Vendor Analysis
published on Jun 23, 2022
Report Overview:
This NelsonHall vendor assessment analyzes Omnipresent’s offerings and capabilities as a provider of global employer of record services.
Who is this Report for:
NelsonHall’s Global Employer of Record Services profile on Omnipresent is a comprehensive assessment of the company’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of employer of record services 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 employer of record sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Omnipresent’s global employer of record service 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 delivery locations.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Omnipresent’s offerings and capabilities as a provider of global employer of record services.
Headquartered in London, UK, Omnipresent provides local employment compliance, payroll, human resource support, and benefits services. The company offers a SaaS solution, Omni Platform™, to support human resources and onboarding functions. In 2019, Matthew Wilson and Guenther Eisinger founded Omnipresent to enable clients to hire and manage workers internationally.
In August 2020, the company secured $2.0m through a seed funding round with Playfair Capital and Episode 1. This funding supported the global expansion and legal entity creation in 80 markets. The company secured an additional $15.8m in Series A funding during Early Stage Venture in January 2021 to enable the development of its technology-enabled OmniPlatform™ to support local contracts, tax contributions, and local & international benefits. Most recently, Omnipresent raised $120m in Series B funding from lead investors Tencent and Kinnevik in March 2022 to enrich its technology stack, enhance HR service offerings, and expand its global team.
Omnipresent’s global services are organized into the following service lines:
- Employer of Record
- Legal & Compliance
- Global Payroll Solutions
- Global Benefits & Healthcare
- HR Support
- Platform & Security.
Across its business, Omnipresent supports ~500 clients in ~92 countries. Omnipresent maintains the ability to provide its employer of record services in ~160 countries. The company uses a combination of established local entities with internal staff and third-party in-country legal, payroll, and accounting partners.