Payworks Inc. Strengths, Domain Expertise, and Key Differentiators
Payworks stands out in total workforce management, delivering cloud-based solutions in Payroll, Human Resources, and Employee Time and Absence Management to over 20,000 businesses across Canada. The company's differentiators include personalized service, innovative cloud-based solutions, and a commitment to integrity, trust, and accountability.
Payworks Inc. Recent Developments
In January 2020, Payworks introduced a groundbreaking product – HR Advisory Services, providing clients with practical human resources, legal, and financial guidance. In partnership with Arete HR Inc., renowned for a decade of improving the well-being of Canadians, this move positions Payworks as an industry leader in comprehensive workforce solutions. Though specific revenue and profit data are undisclosed, Payworks showcases a commitment to innovation and client support.
Payworks Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Payworks Inc. 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 Payworks Inc. 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 Payworks customers.
Payworks Inc. Overview
Ownership: - x
Number of Employees: 500
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Applicant Tracking Systems, Performance Management, Compensation,
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,
Payworks Inc. Key Cloud and HCM Applications
Payworks
Payworks Inc. 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.
Payworks Inc. Revenue Breakdown by Type:
Payworks Inc. 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 | |
Payworks Inc. HCM Applications Revenues By Verticals, $M:
Payworks Inc. 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 |
Payworks Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Payworks Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Payworks Inc. Customers
No. of Payworks Inc. Customers: 20000
No. of Payworks Inc. HCM Applications Customers: 20000
No. of Payworks Inc. Cloud HCM Customers: x
No. of Payworks Inc. Cloud HCM Subscribers: x
With a notable milestone of 20,000 customers reached in 2019, Payworks has solidified its presence in the Canadian market. Recognizing and celebrating its clients, Payworks features 20 highlighted customers on social media, emphasizing its unique personalized service experience. Key clients include Johnny, Jak's Restaurant Ltd, MC College, and many others.
Payworks Inc. Market Opportunities, M&A and Geo Expansions
Opportunities for Payworks lie in both horizontal and vertical market expansion. The introduction of HR Advisory Services showcases a commitment to diversification. The partnership with the Retail Council of Canada (RCC) in January 2020 and ongoing initiatives with strategic partners like Arete HR Inc. position Payworks to capitalize on the evolving landscape of workforce management technologies.
Payworks Inc. Risks and Challenges
While Payworks has seen significant growth and success, the potential challenge lies in rebranding for global expansion. The company's branding may need refinement to cater to markets beyond Canada and ensure a cohesive global identity.
Payworks Inc. Ecosystem, Partners, Resellers and SI
Payworks boasts a robust ecosystem of strategic partnerships with innovators in their respective fields. Partnerships with entities like the Canadian Federation of Independent Business, Retail Council of Canada, and CDK Global enhance Payworks' offerings and contribute to network effects, ensuring a broader reach and impact within the industry.
Payworks Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Payworks Inc. Public Cloud and Infrastructure (IaaS)
- Payworks Inc. Platform (PaaS)
- Payworks Inc. Application Delivery
- Payworks Inc. 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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