LRS Retirement Solutions Strengths, Domain Expertise, and Key Differentiators
LRS Retirement Solutions has been a provider of software for pension administration since 1987 as a division of Levi, Ray & Shoup, Inc., a global provider of innovative information technology solutions founded in 1979. Our experience working with public defined benefit retirement systems throughout the United States and its territories has resulted in the best full-featured pension administration solution available for statewide, county, city, and public safety retirement plans.
PensionGold, their flagship retirement systems software, takes advantage of the latest web technologies and database management to offer a flexible and scalable solution that can be configured or enhanced to meet your retirement system's unique needs. They understand that your mission is to provide quality service to your members and to do so in a cost-effective, efficient manner. In the digital world, members of retirement systems demand access to much more information and faster than ever before. Retirement systems are looking for additional ways to cut costs. Ultimately, retirement systems want to make sure the right people are being paid the right benefits at the right time. LRS Retirement Solutions provides the retirement systems software and services that help you achieve that goal.
LRS Retirement Solutions Recent Developments
In Mach 2019, LRS Retirement Solutions gain Tampa Fire & Police Pension Fund (The Fund) as a new customer. The LRS team will be working with The Fund to implement the industry-leading PensionGold software along with MemberDirect (member portal), EDMDirect with integration to LRS’ PageCenterX® EDM software, and Workflow functionality. The Fund conducted a search for a new solution to replace a variety of legacy standalone applications used to handle various operations within their office. The primary system that will be replaced is written in COBOL and operates on the City’s mainframe. With the disparate applications, The Fund staff also has functions that require manual data entry. The critical outcomes for the PensionGold project are to consolidate all processing for active members and payees into a single line-of-business system, integration with the electronic document management solution, and roll-out of a member portal that will include an online capability for both actives and payees.
LRS Retirement Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LRS Retirement Solutions 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 LRS Retirement Solutions 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 PensionGold customers.
LRS Retirement Solutions Overview
Ownership: - x
Number of Employees: 100
Functional Market: Pension Administration,
Key Verticals: Federal Government, State and Local Government, Public Safety,
LRS Retirement Solutions Key Cloud and HCM Applications
PensionGold
LRS Retirement Solutions 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.
LRS Retirement Solutions Revenue Breakdown by Type:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
LRS Retirement Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2019 HCM Revenues, By Sub-Functional Markets, $M | |
LRS Retirement Solutions HCM Applications Revenues By Verticals, $M:
LRS Retirement Solutions Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
LRS Retirement Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
LRS Retirement Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified LRS Retirement Solutions Customers
No. of LRS Retirement Solutions Customers: x
No. of LRS Retirement Solutions HCM Applications Customers: x
No. of LRS Retirement Solutions Cloud HCM Customers: x
No. of LRS Retirement Solutions Cloud HCM Subscribers: x
Most of the LRS Retirement Solutions customers are Pensions Funds. Among LRS Retirement Solutions are Adams County Retirement Plan, City of Miami Fire Fighters; and Police Officers' Trust, San Bernardino County Employees' Retirement Association, Houston Firefighters' Relief & Retirement Fund, Sonoma County Employees' Retirement Association, and many others.
LRS Retirement Solutions Market Opportunities, M&A and Geo Expansions
The name change to LRS Retirement Solutions is a result of a re-branding initiative by parent corporation Levi, Ray & Shoup, Inc.
In late 2016, LRS introduced a new logo, the first redesign in 25 years, ushering in a new corporate identity with a dynamic color palette of blue and green chevrons signifying forward momentum and growth. The new logo and corporate identity have been adopted by all seven divisions of the global technology solutions company to unify the multiple IT-focused lines of business. In conjunction with the corporate identity updates, LRS Retirement Solutions relocated its online presence to the domain www.LRSRetirementSolutions.com.
LRS Retirement Solutions Risks and Challenges
Expanding sales outside of the United States of America will be a challenge.
LRS Retirement Solutions Ecosystem, Partners, Resellers and SI
In January 2019, LRS and New Hampshire Retirement System (NHRS) carry on with their partnership. The relationship between the New Hampshire Retirement System (NHRS) and LRS dates back nearly twenty years when NHRS selected PensionGold Version 2 as their new administration solution.Over the years and through changes at both organizations, NHRS received great value with PensionGold Version 2 and consistently exceptional services from the LRS Retirement Solutions team.
LRS Retirement Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- LRS Retirement Solutions Public Cloud and Infrastructure (IaaS)
- LRS Retirement Solutions Platform (PaaS)
- LRS Retirement Solutions Application Delivery
- LRS Retirement Solutions 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
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