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isolved - Payroll Services
Vendor Analysis
published on Aug 09, 2024
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Report Overview:
This NelsonHall vendor assessment analyzes isolved's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on isolved is a comprehensive assessment of isolved’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 isolved’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:
isolved is a provider of human capital management (HCM), workforce management (WFM), and employee experience (EX) technology and associated services targeting small-to-medium-sized businesses (SMB) and mid-market organizations. It is dedicated to the North American market. It has five core offerings:
- HCM software, a proprietary multi-tenant cloud platform called isolved People Cloud
- Managed payroll services
- Managed HR services
- Managed Benefits Administration services
- Professional services that include optimization.
The isolved People Cloud platform supports payrolls for ~7m client employees and ~177k U.S.-based small and medium-sized employers across all products. It processes ~$119bn of payroll and taxes for ~3.2m client employees annually. All of its payroll service clients purchase the foundation of isolved People Cloud. It has ~2.4k employees, of which ~570 are dedicated to supporting the payroll. This profile focuses on isolved's payroll services.