What Novasoft does

Novasoft (legal name NOVASOFT S.A.S) is a Colombian enterprise software company founded in 1987 and headquartered in Bogotá, Colombia. The company specializes in cloud-based (100% web) SaaS solutions spanning enterprise resource planning (ERP), customer relationship management (CRM), business process management (BPM), and a comprehensive Human Capital Management (HCM) suite that includes payroll, applicant tracking (ATS), digital contracting, performance evaluation, and occupational health and safety (SG-SST) modules. The platform also offers sector-specific ERP variants tailored for public entities, educational institutions, temporary staffing agencies, and cleaning/security companies, reflecting deep vertical specialization in the Colombian market.

The underlying technology stack is a unified, cloud-native SaaS platform with native integrations to DIAN (Colombian Tax Authority) for electronic payroll compliance, Microsoft Power BI for analytics, PSE for payments, and electronic document/invoicing partners such as Estela. The product portfolio has been progressively enhanced with AI capabilities, most notably SARA IA (an autonomous AI agent for payroll launched in 2026) and an AI-driven ATS module that integrates with TRI (T3RSC) to accelerate recruitment. Novasoft maintains an enterprise-grade security posture with ISO 9001:2015 (since 2005), ISO/IEC 27001:2022, and SOC 2 Type II certifications.

Commercially, Novasoft generates revenue through annual SaaS subscriptions (quote-based, modular pricing tied to company size and selected modules), payroll outsourcing/BPO services, and referral commissions via its Plan de Referidos partner program. It reaches customers primarily through a direct enterprise sales motion with consultative demos, supplemented by a referral channel, strategic alliances, content marketing, webinars, industry events (e.g., Cumbre Laboral 2026), and the Academia Novasoft training platform. The company serves more than 2,500 client organizations across Colombia and Latin America, processing over 760,000 payroll transactions monthly, and reports a headcount in the 101–250 range.

Name

Novasoft

Legal name

NOVASOFT S.A.S

Website

https://novasoft.com.co

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Novasoft is a Bogotá-based Colombian SaaS company providing cloud-based ERP, Human Capital Management, and payroll software to mid-market and large enterprises across Colombia and Latin America, serving 2,500+ clients and processing 760,000+ payroll transactions monthly across multiple verticals.

Ownership category

akta.pro rank

Product category

Enterprise Resource Planning (ERP) and Human Capital Management (HCM) Software

NAICS

Software Publishers (51321), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

akta.pro secondary industries

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA), Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB), Core HR & HRIS (BPACAPAA), Enterprise Application Managed Services Outsourcing (ERP/CRM/HRIS AMS) (BPAEAMAI)

Keywords

• Enterprise resource planning software
• Human capital management
• Payroll processing software
• Cloud-based ERP solutions
• Human resources management

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

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. Software Subscriptions (SaaS/Cloud): Novasoft operates primarily as a cloud-based SaaS provider, offering subscription-based access to its ERP, HCM, and Payroll software suites. The company offers cloud model deployment with over 500 companies connected in this mode.
2. Payroll Outsourcing Services: BPO/outsourcing services for payroll processing, allowing companies to delegate payroll management to Novasoft while using their software infrastructure.
3. Referral Program Commissions: Revenue generation through partner and client referral commissions, where referrers earn commissions when referred clients complete product payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Novasoft designs, develops, and sells 100% web-based (cloud/SaaS) enterprise software for Colombian and Latin American organizations, centered on an integrated ERP platform and a Human Capital Management (HCM) suite. Core sellable offerings include ERP, Payroll (Nómina), and HCM software, plus payroll outsourcing (BPO) services and vertical-specific ERP variants for public entities, educational institutions, temporary staffing agencies, and cleaning/security companies. The company processes over 760,000 payroll transactions monthly for more than 2,500 client companies and embeds AI capabilities such as the SARA IA intelligent agent and AI-powered ATS recruitment.

Product overview

Novasoft offers a unified platform-plus-modules portfolio of enterprise software solutions for Colombian and Latin American organizations, comprising a core ERP system with integrated CRM, BPM, and sector-specific verticals, alongside a dedicated Human Capital Management (HCM) suite that includes payroll (Nómina), ATS recruitment, digital contracting, performance evaluation, and occupational safety (SG-SST) modules. The product architecture centers on two interconnected platforms: the ERP for business management (finance, operations, supply chain) and the HCM suite for human resource and payroll management. Both platforms are offered as 100% cloud-based (SaaS) solutions and process over 760,000 payroll runs monthly across more than 2,500 client companies. Key modules include employee, client, supplier, and school self-service portals, with AI capabilities embedded through SARA IA for payroll and an AI-powered ATS for intelligent recruitment and selection. The portfolio includes sector-specific ERP variants for public entities, educational institutions, temporary staffing agencies, and cleaning/security companies, as well as payroll outsourcing services.

