Welcome to our dedicated page for Asure Software news (Ticker: ASUR), a resource for investors and traders seeking the latest updates and insights on Asure Software stock.
Company Overview
Asure Software Inc (NASDAQ: ASUR) is a technology-driven provider of cloud-based Human Capital Management (HCM) solutions designed to empower organizations by streamlining their workforce management processes. At its core, the company delivers a comprehensive suite of software-as-a-service (SaaS) offerings, integrating HR, payroll, tax management, time and attendance, benefits administration, and talent management. Focused on both small and mid-sized businesses, Asure Software enables clients to optimize their human capital strategies while ensuring operational compliance and efficiency.
Core HCM Solutions
Asure Software’s primary product suite, known as AsureHCM, is built on a robust, scalable cloud platform that delivers essential HCM tools including:
- HR Management: Streamlined solutions covering recruitment, employee records, performance management, and consulting services.
- Payroll and Tax Administration: Automated payroll processing integrated with cutting-edge tax management systems to help businesses remain compliant with evolving tax regulations.
- Time and Attendance: Innovative tracking systems that manage employee schedules, streamline timekeeping, and foster effective resource allocation.
- Benefits Administration and Talent Management: Tools designed to enhance employee engagement, streamline benefits, and guide talent acquisition strategies.
Comprehensive Platform Integration
Leveraging the SaaS delivery model, Asure Software collects, consolidates, and analyzes critical data points—ranging from people and time to physical assets—enabling businesses to effectuate strategic decisions based on accurate insights. This level of integration not only drives operational efficiency but also fortifies HR compliance efforts by minimizing manual errors and enhancing data integrity.
Market Position & Competitive Landscape
Operating in the competitive landscape of HCM solutions, Asure Software holds its ground through a unique focus on scalable, cloud-based offerings that are specifically designed for an agile workforce. By integrating innovative features such as AI-powered compliance mechanisms and seamless interoperability with established enterprise systems, the company differentiates itself from competitors by addressing both the operational and strategic needs of its client base. Its approach is characterized by a commitment to quality, regulatory compliance, and a clear demonstration of in-depth industry knowledge.
Innovation & Strategic Partnerships
The company continually evolves its platform through strategic acquisitions and valuable partnerships. Recent collaborations have expanded its capabilities in background screening services and applicant tracking, which enhance the recruitment process for small and mid-sized businesses. Moreover, its ties with technology leaders like AWS have enabled Asure to integrate artificial intelligence and machine learning enhancements into its payroll tax management and HR systems. These initiatives underline Asure Software’s commitment to leveraging technology to drive tangible improvements in HR functions and compliance assurances for its clients.
Key Features and Value Proposition
Asure Software’s offerings are characterized by several notable features that serve as its primary value propositions:
- Flexibility and Scalability: Tailored solutions that adapt to business growth while facilitating the digital transformation of HR processes.
- Enhanced Compliance: Built-in regulatory support and AI-augmented features that keep companies up-to-date with the latest legal requirements.
- Integrated Workforce Management: A unified platform that connects various facets of human resource operations, thereby reducing administrative burdens and enabling data-driven decision making.
- Cost-Effective SaaS Delivery: Cloud-based accessibility ensures that companies can access state-of-the-art HR tools without the burden of large capital expenditures.
Client Focus & Industry Applications
The versatility of Asure Software’s cloud-based HCM solutions allows it to cater to a diverse range of industries. Its client base spans from local and regional businesses to larger enterprises that require reliable, scalable, and secure HR management systems. By providing specialized HR compliance services and a high degree of collaboration between people, time, and assets, Asure Software not only meets but exceeds the operational expectations of modern businesses. Its platforms are designed keeping in mind the challenges of managing a global, mobile workforce, and they incorporate tools specifically engineered to support an agile, modern business environment.
Commitment to Expertise
With decades of cumulative experience in the HCM space, Asure Software places a strong emphasis on continuous improvement and innovation. Its industry experts consistently refine the product suite based on client feedback and evolving market trends, ensuring that every element of the platform meets high standards of efficiency, usability, and industry compliance. The integration of advanced analytical tools further demonstrates the company’s commitment to ensuring that its clients have actionable insights at their fingertips, thus reaffirming its dedication to building trust and authority within the HCM domain.
Industry Terminology & Approach
Throughout its operations, Asure Software employs key industry terminology such as cloud-based HCM solutions, SaaS delivery model, and workforce management to clearly communicate its business model to stakeholders. This commitment to clarity and precision reinforces its expertise and authoritativeness in the highly competitive field of human capital management.
Overall, Asure Software Inc represents a compelling example of how technology can be leveraged to revolutionize traditional HR functions. Its integrated, scalable, and technology-forward approach to HR and payroll solutions not only enhances operational efficiency but also provides businesses with the tools necessary to navigate the complexities of modern workforce management.
