StartupTalky

Tag: HRMS

  • Sayeed Anjum Shares How greytHR is Revolutionizing HR with Comprehensive Hire-to-Retire Solutions

    StartupTalky presents Recap’24, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2024 and discuss their vision for the future.

    As workplaces evolve, HR technology has become essential for simplifying operations and improving employee experiences. Leading this change is greytHR, an HRMS platform supporting over 27,000 businesses in 25+ countries. With a mission to provide a complete hire-to-retire HR solution, greytHR is helping HR professionals tackle modern challenges.

    In this edition of Recap’24, Sayeed Anjum, Co-founder and CTO of greytHR, shares greytHR’s journey, insights into the HRMS industry, and how the platform stays ahead with innovation. From key industry trends to customer success strategies, this interview is packed with lessons for SaaS founders and HR leaders.

    StartupTalky: What service does greytHR provide? What was the motivation/vision with which you started greytHR? 

    Mr. Anjum: greytHR is a full-suite HRMS platform offering comprehensive ‘Hire-to-Retire’ solutions for managing people operations. The platform simplifies every aspect of HR, including recruiting, onboarding, engaging, paying, appraising, retaining, and retiring employees ‒ all seamlessly integrated into a single solution.

    When we started greytHR, the vision was clear: to address the everyday challenges faced by HR professionals with a simple and scalable solution. Over time, this vision has evolved into a mission to create a global HR ecosystem that helps organizations build thriving, people-first workplaces. At greytHR, we believe businesses succeed when their people succeed, and everything we do is focused on enabling that success for our customers.

    Mr. Anjum: The HRMS industry has evolved significantly, shaped by the rise of remote work, shifting workplace models, and advancements in technology. Cloud-based platforms are now the norm, providing businesses with the flexibility to scale while ensuring security and compliance. HRMS tools have also become more employee-focused, offering mobile-first, self-service options that make it easier for employees to manage tasks on their own.

    One of the biggest changes has been the integration of AI, which is transforming how HR teams operate. From automating routine processes to offering predictive insights and personalized employee experiences, AI is helping businesses stay ahead.

    Looking ahead, the industry is expected to further embrace AI and machine learning, leading to hyper-personalized employee interactions and more intuitive self-service platforms. Furthermore, the integration of advanced people analytics will provide deeper insights into workforce trends, enabling organizations to make proactive decisions about talent management and development.

    In essence, the future of HRMS lies in its ability to combine advanced technology with a deep understanding of evolving workplace dynamics, fostering environments that are both efficient and employee-focused.

    StartupTalky: What key metrics do you track to monitor greytHR’s growth and performance?

    Mr. Anjum: As a SaaS company, we focus on metrics that reflect both business growth and customer success:

    Customer Metrics

    • Customer Growth: Serving 27,000+ customers in 25+ countries, we track acquisitions to measure market reach.
    • Net Promoter Score (NPS): Gauges customer loyalty and identifies improvement areas.
    • Customer Churn: Keeping churn low ensures we’re delivering ongoing value.

    Product Engagement

    • Active Users (DAU/MAU): Measures product usage and stickiness.
    • Mobile App Performance: Tracks downloads and in-app usage (1M+ downloads).

    Financial Metrics

    • Monthly Recurring Revenue (MRR): Tracks predictable revenue for scaling.
    • Annual Recurring Revenue (ARR): Monitors long-term financial health.

    Customer Support

    • Customer Satisfaction (CSAT): Currently 95%+ reflecting excellent support.
    • Response and Resolution Time: Ensures timely, effective problem-solving.

    By monitoring these metrics, we stay data-driven, focused on improving our product, and committed to delivering exceptional value to our customers.

    StartupTalky: What opportunities do you see for future growth in the HRMS industry, both in India and globally? 

    Mr. Anjum: The HRMS industry is witnessing significant growth, both in India and globally. In India, the market is expanding beyond metropolitan areas into Tier-I and Tier-II cities, with businesses actively seeking tools to streamline their people operations, ensure compliance, and boost productivity.

    At greytHR, we are proud to be trusted by over 27,000 businesses and to support more than 2.5 million users across 25+ countries.

    Our growth strategy is multi-faceted. Domestically, we aim to deepen our presence in cities across India. Globally, we are expanding our reach into Southeast Asia. Furthermore, we are well-equipped to support larger clients, including enterprises with over 1,000 employees, through our comprehensive full-suite HRMS. The future of HRMS is promising, and we are excited to be at the forefront of this transformation!

    Top HR Tech Trends to Watch in 2025
    Discover the top HR tech trends poised to revolutionize workplaces in 2025, including AI, automation, and employee experience innovations for smarter HR solutions.
    StartupTalkyVarun Bhardwaj

    StartupTalky: What new features have been added in 2024 to greytHR?

    Mr. Anjum: At greytHR, we focus on delivering value through an evolving ecosystem of accessible and cost-effective solutions. Over the past two years, we’ve introduced a variety of features and enhancements tailored to meet the diverse needs of businesses. Here are some of the key modules launched recently:

    • Performance Management System (PMS): A comprehensive module to manage employee goals, track progress, and conduct appraisals seamlessly.
    • greytHR Recruit: An all-in-one recruitment solution designed to streamline the hiring process.
    • Unite Marketplace: A hub for third-party apps, enabling businesses to integrate and expand their ecosystem effortlessly.
    • Pan-Aadhar Link Validation: Bulk validation of Pan-Aadhar link status for compliance needs.
    • Multiple Attendance Cycles: Enhanced management of varied attendance cycles within the organization.
    • Request Hub: An upgraded support ticketing system for efficient resolution tracking.
    • GTPro: A specialized solution to help Payroll Service Providers (PSPs) manage multiple clients effectively.

    StartupTalky: What are the unique selling points (USPs) of your HRMS? 

