Arcoro Strengths, Domain Expertise, and Key Differentiators
Arcoro integrates established, modular HR software solutions tailored to assist high-compliance, high-consequence enterprises in enhancing efficiency, mitigating risk, and cultivating high-performance teams. The company's recruiting and onboarding software expedites the on-the-job readiness of new hires, enabling them to swiftly contribute towards organizational objectives. Meanwhile, our performance management and learning software empowers employees with the necessary knowledge and resources to achieve these goals effectively. Furthermore, its comprehensive suite encompasses benefits, payroll, time and attendance management, and now includes compensation management, offering a fully modular and streamlined HR experience for managers and HR teams alike.
Arcoro Recent Developments
In October 2023, Arcoro unveiled its proprietary payroll solution tailored to complement the company's Core HR module, further streamlining the payroll procedures for both existing and prospective clients. Specifically designed for the construction sector, this solution encompasses comprehensive payroll processing, tax filing services, and the optional provision of certified payroll reporting to ensure regulatory compliance.
In September 2023, Arcoro unveiled the Generative AI Feature within ExakTime, presenting its clientele with a potent new capability. This enhancement integrates a generative AI tool into the ExakTime platform, empowering users to craft concise and polished company alerts and notifications with ease and efficiency. Additionally, Arcoro has seamlessly integrated the OpenAI GPT-4 language model into its ecosystem through a strategic partnership with Microsoft Azure.
In April 2020, Arcoro unveiled an update to its time and attendance tracking application, enhancing its functionality to assist businesses in screening workers for COVID-19. The latest feature integrates a straightforward survey into the clock-in process, enabling employees to complete a self-screening mobile health form before commencing work. This optional feature aims to prioritize the safety of Arcoro's customers and their workforce, with the health questionnaire seamlessly integrated into the clock-in procedure, appearing after workers input their PIN and before they officially start their shift. Best of all, this additional safeguard comes at no extra cost to users.
Arcoro Mergers and acquisitions (M&A) Activities
The acquisition of InfinityHR marked a significant expansion of the company's HCM portfolio. This strategic move enriches our offerings with essential core HR functionalities, benefits management, payroll services, Affordable Care Act reporting, and other complementary features seamlessly integrated into the Arcoro solution
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: 400
Functional Market: Scheduling, Time and Attendance, Core HR, Payroll, Benefits Administration, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Banking and Financial Services, Construction, 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 | 2022 | 2023 | 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 | 2023 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 | 2023 Total Revenues, $M | 2023 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
| Region | 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 offers cloud-based HR software modules designed to empower organizations to scale and thrive competitively. With a robust clientele exceeding 10,000 customers and 360,000 daily users across 20 countries worldwide, our solutions provide essential tools for effective growth and operational efficiency. Among our esteemed clientele are industry leaders such as Bison Gear & Engineering, Current Builders, HTH Companies, MMC Contractors, Latite Roofing, Surgical Specialties, AM Crohon & Sons, JH Kelly, Metropolitan Mechanical Contractors, McGill Restoration, Swinerton, Werner Construction, Kraemer, Baker Roofing, Advantage Flooring, Clark Construction, and numerous others.
Arcoro Market Opportunities, M&A and Geo Expansions
In January 2020, Arcoro introduced the new Compensation Management module. This module seamlessly integrates with Arcoro Core HR or Performance Management and offers compatibility with existing HR and payroll systems for enhanced functionality.
In 2018, BirdDogHR became part of the Arcoro family of companies, enabling them to elevate their service offerings through an expanded suite of modular HR solutions. Over the subsequent two years, the company diligently improved its software and operational frameworks, culminating in the transition of BirdDogHR into the Arcoro brand in August 2020.
Arcoro Risks and Challenges
The company faces challenges in its operations and quest for success due to operating within a confined number of industries and geographical regions, compounded by the presence of a multitude of competitors. These constraints not only impact the company's ability to expand its market reach but also intensify competition within its existing operational domains.
Arcoro Ecosystem, Partners, Resellers and SI
In February 2024, Arcoro established a strategic partnership with ABC Insurance Trust, aimed at facilitating the provision and management of premium benefits for construction enterprises. This collaboration enhances the ability of construction firms to deliver high-caliber benefits efficiently and economically. For mutual clients of Arcoro and ABC, this alliance grants access to exclusive proprietary plans, distinguished customer service, and a shared dedication to elevating the quality of benefits packages offered by companies.
In October 2023, Arcoro affirmed its partnership with Aktion & Associates, a nationally recognized software reseller and IT infrastructure provider specializing in the architectural, engineering, construction, distribution, and manufacturing sectors, along with HSCC, a renowned leader in construction software offering a comprehensive suite of solutions including estimating, field entry, project management, safety protocols, digital plans, fleet management, and telematics. This extension underscores Arcoro's unwavering dedication to its clients and the advancement of the construction industry.
In September 2023, Arcoro forged an integration partnership with SkillSignal, a comprehensive construction technology platform specializing in safety and compliance solutions. This collaboration offers: -A unified platform consolidating all facets of construction safety protocols through a user-friendly application. -Access to certification management, safety instructional videos, orientations, and additional resources. -Seamless accessibility for managers, safety teams, and administrative personnel to all safety-related data, facilitating streamlined reporting and meticulous recordkeeping. -Integration with Arcoro's Learning Management System (LMS), enabling instantaneous access to completed training modules and other essential documentation in real time.
In July 2023, Arcoro partnered with the Construction Financial Management Association (CFMA) to introduce the HR Finance Certificate Program tailored for construction professionals. CFMA, as the sole nonprofit organization committed to advancing the proficiency and expansion of financial experts within the construction industry, spearheads this initiative with backing from Arcoro. The curriculum is meticulously crafted with a human-centric ethos, prioritizing the pivotal role of robust HR policies and forward-thinking strategies in fostering a culture conducive to talent attraction and retention.
In the fruitful year of 2023, Arcoro established other numerous strategic partnerships, further bolstering its industry presence. Notable collaborations include alliances with respected entities such as myHRcounsel, Alliance Solutions Group, and CMiC. These partnerships reflect Arcoro's commitment to expanding its network and enhancing its offerings within the market.
Arcoro collaborates with diverse organizations and associations to enhance its HR SaaS product offerings. Leveraging industry-specific partnerships, technology integrations, and other HR service collaborations, the company strategically expands its market reach and enhances its solutions. Notable partners include Acumatica, Procore, Sage, Clarus Solutions, Paradox, myHRcounsel, Payroll Systems, Bangert Construction Software, Reliant Talent Management Software, Accordant, Contractor Business Solutions NW, BenefitMall, Strategies Group, CorpStratHR, ViewPoint, HUB, ConnectSource Solutions, CUPeople, USI, and numerous others.
Arcoro Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Arcoro Public Cloud and Infrastructure (IaaS)
- Arcoro Platform (PaaS)
- Arcoro Application Delivery
- Arcoro 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:
https://www.appsruntheworld.com/taxonomy
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