ADP is a $7.3 billion company and the largest private company in the United States. ADP works with nearly every company in the market, regardless of size or industry. Making them competitors to just about every business on the face of the planet. In the report, you can find competitors and alternatives to this corporate giant.
#1. Oracle
- Founded: January 27, 1977
- Headquarters: Austin, Texas, United States
- Website: https://www.oracle.com/ca-en/index.html
Need To Know
A multinational technology company, Oracle Corporation (ORCL) creates and sells software products and services that meet the needs of its clients. In addition to Fusion Middleware, E-Business Suite, Oracle Linux, and Virtualization, Services Oriented Architecture, Applications Software, and Technology Services, the company offers a variety of products.
Aside from offering solutions, the firm also provides support, installation, and consulting services. The acquisitions have expanded Oracle’s product line significantly. Oracle’s Human Capital Management software, along with ERP, SCM, and other services, constitutes its software-as-a-service offering.
Oracle Software Delivery Cloud (Oracle Software Delivery Cloud) provides generic Oracle software and documentation for download. Oracle Cloud Platform or Platform as a Service, as it is currently known, is an Oracle offering. The Oracle Cloud Platform includes data management, application development, integration, content delivery, analytics, governance, and security functions.
Oracle proves to be more efficient at evaluation and contracting in comparison to ADP.
#2. UKG
- Founded: April 1, 2020
- Headquarters: Weston, Florida, United States
- Website: https://www.ukg.com/en-CA
Need To Know
UKG (Ultimate Kronos Group) is a significant interim in cloud-based human capital management systems. HR, payroll, analytics, and benefits administration are all part of the package.
Rather than services, recurring and license income accounted for 85 percent of the company’s revenue in 2017.
Approximately $770 million in earnings before interest, depreciation, and amortization will be generated by the Ultimate Kronos Group in 2020.
In a public announcement made on February 20, 2020, Ultimate Software announced that Kronos Incorporated has collaborated to launch a new cloud computing partnership focused on workforce management and human capital management.
With a market cap of $22 billion, the combined company would have competed with the largest cloud computing companies. With Aaron Ain’s arrival as the new company’s CEO, the merger became a reality on April 1, 2020. In addition to their impressive assets, they have offices in Lowell, Massachusetts, and Weston, Florida.
Earlier this year, the company announced it would take on the name Ultimate Khronos Group (UKG). On October 1, it was successfully adapted.
#3. SAP
- Founded: April 1, 1972.
- Headquarters: Walldorf, Germany
- Website: https://www.sap.com/canada/index.html
Need To Know
Enterprise resource planning (ERP) solutions are available through SAP SE (NYSE SAP). Systems for managing human resources, typically delivered via the cloud, are among their major contributions.
According to prognoses, more than 85 percent of overall revenue will come from cloud and software services by 2020. With revenues of €31.1 billion and a net income of €5.8 billion by 2020, SAP-SE has a market value of €143.6 billion as of March 19, 2021.
SAP also engages in outreach inside its own ranks.
In 2013, the company launched a hiring campaign for individuals with autism and Asperger’s syndrome, highlighting their underestimated ability to contribute to the industry.SAP aims to have 1% of its workforce comprising individuals with autism by 2020.
SAP’s main competitors are companies that sell enterprise resource planning software. SAP’s primary competitor in this area is Oracle Corporation. SAP also competes in the sectors of CRM, marketing, and sales software, as well as manufacturing, warehouse, and industrial software, and supply chain management and logistics software.
Oracle Corporation filed a malpractice and unfair competition case against SAP in California in 2007. In 2010, SAP was found guilty of copyright infringement and ordered to pay $1.3 billion in damages, which was touted as the world’s largest copyright infringement decision. The decision was overturned in 2011, and the case was finally settled.
#4. Ceridian
- Founded: 1992
- Headquarters: Minneapolis, Minnesota, United States
- Website: https://www.ceridian.com/
Need To Know
Ceridian HCM is a human resources software and services company based in the United States with workers in Canada, Europe, Australia, and Mauritius.
It is a firm that is listed on the New York Stock Exchange.
Ceridian is a worldwide human capital management software firm whose main product, Dayforce, serves over 3,000 customers with payroll, benefits, and workforce and talent management. The cloud-based platform is intended to make customers’ and their employees’ administrative tasks easier.
Ceridian was originally a publicly listed corporation and was a successor to Control Data Corp. It sold itself to affiliates of private equity companies Thomas H. Lee Partners and Cannae Holdings Inc. for $5.3 billion in 2007. In the years thereafter, it has reinvented itself around the Dayforce product, which Ceridian purchased in 2012.
Ceridian’s top owners, Thomas H. Lee Partners, and Cannae Investors LLC agreed to gain $100 million of common stock in the private placement, keeping their positions as Ceridian’s top owners and controlling around 80% of the company’s equity.
It is a noteworthy competitor to ADP because of its smooth system integration technology and deployment support.
#5. Paycor
- Founded: 1990
- Headquarters: Cincinnati, OH
- Website: https://www.paycor.com/
Need To Know
Paycor develops HR software for executives who want to make a difference in their organizations. From how you recruit, onboard, and train people to how you pay and keep them, it can all be accomplished with the Human Capital Management (HCM) platform. They cover every facet of people management. But its primary focus is on business executives that truly set them apart. They have been collaborating with leaders for 30 years.
They know what clients need: time-saving HR technology, sophisticated analytics that delivers actionable insights, and specialized HR support.
Over 40,000 medium and small businesses entrust Paycor with assisting them in overcoming obstacles and achieving their goals.
They make it easy to alter the payment process thanks to intelligent programming and an understanding of client needs. It has improved regarding efficiency and response time. It’s also useful for automating some HR procedures.
#6. Freshworks
- Founded: 2010,
- Headquarters: Chennai, India
- Website: https://www.freshworks.com/
Freshworks was founded in October 2010 by Girish Mathrubootham and Shan Krishnasamy. It was renamed Freshworks in 2017. India, the United Kingdom, Australia, and Germany are among the countries where the company operates.
According to Girish Mathrubootham, co-founder and CEO of Freshworks, the company’s initial public offering (IPO) resulted in a lot of money for its workers. He noted that over 500 of the company’s employees had become millionaires.
Freshworks raised new funding in November 2019 from notable investors such as Sequoia Capital, CapitalG, and Accel. The corporation was valued at $3.5 billion. The business has also received funding from Steadview Capital and Tiger Global Management.
Freshworks intends to use the proceeds from its IPO to purchase related businesses, goods, services, or technology. A portion of the money will be utilized for general company objectives such as working capital, operational expenses, and capital expenditures.
It is quite beneficial to customers in terms of scheduling calls and keeping track of hiring. It assists in the organization of feedback, and the mechanism it uses to do so is extremely intriguing. It facilitates the collaboration of all panel members on the hiring process and provides a high-quality output.
REFERENCES
- https://www.investopedia.com/articles/professionals/042416/adp-who-are-adps-main-competitors.asp
- https://technologyadvice.com/blog/human-resources/adp-competitors/
- https://fitsmallbusiness.com/adp-payroll-competitors/
- https://www.nerdwallet.com/article/small-business/adp-alternatives
- https://www.g2.com/products/adp-payroll-services/competitors/alternatives