    Mr. Anjum: Our focus has always been on delivering a platform that is versatile, user-friendly, and future-ready. Here’s what makes greytHR stand out:

    1. Scalability: Whether you’re a team of 5 or 50,000, greytHR adapts effortlessly to your needs, making it suitable for organizations of any size.
    2. Compliance-Friendly: Our platform is designed to stay ahead of statutory requirements and changes, helping businesses remain compliant without effort.
    3. Comprehensive Coverage: greytHR handles every aspect of HR and payroll, from onboarding to offboarding, offering a truly all-inclusive solution.
    4. Mobile-First Design: Critical HR tasks can be performed on the go using the greytHR app, ensuring accessibility and convenience.
    5. Intuitive UX: With a user-friendly interface, greytHR is easy to navigate, even for those with low technical expertise.

    By combining innovation with a customer-first approach, greytHR continues to deliver solutions that simplify HR operations and empower businesses to focus on what they do best.

    StartupTalky: Customer success has become more important than ever. How do you ensure that your clients, particularly CHROs and CFOs, are engaged and satisfied?

    Mr. Anjum: Ensuring that CHROs and CFOs are engaged and satisfied starts with truly understanding their goals and challenges. A B2B HRMS needs to go beyond being a product ‒ it must deliver real, measurable value that aligns with their strategic priorities. At greytHR, we focus on being a partner that CHROs and CFOs can depend on to drive success. Here’s how we do it:

    1. Solve their biggest challenges: For CHROs, success often hinges on improving employee engagement, simplifying HR processes, and gaining better workforce insights. CFOs, on the other hand, prioritize controlling costs, ensuring compliance, and maintaining financial clarity. A great HRMS like greytHR tackles these challenges head-on by automating compliance, optimizing payroll, and providing data-driven workforce analytics that aligns with these priorities.
    2. Deliver an intuitive and reliable platform: HR platforms handle critical operations like payroll, compliance, and employee management. That’s why we ensure greytHR is easy to use and reliable, minimizing friction for both HR teams and employees. With a mobile-first design and self-service capabilities, we empower CHROs and CFOs to stay connected and informed — anytime, anywhere.
    3. Build a thriving customer success ecosystem: Engagement doesn’t end with implementation. We’ve built an entire ecosystem that includes a dedicated support team, community, and expert-led resources like training programs and webinars. Our webinar series, Parichay, invites CHROs from across industries to share best practices and expertise, creating a space for collaboration and learning. Similarly, our award-winning podcast series, greytFM, brings thought leaders together to inspire and educate HR professionals.

    StartupTalky: What are the different strategies you use for marketing greytHR? Tell us about any growth hack that you pulled off.

    Mr. Anjum: At greytHR, our marketing is rooted in the philosophy that the best marketing comes from delivering exceptional value. Our deep, feature-rich HRMS, coupled with robust compliance capabilities, ensures that our product becomes our strongest advocate. 

    We’ve created a vibrant HR ecosystem that goes beyond software. It includes greytFM, our award-winning podcast, where industry leaders share actionable insights, and Parichay webinars, led by CHROs and experts, to explore best practices. Through the greytHR Community, we connect HR professionals to share knowledge and collaborate. Our extensive compliance resources and tools further empower businesses to stay ahead of regulations with confidence.

    With platforms like greytHR Academy, offering training and certifications, we ensure our customers and prospects are equipped to succeed. This value-driven approach makes greytHR more than a product ‒ it’s a trusted partner dedicated to the growth and success of businesses.

    Parichay Webinar by greytHR

    StartupTalky: What advice would you give to other SaaS founders looking to build successful products in the HR tech space?

    Mr. Anjum: The HR tech space is an exciting domain to build in today because we’re not just creating tools — we’re shaping how people work, grow, and thrive. 

    The most successful products are those that are built with the customer at the center of everything they do. In the HR tech space, this means deeply understanding the evolving needs of HR professionals, employees, and organizations. 

    Start with trust. Whether it’s data security, compliance, or reliability, your customers need to know they can depend on you. Trust is the foundation of every great SaaS product, and in HR, where you’re handling sensitive employee data, it’s non-negotiable.

    Innovate relentlessly, but with purpose. Technology should be a force for good ‒ something that simplifies processes and enhances people’s lives. Focus on delivering solutions that not only solve today’s problems but also anticipate the challenges of tomorrow. AI, automation, and analytics are powerful tools, but their true value lies in how they empower people.

    Finally, adaptability is key. The tech landscape is constantly changing. What works today might need to evolve tomorrow. Therefore, stay curious, listen to your users, and be ready to adapt when necessary.

    Explore more Recap’24 Interviews here.

  • Top 10 HRMS Tools in the Market for Human Resource Management in 2023

    The Human Resource Management System (HRMS) is a comprehensive tool designed to streamline various activities related to human resources, which would otherwise have to be managed manually.

    Are you still doing HR manually? HRMS Software will astound you!

    The HRMS tool can help managers save time by automating and handling a number of tasks related to human resources, such as tracking employee attendance, managing payroll, and performance reviews. In addition, the HRMS can also help managers keep track of employee compliance with company policies and procedures.

    Benefits of HRMS Tools:
    Points to Consider While Choosing an HRMS Tool for Your Organization
    Top 10 HRMS Tools in the Market

    Benefits of HRMS Tools:

    1. Reduced administrative load through automated payroll and benefits administration
    2. Increased employee output
    3. Improved coordination among workers and with HR personnel
    4. Improved adherence to government regulations

    Points to Consider While Choosing an HRMS Tool for Your Organization

    • Ease of use: This measures how easy it is to use the tool, both for administrators and employees. Factors like intuitive design and user-friendly features are considered.
    • Functionality: This looks at how well the tool meets the needs of HR professionals. It takes into account features like payroll integration and performance management.
    • Support: This assesses the quality of customer support offered by the company. It includes factors like response time and knowledge base quality.
    • Scalability and Flexibility: There has to be different modules and packages for different size of organizations. Also, there needs to be scope for growth because your HR demands are likely to develop and extend over time, it’s critical to choose a software solution that can scale with your firm.
    • Price: Price is a major point of analysis for any software. The price must justify the offerings.

