BenefitElect, Inc. Strengths, Domain Expertise, and Key Differentiators
BenefitElect provides an exceptional opportunity to join a high growth company, engage new prospects, and establish BenefitElect as a leading solution provider in HR strategy and administration. Looking for innovative candidates who are excited to go beyond individual success and contribute to the development of best practices, methodologies, and new offerings.
BenefitElect, Inc. Recent Developments
In November 2019 BenefitElect released BenefitElect 4.8.2081. The release is comprised of bug fixes and improvements in the following areas both behind the scenes as well as in the user interface, Open Enrollment, Close Open Enrollment, Close Open Enrollment Reporting.
BenefitElect, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BenefitElect, Inc. 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 BenefitElect, Inc. 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 BenefitElect customers.
BenefitElect, Inc. Overview
Ownership: - x
Number of Employees: 35
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K215, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
BenefitElect, Inc. Key Cloud and HCM Applications
BenefitElect, Inc. HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
BenefitElect, Inc. Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
BenefitElect, Inc. HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
BenefitElect, Inc. HCM Applications Revenues By Verticals, $M:
BenefitElect, Inc. Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
BenefitElect, Inc. Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
BenefitElect, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of BenefitElect, Inc. Customers: x
No. of BenefitElect, Inc. HCM Applications Customers: x
No. of BenefitElect, Inc. Cloud HCM Customers: x
No. of BenefitElect, Inc. Cloud HCM Subscribers: x
BenefitElect's customers come mostly from the United States.
BenefitElect, Inc. Market Opportunities, M&A and Geo Expansions
BenefitElect's robust system is built on a 4th generation platform designed to seamlessly connect people, processes, and technology. From HR and payroll systems to third party administrators and carriers, BenefitElect can accommodate both industry and organization-specific benefit requirements allowing administrators like you to: Manage life events year-round, ensure more timely and accurate data validation and integration and provide real-time visibility into all your benefit processes.
BenefitElect, Inc. Risks and Challenges
Migration to the Cloud is Work in progress.
BenefitElect, Inc. Ecosystem, Partners, Resellers and SI
In March 2021, BenefitElect has partnered with TempWorks Staffing Software. BenefitElect’s partnership with TempWorks Software will deliver intuitive, nimble benefits administration and employee data management technology to staffing firms, which will allow these firms to optimize efficiency and profitability and achieve their business goals. Additionally, BenefitElect’s affordable and customizable employee benefits offerings are proven to improve employee engagement and retention and meet temporary employees’ needs.
BenefitElect, Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- BenefitElect, Inc. Public Cloud and Infrastructure (IaaS)
- BenefitElect, Inc. Platform (PaaS)
- BenefitElect, Inc. Application Delivery
- BenefitElect, Inc. 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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