iqDynamics

What iqDynamics does

IQ Dynamics Pte Ltd is a Singapore-headquartered, founder-owned software vendor that develops and sells HRiQ, an integrated Human Capital Management (HCM) platform marketed to medium-to-large enterprises of 200 or more employees across Singapore and the broader Asia-Pacific region. Founded in 1994, the company has grown from a five-person operation to a regional group with 51-100 employees serving 450+ customers and approximately 90,000 end users. HRiQ is organized into three product suites — HRiQ Core (HRMS covering payroll, leave, claims, time attendance, timesheet, compliance tracking, and analytics), HRiQ Talent (recruitment, onboarding, e-learning, performance appraisal, and talent development using the 9-grid box methodology), and HRiQ Booster (professional services, payroll outsourcing, and IT managed services) — with all modules natively integrated and supported by a mobile app for employee self-service.

The underlying technology is a multi-tier web architecture built on Microsoft .NET, hosted on Microsoft Azure in Singapore, and available in both cloud/SaaS and on-premise deployment models. The platform exposes a public API enabling integration with global HRIS systems (Workday, SAP SuccessFactors), ERP and financial systems (Microsoft Dynamics 365 Business Central and F&O, Oracle, SAP, ACCPAC), biometric time clocks, door access systems, and external learning platforms (LinkedIn Learning, Udemy, Coursera, iSpring). Singapore statutory compliance (CPF, IRAS IR8A/IR21, MOM Labour Surveys, PDPA) is codified into the engine, and the company holds ISO 27001:2022 certification alongside its 30+ year Microsoft Certified Partner status.

IQ Dynamics monetizes through a mix of recurring SaaS subscriptions priced per employee (Professional tier from $2/employee), on-premise perpetual licensing, professional services and implementation engagements, payroll outsourcing via subsidiary PayDynamics, and IT managed services via subsidiary I-Net Dynamics. Go-to-market is predominantly direct enterprise field sales led by a Singapore-based team, supplemented by content marketing, webinars, downloadable resources, and Singapore government grant advisory (EDG, NTUC CTC, NCSS Tech-and-GO!). The company is privately held, founder-operated, with no disclosed external funding or M&A history.

Name

iqDynamics

Legal name

IQ Dynamics Pte Ltd

Website

https://iqdynamics.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

IQ Dynamics is a Singapore-based, founder-owned software vendor that develops and sells the HRiQ Human Capital Management platform — an integrated HRMS, talent management, payroll outsourcing, and IT managed services solution serving 450+ mid-to-large enterprises across the Asia-Pacific region.

Ownership category

akta.pro rank

Product category

Human Capital Management (HCM) Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Management Consulting Services (8742)

akta.pro primary industry

Core HR & HRIS (BPACAPAA)

akta.pro secondary industries

Payroll, Time & Attendance (BPACAPAB), HR Service Delivery, Case Management & Employee Self-Service (BPACAPAL), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), HR Technology (HRIS/HCM) Advisory & Implementation (BPAHAGAG)

Keywords

• HRMS software
• Talent management
• Payroll automation
• Cloud HR solutions
• Human capital management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. HRiQ HRMS Software Subscription (SaaS): Subscription-based access to HRiQ Core, Talent, and Booster modules delivered as a cloud/SaaS solution. Pricing is per-employee, with the ability to deploy on-premise or on-cloud.
2. Payroll Outsourcing Services: Singapore-based HR and payroll outsourcing services handled by PayDynamics, including monthly payroll processing, leave administration, claims processing, and HR advisory.
3. Professional Services & Implementation: Project implementation services including requirements analysis, data migration, change management, system integration, and training programs. Complementary to the software subscription.
4. IT Managed Services: IT managed services delivered through subsidiary I-Net Dynamics, including system setup, monitoring, hosting, backup, and disaster recovery services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

iqDynamics develops and sells HRiQ, an integrated Human Capital Management (HCM) platform offered as cloud/SaaS or on-premise software, covering employee records, payroll, leave, claims, timesheet, time attendance, compliance tracking, and analytics. It also provides a Talent Management suite for recruitment, onboarding, e-learning, performance appraisal, and talent development. Through subsidiaries PayDynamics and I-Net Dynamics, the company delivers payroll outsourcing and IT managed services to complement the software.

Product overview

IQ Dynamics offers HRiQ, a comprehensive Human Capital Management (HCM) solution built as a platform-plus-modules architecture. The core product portfolio consists of three integrated suites: HRiQ™ Core (Human Resource Management Software covering employee records, payroll, leave, claims, timesheet, time attendance, compliance tracking, and analytics), HRiQ™ Talent (Talent Management System including training, e-learning, recruitment, onboarding, performance appraisal, and talent development), and HRiQ™ Booster (supporting services including payroll outsourcing, API integration, IT managed services, professional services, and support). The system is available as on-premise or cloud-based SaaS deployment and is priced starting from $2 per employee with the Professional tier. All modules are fully integrated, enabling seamless data flow across HRIS, payroll, talent management, and analytics functions.

