Vendor Analysis
published on Aug 20, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Neeyamo's offerings and capabilities as a provider of global employer of record services
Who is this Report for:
NelsonHall’s Global EOR profile on Neeyamo is a comprehensive assessment of Neeyamo’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Neeyamo and identifying vendor suitability for Global EOR RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Global EOR sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Neeyamo’s Global EOR offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, 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:
Headquartered in Chennai, India, and its principal office in California, Neeyamo is a global payroll and EOR solutions provider. The company was founded in 2009 to address gaps in HR technology and service delivery, including global payroll, HR compliance, and operational HR technologies in under-represented geographies and markets where the more significant international payroll service organizations had limited presence or capability.
Neeyamo began delivering multi-process HR services in 2009, initially focusing on mid-market organizations and later expanding its focus to include large multinational firms. In 2012, Neeyamo began providing Cloud HR Transformation Services, focusing on Workday, Oracle, and SAP SuccessFactors system implementation, support, enhancements, and platform upgrades.
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 EOR services for ~33 clients and ~400 active employees. The company delivers EOR services in ~60 countries and operates eight delivery centers in India, Egypt, Mexico, and the Philippines.
Neeyamo offers a technology-first approach to HR outsourcing, supporting firms seeking compliant, managed global payroll and EOR services.