    Top 10 HRMS Tools in the Market

    When it comes to HRMS tools, there are a lot of different options out there. So, how do you know which one is right for your business? To help you take the best decision, we’ve put together a list of the top 10 HRMS tools:

    Monday.com

    Industry Expertise: Designed for financial, real estate, non-profit, electronics, media, and entertainment sectors. Caters to companies of all sizes.
    Platforms ios, Linux, and Windows
    Deployment Cloud

    Monday.com- HRMS Tools in the Market for Human Resource Management
    Monday.com- HRMS Tools in the Market for Human Resource Management

    The best HRMS solution for customizing HR processes and workflows.

    The software includes drag-and-drop columns and automation widgets to assist in the creation of visual dashboards, as well as several configurable themes.

    Organizations may adapt it to manage projects, tasks, people, ad campaigns, bug tracking, CRM, customer projects, and more. Mobile devices are used to track project statuses off-site. It interfaces with Microsoft Teams, Slack, Adobe Creative Cloud, and other services.

    Pros:

    1. Custom dashboards are updated automatically
    2. Enterprise-grade security with HIPAA certification
    3. Customizable and scalable workflows

    Cons:

    1. Certain features only available in the enterprise package
    2. The mobile app isn’t as fully functional as the web
    3. Implementation processes can be time-consuming.
    4. Doesn’t offer advanced communication capabilities.

    Rating and Reviews: 92% of customers would recommend this product.

    Review Platform Rating Reviews
    G2.com 4.8 3892
    FinanceOnline 4.7 25
    Capterra Inc 4.6 2578
    Granter Inc 4.4 162
    Trust Radius 4.3 2307

    Rippling

    Industry Expertise: Rippling is applicable to any business and has already benefited organizations in IT, insurance, automotive, food & drinks, entertainment, and retail.
    Platforms ios, Linux, and Windows
    Deployment Cloud and In-premise

    RIPPLING- HRMS Tools in the Market for Human Resource Management
    RIPPLING- HRMS Tools in the Market for Human Resource Management

    Rippling is the ideal HR management software for everything from onboarding to offboarding. Rippling is the leading choice for HR management because of its relaxing style and excellent user experience.

    The features of the software include generating custom reports and graphs, managing digital documents, tracking time spent on tasks, automatic tax filings, seamless integration, approving workflows, and providing access to the appropriate resources. It also enables users to automate administrative processes like onboarding new hires and offboarding employees.

    Pros:

    1. Employee management platform including PEO services, as well as a suite of other IT solutions
    2. With 500 integrations, there’s a good chance they’ll integrate with other key tools in your tech stack.

    Cons:

    1. Small and medium business based; does not suit large enterprises
    2. In some cases, you won’t be able to use whatever benefit carriers you like and will have to choose from their partner ecosystem.
    3. Only administrators have access to the payroll calendar.

    Rating and Reviews: 97% of the users would recommend this product.

    Review Platform Rating Reviews
    G2.com 4.9 1154
    Capterra Inc 4.9 1354
    Trust Radius 4.4 420

    BambooHR

    Industry Expertise: Available globally across all industries.
    Platforms Ios, Linux, and Windows
    Deployment Cloud and In-premise

    BambooHR- HRMS Tools in the Market for Human Resource Management
    BambooHR- HRMS Tools in the Market for Human Resource Management

    BambooHR, which was founded in 2008, is a well-known HRIS in the global industry. The software is best suited for small and medium-sized businesses and has already built a presence in over 100 countries. BambooHR’s subscription model is month-to-month, with no commitments. The price is paid based on the number of active employees in an office with a one-time setup cost. The platform offers a good user interface and excellent customer support service.

    BambooHR, one of the most well-known names in HR software, is a versatile, user-friendly, and dependable HRMS with a plethora of capabilities. These include an ATS,  performance management, and a variety of other services.

    Pros:

    1. They offer flexible packaging and custom pricing to fit your unique business needs. You can choose one or two packages and add other modules as needed.
    2. This tool is simple and easy to use – perfect for those who need a quick and straightforward solution.
    3. Excellent UI/UX design

    Cons:

    1. Payroll is not available.
    2. Some modules like time tracking, performance management, and surveys are only available as add-ons.
    3. Customer support is only offered during US business hours.

    Rating and Reviews: 90% of the users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.4 1048
    Finance Online 5.0 38
    Capterra Inc 4.6 1589
    Granter Inc 4.6 272
    Trust Radius 4.3 228

    ADP Workforce Now

    Industry Expertise: Suitable for midsized and enterprise organizations with 50 employees or more.
    Platforms ios, Linux, and Windows
    Deployment Cloud and In-premise

    ADP Workforce Now- HRMS Tools in the Market for Human Resource Management
    ADP Workforce Now- HRMS Tools in the Market for Human Resource Management

    ADP Workforce Now is a cloud-based HR solution that provides HR teams with the ability to manage their workforce. Workforce Now allows HR teams to better manage their workforce by providing an integrated system for managing payroll, benefits, compliance, and talent management. The software can be accessed through a mobile device and it also provides companies with flexibility in which team members will access it. Physical security, intelligent detection, fraud defense, and other systems for better security and data privacy are built in.

    Pros:

    1. It has various features not provided in other software like Talent management, administration, learning management, and more!
    2. Digital Data Recording
    3. ADP data cloud and ADP stand out are additional features
    4. Helps in tax filings

    Cons:

    1. Not cost-effective for mid and small-sized businesses.
    2. Lacks robust reporting functionality.
    3. Customer service requires improvement.
    4. Doesn’t allow users to track job applications.
    5. No on-premise installation.

    Rating and Reviews: 85% of users would recommend this product.

    Review Platform Rating Reviews
    G2.com 4.1 3109
    Finance Online 5.0 19
    Capterra Inc 4.4 5734
    Granter Inc 4.4 358
    Trust Radius 4.0 1769

    Gusto

    Industry Expertise: Services globally in industries such as accounting, architecture, fitness, manufacturing, marketing, new businesses, retail, technology, and more.
    Platforms ios, Linux, and Windows
    Deployment Cloud

    Gusto- HRMS Tools in the Market for Human Resource Management
    Gusto- HRMS Tools in the Market for Human Resource Management

    Gusto is an excellent online HR software for small businesses that makes managing HR workflows a breeze. It has all the key HR functions to ensure employee satisfaction is always the top priority, making it perfect for small businesses that have limited resources.

