EverythingBenefits Strengths, Domain Expertise, and Key Differentiators
EverythingBenefits is a provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways.
By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll or human capital management companies, and other providers. The company's philosophy is that technology should make life simpler, more rewarding, and more enjoyable.
EverythingBenefits Recent Developments
In May 2021, EverythingBenefits launched Leave of Absence (LOA) Management solution, which will allow the company to automate processes and ease the compliance burden of leave of absence management for clients.
In April 2020 EverythingBenefits launched a new Collections and Payments solution. The platform’s latest feature is designed to service employees to leverage payroll to pay for their benefits.
Third-Party Administrators and Service Providers including Payroll Service Bureaus and Professional Employer Organizations with clients, who have employees on reduced payroll, will benefit from the service as it enables employees to pay for the necessary services including their portion of benefits contributions and 401k loan repayments. Employees in troubling circumstances or need to take time off to care for family members no longer have to fear to lapse on their policies and other financial obligations.
The Payments and Collections intuitive user experience is built on top of the EverythingBenefits “Benefits Management” suite. It allows employers to easily set up collections accounts so employees can make payments online. In July 2019, EverythingBenefits partnered with PayPlus Software, a Professional Employer Organization (PEO) and Administrative Services Only (ASO) software company. EverythingBenefits is licensing its services to PayPlus which will extend access to these solutions to its PEO licensee ecosystem through the integration.
EverythingBenefits Mergers and acquisitions (M&A) Activities
In June 2021, UKG (Ultimate Kronos Group), a leading global provider of HCM, payroll, HR service delivery, and workforce management solutions, acquired EverythingBenefits.
EverythingBenefits Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying EverythingBenefits 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 EverythingBenefits 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 EverythingBenefits customers.
Ownership: - NASDAQ : ULTI
Number of Employees: 90
Functional Market: Benefits Administration,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
EverythingBenefits Key Cloud and HCM Applications
EverythingBenefits HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||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.
EverythingBenefits 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%|
EverythingBenefits HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
EverythingBenefits HCM Applications Revenues By Verticals, $M:
EverythingBenefits Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
EverythingBenefits Direct vs Indirect sales
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EverythingBenefits Customers - Breakdown by Geo, Size, Vertical and Product
No. of EverythingBenefits Customers: 10000
No. of EverythingBenefits HCM Applications Customers: 10000
No. of EverythingBenefits Cloud HCM Customers: 10000
No. of EverythingBenefits Cloud HCM Subscribers: 1000000
As of March 2020, EverythingBenefits had a customer base of 10,000 corporate clients and over two million users.
Among its customers are: Goodwill, GNSA, Covenant House, AccuPay, De Waffelbakkers, Crider Foods, Kearney Regional Medical Center and many others.
EverythingBenefits Market Opportunities, M&A and Geo Expansions
In October 2019, EverythingBenefits enhanced its product offering by the addition of ACA Compliance and Reporting. The offering calculates and monitors compliance on a monthly basis, as well as handles annual compliance. The ACA Compliance and Reporting offering is available as a standalone product or in conjunction with any of the EverythingBenefits products and services.
In September 2017, EverythingBenefits received a $4.0M investment from Arthur Ventures. The use of funds will primarily be for continued product innovation, strategic growth initiatives and expansion of EverythingBenefits' team.
EverythingBenefits Risks and Challenges
After being acquired by UKG in June 2021, EverythingBenefits runs into a risk of being absorbed into UKG's large portfolio of HR software solutions.
The super fast customers acquistion strategy could be a challange, while obtaining quality service and support for the new and existing clients.
EverythingBenefits Ecosystem, Partners, Resellers and SI
EverythingBenefits realized year-over-year growth of over 37 percent within its distribution and technology partner base. Recent additions include Transamerica, Benetech and Ban-Koe Companies. With the goal of expanding its world-class technology, EverythingBenefits partners with over 200 HR and PEO Platforms and providers such as ADP, PrismHR, iSolved, Kronos and many others.
In the second half of 2019, In tandem with its business growth, EverythingBenefits has grown its headquarters, recently opening a bigger head office in New Providence, New Jersey.
In February 2019, EverythingBenefits partnered with PrismHR, an HR software platform to provide its COBRA Administration solution via PrismHR's Marketplace. Through the partnership, PrismHR will offer its network of service providers access to EverythingBenefits' COBRA Administration solution via PrismHR Marketplace.
Later in May, EverythingBenefits partnered with Picwell, the provider of advanced predictive decision-support solutions for consumer and employee benefits plan selection information. The partnership provides a powerful artificial intelligence (AI) driven interface that presents personalized recommendations tailored to best fit the needs of each user.
EverythingBenefits Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- EverythingBenefits Public Cloud and Infrastructure (IaaS)
- EverythingBenefits Platform (PaaS)
- EverythingBenefits Application Delivery
- EverythingBenefits 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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