LRS Retirement Solutions Strengths, Domain Expertise, and Key Differentiators
LRS Retirement Solutions differentiates itself through its extensive domain expertise in pension administration software, acquired over several decades. This expertise allows them to understand the unique needs of their customers and provide tailored solutions.
The flagship product, PensionGold, leverages the latest web technologies and database management to offer a flexible and scalable retirement system software. Its ability to adapt and enhance based on customer requirements is a significant strength.
LRS Retirement Solutions Recent Developments
LRS Retirement Solutions, a division of Levi, Ray & Shoup, Inc., has been at the forefront of pension administration software since 1987. The company recently completed a successful implementation of its PageCenterX (PCX) electronic document management solution for Miami GESE, replacing their legacy Oracle solution. This achievement demonstrates LRS Retirement Solutions' commitment to innovation and technological advancement.
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 LRS Retirement PensionGold customers.
LRS Retirement Solutions Overview
Ownership: - x
Number of Employees: 60
Functional Market: Pension Administration,
Key Verticals: Federal Government, State and Local Government, Public Safety,
LRS Retirement Solutions Key Cloud and HCM Applications
LRS Retirement PensionGold
LRS Retirement Solutions 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.
LRS Retirement Solutions Revenue Breakdown by Type:
LRS Retirement Solutions 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 | |
LRS Retirement Solutions HCM Applications Revenues By Verticals, $M:
LRS Retirement Solutions 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 |
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: 120
No. of LRS Retirement Solutions HCM Applications Customers: 120
No. of LRS Retirement Solutions Cloud HCM Customers: x
No. of LRS Retirement Solutions Cloud HCM Subscribers: x
LRS Retirement has helped 100 customers with their Pension Administration. 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. Some of their most recent customers include; WSSC Water, Franklin County, City of Phoenix, City of Tampa, and others.
All of the LRS Retirement's customers are US based.
LRS Retirement Solutions Market Opportunities, M&A and Geo Expansions
PensionGold can easily be installed to run at customers data center (on-premise) or in a hosted environment using a third-party hosting vendor. LRS Retirement partnered with and recommends Flexential to provide hosting services for customers. Flexential meets the needs of data center security requirements such as Uptime Institute Tier Certification; SAS 70 Type II or Service Organization Controls (SOCSM) audit standards; and other industry certifications and/or accreditations.
LRS Retirement Solutions Risks and Challenges
Internal risks for LRS Retirement Solutions may include technological disruptions, product development challenges, and ensuring the agility of their solutions to adapt to changing customer demands.
External risks could involve increasing competition in the pension administration software market, evolving regulatory requirements, and economic uncertainties that may impact customer spending.
LRS Retirement Solutions may face challenges in effectively positioning their products and services, ensuring efficient distribution channels, and addressing the evolving needs of customers.
LRS Retirement Solutions Ecosystem, Partners, Resellers and SI
LRS Retirement Solutions has formed strategic partnerships to enhance its ecosystem and provide additional value to customers:
Technology Integrations: PensionGold, the flagship retirement system software, can seamlessly integrate with existing imaging solutions, enabling a comprehensive document management experience.
Ecosystem Partnerships: LRS Retirement Solutions has partnered with Flexential to provide hosting services for customers. This partnership ensures that customers can choose between running the software on-premise or in a hosted environment, leveraging the expertise and certifications offered by Flexential in data center security and other industry standards.
LRS Retirement Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- 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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