    The product offers features such as compensation management, employee onboarding, a self-service portal, and time off and benefits management. With these features, you’ll be able to streamline your operations and focus on what’s important – running your business!

    Pros:

    1. A user-friendly interface – Flexible and easy to use
    2. Cost-effective. Provides one month free trial period.
    3. It has features to keep a check on local and national legislation and file necessary compliances.

    Cons:

    1. There is no native Android or iOS app.
    2. Household payroll is not supported.
    3. There is no international support.

    Rating and Reviews: 93% of users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.3 305
    FinanceOnline 4.2 23
    Capterra Inc 4.7 2474

    Paylocity

    Industry Expertise: Paylocity is suitable for companies of all sizes and can be tailored to meet the needs of each.
    Platforms ios, Linux, and Windows
    Deployment Cloud and In-premise

    Paylocity- HRMS Tools in the Market for Human Resource Management
    Paylocity- HRMS Tools in the Market for Human Resource Management

    Paylocity is a comprehensive cloud payroll solution that offers a wealth of features to help streamline administrative processes for organizations of all sizes. From talent acquisition and time and labor management to other core functions, Paylocity provides multiple configuration options to enable companies to tailor the solution to their specific needs.

    Not only does it have robust security measures in places such as data encryption and real-time backups, but it also has a user-friendly mobile app that is compatible with both iOS and Android devices – making it even easier and more convenient for you to access your account on the go.

    Pros:

    1. User-friendly interface and unified dashboard
    2. Streamlined talent acquisition Onboarding
    3. Administrative add-ons are available

    Cons:

    1. The support process is lengthy
    2. Cumbersome Payroll
    3. Tracking functionality does not work well for all features

    Rating and Reviews: 89% of the users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.5 1941
    Finance Online 4.6 21
    Software advice 4.5 608
    Granter Inc 4.4 50
    Trust Radius 3.5 173

    Paycom

    Industry Expertise: This software meets the needs of businesses of all sizes in all industries.
    Platforms Ios, Linux, and Windows
    Deployment Cloud and In-premise

    Paycom- HRMS Tools in the Market for Human Resource Management
    Paycom- HRMS Tools in the Market for Human Resource Management

    Paycom automates core talent management tasks, helping businesses to streamline their processes and reduce paperwork burden. This allows managers to focus on tasks that cannot be automated, making it easier to retain talent.

    Cloud-based deployment provides access to features from any internet-connected device, so users can complete tasks even when they’re out of the office. This includes things like benefits administration, reporting, and more.

    Pros:

    1. Accurate timekeeping and paychecks.
    2. Good customer support.
    3. Self-service portal for employees that is well integrated.

    Cons:

    1. The time-off calendar needs to have customizable options.
    2. The Mobile app is not all that amazing.
    3. The updates causing bugs in the system.
    4. The New Employee Information layout has to be improved.

    Rating and Reviews: 84% of the users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.2 935
    FinanceOnline 4.4 14
    Capterra Inc 4.4 640
    Granter Inc 4.8 162
    Trust Radius 3.6 386

    Keka HR

    Industry Expertise: Automotive, professional services, technology, media and entertainment, education, and retail industries, among others. It is most suitable for small to medium enterprises.
    Platforms ios and Android
    Deployment Cloud

    Keka HR- HRMS Tools in the Market for Human Resource Management
    Keka HR- HRMS Tools in the Market for Human Resource Management

    Keka HR is the perfect HRMS platform for small to medium businesses and enterprises who are looking for a way to automate their people processes. With Keka HR, you’ll be able to adapt to the changing realities of workforce management while also leveraging your people data to make smart decisions and create experiences that your employees will love.

    Their features include modules for hiring & onboarding, core HR & payroll, time & attendance tracking, timesheets, and performance management. Their hiring and onboarding workflows are top-notch and will save your team’s time by integrating directly with your applicant tracking system. Time & attendance tracking feature is also efficient in tracking your employee’s work hours, and managing leave requests – all while being per your company policies.

    Pros:

    1. To eliminate mistakes, employee work hours are linked directly to payroll.
    2. GPS and mobile tracking features are beneficial for deskless workers.
    3. Includes a one-of-a-kind employee loan tool to assist employees between pay periods.
    4. There is a valuable asset/inventory tracking function included.

    Cons:

    1. Pricing details for individual modules are not readily available.
    2. There may be an additional setup cost for payroll setting and importing employee information.
    3. There is no file management system in place to distribute documents internally.

    Rating and Reviews: 86% of users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.3 107
    FinanceOnline 4.4 14
    Capterra Inc 4.2 37
    Trust Radius 4.3 6

    Zoho People

    Industry Expertise: It provides HR management for all industries. However, it specializes in healthcare, finance, IT, media and advertising, and education.
    Platforms ios, Linux, and Windows
    Deployment Cloud

    Zoho People- HRMS Tools in the Market for Human Resource Management
    Zoho People- HRMS Tools in the Market for Human Resource Management

    Zoho People is a cloud-based platform that provides comprehensive human resource (HR) solutions. This enables HR professionals to easily manage their workforce, maintain employee information, and administer benefit packages. It is a basic yet comprehensive HR software that assists the HR department in doing complicated HR duties efficiently.

    Zoho People is a great solution for businesses because it is able to support companies of all sizes. The custom modules, tabs, and forms give the user the ability to create a solution that perfectly meets their needs.

