Selerix Systems Strengths, Domain Expertise, and Key Differentiators
Trusted by more than 18,000 employers and 7 million employees, Selerix Systems produces software (BenSelect) utilized by employers, brokers & carriers to facilitate benefit administration, enrollment, communication, and the Affordable Care Act (ACA) reporting tools. The industry-leading flexibility of the BenSelect platform accommodates both core and voluntary insurance products with ease. The software is licensed and used by carriers, brokers, and employers.
Selerix Systems Recent Developments
In October 2019 Selerix Systems, introduced Selerix Engage, the newest product from Selerix that lets employers systematically engage their workforce throughout the year. Selerix Engage is expected to launch in early 2020. Leveraging the extensive demographic and benefit information managed by the ben admin system, Selerix Engage will connect employers to employees using intuitive audience targeting, text messaging, scheduled campaigns, surveys, and real-time performance indicators. Mobile access for employees is assured since employees have the option of downloading the mobile app to their device or simply using the cloud-based app.
Selerix Systems Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Selerix Systems 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 Selerix Systems 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 Selerix BenSelect, Selerix ACA, Selerix BenefitAgent, Selerix Engage customers.
Selerix Systems Overview
Ownership: - x
Number of Employees: 100
Functional Market: Benefits Administration,
Selerix Systems Key Cloud and HCM Applications
Selerix BenSelect, Selerix ACA, Selerix BenefitAgent, Selerix Engage
Selerix Systems 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.
Selerix Systems 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%|
Selerix Systems HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Selerix Systems HCM Applications Revenues By Verticals, $M:
Selerix Systems Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
Selerix Systems Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Selerix Systems Customers - Breakdown by Geo, Size, Vertical and Product
No. of Selerix Systems Customers: 19000
No. of Selerix Systems HCM Applications Customers: x
No. of Selerix Systems Cloud HCM Customers: x
No. of Selerix Systems Cloud HCM Subscribers: 7.5 million
Selerix's solution is trusted by organizations across a variety of industries, including healthcare, education, transportation/logistics, state and local government, non-profit, high technology, waste management, and retailing. Selerix`s approach is simple: Benefit Solutions, Simplified.
Selerix Systems Market Opportunities, M&A and Geo Expansions
In Octomber 2020, Selerix Systems released the availability of real-time API integration with HCM solutions provider, Paycor. This integration allows groups managing benefits on Selerix's BenSelect platform to seamlessly synchronize their data in real-time with Paycor's payroll software, replacing the traditional file-based data exchange process.
In August 2019 Selerix Systems made the general availability of real-time API integration with Paylocity. This integration allows groups managing benefits on Selerix`s BenSelect system to synchronize continuously with the payroll system, replacing the typical file-based data exchange process.
Selerix provides the API integration to customers at no additional charge. While enjoying a fully automated data synchronization process, users may optionally use the convenient Integration Dashboard to review and approve changes before they are committed to either system."
Selerix Systems Risks and Challenges
Millions of organizations are staggering under the reporting requirements imposed by the government around the Affordable Care Act.
Selerix Systems Ecosystem, Partners, Resellers and SI
Primarily direct sales.
Selerix Systems Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Selerix Systems Public Cloud and Infrastructure (IaaS)
- Selerix Systems Platform (PaaS)
- Selerix Systems Application Delivery
- Selerix Systems 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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