Benify Strengths, Domain Expertise, and Key Differentiators
Benify offers the market’s leading global benefits and total rewards platform with thousands of customers and over 2 million users around the world. Benify’s solution helps employers create a benefits and rewards experience while reducing benefits administration, automating processes, radically improving the communication of their employee value proposition and ensuring better data governance and management of benefit and reward costs.
Benify Recent Developments
Benify offers web-based HR services, provides customers with a highly tailored web solution that streamlines communications and interactions with their employees. Its portal provides a smarter way for over half a million employees globally to visualize their “total compensation” consisting of gross salary and Bennies.
Benify Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Benify 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 Benify 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 Benify customers.
Ownership: - Vitruvian
Number of Employees: 400
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K574, 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,
Benify Key Cloud and HCM Applications
Benify 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.
Benify 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%|
Benify HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Benify HCM Applications Revenues By Verticals, $M:
Benify Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Benify Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Benify Customers - Breakdown by Geo, Size, Vertical and Product
No. of Benify Customers: 1600
No. of Benify HCM Applications Customers: 1600
No. of Benify Cloud HCM Customers: 1600
No. of Benify Cloud HCM Subscribers: 2000000
The platform has 1,600 customer companies and over 2 million users, of which 1 million are Swedish. The company sells into compensation and benefits administration departments of big firms like Scania, Saab, AstraZeneca, Coca Cola, and e-ON. Some of the most recent customer wins are L'oreal Deutschland, Kuehne + Nagel, Vodafone, Scania, and others.
Benify Market Opportunities, M&A and Geo Expansions
In recent year Benify has achieved success with several large, fine European and American companies where they have implemented their platform in many European countries and in some cases also globally.
In February 2019, Benify has partnered with NGA HR to provide clients with a full suite of services and experiences around payroll and benefits. With almost 50 years of experience, NGA HR is recognized as a market leader in HR & Payroll. NGA HR offers an end-to-end solution for multinational organizations across the world including helping organizations with the challenges and administrative burden of GDPR and data management. Benify is a recognized market leader but in the field of benefits and employee communication and engagement – creating mobile digital experiences for the world’s best employers.
Benify Risks and Challenges
Benify's solutions cover a fraction of the HCM space.
Benify Ecosystem, Partners, Resellers and SI
Benify sells direct with a channel program for European resellers.
Benify Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Benify Public Cloud and Infrastructure (IaaS)
- Benify Platform (PaaS)
- Benify Application Delivery
- Benify 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).
For additional information on our methodologies, here's the link:
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