    Pros:

    1. Easy to use and comprehensive platform
    2. Great levels of customization
    3. Centralized system for employee leave management

    Cons:

    1. Inability to edit except by an administrator
    2. Ineffective mobile app
    3. Lacks efficient functionalities for recruitment and payroll

    Rating and Reviews: 87% of users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.3 135
    Finance Online 5.0 18
    Capterra Inc 4.3 180
    Trust Radius 4.1 27
    Granter Inc 4.6 84

    UKG Pro

    Industry Expertise: It provides domestic and global solutions for thousands of companies across many different sectors, including retail, manufacturing, healthcare, hospitality, nonprofit, professional services, finance, and more.
    Platforms Linux and Windows
    Deployment Cloud and In-premise

    UKG Pro- HRMS Tools in the Market for Human Resource Management
    UKG Pro- HRMS Tools in the Market for Human Resource Management

    UKG Pro is a cloud-based suite that assists businesses in managing human resources on a worldwide basis. Payroll, benefits, hiring, onboarding, and learning are all included. Users may also manage employee data and files, as well as salary, time and attendance, performance, and succession planning.

    In addition to HR-specific capabilities, our software incorporates advanced technology such as machine learning and AI, predictive analytics, and business intelligence. This helps optimize performance, streamline tasks, improve understanding of the workforce and drive retention.

    Pros:

    1. Fast, efficient, and reliable
    2. Great software for benefits administration
    3. Streamlines timesheet approvals
    4. Customizable workflows

    Cons:

    1. Customer service responds slowly and resolves issues slowly, due in part to a protracted procedure.
    2. Some may find the design and navigation clumsy and perplexing.
    3. Problems with tax payment services.
    4. Problems with tax payment services.

    Rating and Reviews: 86% of users would recommend this software.

    Review Platform Rating Reviews
    G2.com 4.2 1385
    Capterra Inc 4.2 440
    Trust Radius 4.3 332
    Granter Inc 4.4 1235

    Conclusion

    Managing Human Resources is a tedious task to do if you are doing it manually or in a traditional way. The new software tools in the market have made it easy for us. Hope this article helps you make an informed decision about the right HRMS for your enterprise!

    FAQs

    What are HRMS tools?

    These are the software made for Human Resource Management. HRMS works for automation or making functions easier.

    What are the top 10 HRIS systems?

    The best HRIS are mentioned below:

    1. Monday.com
    2. Rippling
    3. BambooHR
    4. ADP Workforce Now
    5. Gusto
    6. Paylocity
    7. Paycom
    8. Keka HR
    9. Zoho People
    10. UKG Pro

    What are the 7 HR basics?

    The seven HR basics are:

    • Recruiting and Staffing
    • Training and development
    • Managing Data and Analytics
    • Performance management and evaluations
    • Payroll and benefits
    • Succession planning
    • Human Resources Information Systems

  • Darwinbox Success Story | How is This HR Tech Startup Revolutionizing the Human Resource Industry?

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Darwinbox.

    The human resource department is present in every organisation. Its role is crucial for keeping an organisation balanced as they take care of its employee hiring process, performance appraisal, and payroll and determines what different policies and strategies should be applied in contributing to the success of an organisation.

    To elaborate broadly, human resource management can have multiple responsibilities and functions to carry out. Over the years, human resource management (HRM) has evolved to adapt to the changing needs of employees in a company.

    Today, top companies have special Human Resource Management Software to keep things in a systematic manner and efficiently aid in the data management of employees and various other HR processes. Moreover, it is the HR tech that the companies are embracing to bring a new change in the work culture.

    Darwinbox is one of the leading cloud-based Human Resource Management Software (HRMS). The company has its headquarters in Hyderabad with various other offices located across India, and other countries like Singapore, Kuala Lumpur Jakarta, Manila, Bangkok, UAE, and the USA.

    Read on further to know about Darwinbox’s industry details, founders, business and revenue model, funding and investors, and many more.

    Darwinbox – Company Highlights

    Startup Name Darwinbox
    Headquarters Hyderabad, India
    Sector HRMS, IT services and IT Consulting
    Founder Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni
    Founded 2015
    Type Private
    Valuation $1.07 billion
    Revenue $6.36 million (2020)
    Website darwinbox.com

    Darwinbox – About and How Does It Work?
    Darwinbox – Industry
    Darwinbox – Founders
    Darwinbox – Startup Story
    Darwinbox – Name, Logo, and Tagline
    Darwinbox – Mission and Vision
    Darwinbox – Business and Revenue Model
    Darwinbox – Funding and Investors
    Darwinbox – Awards and Achievements
    Darwinbox – Competitors
    Darwinbox – Future Plans

    Darwinbox – About and How Does It Work?

    Founded in 2015, Darwinbox is a SaaS platform engaged in providing a better, simpler, and mobile-first HR Tech experience driven by Artificial Intelligence (AI) and Machine Learning, and empowers workers across the full lifecycle (hire-to-retire).

    At present times, the company serves over 650 enterprises including Adani, Kopi Kenangan, MatchMove, Mahindra, Bank BTPN, TVS, Shakey’s, JSW, Bank Danamon, Nivea, Swiggy, Tokopedia, JG Summit Group, NutriAsia, Indorama, and others, and have over 1.5 million workers in 90+ countries.

    Darwinbox has a new-age platform designed to provide enterprises with automated day-to-day HR processes that simplify human interactions and deliver quality insights to help build better workplaces both for the organisation and employees.

    Darwinbox – Industry

    Darwinbox belongs to the IT services and IT consulting industry. All of us are aware that the IT industry is like the backbone of any company, without which no company can stand tall and strong. It is reported that the marketplace for technology and information technology consulting services in India is projected to be worth $48 billion, accounting for approximately 20% of the overall worldwide consulting industry.

    According to the latest Emeregen Research, the global Human Capital Management market size was $18.04 billion in 2020 and it is expected to deliver a revenue CAGR of 7.9% till the year 2028.

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    Darwinbox – Founders

    Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni are the founders of Darwinbox.

    Chaitanya Peddi

    Chaitanya Peddi - Co-founder and Product Head at Darwinbox
    Chaitanya Peddi – Co-founder and Product Head at Darwinbox

    Chaitanya Peddi is one of the three founders of Darwinbox and is presently performing as its Product Head. Before starting the journey with Darwinbox, Chaitanya worked as a consultant at Ernst & Young in their Business Advisory Services division. His first company, where he worked as an Analyst in Product Development was Verizon Communications. Chaitanya has an MBA degree in Human Resources from XLRI, Jamshedpur.

