Selerix Systems Strengths, Domain Expertise, and Key Differentiators
Trusted by more than 21,000 employers and 13 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
Selerix Systems, introduced Selerix Engage, the newest product from Selerix that lets employers systematically engage their workforce throughout the year.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: 130
Functional Market: Benefits Administration,
Key Verticals: Automotive, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Professional Services, Retail, Transportation,
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 | 2022 | 2023 | YoY Growth, % |
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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.
Selerix Systems Revenue Breakdown by Type:
Selerix Systems 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 | |
Selerix Systems HCM Applications Revenues By Verticals, $M:
Selerix Systems Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Selerix Systems Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Selerix Systems Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Selerix Systems Customers
No. of Selerix Systems Customers: 21000
No. of Selerix Systems HCM Applications Customers: x
No. of Selerix Systems Cloud HCM Customers: x
No. of Selerix Systems Cloud HCM Subscribers: 12 Million
Selerix Systems has garnered a substantial and diverse customer base, establishing trust among organizations spanning various industries. The company's impressive roster boasts numerous clients in healthcare, education, transportation/logistics, state and local government, non-profit, high technology, waste management, and retailing sectors. Selerix's commitment to simplifying benefit solutions resonates with a broad range of clientele, positioning it as a go-to choice for those seeking streamlined and effective solutions in human resources and benefits management. Some Celerix Systems customers are Hope Healthcare, MVT Holdings, and Graham Health System.
Selerix Systems Market Opportunities, M&A and Geo Expansions
Selerix Systems, with its recent investment from NexPhase Capital, stands at the forefront of significant opportunities in the benefits administration and employee engagement software market. Its cloud-based software, recognized for scalability, flexibility, and integration capabilities, has garnered substantial traction among leading brokerage firms and insurance companies. With an annual administration of over $3 billion in voluntary benefits and $11 billion in medical, dental, and vision benefits, Selerix is poised to leverage its robust technology platform. Joel Killion's partner at NexPhase Capital's confidence in Selerix's scalable technology and the growing market for its industry-trusted software echoes the company's readiness to capitalize on the evolving benefits industry, where the integration of technology and service meets the dynamic demands of modern HR. This strategic investment by NexPhase Capital further underscores the shared vision of unlocking Selerix's numerous growth prospects in a rapidly transforming landscape.
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.
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
Selerix Systems faces a myriad of risks, both internal and external, compounded by formidable go-to-market challenges. One significant internal risk lies in the intricate landscape of compliance with government reporting requirements, particularly those mandated by the Affordable Care Act. Successfully mitigating these risks demands strategic foresight, agility, and a robust approach to addressing both internal and external factors.
Selerix Systems Ecosystem, Partners, Resellers and SI
Selerix Systems celebrated its ecosystem partnership with AdminaHealth, a prominent provider of premium billing solutions in the healthcare and insurance sector. This collaboration signifies a strategic alignment between two industry leaders, combining Selerix's cutting-edge benefit administration services with AdminaHealth's renowned Billing Suite. This integration empowers employers, brokers, and carriers utilizing Selerix to seamlessly incorporate AdminaHealth's premium billing services into their workflow. With the AdminaHealth Billing Suite, Selerix customers gain a powerful tool to streamline the reconciliation of carrier invoices, compare employee benefit premium payroll deductions, and generate consolidated monthly invoices for all coverages. This partnership not only showcases Selerix's commitment to providing a comprehensive and efficient benefits administration platform but also highlights the collaborative strength within its ecosystem, emphasizing the network effects of valuable partnerships with industry experts like AdminaHealth.
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
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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