HRplus Software

Name

HRplus Software

Legal name

HRplus Software Limited

Website

https://hrplussoftware.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Human Resource Management Software (HRMS)

NAICS

Payroll Services (541214), Professional Employer Organizations (561330)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Core HR & HRIS (BPACAPAA)

akta.pro secondary industries

Payroll Outsourcing & Pay Administration (Multi-country/Managed Payroll) (BPACAKAD), Comprehensive HRO (Multi-Process HR Outsourcing) (BPACAKAA), HRIS/HCM Implementation Services (BPAEAGAE)

Keywords

• HRMS software
• Payroll processing
• Time and attendance
• Talent management
• Multi-country payroll

Headquarters

HQ city

Lewes

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Annual and monthly subscription fees for cloud-based (SaaS) access to the HRplus platform. SaaS is approximately 1/3 the initial cost of the on-premise version per year with no maintenance fees, as the company handles server costs, daily backups, and software maintenance.
2. On-Premise License: Traditional on-premise software deployment with perpetual licensing model, where the customer purchases the software license and manages their own infrastructure, servers, and maintenance.
3. Payroll BPO / Outsourcing: Payroll Business Process Outsourcing service where HRplus handles the full payroll processing cycle — data entry, payroll run, report printing, payslip preparation, bank deposits, statutory report generation (TDS, year-end documents), and GL/ACH reporting. The company claims clients can save up to 50% on monthly outsourcing costs.
4. Professional Services: Implementation, consulting, training, and project management services provided as part of onboarding new clients. The company follows a structured 4-step process including project initiation, consulting, training, and go-live.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

HRplus Software sells a modular, web-based Human Resource Management System (HRMS) that bundles HR, payroll, time and attendance and over 20 integrated HR modules, available as cloud SaaS or on-premise, with payroll coverage for 24 countries. The company also offers a managed payroll business-process-outsourcing (BPO) service and serves medium and large enterprises across the Caribbean, Latin America and globally via direct sales and an authorized reseller network.

Product overview

HRplus Software offers a modular, fully integrated HR, payroll, and time & attendance ERP solution. The portfolio consists of three tiered packages—Basic (covering core HR, leave, benefits, self-service, and medical), Professional (adding appraisals, training, company assets, recruitment, smart goals, 360 multi-rater, succession planning, health & safety, employee relations, and education support), and Enterprise (adding Payroll and Time modules). Core standalone modules include HRplus HRIS, Payroll (available in-house or SaaS, supporting 24 countries), Time and Attendance, and Payroll Outsourcing BPO. All modules share a unified database requiring single-entry data entry and support multi-company, multi-territory, multi-currency, and multi-language operations. Deployment options include cloud-based SaaS and traditional on-premise. Productivity tools including dashboards, pivot tables, user-defined workflows, and a built-in intranet are bundled as part of the broader platform. The platform also integrates with TalentLMS for training delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• HRplus HRIS Core Human Resources Information System serving as the central employee database and HR backbone, supporting multi-company, multi-territory environments with hierarchical organizational structures and lifecycle management for medium and large enterprises.
• HRplus Payroll Payroll processing module available standalone (in-house installation) or as cloud SaaS, currently localized for 24 countries, with multi-currency, multi-company and multi-territory processing, advanced GL and built-in statutory reporting.
• HRplus Time (Time and Attendance) Time and attendance module integrating with Payroll and Leave, supporting flexible schedules, automated payment rules, overtime calculation and biometric time-clock synchronization for distributed workforces.
• HRplus Payroll Outsourcing (BPO) Managed payroll business-process-outsourcing service where HRplus processes the full payroll cycle on behalf of clients, including data entry, payroll runs, payslip preparation, bank deposits, statutory reports (TDS, year-end) and GL/ACH reporting, via a secure client portal.
• HRplus Cloud (SaaS) Deployment Cloud-hosted delivery of the HRplus HRMS, with HRplus managing servers, daily backups and software maintenance, priced at approximately one-third of the initial on-premise license cost per year.
• HRplus On-Premise Deployment Traditional on-premise installation of the HRplus HRMS for organizations that prefer to host the system on their own infrastructure, accessible via web browsers or company WAN.

Quantifiable outcome

• Saves up to 50% on monthly outsourcing costs compared to traditional payroll BPO providers
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature8 records

Partnerships

Two partnerships are on record, tiered core and minor.

• SAP (SQL Anywhere)coreTechnology or IntegrationSAP is described as an ASP OEM partner providing the SQL Anywhere database platform that underpins HRplus applications. As an OEM partner, HRplus embeds SAP's SQL Anywhere database technology as a core infrastructure component of its HRMS platform, ensuring enterprise-grade data management and reliability.
• Microsoft Azure MarketplaceminorGTM or Marketing PartnerHRplus is listed in the Microsoft Azure Marketplace as a Microsoft Partner, enabling enterprise customers to discover and procure HRplus solutions through Microsoft's cloud ecosystem and co-selling network.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• BUK: Cloud-native payroll and HR platform serving the Latin American market. Emerging player that overlaps with HRplus on multi-country LATAM payroll and HRIS for SMEs and mid-market customers.
• BambooHR: Cloud HRIS platform focused on small and mid-market employers with core HR, payroll, and employee self-service capabilities. Competes at the small-to-mid-market tier of HRplus's customer base.

Direct peers

• Ceridian / Dayforce: Cloud HCM platform offering payroll, benefits, workforce management, and talent management on a single application. Direct competitor in the mid-market and enterprise HCM space with comparable multi-country capabilities.
• Paylocity: Cloud-based payroll and HRIS provider targeting mid-market employers with integrated HR, payroll, benefits, and talent management — comparable in target customer segment and product positioning.

Broad incumbents

• Oracle HCM Cloud: Oracle's enterprise cloud HCM suite covering core HR, payroll, talent, and workforce management. Targets the same large multinational HRIS customer segment as HRplus.
• UKG (Ultimate Kronos Group): Large HCM and workforce management provider combining UKG Pro (HCM) and UKG Dimensions (WFM). Competes directly with HRplus on time & attendance, payroll, and HRIS for mid-market and enterprise customers.
• ADP: Largest global payroll and HR services provider with deep multi-country payroll capabilities and a major presence in Caribbean/LATAM through ADP Latin America. Directly overlaps with HRplus on payroll processing, payroll BPO, and HRIS for mid-to-large enterprises.
• Workday: Global enterprise cloud HRMS leader offering HR, payroll, talent, and finance on a unified platform. Competes with HRplus for large multinational HRIS deals, particularly as Workday expands its multi-country payroll coverage in LATAM.
• SAP SuccessFactors: SAP's enterprise HCM suite that competes for large multinational HRMS deals globally and is particularly relevant given HRplus's use of SAP SQL Anywhere. Competes in core HR, payroll, talent management, and learning.

Regional players

• Softland S.A. Latin American enterprise software provider offering payroll, HR, and ERP solutions primarily across Spanish-speaking LATAM markets. Direct regional competitor with similar multi-country Latin American payroll positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HRplus-Software-546038908874348/?ref=hl
• LinkedInlinkedin.com/company/hrplus-software-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 HRplus Software