Differentiator

Problem solved

Functional benefit

Products and services

• Software ERP Novasoft Comprehensive enterprise resource planning software that integrates purchases, sales, accounting, finance, and human talent into a single web-based application, targeting mid-market and large enterprises seeking integrated management solutions.
• Software de Nómina Novasoft Cloud-native payroll software that automates salary liquidation, social security calculations, and payroll tax compliance for Colombian regulations, processing over 760,000 payroll runs monthly for Colombian organizations.
• Software HCM (Gestión Humana) Comprehensive human capital management platform administering HR processes, payroll, occupational health and safety (SG-SST), and employee self-service portals, delivered as a 100% web-based platform accessible from any location.
• Outsourcing de Nómina Payroll BPO/outsourcing service where Novasoft manages the complete payroll process on behalf of client organizations, leveraging its payroll software infrastructure.
• ERP para Entidades Públicas ERP solution customized for Colombian public sector entities, addressing specific regulatory, budgetary, procurement, and administrative requirements of government organizations.
• ERP para Instituciones Educativas ERP solution tailored for academic institutions, managing administrative, academic, and financial processes for schools, universities, and educational organizations in Colombia.
• ERP para Empresas Temporales ERP solution designed for temporary staffing agencies, addressing the unique payroll, contract management, and regulatory compliance needs of the Colombian temporary labor sector.
• ERP para Aseo y Vigilancia ERP solution specialized for cleaning and security companies, managing workforce scheduling, multi-client billing, and Colombian labor compliance requirements specific to these sectors.
• Academia Novasoft Educational and training platform offering the Diplomado de Nómina (payroll certification program), webinars, and professional development resources for HR and payroll professionals.

Quantifiable outcome

• Processes over 760,000 payroll transactions monthly
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• EstelacoreTechnology or IntegrationStrategic partner for electronic invoicing, electronic payroll, electronic signatures, and document management solutions. Native integration with Novasoft's payroll and ERP systems for Colombian regulatory compliance.
• TRI (T3RSC)coreTechnology or IntegrationSelection and hiring software that automates recruitment and electronic personnel contracting processes, enabling hiring up to 64% faster. Strong integration with Novasoft's HCM ATS module.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Workday: Global cloud HCM, payroll, and financial management platform. While less localized for Colombian payroll, Workday competes with Novasoft for multinational and large enterprise HCM deals in LatAm.
• TOTVS: Latin America's largest enterprise software company, offering ERP, HCM, and payroll solutions across Brazil and other LatAm markets. Overlaps with Novasoft in ERP and HR/payroll categories at the upper-mid-market and enterprise tiers.
• ADP: Global payroll and HR services giant with significant LatAm presence through ADP Latam and partnerships. Directly comparable to Novasoft's payroll offering and outsourced payroll BPO service.
• UKG (Ultimate Kronos Group): Global HCM, workforce management, and payroll provider with growing LatAm footprint. Competes with Novasoft in HR/payroll and workforce management, particularly for larger enterprise and multi-country deployments.
• Oracle NetSuite: Global cloud ERP/HCM suite increasingly pursuing LatAm mid-market and enterprise accounts. Comparable to Novasoft on cloud-native ERP and integrated financial/HR functionality, though less localized for Colombian payroll/DIAN.
• SAP (Business One / S/4HANA Cloud): Global ERP and HCM incumbent with growing LatAm localization. Competes for the same Colombian enterprise accounts Novasoft targets, especially larger organizations requiring integrated finance and HR suites.

Direct peers

• Buk: Chile-based HCM and payroll SaaS platform serving LatAm markets, including Colombia. Competes with Novasoft on cloud-native payroll and HR modules, and represents a well-funded emerging regional challenger.
• Siigo: Colombia-headquartered SaaS provider of accounting, ERP, payroll, and invoicing software for SMEs and mid-market companies. Directly comparable to Novasoft in Colombian SaaS ERP/payroll and overlaps heavily on HCM functionality.

Regional players

• Senior Software: Brazilian HCM, payroll, and ERP platform with broad LatAm reach; Novasoft already uses Senior's help-desk infrastructure (suporte.senior.com.br). Competes with Novasoft on HCM/payroll but is primarily anchored in Brazil.

Emerging players

• Defontana: Latin American cloud ERP, accounting, payroll, and POS provider serving SMEs across multiple LatAm countries including Colombia. Emerging challenger with comparable breadth of ERP/HCM/payroll modules and similar target segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/novasoft_col
• YouTubeyoutube.com/@NovasoftColombia/videos
• Facebookfacebook.com/novasoft.colombia
• LinkedInlinkedin.com/company/novasoft-sas/?viewAsMember=true
• Instagraminstagram.com/novasoftsascol

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

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 Novasoft