Asure Software reported strong third-quarter results for 2021, with revenue of $17.98 million, marking a 12% increase year-over-year. The company achieved significant milestones, including the acquisition of two payroll businesses and the launch of an integrated payroll and HR platform for small businesses. Notably, GAAP net income reached $5.3 million, boosted by a $10.5 million gain related to the Employee Retention Tax Credit (ERTC). Looking ahead, Asure expects fourth-quarter revenue between $20.5 million and $21 million and projects fiscal year 2022 revenue of $85 million to $90 million.
Asure (Nasdaq: ASUR), a leader in cloud-based Human Capital Management (HCM) solutions, will release its third quarter 2021 financial results on November 8, 2021, after market close. A conference call hosted by CEO Pat Goepel and CFO John Pence will occur at 3:30 PM CT (4:30 PM ET) on the same day to discuss these results. Interested parties can access the live webcast and replay on the company's investor relations website.
Asure Software reported strong second-quarter results, achieving 22% revenue growth year over year, totaling $17.2 million. This growth was driven by both organic and inorganic means, notably from its acquisition of Payroll Tax Management. Bookings surged by 48% year over year, indicating a healthy sales strategy. The company ended the quarter with $20.3 million in cash and reduced its debt by 41%. Guidance for the third quarter predicts revenue between $17.0 million and $17.5 million, suggesting continued positive momentum.
Asure (Nasdaq: ASUR) will release its Q2 2021 financial results on August 9, 2021, after market close. A conference call will follow at 3:30 p.m. CT (4:30 p.m. ET) featuring Chairman and CEO Pat Goepel and CFO John Pence. The event will include a Q&A session and will be accessible via a live webcast on Asure's investor relations website.
Asure specializes in cloud-based Human Capital Management (HCM) solutions, helping over 80,000 small and mid-sized businesses enhance their workforce management.
Asure (NASDAQ: ASUR) reported first-quarter 2021 results, showing total revenue of $19.8 million, up 20.5% sequentially and 4.5% year-over-year. Recurring revenue from year-end W2/ACA was $3.6 million, a significant increase. Although EBITDA rose to $2.6 million, non-GAAP EPS fell to $0.12, a decline of 44% year-over-year. The company is optimistic about future growth and has reintroduced guidance for the upcoming quarter, forecasting revenues between $16.5 million and $17 million.
Asure (NASDAQ:ASUR) will announce its Q1 2021 financial results on May 10, 2021, after market close. A conference call will follow at 3:30 PM CT, featuring CEO Pat Goepel and CFO John Pence. Interested parties can join the call using the provided dial-in numbers or through a live webcast on the company's investor relations website. Asure provides Human Capital Management solutions, serving over 80,000 businesses with tools for payroll, HR, and compliance.
Asure (NASDAQ: ASUR) reported its fourth-quarter and full-year 2020 results, showing a sequential revenue growth of 3% to $16.4 million despite a 6.7% year-over-year decline. Non-GAAP HCM EBITDA increased 13% sequentially, reaching $1.1 million. The company added over 100% more small business HCM bookings year-over-year. Asure emphasized its commitment to small businesses, aiming for 10% organic and acquired growth. However, the ongoing impact of COVID-19 negatively affected year-over-year results and net income remains in a loss position.
Asure (NASDAQ: ASUR), a leader in cloud-based Human Capital Management (HCM) software, will announce its fourth quarter 2020 financial results on March 11, 2021, after market close. A conference call with CEO Pat Goepel and CFO John Pence is scheduled for 3:30 PM CT (4:30 PM ET) to discuss the results and address questions. The call can be accessed via U.S. and international dial-ins or through a live webcast on the company’s investor relations site.
Austin-based Asure (NASDAQ: ASUR) announces a new leadership structure aimed at enhancing its growth strategy. Three key appointments include John Pence as Chief Financial Officer, Todd Waletzki as Chief of Staff, and Yasmine Rodriguez as Sr. Vice President and General Manager, Tax & Compliance. Each brings extensive experience in Human Capital Management (HCM) and is set to contribute to Asure's vision and operational strategies. CEO Pat Goepel expressed confidence in their ability to drive momentum and ensure future success.
Asure Software (NASDAQ: ASUR) has successfully completed its underwritten public offering, selling 2,600,000 shares at $7.25 each, generating gross proceeds of $18,850,000. This offering included shares purchased by key executives. The net proceeds will be allocated for general corporate purposes, including potential acquisitions, though no specific agreements are currently in place. Roth Capital Partners led the offering, with Craig-Hallum and Barrington as co-managers. The offering was registered under an effective SEC statement.
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