symmetrical.ai Strengths, Domain Expertise, and Key Differentiators
Symmetrical.ai distinguishes itself through its AI-driven payroll management solutions, which empower employers to access, analyze, and manage salary data effectively. By leveraging sophisticated AI algorithms, Symmetrical delivers accurate payroll processing, reducing errors and enhancing overall efficiency.
With a dedicated focus on payroll technology, Symmetrical.ai has accumulated deep domain expertise in understanding and addressing the specific challenges faced by employers. This expertise allows the company to provide tailored solutions that cater to the unique requirements of various industries and organizations.
Symmetrical.ai offers an API-based platform that enables managers to approve salaries for both domestic and international employees. Additionally, the platform facilitates deductions, ad hoc payments, and seamless integration with various systems of record, streamlining payroll processes for businesses of all sizes.
symmetrical.ai Recent Developments
In April 2022, Symmetrical.ai successfully secured $18.5 million in financing through a funding round led by Target Global, with participation from Global Founders Capital, Finch Capital, Partech, Market One Capital, and Inovo. This injection of capital will fuel Symmetrical's expansion into new European markets and facilitate onboarding enterprise clients. With a focus on providing innovative payroll management tools, Symmetrical.ai has experienced steady revenue growth, aligning with the broader HR software industry, which received over $12.3 billion in venture capital investments last year.
symmetrical.ai Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying symmetrical.ai 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 symmetrical.ai 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 Symmetrical Payroll customers.
symmetrical.ai Overview
Ownership: - x
Number of Employees: 65
Functional Market: Payroll,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
symmetrical.ai Key Cloud and HCM Applications
Symmetrical Payroll
symmetrical.ai 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.
symmetrical.ai Revenue Breakdown by Type:
symmetrical.ai 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 | |
symmetrical.ai HCM Applications Revenues By Verticals, $M:
symmetrical.ai 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 |
symmetrical.ai Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
symmetrical.ai Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified symmetrical.ai Customers
No. of symmetrical.ai Customers: 50
No. of symmetrical.ai HCM Applications Customers: 50
No. of symmetrical.ai Cloud HCM Customers: x
No. of symmetrical.ai Cloud HCM Subscribers: x
Symmetrical.ai boasts an impressive customer base, with over 50 companies relying on its payroll management solutions. The company's customer-centric approach has garnered trust and loyalty from organizations seeking advanced payroll tools. Symmetrical's reference customer wins serve as a testament to its commitment to delivering value and driving customer success. With its expansion plans, the company aims to onboard a diverse range of enterprise clients across Europe.
symmetrical.ai Market Opportunities, M&A and Geo Expansions
The HR software industry presents immense growth opportunities, driven by the increasing demand for efficient payroll management solutions. Symmetrical.ai, with its advanced AI features, is well-positioned to capture a significant share of this market, offering innovative and intuitive solutions that enhance productivity and accuracy.
Symmetrical's expansion into new European markets will enable it to tap into specific verticals such as healthcare, retail, technology, and finance. These industries often face complex payroll challenges, and Symmetrical's tailored solutions can effectively address their unique requirements, unlocking new business opportunities.
symmetrical.ai Risks and Challenges
a) Internal Risks: As a relatively new company, Symmetrical.ai must contend with competition from established vendors such as Payfit, SeamlessHR, Papaya Global, and Everee. Ensuring continuous innovation, timely product updates, and effective marketing strategies will be critical to maintaining a competitive edge.
b) External Risks and Go-to-Market Challenges: Entering new European markets can present regulatory, cultural, and market-specific challenges. Symmetrical.ai needs to adapt its offerings to comply with local regulations, build brand awareness, and establish strategic partnerships to navigate these external risks successfully.
symmetrical.ai Ecosystem, Partners, Resellers and SI
Symmetrical.ai has fostered strong technology integrations and ecosystem partnerships, augmenting its offerings and creating network effects. The company integrates with renowned vendors such as SAP, Workday, Sage, BambooHR, Xero, QuickBooks, UKG, Greenhouse, and more. These integrations provide customers with seamless connectivity between payroll management and other HR systems, enabling streamlined workflows and enhanced data accuracy. Collaborating with system integrators and value-added resellers further expands Symmetrical's reach, offering customers a comprehensive ecosystem of complementary solutions.
symmetrical.ai Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- symmetrical.ai Public Cloud and Infrastructure (IaaS)
- symmetrical.ai Platform (PaaS)
- symmetrical.ai Application Delivery
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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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