Mitrefinch Strengths, Domain Expertise, and Key Differentiators
Mitrefinch burst onto the scene in 1979 with the first-ever time and attendance software program. Since then, Mitrefinch has been committed to constantly evolving its systems to offer the ultimate in workforce management. Mitrefinch on-premises and cloud-based systems include HR software that helps manage vacation planning, sick leave and other absences. The system is compatible with any iOS, Android, BlackBerry and Windows mobile device.
Mitrefinch Recent Developments
In February 2020, Mitrefinch has revealed its instant calculations engine to underpin its existing payroll software Flexipay and reduce admin time for payroll teams. Instant calculations will be able to process gross to net calculations for 10,000 staff records in just 20 seconds – often a manual process that can take payroll teams anywhere between half a day to a day to run. One of the key benefits of live calculations is that submission deadlines can remain flexible for internal teams and will no longer be confined to strict cut off dates.
Mitrefinch Mergers and acquisitions (M&A) Activities
In 2018, Mitrefinch acquired Advance Systems America. Advance Systems America has been a partner of Mitrefinch for 8 years, selling time and attendance solutions to US-based businesses. With the acquisition, Mitrefinch intends to leverage Advance Systems America’s expertise, talent, experience and knowledge to accelerate growth and become a major player in the US market.
Mitrefinch Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Mitrefinch 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 Mitrefinch 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 Mitrefinch Cloud, customers.
Mitrefinch Overview
Ownership: - x
Number of Employees: 200
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Mitrefinch Key Cloud and HCM Applications
Mitrefinch Cloud,
Mitrefinch 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.
Mitrefinch 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 |
Mitrefinch HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2019 HCM Revenues, By Sub-Functional Markets, $M | |
Mitrefinch HCM Applications Revenues By Verticals, $M:
Mitrefinch 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 |
Mitrefinch Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Mitrefinch Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Mitrefinch Customers
No. of Mitrefinch Customers: 7500
No. of Mitrefinch HCM Applications Customers: 7500
No. of Mitrefinch Cloud HCM Customers: x
No. of Mitrefinch Cloud HCM Subscribers: x
In August 2018, Global retail and wholesale company Mamas & Papas have signed a deal with Mitrefinch for an integrated Workforce Management solution. The leading brand opted for Mitrefinch’s Time and Attendance, HR and Payroll software for up to 1,000 employees.Mitrefinch outshone competitors due to the flexibility of the product and solutions that will strengthen Mamas & Papas administration.
Mitrefinch serves over 7500 clients across a broad range of business sectors - from energy companies in North America to airlines in Europe, and rice plantations in Papua New Guinea. These organizations vary in size from just 50 employees to multi-national and public sector customers who may have a diverse workforce of thousands.
Among Mitrefinch customers are: British Airways, Damco, DHL, Factor's Group of Nutritional Companies Inc., Giant Tiger, Nestle, Nova Steel, Sodexo, T&T Supermarkets, Watts Water Technologies and many others.
Mitrefinch Market Opportunities, M&A and Geo Expansions
For businesses with fewer than 250 employees, Mitrefinch recommends the on-premises system. (For a business with 50 employees, the on-premises system costs roughly $7,500.) If the client hosts a system on his servers, there are no additional monthly costs. Another possibility is a cloud-based option, which costs $150 per month. However, the client still owns all of the software. The cloud-based system, for a business with 50 employees, would cost about $8 per employee, per month.
Mitrefinch Risks and Challenges
Mitrefinch is primarily focusing on hardware and professional services offerings.
Mitrefinch Ecosystem, Partners, Resellers and SI
Mitrefinch has two reseller partners Dataplan and Advance Systems who recently acquired. In June 2018, launched a new office in Nottingham
Mitrefinch Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Mitrefinch Public Cloud and Infrastructure (IaaS)
- Mitrefinch Platform (PaaS)
- Mitrefinch Application Delivery
- Mitrefinch 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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