Octime Strengths, Domain Expertise, and Key Differentiators
Octime expertise, accumulated over two decades, has allowed it to develop comprehensive and tailored solutions for time management and staff scheduling. Octime's product portfolio offers scalable and progressive features, empowering HR departments with the necessary tools to efficiently manage planning, schedules, and absences.
Octime's AI and ML capabilities deliver intelligent insights and optimization, further streamlining workforce management processes. The seamless integration with various payroll systems enables a smooth transition for HR departments, eliminating silos and enhancing overall operational efficiency.
Octime Recent Developments
Octime has demonstrated remarkable progress in consolidating its market position and diversifying its range of services. The company has taken significant steps forward in fortifying its standing within the industry and broadening its portfolio to meet the evolving needs of its clients. Through its unwavering commitment to innovation and leveraging its extensive experience of over two decades, Octime has successfully positioned itself as a leading force in the field of planning and managing working time.
Octime Mergers and acquisitions (M&A) Activities
In 2022, Octime continued its external growth strategy with the acquisition of the Spanish aTurnos. This other ATM specialist is strengthening its constrained planning and automation capabilities but also its presence on the Spanish and South American market, where Octime is already present with its subsidiary Grupo Spec. This acquisition follows that of LibMed in 2021, which allowed it to confirm its expertise in the field of health and medico-social. Its Staffelio replacement management and optimization platform has since been integrated into Octime.
Octime Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Octime 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 Octime 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 OCTIME customers.
Octime Overview
Ownership: - x
Number of Employees: 270
Functional Market: Absence and Leave Management, Workforce Analytics, Scheduling, Time and Attendance, Core HR, Performance Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Octime Key Cloud and HCM Applications
OCTIME
Octime 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.
Octime Revenue Breakdown by Type:
Octime 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 | |
Octime HCM Applications Revenues By Verticals, $M:
Octime 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 |
Octime Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Octime Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Octime Customers
No. of Octime Customers: 2600
No. of Octime HCM Applications Customers: 2600
No. of Octime Cloud HCM Customers: x
No. of Octime Cloud HCM Subscribers: 1300000
In 2020, Octime successfully onboarded 206 new customers, following a similar trend in 2019, where they acquired over 210 customers. Notable references among Octime's customers include Docaposte, Elsan, GrandOptical, Groupe Aesio, IBM, Nord le Department, Ramsay Sante, ACPPA Groupe, Euro Kera, and Fondation Hospitaliere Sainte-Marie. Octime's broad customer base, spanning various sectors, highlights the versatility and effectiveness of its time management software.
Octime Market Opportunities, M&A and Geo Expansions
As the demand for cloud-based HR solutions grows, this presents Octime with an opportunity to capitalize on the shift towards Software-as-a-Service (SaaS) models. Furthermore, the increasing adoption of IoT devices in the workplace creates avenues for Octime to offer innovative solutions that leverage real-time data for enhanced workforce planning and optimization.
Octime's software is particularly relevant in the retail sector, where efficient time management and adaptability are crucial. Expanding into new regions and markets also offers untapped growth potential for Octime.
Octime Risks and Challenges
The heavy reliance on hardware and professional services poses a potential risk for Octime, resulting in a challenge and competitive disadvantage. This emphasis limits Octime's adaptability to meet the increasing demand for cloud-based solutions and Software-as-a-Service (SaaS) models, potentially hindering its scalability and agility in a fast-paced market.
Octime Ecosystem, Partners, Resellers and SI
Octime recognizes the significance of technology integrations and ecosystem partnerships to deliver comprehensive solutions to its customers. The company's software seamlessly integrates with various HR software systems, including Cegid, Sage, ADP, Alfa, Ciril, In Extenso Social, EIG, Sigma, Nov RH, SAP, SOPRA, HR-ACCESS, GXP, PWC, EPaye, Silae, SD Works, Cegedim, Talentia Software, Meta 4, Sedit Marianne, CPage, Agirh, Prios, Agfa, JVS, among others.
Furthermore, Octime collaborates closely with key pay providers, such as In Extenso Social, PWC, Grant Thornton, Payroll & HR, Nibelis (ex: Better Management), ensuring a streamlined and efficient payroll process. Octime's network effects are enhanced through system integrators and value-added resellers, fostering a robust ecosystem that delivers end-to-end workforce management solutions.
Octime Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Octime Public Cloud and Infrastructure (IaaS)
- Octime Platform (PaaS)
- Octime Application Delivery
- Octime 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
