Netchex Strengths, Domain Expertise, and Key Differentiators
Netchex offers a SaaS-based solution including robust tools for recruiting top talent, paperless onboarding, labor cost tracking and seamless management of benefits, in addition to base payroll and tax. The product provides single sign-on access to a unified database across all applications.
Netchex Recent Developments
In 2019, Netchex and Delaget partnered to deliver an integrated data and employee management solution for the restaurant industry. Through this new integration, restaurant operators will be able to access smart analytics about their business while managing their entire workforce from recruitment through retirement.
Netchex Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Netchex 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 Netchex 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 Netchex Payroll and Tax, Netchex Benefits Administration customers.
Ownership: - x
Number of Employees: 230
Functional Market: Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K321, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Netchex Key Cloud and HCM Applications
Netchex Payroll and Tax, Netchex Benefits Administration
Netchex HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||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.
Netchex Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Netchex HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Netchex HCM Applications Revenues By Verticals, $M:
Netchex Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Netchex Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Netchex Customers - Breakdown by Geo, Size, Vertical and Product
No. of Netchex Customers: 4000
No. of Netchex HCM Applications Customers: x
No. of Netchex Cloud HCM Customers: x
No. of Netchex Cloud HCM Subscribers: x
Netchex provides services to more than 4,000 employers across the United States, predominantly focused in the Southeast with offices in Mandeville, LA, Baton Rouge, LA, Atlanta, GA, Dallas, TX and Jackson, MS. Among Netchex customers are Cross Gates Family Fitness, SkyGolf, Business Jet Center, Robinson Lumber Company and many more.
Netchex Market Opportunities, M&A and Geo Expansions
In March 2019 Netchex and M3 expanded their existing partnership with an API integration to help today’s hotels streamline HR processes, keep employees engaged, and help ensure consistency across locations. The API integration builds on the existing integration with M3’s Accounting software and marries M3’s time and labor technology with Netchex’s complete Human Capital Management (HCM) platform. This latest endeavor delivers deeper workforce management and complete back-office integration and will be one of the largest and most comprehensive integrations to date for M3.
In 2016, Primus Capital made a substantial growth investment in Netchex. The investment was supposed to help the strategic path of Netchex growth, and position Netchex as a market innovator
Netchex Risks and Challenges
Netchex provides solutions to employers only in the US.
Netchex Ecosystem, Partners, Resellers and SI
In September 2018 Netchex and ExpensePath formed a strategic partnership to deliver T&E expense reimbursement and payroll integration to the marketplace. The companies will integrate technologies that create a seamless, online process for closing the gap between accounts payable and payroll. In addition to payroll, the partnership delivers access to Netchex’s full-service suite of human resources tools, automated state and federal compliance, and more.
In 2018, Netchex and ABC Financial enrolled in a strategic partnership to bring complete back-office management to the health club industry. The companies collaborate to deliver online, user-friendly employee management services to ABC Financial's network of existing and prospective health club customers.
Netchex Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Netchex Public Cloud and Infrastructure (IaaS)
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- Netchex Private Cloud and Data Centers
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).
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