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

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https://www.hrsoft.com/

426 HRsoft

HRsoft Strengths, Domain Expertise, and Key Differentiators

HRSoft's key strengths lie in its differentiators, domain expertise, and robust product portfolio. The company's low-code technology platform allows for 100% configurability, rapid product deployment, and lower total cost of ownership compared to traditional HCM systems. This empowers enterprises to take control of employee compensation, rewards, and performance management processes.

HRSoft's PERFORMview and COMPview offer powerful AI/ML features that enhance performance assessment, goal alignment, and compensation planning. The software's cross-functional collaboration capabilities, automated scheduling, continuous feedback records, and employee development options set it apart from traditional performance management tools.

HRsoft Recent Developments

HRSoft has been making significant strides in the HR tech market. In July 2021 HRSoft launched PERFORMview, its new performance management software. The PERFORMview system offers a variety of supportive processes that help to simplify performance management within organizations, enabling managers to provide more effective and timely feedback and leading to a better-aligned workforce. PERFORMview brings transparency and ease of use to the performance management process. The software leverages HRSoft’s low-code technology platform to provide a modern user interface, pre-defined and easily modifiable analytics templates, and online tools such as tagging, following, and publishing. Users can easily publish and update key organizational priorities, and any employee in the organization can view and align with the performance goals of their leaders and teammates.

PERFORMview simulates the cross-functional collaboration that occurs throughout organizations in the way teams naturally work. Employees and managers can create work teams within the software to set, track and align work efforts and keep team members on the same page. Employees can easily view and create goals that are linked with any organizational, business unit, or teammate’s goals, allowing for superior alignment among teams. Traditional performance management processes and tools are designed to be used infrequently and often revolve around a calendar timeline, which can lead to insufficient feedback and a lack of clear alignment between employees and managers. PERFORMview eliminates these issues with automated scheduling, periodic check-in templates, and a consolidated view of continuous feedback records and options for employee development. Managers can conduct timely, recurring feedback sessions to stay in sync with employees while maintaining the integrity and value of the performance review.

PERFORMview also connects to COMPview, HRSoft’s compensation management software, directly integrating the pay for performance process as part of a singular workflow. Upcoming features include an optional calibration sub-module to help organizations better validate employee ratings and remove bias, as well as a 9-box talent assessment to identify and work with critical high potential and high performing employees.

In April 2021 HRSoft released an updated version of COMPview, its compensation management software. The COMPview V10 update uses HRSoft’s proprietary low-code technology to deliver enhancements to the company’s flagship COMPview product. The new version of the software improves the user experience for compensation managers, planning managers, and employees and has improved external integration with leading HR platforms including UKG, ADP, Workday, and Oracle.

COMPview V10 has a highly configurable home page with the option for users to include dynamic dashboards and plan navigation wizards, as well as upgraded reporting capabilities that provide drill-down insights into interactive real-time analytics. Planning worksheets within the software have been enhanced to include more in-line decision support tools for industry analysts. COMPview V10 includes prominent visibility of audit history, configurable aggregate functions by column, intelligent job listing filters for promotions, customizable compensation history screens, and rich-text notes. Additional software features include optional self-service online compensation statements for remote employees and an Advanced Compensation Calibration feature to assist planning managers with an overall analysis of pay decisions, modeling, and mass updates to selected employee groupings.

HRsoft Mergers and acquisitions (M&A) Activities

In June 2023, HRSoft successfully concluded the acquisition of CompTrak, an esteemed compensation management solution provider headquartered in Toronto, Canada. This strategic integration serves to augment HRSoft's expansive portfolio, comprising the distinguished COMPview compensation management platform, the innovative PERFORMview pay-for-performance solution, and the comprehensive REWARDview total rewards communication solution. This strategic expansion further reinforces HRSoft's position as a leader in delivering cutting-edge solutions within the realm of human capital management.

HRSoft secured a majority platform investment from Bow River Capital's Software Growth Equity (SGE) Team. This partnership aims to drive accelerated growth, expand HRSoft's suite of human capital management (HCM) applications, and scale its operational infrastructure. Bow River's investment, operational expertise, and HR tech industry experience will enable HRSoft to create even greater value for its clients, partners, investors, and employees.

HRsoft Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HRsoft 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 HRsoft 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 HRsoft Compensation Management Software, HRsoft Total Rewards Solution, COMPview, REWARDview RecruitView customers.

HRsoft Key Cloud and HCM Applications

HRsoft Compensation Management Software, HRsoft Total Rewards Solution, COMPview, REWARDview RecruitView

HRsoft 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.

HRsoft 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

HRsoft 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

HRsoft Direct vs Indirect sales

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

HRsoft Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified HRsoft Customers


No. of HRsoft Customers: x

No. of HRsoft HCM Applications Customers: x

No. of HRsoft Cloud HCM Customers: x

No. of HRsoft Cloud HCM Subscribers: x


HRSoft serves a diverse range of customers, including worldwide enterprises and midsize manufacturers across various industries. Some notable clients include Microsemi, Gannett, Wawa, DentaQuest, Masimo, and Square. HRSoft's ability to tailor its solutions to meet the needs of different companies has contributed to its strong customer base.

HRsoft Market Opportunities, M&A and Geo Expansions

In the evolving HR tech market, HRSoft has significant opportunities for growth. On a horizontal level, the demand for comprehensive compensation and performance management solutions is increasing as organizations strive to attract, retain, and engage top talent. HRSoft's AI-powered software aligns HR functions, employees, extended workforce, and ERP partners in optimizing compensation lifecycle planning, execution, and compliance.

Vertically, HRSoft has the potential for market expansion in new regions. By tailoring its solutions to meet regional requirements and partnering with local HR service providers, HRSoft can tap into untapped markets and broaden its customer base.

HRsoft Risks and Challenges

Internally, challenges may arise during go-to-market initiatives, such as effectively positioning their products and educating potential customers about their unique value proposition. Additionally, ensuring a seamless integration of their software with various HR platforms may pose technical challenges.

Externally, HRSoft operates in a competitive landscape, facing potential threats from other compensation management software providers, such as Assemble, Brilliant HR, CompXL, Kamsa, and Payscale. Staying ahead of technological advancements, market trends, and customer expectations is crucial to maintain a competitive edge.

HRsoft Ecosystem, Partners, Resellers and SI

HRSoft understands the importance of building a strong ecosystem. The integration of PERFORMview with COMPview and other HRSoft solutions provides a cohesive workflow, enabling seamless cross-functional processes within organizations. Furthermore, HRSoft has established strategic partnerships with leading HR service providers, such as Ultimate Software, Xactly, Payfactors, and Conduent. These partnerships enhance HRSoft's market reach, technology integrations, and offer complementary solutions to its customers.

HRsoft Cloud Platform (PaaS) and Infrastructure (IaaS) Details

Subscribe to read more about:

  • HRsoft Public Cloud and Infrastructure (IaaS)
  • HRsoft Platform (PaaS)
  • HRsoft Application Delivery
  • HRsoft 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. Celigo, a United States based Professional Services organization with 600 Employees
  2. New Private Equity, a United States based Professional Services company with 10 Employees
  3. First Sentier Investors, a Australia based Banking and Financial Services organization with 1000 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
CeligoProfessional Services600$80MUnited States2025-01-21
SubscribeSubscribeProfessional Services10$1MUnited States2024-08-31
SubscribeSubscribeBanking and Financial Services1000$220MAustralia2024-08-26