ELMO Software Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

Level 27, 580 George Street

Sydney, NSW, 2000, Australia

61 2 8305-4600

https://www.elmosoftware.com.au/

71 ELMO Software

ELMO Software Strengths, Domain Expertise, and Key Differentiators

ELMO Software Limited provide cloud-based Human Capital Management (HCM) solutions. Headquartered in Australia, ELMO offers a suite of HR, payroll, and talent management software designed to streamline and optimize workforce processes. With a focus on providing integrated and user-friendly solutions, ELMO caters to a diverse range of industries and businesses, empowering them to manage their human resources efficiently. ELMO's solutions cover the entire employee lifecycle, from recruitment to retirement, making it a trusted partner for organizations seeking advanced and adaptable HCM solutions.

ELMO Software Recent Developments

In March 2022, ELMO unveiled two innovative modules, 'Hybrid Work' and 'Wellbeing,' in response to the evolving dynamics of the workplace and the growing emphasis on supporting employees' mental health and wellbeing.

The 'Hybrid Work' module, developed in-house, empowers organizations to effectively manage their hybrid working models. It enables employers to seamlessly coordinate and visualize who is scheduled to be in the office on each day, as employees have the flexibility to plan their in-office or remote work in advance. The module facilitates the establishment of capacity limits across divisions or locations, ensuring adherence to office capacity regulations. This enhancement enhances the visibility, management, and compliance of hybrid workforces.

Additionally, ELMO's partnership with Acacia Connection, a specialist provider of employee assistance programs (EAP), led to the creation of the 'Wellbeing' module. This module offers employees confidential, professional, and short-term solution-focused counseling, available 24/7 throughout the year. The collaboration with Acacia Connection emphasizes ELMO's commitment to prioritizing employee mental health and wellbeing.

In September 2021, ELMO Software launched a new module enabling businesses to automate secure record-keeping of employees’ COVID-19 vaccination and test status.

ELMO Software Mergers and acquisitions (M&A) Activities

With the acquisition, ELMO will look to launch Breathe in both New Zealand and Australia to complement its midmarket HR and Payroll solutions. In the UK, it will hope to sell some of its existing solutions alongside Breathe. Its solutions will also provide a natural upgrade path for Breathe users to a more sophisticated solution if the small businesses grow. The channel ecosystem that Breathe has created has more than 500 consultants in the UK. Many of these may have a requirement not just for small businesses but also for larger ones. This could provide a powerful ecosystem for ELMO to take advantage of quickly.

In February 2018, ELMO acquired Pivot Software, a provider of remuneration software in Australia and New Zealand. Approximately 80% of companies across Australia and New Zealand use inefficient spreadsheets and antiquated methods to manage remuneration management processes such as salaries, bonuses, complex short-term incentives (STI) and complex long-term incentives (LTI).

Following this acquisition, ELMO will now be able to provide our customers with an automated solution to manage remuneration issues, relieving HR administrators of complex and time-intensive tasks.

ELMO plans to offer a dedicated remuneration module which provides high-quality reporting within a single integrated platform. Remuneration is highly complementary to our existing Performance and Rewards modules, all accessible from one vendor, one dashboard, and one user experience.

ELMO Software Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ELMO Software 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 ELMO Software 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 ELMO Cloud HR & Payroll customers.

ELMO Software Key Cloud and HCM Applications

ELMO Cloud HR & Payroll

ELMO Software HCM and Cloud HCM Applications Revenues, $M:

Type/Year20222023YoY 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.

ELMO Software Revenue Breakdown by Type:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

ELMO Software Total and HCM Applications Revenues by Region:

Region% of Total Revenues2023 Total Revenues, $M2023 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

ELMO Software Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

ELMO Software Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified ELMO Software Customers


No. of ELMO Software Customers: 3,000+ mid-market customers, 11,000+ small businesses

No. of ELMO Software HCM Applications Customers: 3,000+ mid-market customers, 11,000+ small businesses

No. of ELMO Software Cloud HCM Customers: 3,000+ mid-market customers, 11,000+ small businesses

No. of ELMO Software Cloud HCM Subscribers: 2 million


ELMO company's industry-agnostic approach has resulted in a broad customer base spanning various sectors, including but not limited to construction and mining, hospitality, professional services, education, manufacturing, banking and financial services, telecommunications and media, retail, government, logistics, healthcare, pharmaceuticals, and not-for-profit organizations.