    Jayant Paleti

    Jayant Paleti - Co-founder and Head of Sales at Darwinbox
    Jayant Paleti – Co-founder and Head of Sales at Darwinbox

    Jayant Paleti co-founded Darwinbox in 2015. He presently is the Head of the Sales department at Darwinbox. Jayant got his B.Tech degree from the Indian Institute of Technology, Madras. Afterwards, he got an MBA degree in finance from the Indian Institute of Management, Lucknow. He has been associated with EY (Ernst & Young) for almost four years. Prior to this, he worked at Deloitte for one year. Jayant started by working as a Business Analyst at Modelytics.

    Rohit Chennamaneni

    Rohit Chennamaneni - Co-founder and Head of Operations at Darwinbox
    Rohit Chennamaneni – Co-founder and Head of Operations at Darwinbox

    Rohit Chennamaneni is the co-founder of Darwinbox and is also currently the head of its operations. Before co-founding Darwinbox, he worked with Google, and McKinsey & Company. He was also an intern at Procter and Gamble. Rohit graduated from the Vellore Institute of Technology and holds an MBA degree from the Indian Institute of Management, Lucknow. He worked in areas such as sales, operations, human resources, and leadership development.

    Darwinbox – Startup Story

    While working in a corporate firm, Jayant Paleti realised that his company lacked systematic functioning to provide a one-stop solution for the HR department. Soon after, he got over a discussion with Chaitanya and Rohit only to find a common observation that how companies did not have a good HR system. This was an opportunity that spurred the three friends to meet up every day over many rounds of coffee and tea at a local restaurant in Hyderabad.

    The three founders worked day and night to study the HR tech market in India to learn about the already available products so that they can come up with a new one. Through many challenges and competition, the Telugu trio experimented with many products intending to launch a product that is more than just a provider of HR solutions by including additional services like asset management, insurance, and digital education.

    Darwinbox initially started with one of the most required HR functions by every organisation – attendance and payroll solutions. To add, the founders used their own savings when Darwinbox was established in 2015.

    After months of hard work, the company finally raised seed funding in 2016. They raised around Rs 4 crores from investors like Endiya Partners, 3One4 Capital, and many others.

    Today, Darwinbox is regarded as the 84th Indian business to join the billion-dollar club, which also includes freshly minted unicorns such as Analytics SaaS and Edtech venture LEAD School.

    Darwinbox – Name, Logo, and Tagline

    Darwinbox Logo
    Darwinbox Logo

    The Darwinbox logo can be defined as a basic but eye-catching logo. It comprises the box symbol, which is intended to be used as Darwinbox’s symbol, followed by the company name in its trademark blue and black colour combination.

    Darwinbox – Mission and Vision

    The vision of Darwinbox is, “Building A Leading Technology Brand From Asia For The World.”

    Darwinbox – Business and Revenue Model

    Darwinbox’s business operates on a SaaS model that offers solutions related to the HR needs of an enterprise across the employee life cycle, which includes the six HR modules – payroll, recruitment, employee engagement, talent management, people analytics, and core operations like attendance, leave, etc.

    The company’s core business operations are to engage and empower employees while automating and streamlining all HR functions. Some of the products & solutions offered by Darwinbox are:

    • Employee Onboarding
    • Employee helpdesk
    • Time & Attendance
    • Payroll
    • HRMS Suite
    • Talent Management Suite
    • Performance Management
    • Travel & Expense
    • Compensation Suite
    • Remote Work Suite

    Darwinbox has been involved in bringing some innovations to assign employees with much more convenience and allow them to find time to do other things. In short, the company’s business also involves providing the best possible user experience to its customers. To name a few, Darwinbox has launched the following creations:

    • Mobile HRMS – To help employees on the go with its Mobile-first HR technology.
    • A.I in HR –  With the help of Artificial Intelligence, Darwinbox helps to deliver even more insightful decision-making skills.
    • Multi-language support – As a global company, Darwinbox’s platform is built in a way that supports multiple languages.
    • Darwinbox Studio – Provides 200+ seamless integrations to have a secure way of data management. Clients such as Swiggy, Emcure, Kotak Life Insurance, cult.fit, Tata Cliq among others uses Darwinbox Studio.
    • HRMS on WhatsApp – To help employees receive notifications for events, leave, attendance, rewards, and recognition through WhatsApp. Darwinbox is the first ever to come up with HRMS to integrate with WhatsApp for Business.

    The revenue of Darwinbox stood at $30 million in 2022. The company has announced that its revenue has doubled in comparison to the previous year. Most of its revenue, about 75% is generated from its business in India and 25% from other countries in Asia and the Middle East. It is the only Indian unicorn whose revenue is mainly from India.

    Darwinbox – Funding and Investors

    Darwinbox has received a total of $107 million in investment over seven rounds. Their most recent funding came in the form of a Series D round on January 24, 2022. The company has received funding from 11 investors. The most recent investors are SCB 10X and Lightspeed India Partners.

    The list of funding and investors of Darwinbox is given below:

    Date Funding Round Amount Raised Lead Investor
    January 24, 2022 Series D $72 million TCV
    January 18, 2021 Series C $15 million Salesforce Ventures
    September 25, 2019 Series B $15 million Sequoia Capital India
    January 1, 2019 Venture Round – iLabs Capital
    June 20, 2017 Series A $4 million Lightspeed India Partners
    July 26, 2016 Seed Round $500K –
    July 1, 2016 Seed Round $547K Endiya Partners

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    Darwinbox – Awards and Achievements

    Darwinbox has won the following awards:

    • Customers’ Choice in the 2022 Gartner® Peer Insights™ ‘Voice of the Customer Report for Cloud HCM Suites.
    • ‘Rising Star’ and as a product with the ‘Great User Experience’ award by Finances Online (2017).

