Humanforce Strengths, Domain Expertise, and Key Differentiators
Humanforce stands as a leading platform catering to frontline and flexible workforces, providing highly customizable and top-quality Workforce Management (WFM), Human Resources (HR), and Payroll solutions without any compromises. Established in 2002, Humanforce boasts a customer base of 2000 organizations and over half a million users globally. Presently, the company operates offices in Australia, New Zealand, and the UK.
Humanforce Recent Developments
In June 2023, Humanforce entered into a strategic partnership with Datacom, the largest technology solutions provider in Australasia. This collaboration aims to offer a seamless integrated Workforce Management (WFM) and payroll solution to businesses in Australia and New Zealand. By combining Humanforce's advanced WFM solution with Datapay payroll and EasiPay managed payroll, customers now have an additional option for a fully integrated, best-of-breed, and compliant WFM & Payroll solution. This partnership follows Humanforce's successful launch of its inaugural integrated WFM & Payroll offering in September of the previous year.
Humanforce Mergers and acquisitions (M&A) Activities
In June 2023, Humanforce successfully completed its acquisition of intelliHR, a leading intelligent people platform recognized for enhancing employee engagement, performance, and retention. Fueled by AI-powered workforce analytics and a robust Core HR system, intelliHR offers real-time insights, enabling businesses to make well-informed decisions about their employees. Valued at over AUD$77 million, this strategic acquisition marked Humanforce's third major investment following the capital injection from Accel-KKR, a prominent technology-focused private equity firm, in May 2022.
In March 2023, Humanforce diversified its portfolio by acquiring the Australian operations of Wagestream, formerly known as Earnd. Established in 2018 as a mission-driven financial wellbeing organization, Earnd transformed how employees manage their finances. With prestigious clients such as BPAY, Hungry Jack’s, Carnival Cruises, JD Sports, and Accor, Earnd specialized in providing on-demand pay solutions, enhancing employees' financial well-being.
Furthermore, in September 2022, Humanforce took a significant leap in its growth journey by acquiring Ento, a robust Workforce Management (WFM) solution tailored for rostering, shift management, time & attendance, leave, and onboarding processes. Ento's presence in 10,000 workplaces with over 100,000 employees across diverse sectors like retail, hospitality, facilities management, and childcare added substantial value to Humanforce's market leadership. Noteworthy clients utilizing Ento's WFM solutions include World Vision, Medibank, Mecca, Bambini Early Learning Centres, and Monash University. This strategic move was made possible through Humanforce's second round of funding from AKKR, fortifying the company's growth through strategic acquisitions.
These acquisitions underscore Humanforce's dedication to innovation and market leadership. By integrating these cutting-edge solutions, Humanforce is poised to revolutionize how businesses engage with their workforce, enhance performance, and elevate employee experiences across various industry verticals.
Humanforce Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Humanforce 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 Humanforce 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 Humanforce Workforce Management, Humanforce intelliHR, Humanforce Thrive Wellbeing customers.
Humanforce Overview
Ownership: - Accel-KKR
Number of Employees: 400
Functional Market: Absence and Leave Management, Workforce Analytics, Scheduling, Time and Attendance, Core HR, Payroll, Compliance, Onboarding, Performance Management, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Public Safety, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Youth and Elderly Care, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Humanforce Key Cloud and HCM Applications
Humanforce Workforce Management, Humanforce intelliHR, Humanforce Thrive Wellbeing
Humanforce 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.
Humanforce Revenue Breakdown by Type:
Humanforce 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 | |
Humanforce HCM Applications Revenues By Verticals, $M:
Humanforce 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 |
Humanforce Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Humanforce Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Humanforce Customers
No. of Humanforce Customers: 2000
No. of Humanforce HCM Applications Customers: 2000
No. of Humanforce Cloud HCM Customers: 2000
No. of Humanforce Cloud HCM Subscribers: 600000
Humanforce boasts an extensive customer base, catering to more than 2000 organizations worldwide. Their software is utilized daily by 600,000 users, showcasing the company's robust industry standing. Notable clients in their diverse portfolio include esteemed organizations such as Safe Work Laboratories, Sheike, Jack Inglis Friendship Hospital, Rose of Australia, and many others.
A detailed breakdown of customers by region underscores the global impact of Humanforce's solutions. The company has experienced substantial growth in Europe, Asia, and North America, demonstrating its ability to expand operations and establish a significant presence in pivotal markets.
Humanforce Market Opportunities, M&A and Geo Expansions
In May 2022, Humanforce successfully secured its second round of funding from Accel-KKR, a significant milestone that injected vital financial support into the company's operations. Following this funding, Humanforce swiftly executed its strategic vision by acquiring Ento in September 2022, a move that substantially expanded its presence in the Workforce Management (WFM) market. In October of the same year, Humanforce introduced its comprehensive payroll solution, marking a significant leap forward. Since the initial investment by Accel-KKR in 2019, Humanforce has experienced remarkable year-on-year growth, witnessing a substantial 53% increase in Software as a Service (SaaS) bookings.
Humanforce Risks and Challenges
As Humanforce continues its expansion journey, it faces challenges related to integration, particularly concerning the amalgamation of diverse product suites and customer bases from acquisitions. Additionally, external risks such as market competition and evolving customer demands necessitate agility and adaptability. Go-to-market challenges, especially in new regions, require tailored strategies to establish a strong market presence and foster customer trust.
Humanforce Ecosystem, Partners, Resellers and SI
Humanforce's success is underpinned by its strong ecosystem of technology integrations and partnerships. The company collaborates with payroll solutions providers such as myob/ace payroll, ADP, Ascender, Arrow, Attache, Aurion, Aussiepay, Chris, and Datacom, among others. These integrations enable seamless data exchange, streamlining payroll processes for mutual customers.
Humanforce Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Humanforce Public Cloud and Infrastructure (IaaS)
- Humanforce Platform (PaaS)
- Humanforce Application Delivery
- Humanforce 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