ELMO has secured more than 3,000+ mid-market customers, 11,000+ small businesses, with clients such as AICD, Cbus, TUH, Bank Australia and NZ Home Loans.

ELMO Software Market Opportunities, M&A and Geo Expansions

With the acquisition, ELMO will look to launch Breathe in both New Zealand and Australia to complement its midmarket HR and Payroll solutions. In the UK, it will hope to sell some of its existing solutions alongside Breathe. Its solutions will also provide a natural upgrade path for Breathe users to a more sophisticated solution if the small businesses grow. The key though is the channel ecosystem that Breathe has created. This is a network of more than 500 consultants in the UK. Many of these may have a requirement not just for small businesses but also for larger ones. This could provide a powerful ecosystem for ELMO to take advantage of quickly.

The collaboration between ELMO Software and the University of Technology Sydney in 2021, has resulted in the enhancement of ELMO's Predictive People Analytics module. Leveraging artificial intelligence, this module now empowers employers with valuable insights into employee flight risk. This strategic partnership showcases ELMO's commitment to staying at the forefront of technological advancements and utilizing innovative solutions to address the evolving needs of businesses in managing their workforce effectively.

The acquisition of Techniworks is a strategic move by ELMO HCM, signaling its commitment to expanding its product portfolio, particularly in the realm of eLearning. This expansion involves the integration of additional content libraries and software assets from third-party providers. ELMO's previous acquisitions, including Sky Payroll, LiveSalary, PeoplePulse, and Pivot Software, have contributed to the augmentation of its comprehensive portfolio of integrated cloud HR and payroll solutions. This expanded suite now covers the entire employee lifecycle, from the initial hiring process to retirement. ELMO's concerted efforts to diversify and enhance its offerings showcase its dedication to providing a holistic and integrated set of solutions for human capital management.

In May 2020, ELMO Cloud HR & Payroll (ELMO), Australia and New Zealand’s cloud-based HR, payroll and rostering / time & attendance software provider, launched its latest module, ‘ELMO Connect’. The new module provides customers with a one-stop-shop to start instant chat messages, launch Zoom meetings and manage the array of HR and payroll requirements.

ELMO Cloud HR & Payroll has released a suite of new video and online content to its course library, adding to the hundreds of online and video courses that are already available. The course library has been expanded to help businesses keep their staff skilled as more workers are asked to work remotely during the COVID-19 pandemic. The number of workers undertaking their roles at home is likely to continue to increase with both the Australian and New Zealand Governments urging people to work from home if they can.

ELMO recently completed a $45 million capital raise. Proceeds from the placement will be used to fund future acquisitions, strengthen the balance sheet and also support ongoing research and development, sales and marketing efforts, and general corporate purposes.

ELMO Software Risks and Challenges

The future trajectory for ELMO is centered on ensuring a consistent user experience across its diverse portfolio of software assets, whether developed in-house or through strategic partnerships. This approach emphasizes the importance of uniformity and seamlessness in the user interface and interaction across all ELMO's software offerings. By delivering a cohesive and consistent user experience, ELMO aims to enhance user satisfaction, streamline workflows, and foster a unified and efficient user journey throughout its software ecosystem.

ELMO Software Ecosystem, Partners, Resellers and SI

ELMO Software Limited primarily engages in direct sales for its Human Capital Management (HCM) solutions. However, the dynamics of sales strategies may change over time.

ELMO Software Cloud Platform (PaaS) and Infrastructure (IaaS) Details

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  • ELMO Software Public Cloud and Infrastructure (IaaS)
  • ELMO Software Platform (PaaS)
  • ELMO Software Application Delivery
  • ELMO Software 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:

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Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. Bank of America, a United States based Banking and Financial Services organization with 212000 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
Bank of AmericaBanking and Financial Services212000$98.6BUnited States2024-09-15