    Darwinbox – Competitors

    Darwinbox competes with the following list of competitors:

    1. SAP
    2. Oracle
    3. Ramco Systems
    4. Adrenalin eSystems
    5. PeopleStrong
    6. ADP
    7. Workday Human Capital Management
    8. Zoho

    Darwinbox – Future Plans

    The company is planning to expand its operations globally, starting in the USA. Along with its global expansion, Darwinbox further plans to accelerate its product development. It also expects to generate 35% of its total revenue from each of its Indian and Southeast Asia business operations in the future.

    “We are looking to enter the US markets this year. It will be a super force multiplier, but could become a substantial contributor to revenue in the next three-four years,” said Jayant Paleti, co-founder and Head of Sales at Darwinbox.

    “We will probably get there ($100 million annual revenue) in the next two or two-and-a-half years, and after that IPO is a possibility,” Jayant further said.

    FAQs

    What does Darwinbox company do?

    Darwinbox is one of India’s leading cloud-based Human Resource Management Software. The company offers HR Tech experience driven by Artificial Intelligence (AI) and Machine Learning and empowers workers across the full lifecycle (hire-to-retire).

    Who owns Darwinbox?

    The owners of Darwinbox are Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni.

    Is Darwinbox a unicorn?

    Darwinbox turned into a unicorn startup after raising $72 million in a Series D funding round on 24th January 2022.

    Who invested in Darwinbox?

    Darwinbox has eleven investors out of which the most recent investors are SCB 10X, Lightspeed India Partners, and TCV.

    How much funding has Darwinbox raised to date?

    Darwinbox has raised a total of $107 million as of August 2022.

  • uKnowva HRMS – Secure and User-Friendly Workforce Management Solution

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by uKnowva.

    Be it a small, medium scale, or large organization, all types of businesses need HRMS software to manage their workforce efficiently. HRMS facilitates employee satisfaction and productivity and helps the Human Resource department with all the employee details and their activity tracks. As entrepreneurship is evolving with advancements in technology, the need for HRMS software is also increasing. Human Resources Management Software (HRMS) Market is estimated to hit 33.57 Billion by 2030. Different Businesses need different software to manage, develop and engage their workforce. uKnowva HRMS provides a holistic HRMS to systematically acquire, manage, develop, and engage your employees. It has all the advanced features like dashboard and analytics, E-recruitment, automated payroll & appraisal management, and more. It can be fully customized according to your business needs.

    Read the startup story of uKnowva, its founders, product, growth, and more about it.

    uKnowva – Company Highlights

    Startup Name uKnowva
    Headquarters Mumbai
    Industry HRMS
    Founders Vicky Jain, Priyanka Jain,and Abhay Talekar
    Founded 2012
    Website uknowva.com

    uKnowva – About
    uKnowva – Industry
    uKnowva – Founders and Team
    uKnowva – The Idea and Startup Story
    uKnowva – Name, Tagline, and Logo
    uKnowva – Product
    uKnowva – Business Model
    uKnowva – Customer Acquisition
    uKnowva – Challenges Faced
    uKnowva – Marketing
    uKnowva – Growth
    uKnowva – Advisors and Mentors
    uKnowva – Acquisitions
    uKnowva – Competitors
    uKnowva – Tools Used in the Company
    uKnowva – Recognition and Achievements
    uKnowva – Future Plans

    About uKnowva HRMS

    uKnowva – About

    uKnowva is a cloud-based HRMS that offers a secure and private platform to employees for engaging in seamless communication and networking, knowledge-sharing and utilising the capabilities of high-yielding tools to attain increased productivity and accelerated growth.

    Their vision is to become the world’s SMARTEST HR platform. SMART means 360 degree HRMS software that is easy to use and administer, cost-effective and highly intelligent.

    They work with the core belief that growth should be encouraged within the organisation and that work should be enjoyable. They constantly adapt their approach and embrace transformation to stay ahead of the curve.

    uKnowva – Industry

    There are nearly 3 billion employees/workers across the globe as per the World Bank Data, which makes the overall market size to be around 24 billion USD per year. The HRMS market is gaining significant traction. HRMS provides digital solutions to manage human and material resources with versatility. Using HRMS results in increased efficiency through minimal errors due to automation of manual HR activities and assists HR departments to analyze the organization’s operational trends. Also, the rapidly evolving IoT and wireless technology have a positive impact on the market value. According to a report by Market Research Future (MRFR), the HRMS market is forecasted to reach USD 33.57 billion by 2030, growing at a CAGR of 12.2%.

    Additionally, the cloud-based HRMS segment is anticipated to gain more traction during the forecast period.

    uKnowva – Founders and Team

    uKnowva Founders - Vicky Jain, Priyanka Jain,and Abhay Talekar
    uKnowva Founders – Vicky Jain, Priyanka Jain,and Abhay Talekar

    Vicky Jain, Priyanka Jain, and Abhay Talekar have founded uKnowva in 2012.

    After completing his engineering and MBA, Vicky Jain started to learn languages like Java, Oracle and Applets. It was when his cousin asked him to develop a certain software, life took him to a new course. His work was well appreciated and he got a complete assignment to build a website for his cousin’s company. Vicky along with Priyanka Jain, who also completed her engineering at the same college, worked on this project. As work started to come in, they decided to set up a company, Convergence Services. Since they started off as a service company they had to go through numerous challenges while developing their first flagship product, uKnowva. Vicky, Priyanka and Abhay Talekar (also co-founder of Convergence Services) started uKnowva back in 2012. While they all have individual roles to play within the organisation, they all come together to make sure that the business operates smoothly. It takes plenty of time and energy to juggle everything involved. Startup founders need to be self-motivated to keep up with the challenges at all times.

    uKnowva – The Idea and Startup Story

    uKnowva initially started off as a web development company. They created a few tools for better collaboration and people management, internally. When some customers approached them with similar requirements, they came to realize that this could be developed as a product and offered to consumers. They then tweaked some of its features and gave it to a few customers like Prime focus technologies, Capital first, etc., and the response was awesome. That gave them the confidence to take this initiative to a whole new level to develop uKnowva HRMS.

