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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