Payworks Inc. Strengths, Domain Expertise, and Key Differentiators
Payworks is an expert in the field of total workforce management solutions, providing cloud-based Payroll, Human Resources, Employee Time and Absence Management to more than 20,000 businesses across Canada. Payworks deliver a differentiated experience through their personalized service and innovative cloud-based solutions. Committed to integrity, trust, and accountability, they are dedicated to being a company where its employees are proud to work and their clients and strategic partners are proud to do business.
Payworks Inc. Recent Developments
In January 2020, Payworks launched a new product offering for clients looking for practical human resources, legal and financial guidance and support from industry experts. HR Advisory Services is offered in partnership with Arete HR Inc., who have been dedicated to improving the well-being of Canadians through employee and business assistance programs for over a decade.
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: 350
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Applicant Tracking Systems, Performance and Goal Management, Compensation Management,
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,
Payworks Inc. Key Cloud and HCM Applications
Payworks Inc. 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.
Payworks Inc. Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Payworks Inc. HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
Payworks Inc. HCM Applications Revenues By Verticals, $M:
Payworks Inc. Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
Payworks Inc. Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Payworks Inc. Customers - Breakdown by Geo, Size, Vertical and Product
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
Payworks is proud to have reached the milestone of 20,000 customers in 2019. Payworks has identified 20 clients from across Canada that will be highlighted on Payworks’ social media pages over the next 20 weeks. Each one of its featured clients will be gifted with a service fee credit and with an opportunity to help Payworks pay its success forward via a donation from Payworks to the client’s charity of choice. Payworks’ growth is due largely to a unique personalized service experience.
Since its inception in 2001, Payworks has treated each customer engagement as an opportunity to build a long-standing service relationship and continues to put its customers, employees, and communities first. Payworks customers are Johnny, Jak's Restaurant Ltd, MC College, Lone Star Texas Grill, Landmark Global, Side Street Studio, Statoil Canada, MF1 Marketing, Piatto Pizzaria, Enoteca, Discount Car, and Truck Rentals Ltd.
Payworks Inc. Market Opportunities, M&A and Geo Expansions
In January 2020, Payworks sigh a partnership as a Program Provider with Retail Council of Canada (RCC), The Voice of Retail in Canada since 1963. RCC members will benefit from preferred pricing when they choose Payworks for payroll solutions. Also, Payworks sign a partnership with Arete HR Inc. on upcoming initiatives designed to benefit Canadian business owners, managers and their employees.
In June 2018, Payworks launched Workforce Analytics. Analytics is a powerful new solution created by Payworks that enables users to evaluate their organization’s performance at a glance and transform their workforce data into true business intelligence. The tool allows users to discover trends and anomalies by combining consolidated information across all Payworks modules and utilizing filters to manipulate information.
Payworks Inc. Risks and Challenges
The branding of Payworks may need some reworking if it plans to expand beyond the Canadian market.
Payworks Inc. Ecosystem, Partners, Resellers and SI
Payworks' s strategic partners are innovators and leaders in their fields. They strive to earn their strategic partners' trust and are very particular about who we partner with. As a national service provider, Payworks partners with the Canadian Federation of Independent Business, Maximum Benefit, Chambers Plan, Retail Council of Canada, Arete HR, Meridian, Conexus Credit Union, Paychex, Bullfrog Power and CDK Global.
Payworks Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Payworks Inc. 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).
For additional information on our methodologies, here's the link:
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