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AscentHR - Payroll Services

Vendor Analysis

by Elizabeth Rennie

published on Aug 12, 2024

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Report Overview:

This NelsonHall vendor assessment analyzes AscentHR's offerings and capabilities in Payroll Services

Who is this Report for:

NelsonHall’s Payroll Services profile on AscentHR is a comprehensive assessment of AscentHR’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 AscentHR’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:

Ascent Consulting Services Pvt. Ltd (AscentHR) is headquartered in Bangalore, India, offering HR services across 34 countries with a focus on the Asia-Pacific and Middle East regions. AscentHR started as a payroll services organization in 2003 and has since expanded with complementary HR services. Across all its business, it has ~850 clients. Its HR business offerings include:

  • HR consulting: strategy, organizational structure, succession planning, reward, competencies, leadership assessments, role analysis, policy formulation, appraisal, and performance consulting
  • HR, payroll technology, and outsourcing services:
    • HCM platform, StoHRM, covers HR processes from hiring to separation
    • Payroll engine, PowerPay, supporting 28 countries
    • Managed payroll services: reconciling payroll data, liabilities, managing remittances, wage deductions, record keeping, reporting taxes, notices, and inspections
    • Payment solutions, including card payment and digital wallet
    • Travel & Expense management, based on proprietary software (TripEx)
    • HR and payroll compliance management through its proprietary platform, Lexcare
    • Employee experience and feedback platform (SurveyBerry)
    • eLearning, AHR Academy, offering an LMS solution (SeekLMS)
  • Payroll and enterprise compliance
  • Corporate services
  • Financial wellness offering, through its JoFin acquisition in 2022, offering split payroll
  • Staffing solutions, with proprietary technology, Stafzy, delivered through Ascent Staffing Solutions Pvt. Ltd., a fully owned subsidiary of Ascent Consulting Services Pvt. Ltd.).

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