DEBUG: PAGE=domain, TITLE=Healthcare Payer,ID=1444,TEMPLATE=subprogram
toggle expanded view
programcode = HAIHPA
programid = 163
database = t
alerts = t
neat = t
vendors = t
forecasting = t
confidence = f
definitions = t

Search within: Healthcare Payer:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Healthcare Payer

Track the pattern of service adoption by monitoring Healthcare Payer contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = f -- IGNORED

Neeyamo - Payroll Services 2023

Vendor Analysis

by Elizabeth Rennie

published on Aug 31, 2023

Access to this report is restricted to logged in clients with access. Login to get full access

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 locations.

Key Findings & Highlights:

Neeyamo, founded in 2009 and headquartered in Chennai, India, with its principal office in California, U.S. is a technology-enabled global payroll and EOR solutions provider with an emphasis on serving the long-tail countries of multinationals, with payroll service coverage across 160 countries.

Neeyamo business supports ~400 clients in ~160 countries and is organized into two service lines (with an approximate share of revenue):

  • Global managed payroll services and global payroll technology

-    Payroll services (85%)

-    HR outsourcing (15%), as an add-on offering for payroll clients

  • Employer of Record (launched June 2022).

Since its inception, Neeyamo has developed proprietary tools to enable its HR services, dedicating ~25% of its annual revenues toward R&D efforts through its wholly-owned subsidiary, NeeyamoWorks, which manages all technical development for enabling its HR service delivery.

Neeyamo supports payroll for ~160 countries, where currently, ~80 country payrolls' gross-to-net is processed by its single global engine, Neeyamo Payroll. The additional countries are supported via payroll service partners - through the same platform providing a unified global user experience. Neeyamo has been heavily investing in adding payrolls into its global payroll engine and aims to support ~115 countries within its native global engine by the end of 2023. Today, its delivery team spans ~90 countries with its offices in 32 countries and ~1.5k employees dedicated to payroll.

Login to get full access:

close