Differentiator

Problem solved

Functional benefit

Brands

• HRiQ™ Core: Core HR Management Software including Enterprise HR, Payroll, Leave, Claims, Timesheet, Time Attendance, Compliance Tracking, and Dashboard & Analytical Reports
• HRiQ™ Talent
• HRiQ™ Booster

Products and services

• HRiQ Core Comprehensive HRMS suite covering employee records, payroll, leave, claims, timesheet, time attendance, compliance tracking, and dashboard and analytical reports for medium-to-large enterprises in Singapore and the Asia-Pacific region.
• HRiQ Talent Talent Management System covering recruitment, onboarding and workflow, employee e-learning (LMS), performance appraisal, training and development, and talent development using the 9-grid box methodology, for organisations seeking integrated talent management within the HRiQ platform.
• HRiQ Mobile App Mobile application for iOS and Android that lets employees apply for leave, submit claims, view payslips, and clock attendance with GPS location checking and geo-fencing, available to HRiQ subscribers.
• Payroll Outsourcing Singapore-based payroll processing and administration service covering new hires, leavers, salary changes, overtime, monthly payroll reports, CPF payments, IR21 filings, and yearly tax submissions, provided via PayDynamics for organisations that prefer outsourced payroll operations.
• Professional Services Project implementation and training services covering requirements analysis, conceptual design, data migration, change management, system integration, and training programs delivered by certified instructors with extensive enterprise application experience.
• Support Services Customer support for HRiQ delivered via email, fax, telephone, remote support, and onsite and online support, with service level agreement reporting and tracking and response monitoring.
• iQX1 Integrated HRMS Platform Integrated HRMS platform from IQ Dynamics that consolidates core HR processes (employee management, payroll, leave, claims, performance management, and analytics) into a single unified system with automation and standardized workflows, designed for organisations operating multiple entities.

Quantifiable outcome

• Reduced administrative workload and human error through automation of daily HR functions.
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• MicrosoftcoreTechnology or IntegrationIQ Dynamics is a Microsoft Certified Partner with over 30 years of partnership history. HRiQ is built using Microsoft .NET technology and hosted on Microsoft Azure cloud infrastructure. The partnership enables deep integration with Microsoft Entra ID (Azure AD) for SSO, Microsoft 365, and Microsoft Dynamics ERP platforms.
• PayDynamicscoreStrategic or Co-development PartnerPayDynamics is a partner company of IQ Dynamics that handles payroll and benefits administration outsourcing for IQ Dynamics clients. By outsourcing payroll tasks to PayDynamics, clients can focus resources on strategically growing their business. Services include payroll outsourcing, leave administration, claims outsourcing, HR advisory services, and employee self-service.
• I-Net DynamicscoreStrategic or Co-development PartnerI-Net Dynamics is a subsidiary company of IQ Dynamics and an acknowledged ERP application management, IT managed services, and cloud services provider. Specialises in Microsoft Dynamics GP, Microsoft Dynamics 365 Business Central, Microsoft Office 365, IT Managed Services, cloud hosting, and disaster recovery services. Provides end-to-end IT services supporting HRiQ deployment.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ramco Systems: Ramco Systems provides global payroll and HCM software with strong Asia-Pacific presence across mid-market and enterprise segments, making it one of the closest head-to-head competitors to IQ Dynamics' HRiQ in APAC.
• BIPO: BIPO delivers HR, payroll outsourcing, and workforce management across Asia-Pacific, overlapping with IQ Dynamics' HRiQ + PayDynamics bundle and competing directly for APAC mid-market HR/payroll deals.
• Frontier e-HR: Frontier e-HR is a regional HCM/HRIS vendor focused on Hong Kong and Greater China with deep local compliance coverage, directly comparable to IQ Dynamics' Singapore-centric compliance-led positioning.
• Ascender HCM: Ascender HCM (formerly NGA Human Resources / regional unit) provides payroll and HCM solutions across APAC, often competing with IQ Dynamics for multi-country APAC enterprise payroll outsourcing wins.
• Unit4: Unit4 provides mid-market cloud ERP and HCM solutions with strong APAC presence in people-centric industries, comparable to IQ Dynamics' mid-market HRMS-plus-services positioning.

Broad incumbents

• ADP (Asia-Pacific): ADP's Asia-Pacific operations deliver global payroll and HCM services at scale with extensive local presence — a broad incumbent alternative for the same mid-to-large enterprise buyers IQ Dynamics targets.
• Workday: Workday is a leading global cloud HCM suite increasingly penetrating APAC mid-market, often competing with or coexisting alongside HRiQ via Workday's documented integration partnership with iqDynamics.
• SAP SuccessFactors: SAP SuccessFactors is a global HCM suite with deep enterprise penetration and a documented integration partnership with HRiQ, frequently evaluated alongside iqDynamics in large APAC HCM RFPs.
• Oracle HCM Cloud: Oracle HCM Cloud is a global, AI-augmented HCM platform commonly shortlisted by mid-to-large enterprises in APAC, representing a significant competitive incumbent to HRiQ.

Emerging players

• Cornerstone OnDemand: Cornerstone OnDemand specializes in talent management and learning — areas HRiQ Talent also covers — and competes for APAC mid-market talent management and LMS opportunities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/iqdynamics-private-limited
• Xx.com/iqdynamics
• Facebookfacebook.com/iqDynamics

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iqDynamics