Vendor Analysis
published on Aug 28, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Neeyamo's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Neeyamo is a comprehensive assessment of Neeyamo’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Neeyamo’s Payroll Services offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Neeyamo is a global payroll and EOR solutions provider. Since its inception, Neeyamo has developed proprietary tools to enable its Global Payroll and Global Work solutions, dedicating ~25% of its annual revenues toward R&D efforts. Neeyamo provides payroll services for ~270 clients and ~1.2m active employees.
Neeyamo actively provides payroll support in ~145 countries, through its single global payroll platform, Neeyamo Payroll. In these countries, currently, ~115 country payroll is processed by Neeyamo’s native gross to net calculation engines. The additional countries are supported via payroll service partners, which provide a unified global user experience through the same platform. In May 2023, it launched Neeyamo Payroll 3.0, offering an upgrade of its product aimed at processing global payroll in less than five clicks.
Neeyamo’s delivery team spans ~80 countries, with its offices in 37countries and ~1.4k employees dedicated to payroll.