Neeyamo Inc., a market leader in providing platform-based global payroll and HR solutions for global enterprises, has been positioned as a Potential Leader among global Cloud HR solution providers by Fosway in its independent analysis of the Cloud HR systems market.
The Fosway 9-Grid™ is a unique, five-dimensional model that helps HR buyers understand the relative positions of solutions and providers in the market. The market players and their solutions are evaluated based on their performance in the industry, potential to serve the market, total cost of ownership, market presence, and trajectories for the foreseeable future.
Based on detailed inputs from Fosway’s Corporate Research Network of over 250 organizations, the analysis on Cloud HR segments the market across HCM suites, covering a broad array of traditional approaches to people management, employee experience, and talent processes, and HR specialists which focus on specific areas of capability. The 9-Grid™ aims to help organizations make wiser investment decisions regarding Cloud HR technology solutions.
Commenting on this positioning, Samuel Isaac – Senior Vice President at Neeyamo, said, “We are delighted to see Neeyamo’s position in Fosway’s 9-Grid™, and we see it as a testimony that reinforces Neeyamo’s digital HR maturity. Our next-gen proprietary HR Cloud suite – NeeyamoWorks has always been at the forefront of technology and innovation. We see its capability to disrupt key HR processes and transform people’s experience, both functionally and geographically, as a cornerstone for this positioning. We optimistically look forward to our future endeavors, as our cloud HR suite continues to meet global workforce needs.”
David Wilson, CEO of Fosway Group, commented, “Neeyamo is a welcome addition to the 2020 Fosway 9-Grid™ for Cloud HR. Its focus on providing long-tail HR and payroll solutions has strong potential for global companies. Combined with a lower total cost of ownership, this demonstrates there is still plenty of opportunity to disrupt this market and innovate HR technology.”
Fosway 9-Grid™ for Cloud HR and the full report can be accessed here.