CoAdvantage Strengths, Domain Expertise, and Key Differentiators
CoAdvantage, founded in 1997, specializes in – and excels at – handling human resources. We are HR experts who work with small business owners as their outsourcing partner to administer payroll, benefits, workers’ compensation, and core HR functions. Our integrated and flexible approach to personalized HR management enables us to provide top-level services across many industries in the small business community in all 50 states and allows owners and managers to refocus resources on growth and development.
CoAdvantage Recent Developments
In May 2020, CoAdvantage launched CoAdQuantum, a proprietary HR and payroll platform. The new technology provides valuable human resource solutions and improved payroll processing to small and mid-sized clients. The achievement marks the first standalone HR platform, featuring a built-in payroll processing engine, developed by a privately held PEO. It puts the Company on a shortlist of PEOs that have this capability in the industry. The new platform seamlessly manages and is inclusive of the ability to process end-to-end payroll (both input and calculations), flexible client invoicing, onboarding, customized reporting, BI analytics, check printing, garnishments, PTO, ACH, tax management, general ledger integration, employee and manager self-service, and full-service benefits and ACA administration, all in a completely automated fashion.
With CoAdQuantum, the Company can easily double or triple processing capacity without significant investment and offers greater customization and flexibility to support a wide range of unique clients. Several platform enhancements, including additional capabilities, integrations, and features, will be released in the third and fourth quarter of this year, and once completed, the standalone platform ensures the Company will not be reliant on any third-party systems.
CoAdvantage Mergers and acquisitions (M&A) Activities
CoAdvantage Corporation acquired Florida-based Remedy Employer Services (“Remedy”). The acquisition expands CoAdvantage’s Florida base and represents the Company’s third acquisition in the past year. The acquisition creates a combined platform serving approximately 4,500 clients and more than 90,000 worksite employees with a range of HR outsourced solutions for small and medium-sized businesses.
CoAdvantage Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoAdvantage 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 CoAdvantage 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 CoAdvantage HR customers.
Ownership: - x
Number of Employees: 421
Functional Market: Workforce Analytics, Time and Attendance, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Applicant Tracking Systems, Performance and Goal Management, Learning and Development, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
CoAdvantage Key Cloud and HCM Applications
CoAdvantage HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||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.
CoAdvantage Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
CoAdvantage HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
CoAdvantage HCM Applications Revenues By Verticals, $M:
CoAdvantage Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
CoAdvantage Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
CoAdvantage Customers - Breakdown by Geo, Size, Vertical and Product
No. of CoAdvantage Customers: 4500
No. of CoAdvantage HCM Applications Customers: 4500
No. of CoAdvantage Cloud HCM Customers: x
No. of CoAdvantage Cloud HCM Subscribers: x
CoAdvantage has over 4500 customers worldwide.
CoAdvantage Market Opportunities, M&A and Geo Expansions
In 2019, CoAdvantage Corporation expanded its sales and operations in Texas. The expansion includes the hiring of many new leaders and team members, the relocation of certain regional activities to Texas, and an increase of the Company’s presence in several major Texas cities.
CoAdvantage Risks and Challenges
CoAdvantage Corporation appointed Clinton Burgess as CEO.
CoAdvantage Ecosystem, Partners, Resellers and SI
CoAdvantage Corporation expanded its relationship with one of the nation’s top health care providers, Kaiser Permanente, to offer health insurance plans to its customers in two additional growth markets. The partnership includes new plan portfolios in Colorado and Georgia as well as expanded plan options in California.
CoAdvantage Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CoAdvantage Public Cloud and Infrastructure (IaaS)
- CoAdvantage Platform (PaaS)
- CoAdvantage Application Delivery
- CoAdvantage 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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