Ceridian Strengths, Domain Expertise, and Key Differentiators
Since its acquisition of Dayforce in 2012, Ceridian has rapidly expanded Dayorce from its origins in payroll and workforce management (WFM) into a feature-rich cloud platform for HCM with functionality spanning HR, payroll, benefits, WFM, and talent management. Built as a single application from the ground up, Dayforce combines a modern, consumer-grade user experience with proprietary application architecture, including a single rules engine and a single data set that spans the entire application. The Dayforce architecture enables differentiating capabilities such as real-time reporting and continuous calculation of employee net pay whenever a time, benefits, or HR record is changed. As of September 30, 2018, Ceridian has more than 3,450 live Dayforce customers and over 38,000 Powerpay accounts.
Ceridian Recent Developments
In October 2018, Ceridian launched new succession planning capabilities at its annual customer forum, INSIGHTS. Dayforce Succession Planning will provide organizations with real-time data and insights designed to help employers find the right people within their companies to fill key roles in the event of expected or unexpected departures. In today’s competitive market, organizations must prioritize their talent management efforts to attract, retain, and grow engaged high-performing teams. Succession planning can enable organizations to support business continuity, increase employee engagement, and reduce employee turnover. Ceridian also launahced Dayforce Compensation and Dayforce Learning in the spring, which together with Succession Planning greatly strengthens the company's talent managment capabilities. Ceridian also announced it is actively working to deliver organizations a best-in-class advanced analytics solution. This will complement reporting features that make it faster and easier for Dayforce customers to build and edit reports. Ceridian also introduced plans to launch benefit decision support, engagement surveys, compensation benchmarking, and on-demand pay functionality to Dayforce. In July 2018 Ceridian launched its cloud-based platform, Dayforce, in the UK market. Dayforce customers operating in the UK can benefit from Dayforce’s combined payroll and deep workforce management functionality to engage their people, simplify processes, and work smarter. Dayforce is the only single HCM platform of its kind in the UK market. With the expansion of Dayforce, including the addition of native UK payroll, employers in this market have access to the same award-winning platform used by more than 3,450 customers around the world. By adopting one consolidated HCM solution, companies can transform HR processes on a global scale to better acquire, develop, schedule, pay, and manage their people. Ceridian is helping leading UK brands, including Halfords and Whitbread, to better manage their employees, reduce complexities, and improve compliance.
Ceridian Mergers and acquisitions (M&A) Activities
In April 2018, Ceridian, led by Canadian tech entrepreneur, David Ossip, completed an initial public offering (IPO), raising over $800 million. Ceridian also recently completed a secondary offering for an additional $400 million.
Ceridian Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask the simple question: Who’s buying Ceridian 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 Ceridian 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 Dayforce HCM, InView, customers.
Ownership: - CDAY
Number of Employees: 4212
Functional Market: Absence and Leave Management, Workforce Analytics, Fatigue Management, Scheduling, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Performance and Goal Management, Learning and Development, Compensation 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,
Ceridian Key Cloud and HCM Applications
Dayforce HCM, InView,
Ceridian HCM and Cloud HCM Applications Revenues, $M:
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* 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.
Ceridian Revenue Breakdown by Type:
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Ceridian HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2018 HCM Revenues, By Sub-Functional Markets, $M
Ceridian HCM Applications Revenues By Verticals, $M:
Ceridian Total and HCM Applications Revenues by Region:
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Ceridian Direct vs Indirect sales
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Ceridian Customers - Breakdown by Geo, Size, Vertical and Product
No. of Ceridian Customers: 3718
No. of Ceridian HCM Applications Customers: 3718
No. of Ceridian Cloud HCM Customers: 3718
No. of Ceridian Cloud HCM Subscribers: 3 million
Ceridian has more than 3,450 customers live on Dayforce. Dayforce customers include American Diabetes Association, Ashley Stewart, ATI Physical Theraphy, Blue Man Group, CorePower Yoga, Denver Broncos, Electro Scientific Industries, Guitar Center, the Houston Texans, Peninsula Metropolitan YMCA, Oliver&Bonacini Restaurants, Power Construction, Rubio's Coastal Grill, Second City, and others.
Ceridian Market Opportunities, M&A and Geo Expansions
Dayforce is the only HCM platform that provides the ability to continuously calculate employee net pay whenever a time, benefits, or HR record is changed. This unique capability is the foundation upon which Ceridian is building the on-demand pay functionality of Dayforce, which will be available in 2019. With a growing number of employees experiencing financial challenges and living paycheck to paycheck, companies today are more mindful of how financial pressures impact employee well-being and productivity. Dayforce On-Demand Pay will enable employees to request a payout of their earned wages when needed, in advance of a formal pay period. This will allow companies to help ease the financial pressures of their employees and in so doing, improve employee engagement and productivity. As the war for talent intensifies, particularly among hourly workers, the ability to offer pay on-demand will be an important differentiator in attracting and retaining talent. Dayforce On-Demand Pay represents a goldmine opportunity for Ceridian to boost wallet share among its installed based and attract new customers.
Ceridian Risks and Challenges
Ceridian’s transformation into a cloud HCM provider in the short time since the Dayforce acquisition has been remarkable. Dayforce has grown at a CAGR of more than 60% since 2012. The company is strategically focused on maintaining this strong growth trajectory through building on its strong North American base to expand globally and by targeting larger enterprise customers. Ceridian’s expansion may entail certain risks given that the entire company needs to scale every aspect of its operation.
Ceridian Ecosystem, Partners, Resellers and SI
Ceridian launched the Dayforce Software Partner Program (DSPP) last year to create a software partner ecosystem aimed at helping organizations easily connect other HCM-related solutions with Dayforce. The DSPP provides Ceridian software partners and application developers access to Ceridian’s APIs, making data available across Dayforce and partner solutions.
Ceridian Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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