CheckHQ Strengths, Domain Expertise, and Key Differentiators
Check Technologies boasts a robust array of strengths that position it as a formidable player in the market. The company excels in cutting-edge technology implementation, fostering innovation, and delivering seamless solutions to clients. With a focus on adaptability and scalability, Check Technologies Inc. stands out for its commitment to client success, robust infrastructure, and a team of skilled professionals dedicated to driving excellence across all facets of its operations.
CheckHQ Recent Developments
In June 2023 Warp and Check collaborate to revolutionize payroll for startups. With Check's expertise, Warp swiftly launched its platform, focusing on an outstanding product experience. The partnership allows Warp to efficiently manage payroll, benefits, and compliance, while Check handles backend complexities and accelerates the rollout of essential offerings like health insurance and retirement savings.
In January 2021, Check secured $35 million in Series B financing through strategic investments from industry leaders Stripe and Thrive Capital. The allocated capital will be strategically deployed to further augment the company's workforce as part of its ongoing expansion initiatives.
CheckHQ Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CheckHQ 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 CheckHQ 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 Unlock the full potential of your business with CheckHQ's suite of key enterprise and cloud applications. Seamlessly integrate essential tools to enhance efficiency, streamline operations, and empower your organization to thrive in the digital landscape. Elevate your business with CheckHQ's cutting-edge solutions for optimal performance and success.Unlock the full potential of your business with CheckHQ's suite of key enterprise and cloud applications. Seamlessly integrate essential tools to enhance efficiency, streamline operations, and empower your organization to thrive in the digital landscape. Elevate your business with CheckHQ's cutting-edge solutions for optimal performance and success. customers.
CheckHQ Overview
Ownership: - x
Number of Employees: 180
Functional Market: Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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,
CheckHQ Key Cloud and HCM Applications
Unlock the full potential of your business with CheckHQ's suite of key enterprise and cloud applications. Seamlessly integrate essential tools to enhance efficiency, streamline operations, and empower your organization to thrive in the digital landscape. Elevate your business with CheckHQ's cutting-edge solutions for optimal performance and success.Unlock the full potential of your business with CheckHQ's suite of key enterprise and cloud applications. Seamlessly integrate essential tools to enhance efficiency, streamline operations, and empower your organization to thrive in the digital landscape. Elevate your business with CheckHQ's cutting-edge solutions for optimal performance and success.
CheckHQ 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.
CheckHQ Revenue Breakdown by Type:
CheckHQ 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 | |
CheckHQ HCM Applications Revenues By Verticals, $M:
CheckHQ 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 |
CheckHQ Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CheckHQ Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CheckHQ Customers
No. of CheckHQ Customers: 250000
No. of CheckHQ HCM Applications Customers: 250000
No. of CheckHQ Cloud HCM Customers: 250000
No. of CheckHQ Cloud HCM Subscribers: 4000000
Homebase elevates local businesses with the introduction of Homebase Payroll. Utilizing Check's embedded payroll API, Homebase efficiently integrated a robust payroll solution into its platform within months, significantly accelerating the development process. This collaboration redefines how business owners manage their companies and payroll, setting a new standard for efficiency and effectiveness.
Bambee's collaboration with Check led to a 30x engagement increase with embedded payroll solutions. Using Check's API, Bambee swiftly launched Bambee Guided Payroll, addressing small businesses' needs and reducing the risk of errors. In a supportive move, Bambee offers a free year of payroll services for companies with under 20 employees and competitively prices its services at $4 per employee—70% below the market average, with no monthly company fee.
7shifts has strategically partnered with Check to launch a new payroll offering. This collaboration allows customers to effortlessly manage employee scheduling and payroll processing within a unified platform. The development of 7shifts Payroll with Check capitalized on Check's payroll expertise, expediting 7shifts' go-to-market strategy and providing customers with an all-in-one team management solution.
Check's collaborative network spans diverse sectors, including vertical SaaS, workforce management, fintech, and online staffing. Collectively, Check's strategic partners contribute to the operational success of over 250,000 businesses, impacting a workforce exceeding 4 million employees. Esteemed partners and clients of Check includes industry leaders such as Bambee, ServiceTitan, Procare, Eddy, Miter, Homebase, and a host of other prominent entities.
CheckHQ Market Opportunities, M&A and Geo Expansions
Check Technologies is well-positioned for opportunities in market expansion, product innovation, strategic partnerships, globalization, data analytics integration, regulatory compliance solutions, and cybersecurity enhancement. Adapting to industry trends and forming key collaborations will be essential for sustained growth.
In February 2022, CheckHQ successfully raised $75 million in a Series C funding round led by Stripe, with participation from existing investors Bedrock, Thrive, and Index. This substantial funding will be deployed to advance Check's platform, reinforcing its position as the go-to solution for seamlessly building, launching, and scaling new payroll ventures. In 2021, CheckHQ had previously secured $35 million in funding, led by Thrive Capital and Stripe.
CheckHQ Risks and Challenges
Check Technologies faces various risks including market competition, technological changes, regulatory challenges, cybersecurity threats, economic downturns, dependency on key clients, talent acquisition and retention difficulties, global events, integration challenges, and financial risks. Effective risk management strategies are essential for mitigating potential negative impacts on the company's operations and long-term success.
Check faces competition in a saturated field where established players like ADP and Workday dominate standalone payroll and HR software for enterprises. Additionally, Square, focusing on small businesses like Check, already provides integrated payroll services alongside sales and timesheet features. This presents a challenge for Check to differentiate itself and gain market share.
CheckHQ Ecosystem, Partners, Resellers and SI
Check Technologies has cultivated a dynamic and interconnected ecosystem to fortify its market presence. This intricate network encompasses strategic partnerships with leading industry players, seamless integrations with diverse business applications, and a responsive support infrastructure. The Check ecosystem is designed to enhance operational efficiency, facilitate innovation, and provide clients with a comprehensive suite of solutions for their diverse business needs.
Check Technologies doesn't have direct sales. Check sells its product through partners.
CheckHQ Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CheckHQ Public Cloud and Infrastructure (IaaS)
- CheckHQ Platform (PaaS)
- CheckHQ Application Delivery
- CheckHQ 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
https://www.appsruntheworld.com/FAQ