    Vicky Jain and Priyanka were in Lonavala, Maharashtra just brainstorming on the ideas to keep an apt name for the start-up. Their main objective was to have the letters U, V and W in the name as some renowned numerologists had suggested keeping U, V and W in the startup name to attract good growth. And after hours of brainstorming, they decided upon the name uKnowva. The logo was designed by Priyanka who is the creative director and the tagline of extending collaboration was adopted over a period of time.

    uKnowva – Product

    uKnowva HRMS
    uKnowva HRMS

    uKnowva HRMS has every core component of Human Resource Management starting from an employee directory to a self-service portal to automated payroll to leave management and work reports to a special disability feature to virtual biometrics and much more that employees and HRs love to use. By adopting uKnowva’s HRMS, one can step up productivity and manage everyday activities much more efficiently. The Employee Payroll system automatically calculates salary from the data available i.e. leaves, investment declarations, holidays, tax deductions etc. Virtual attendance management allows employees to punch in and out from any device. Also, uKnowva is the first HR tech company in India to launch the disability feature within uKnowva HRMS for visually challenged employees.

    Easy to use, Cost-effective, Intelligent and Flexible are some of the major USPs of their product. In general, cloud-based HRMS are developed to be intuitive and user-friendly to those who need to access or use them. That’s why uKnowva’s HRMS has been designed keeping the end-user in mind, based on the requests/suggestions of real HR and payroll administrators.

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    uKnowva – Business Model

    Our’s is a SaaS based product and the pricing model is simple with per user per month pricing, which starts at USD 2 per user per month.

    uKnowva – Customer Acquisition

    uKnowva had a few customers who appreciated uKnowva product and the word of mouth also proved to be beneficial. They tried to onboard their existing customers initially. Other than that, they focused their efforts on building their website and enhanced their SEO efforts to reach out to more customers. This significantly helped them to expand their customer base and strengthen their efforts to maintain business continuity.

    Over the years, while they have invested in increasing their reach and making more businesses aware of what they do and how uKnowva can help, a good product and support system has helped them retain their customers. So far, attracting new customers has worked best via referral channels.

    uKnowva – Challenges Faced

    While they were transforming from a “Service” company to a “Product” company, the major challenge was changing the mindset of the people involved. Initially it was like they visited the customers and asked them about their requirements and then built a product based on their needs or preferences. But, while transforming into a “product” company, things changed completely as they needed to ask themselves what would customers need and then build it and sell it to the customers. This entire process actually involved a change in the mindset of the entire team which was the biggest challenge. They overcame it through regular sessions with the team and made them understand how to think like a product owner.

    uKnowva – Marketing

    When it comes to content and social media, their main focus is on brand awareness and organic visibility. uKnowva is mostly active on Linkedin and they don’t promote and/or boost their posts or campaigns as such. It’s all organic and for brand awareness predominantly.

    They had done a campaign called #InsideuKnowva where they introduced relevant topical memes featuring Shark Tank India. The memes garnered good impressions.

    Also on Quora, they have crossed 65,000 views within a span of 2 months. Their polls do extremely well and garner good impressions on LinkedIn.

    uKnowva – Growth

    As technology continues to be at the forefront of a transforming business environment, there are vast opportunities for growth for HR tech companies. So far, their journey has been satisfactory and uKnowva is doing pretty well in terms of growth, innovation, and extending its footprint. They have more than 75+ customers with a doubling ARR per year. uKnowva is all set for further developments in the future.

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    uKnowva – Advisors and Mentors

    These are the people who mentor/advise the startup:

    • Ganesh Sankaran: COO and Business Head-WUBS & New Initiatives at Weizmann Forex Ltd
    • Deepak Agarwal: Cofounder and CEO at TurboHire
    • Krishna Kabra: Head of Major Service Center, Orange Business Services
    • Ranu Parwal: COO & Business Head at Weizmann Forex Ltd.

    uKnowva – Acquisitions

    uKnowva acquired a company called Apptroid which is a digital agency helping businesses of all size get a better return from online activities like Website Design, Mobile Apps Development , SEO, etc.

    uKnowva – Competitors

    Following are some of the top competitors of uKnowva:

    • Darwinbox
    • SAP Successfactors
    • Workday
    • Keka
    • Oracle Peoplesoft
    • ZingHR

    uKnowva – Tools Used in the Company

    A few tools that they use to run the startups are:

    • uKnowva HRMS
    • Metabase
    • Azure Dev Ops
    • Intuit
    • Zoho CRM

    uKnowva – Recognition and Achievements

    uKnowva recently received the “Entrepreneurial Company of the Year” award from Frost & Sullivan. The award recognises the efforts in keeping growth and innovation at the forefront of their vision while effectively addressing upcoming new opportunities and challenges for their business. In the Product Excellence Matrix Report in 2014 by Nasscom in association with Frost and Sullivan, uKnowva was featured in the “Unified Communication And Collaboration” category.

    uKnowva – Future Plans

    Currently, they are focused on increasing its footprints in India and the MENA region. The MENA region has huge potential for Indian technology start-ups as the region has a highly diverse, tech-savvy and distributed workforce whose priorities are flexibility and ease of access in their flow of work. The countries they are basically targeting include KSA, UAE, and Egypt to start and then we’ll cover the complete gulf region. Few customers they have onboarded in the MENA region are Ravin, Masdar, Khansaheb, Puregroup, etc.

    FAQs

    Who is the founder of uKnowva?

    Vicky Jain, Priyanka Jain, and Abhay Talekar are the founders of uKnowva.

    When was uKnowva founded?

    uKnowva was founded in 2012.

    What is uKnowva HRMS?

    uKnowva HRMS is Human Resource Management tool that offers employee directory, automated payroll, leave management, work reports, and more employee management features.

    Who are the competitors of uKnowva?

    Top competitors of uKnowva are:

    • Darwinbox
    • Keka
    • Oracle Peoplesoft
    • SAP Successfactors
    • Workday
    • ZingHR