Arcoro Strengths, Domain Expertise, and Key Differentiators
Arcoro is a cloud-based human capital management (HCM) provider specializing in industries with high compliance needs, like construction. Its strengths lie in offering customizable, scalable solutions that streamline HR processes, from recruitment to performance management and payroll. Key features like ExakTime for time tracking and advanced analytics help businesses optimize workforce management and ensure regulatory compliance. With a strong focus on integration, customer success, and continuous innovation, including the use of generative AI, Arcoro supports organizations in improving efficiency and staying compliant with industry regulations.
Arcoro Recent Developments
In 2024, Arcoro introduced Advanced Analytics features to its Core HR and Benefits modules, aimed at helping organizations convert HR data into useful insights. That same year, the ExakTime platform was enhanced to include customizable questions for field employees at clock-in or clock-out, supporting the collection of information related to compliance, safety, site conditions, and health.
In 2023, Arcoro added a generative AI capability to its ExakTime platform. This feature, powered by the OpenAI GPT-4 model via Microsoft Azure, was designed to assist users in drafting internal communications, such as notifications about time approvals, holidays, and safety meetings. The tool also supports message translation into Spanish and French to accommodate multilingual teams.
Arcoro Mergers and acquisitions (M&A) Activities
In 2024, Arcoro introduced Advanced Analytics features to its Core HR and Benefits modules, aimed at helping organizations convert HR data into useful insights. That same year, the ExakTime platform was enhanced to include customizable questions for field employees at clock-in or clock-out, supporting the collection of information related to compliance, safety, site conditions, and health.
In 2023, Arcoro added a generative AI capability to its ExakTime platform. This feature, powered by the OpenAI GPT-4 model via Microsoft Azure, was designed to assist users in drafting internal communications, such as notifications about time approvals, holidays, and safety meetings. The tool also supports message translation into Spanish and French to accommodate multilingual teams.
Arcoro Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Arcoro 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 Arcoro 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 Arcoro HIRE (ATS, Onboarding), Arcoro MANAGE (HR, Benefits, Time & Attendance, Payroll, Compensation), Arcoro GROW (Performance Management, Learning Management, Succession Planning) customers.
Arcoro Overview
Ownership: - x
Number of Employees: 420
Functional Market: Absence Management, Workforce Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Candidate Relationship Management $M, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation Management,
Key Verticals: Banking and Financial Services, Construction and Real Estate, Professional Services, Retail,
Arcoro Key Cloud and HCM Applications
Arcoro HIRE (ATS, Onboarding), Arcoro MANAGE (HR, Benefits, Time & Attendance, Payroll, Compensation), Arcoro GROW (Performance Management, Learning Management, Succession Planning)
Arcoro HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
Arcoro Revenue Breakdown by Type:
Arcoro HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Arcoro HCM Applications Revenues By Verticals, $M:
Arcoro Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Arcoro Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Arcoro Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Arcoro Customers
No. of Arcoro Customers: 10000
No. of Arcoro HCM Applications Customers: 10000
No. of Arcoro Cloud HCM Customers: x
No. of Arcoro Cloud HCM Subscribers: 360000
Arcoro serves over 10,000 customers, primarily in industries like construction, facilities services, and environmental services, where compliance is crucial. Its clients range from small businesses to large enterprises, with notable customers including Current Builders, Pacific Construction, and Superior Bowen Asphalt Company. These organizations use Arcoro’s suite of HR solutions to streamline processes such as time tracking, payroll, compliance, and performance management, especially in industries with distributed workforces and stringent regulatory requirements.
Arcoro Market Opportunities, M&A and Geo Expansions
Arcoro is positioned to grow as demand rises for digital workforce management in construction and other compliance-focused industries. Labor shortages and increased infrastructure investments are driving the need for efficient recruitment, onboarding, and time-tracking tools—areas where Arcoro offers tailored solutions. Recent advancements, such as the addition of Advanced Analytics and generative AI features to its ExakTime platform, enhance its capabilities and align with industry needs. These developments, along with strategic partnerships and a modular platform, create opportunities for Arcoro to expand its market presence and support organizations managing distributed workforces.
Arcoro Risks and Challenges
Arcoro’s dependence on a niche customer base—primarily in construction and related trades—limits its market diversification and makes it vulnerable to sector-specific slowdowns or regulatory shifts. Its modular platform strategy, while flexible, can lead to inconsistent user experiences if not tightly managed across acquired products like InfinityHR and ExakTime. Moreover, as Arcoro continues to introduce features like generative AI and analytics, there’s a risk of overextending development resources or introducing tools that may not align with user readiness or regulatory clarity. These factors, combined with increasing competition in the HCM software space, could pressure Arcoro’s ability to retain customers and sustain growth.
Arcoro Ecosystem, Partners, Resellers and SI
Arcoro has built a strong partner ecosystem to enhance its HR solutions, particularly for the construction industry. Key integration partners like Sage, Procore, and Foundation Software help streamline payroll processing, field productivity, and onboarding. These partnerships allow Arcoro’s platform to work seamlessly with other essential business tools, improving efficiency across organizations.
Additionally, Arcoro collaborates with industry-specific partners like HCSS and the ABC Insurance Trust. These partnerships focus on providing comprehensive, compliant solutions tailored to the unique needs of the construction sector. With resellers like Aktion Associates expanding its reach within the Sage and Acumatica ecosystems, Arcoro is able to strengthen its market position and offer integrated solutions that meet regulatory requirements and industry standards.
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:
https://www.appsruntheworld.com/taxonomy
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