PrismHR Strengths, Domain Expertise, and Key Differentiators
The PrismHR cloud focuses on selling comprehensive HR software for the HRO and PEO industries. The PrismHR platform provides a full range of integrated capabilities, including payroll processing, benefits, and human resources administration, billing, new hire onboarding, benefits enrollment, and self-service.
PrismHR Recent Developments
In June 2019, at the annual PrismHR LIVE conference, PrismHR unveiled significant enhancements to its platform and product portfolio, including New reporting tools: Report Center, which provides HR service providers with greater flexibility and access to data, improved data granularity, and greater insight into business and employee data New PrismHR Talent Management solutions: Sophisticated, easy to use tools and applications for HR professionals to quickly and efficiently find, hire and retain top talent An enhanced user experience: Improved user experience across onboarding and benefits enrollment, including a new, improved user interface designed to provide a more consistent user experience New and improved customer support initiatives: A redesigned Customer Resource Center (CRC) with a new look and feel, an expanded knowledge base, easier self-service, and a new online customer community.
PrismHR Mergers and acquisitions (M&A) Activities
In April 2019, PrismHR has acquired AgileHR and its full suite of talent management solutions, more than two months after AgileHR's performance management solution was integrated with its HR platform and available through the PrismHR Marketplace product offering. The acquisition of AgileHR and the addition of its talent management solutions to PrismHR’s portfolio of HR software products demonstrates the company’s commitment to providing its HRO customers with a wide range of best-of-breed solutions for their SMB clients.
PrismHR Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PrismHR 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 PrismHR 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 PrismHR, customers.
PrismHR Overview
Ownership: - x
Number of Employees: 200
Functional Market: Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Onboarding, Recruiting, Applicant Tracking Systems, Performance and Goal Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
PrismHR Key Cloud and HCM Applications
PrismHR,
PrismHR HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2019 | 2020 | 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.
PrismHR 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% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
PrismHR HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2020 HCM Revenues, By Sub-Functional Markets, $M | |
PrismHR HCM Applications Revenues By Verticals, $M:
PrismHR Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2020 Total Revenues, $M | 2020 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
PrismHR Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
PrismHR Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified PrismHR Customers
No. of PrismHR Customers: 88000
No. of PrismHR HCM Applications Customers: 88000
No. of PrismHR Cloud HCM Customers: x
No. of PrismHR Cloud HCM Subscribers: 2200000
PrismHR powers more than 88,000 organizations, delivering payroll, benefits, and HR to more than 2.2 million worksite employees annually and processing greater than $57 billion in payroll each year.
PrismHR Market Opportunities, M&A and Geo Expansions
PrismHR partnered with STChealth to offer its Return To Work (RTW) solutions to PrismHR’s service provider network and their small business clients. STChealth’s Strategic Actions for Employers Return to Work (SAFE RTW) solution provides a comprehensive suite of digital tools and services designed to help employers effectively and efficiently bring employees back to work after being furloughed due to the COVID-19 pandemic.
In April 2019, PrismHR has acquired AgileHR and its full suite of talent management solutions, more than two months after AgileHR's performance management solution was integrated with its HR platform and available through the PrismHR Marketplace product offering. The acquisition of AgileHR and the addition of its talent management solutions to PrismHR’s portfolio of HR software products demonstrates the company’s commitment to providing its HRO customers with a wide range of best-of-breed solutions for their SMB clients.
PrismHR Risks and Challenges
With constant churns in the channel, PrismHR needs to sweeten the pot in order to drive better sell-throughs when partnering with its service provider partners.
PrismHR Ecosystem, Partners, Resellers and SI
In February 2021 ClearCompany and PrismHR formed a partnership to improve employee engagement and retention. ClearCompany’s Performance Management and Employee Engagement suites have been integrated with the PrismHR platform and the platform is now available to PrismHR service providers and their small-business customers.
PrismHR partnered with Doctegrity to provide 24/7/365 telemedicine services to its network of HR service providers and their small business customers nationwide. PrismHR service provider partners can offer Doctegrity’s industry-leading telemedicine services in addition to existing healthcare plans, which often don’t cover telemedicine or charge co-pays, to their employees, including those working part-time.
In 2020 PrismHR partnered with Payroll Funding that can deliver fast access to financial resources for PrismHR’s nationwide network of HR service providers and their small business clients.
PrismHR has a partnership with Compass Consulting Group, EPAY Systems Time & Labor, EverythingBenefits, FinFit, Workcycles, JazzHR, JuvodHR, MasterTax, McHenry Consulting and others.
PrismHR Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- PrismHR Public Cloud and Infrastructure (IaaS)
- PrismHR Platform (PaaS)
- PrismHR Application Delivery
- PrismHR 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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