- Major Studies
Leaders: ADP, Oracle, SAP, Ultimate Software, Workday
Innovators: Ceridian, Infor, Ramco
Disruptors: Cornerstone, Microsoft
Challengers: Paycom, Paylocity
Figure 1 from the full report illustrates these categories:
“The COVID-19 pandemic is putting pressure on CHROs to optimize cost, enhance productivity, and improve employee experience. This has warranted the need for comprehensive digital transformation of the HR function,” said Avasant Research Leader Saurabh Verma. “Deploying an HCM suite is one of the most effective ways to transform HR operations. With HCM vendors integrating OCR, NLP, ML, RPA, and advanced analytics and offering pre-built connectors and bolt-on apps, organizations can meet their immediate objectives and also be ready for future challenges.”
Key findings from the report include:
COVID-19 has prompted enterprises to accelerate adoption of HCM suites, upping the deployment rate.
Modularization of HCM function and rich availability of connectors have sped-up enterprise adoption.
Evolution of marketplaces with ready-to-deploy applications has enhanced capabilities of HCM suites.
Product evolution and low initial set-up cost models are driving proliferation of HCM suites in the SMB segment.
HCM suite vendors are increasingly deploying RPA via acquisitions, partnerships, and in-house development.
HCM suite vendors are integrating AI capabilities to automate complex processes
The full report also features detailed RadarView profiles of the 12 HCM suite vendors, along with their solutions, offerings, experience in deploying financial management solutions.
This Research Byte is a brief overview of the Human Capital Management Suites 2020 RadarView report (click for pricing).