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Namely - Next Generation HCM Technology 2021
Vendor Analysis
published on Jul 30, 2021
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Report Overview:
This NelsonHall assessment analyzes Namely's offerings and capabilities in Next Generation HCM Technology
Who is this Report for:
NelsonHall’s HCM technology profile on Namely is a comprehensive assessment of its offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of HCM technology platforms and identifying vendor suitability for RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the HR technology and services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Namely HCM Technology offering, 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 for key centers.
Key Findings & Highlights:
Namely, headquartered in New York, NY, is a provider of cloud-based HCM technology and services tailored for midsized (25 to 1k employees) companies.
The company was formed in 2012 as an HR solution provider focused on developing a next-generation "People Operations Platform" (HCM), specifically designed for the end-user, alongside key HR processes.
In August 2017, Namely expanded its HCM technology to include payroll, benefits, and time and attendance. In 2019, Namely began offering its Comply Advice and Action offering to help midsized companies maintain compliance with state and federal regulations and mitigate people-centric compliance risk. More Recently Namely launched a managed service offering to complement its platform, including managed payroll and benefits.
Namely leverages and offers its cloud HCM platform, which is built on a single database and delivered as a SaaS-based, multi-tenant solution. Although its current configuration primarily supports North American-based employees, it also supports global employees in ~30 countries (for core HR and talent only); ~20% of its current user base has an international presence. Namely offers its HCM technology as a separate technology-only offering where its Enhanced Services are not required.
Namely's HCM platform is comprised of the following modules and high-level functionality:
- Core HR
- Payroll
- Time and Attendance
- Benefits
- Performance Management
- Recruiting (enabled by JazzHR)
- Comply, Advice, and Action.
Namely exclusively targets its HCM technology and services offering toward small and midsized organizations headquartered in the U.S., with <1k employees.