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 (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced it will release its third quarter 2024 financial results on October 31, 2024. The company will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results.
The call will be led by Asure's Chairman and CEO Pat Goepel and CFO John Pence, followed by a question-and-answer session. Investors can join the call using the U.S. dial-in number 877-407-9219 or the international dial-in 201-689-8852, with the confirmation code 13749566. The call will also be webcast on Asure's investor relations website, with a replay available afterwards.
Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced its participation in two investor conferences in September 2024. The company will attend the 17th Annual Barrington Research Virtual Fall Investment Conference on Thursday, September 12, 2024, participating in virtual one-on-one meetings. On the same day, Asure will also be present at the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference in New York, NY, engaging in one-on-one meetings with investors. These conferences provide Asure Software with opportunities to connect with financial institutions and potential investors, showcasing their HCM solutions and business strategy.
Asure (NASDAQ: ASUR) has acquired HireClick, an innovative applicant tracking system (ATS) designed for small and mid-sized businesses. This strategic move expands Asure's Human Capital Management (HCM) suite with an AI-powered hiring solution that streamlines the recruitment process. HireClick offers features such as job description creation, posting to national job boards, applicant tracking, and a personalized careers website.
The acquisition aligns with Asure's mission to simplify people management and help businesses compete for top talent. Pat Goepel, Asure's Chairman and CEO, emphasized the importance of hiring in business success and the company's goal to reduce administrative burdens. Scott Peterson, VP and GM for HireClick, highlighted the solution's ability to make digital talent acquisition more accessible for employers and job seekers alike.
Asure Software (Nasdaq: ASUR) reported Q2 2024 results with revenue of $28 million, down 8% year-over-year due to a $6.5 million reduction in ERTC revenue. However, recurring revenue grew 18% to $27.1 million. The company experienced a net loss of $4.4 million and Adjusted EBITDA of $4.1 million.
Key highlights include:
- Revenue excluding ERTC up 18% to $27.5 million
- Gross profit of $18.9 million
- Non-GAAP gross profit of $20.4 million (73% margin)
Asure announced new partnerships and acquisitions, including an agreement with Vensure Employer Solutions and the acquisition of an applicant tracking system technology company. The company updated its full-year 2024 revenue guidance to $123M-$129M.
Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Thursday, August 1, 2024, at 4:30 p.m. Eastern time. Asure's Chairman and CEO Pat Goepel, along with CFO John Pence, will host the call, which will be followed by a question-and-answer session.
Financial results will be released via press release prior to the call. Investors can join the conference call using the provided U.S. and international dial-in numbers. The call will also be webcast on Asure's investor relations website, with a replay available afterwards.
Asure (NASDAQ: ASUR) announced a strategic partnership with MyHRScreens to provide enhanced background screening services for small and mid-sized businesses. This collaboration aims to streamline the hiring process by offering comprehensive background checks, including criminal history, employment, education verifications, and drug testing. CEO Pat Goepel emphasized the importance of these screenings in mitigating risks and accelerating onboarding. The partnership will enable Asure's SMB clients to make informed, confident hiring decisions, ensuring legal compliance and a safer work environment.
Asure Software (NASDAQ: ASUR) has announced a new agreement with Vensure Employer Solutions to introduce the PrismHR TAX platform. This collaboration aims to enhance payroll tax management services for PrismHR clients and Vensure's internal operations. Leveraging Asure's advanced technology, the platform ensures compliance with federal, state, and local tax regulations, reducing financial risk for companies. The agreement is expected to provide Vensure and its clients with improved regulatory compliance and streamlined payroll processes, strengthening their HR technology portfolio.
Asure (NASDAQ: ASUR), a major provider of cloud-based Human Capital Management (HCM) software, has released its 2024 HR Benchmark Report, focusing on small businesses. The report highlights that companies prioritizing HR best practices significantly outperform their peers. Surveying over 1,000 SMBs, it examines eight HR practices: recruiting, hiring, benefits, onboarding, development, compliance, retention, and post-employment. Key findings include that fast-growth companies adopt HR best practices at an 83% rate, compared to 64% for zero-growth firms. Competitive benefits like 401(k) plans and wellness programs are important in attracting and retaining talent, with 74% of fast-growth companies offering them versus 50% of zero-growth firms. Effective onboarding, investment in employee development, and strong compliance measures are also vital for business success.
Asure (NASDAQ: ASUR) has announced that Vidya Sagar Ravipati, Applied Science Manager at the AWS Generative AI Innovation Center, will be a guest speaker at its EVOLVE 2024 conference in Austin, TX, from June 4-7, 2024.
Vidya Sagar will discuss the transformative power of generative AI in Human Capital Management (HCM) technology. The event, designed for Asure reseller partners, will focus on helping resellers drive growth and enhance efficiency.
Asure's collaboration with AWS aims to integrate advanced AI and machine learning capabilities into HCM solutions, optimizing workflows, enhancing user experiences, and expediting innovation. Attendees will gain insights into leveraging these technologies for digital transformation.
Asure, a provider of cloud-based Human Capital Management (HCM) software, has announced the release of the 100th episode of its 'Mission to Grow' podcast.
This milestone highlights Asure's dedication to aiding small businesses with essential insights and strategies. The latest episode addresses the FLSA overtime threshold, a regulation potentially impacting 4 million business owners.
Since its launch, the podcast has offered valuable content on leadership, HR compliance, and employee engagement, hosted by Asure CMO Mike Vannoy. Asure continues to support small businesses with innovative workforce management solutions, including HR, payroll, and time management tools.
Listeners can access the podcast on major platforms such as Apple Podcasts, Spotify, and Google Podcasts, as well as view episodes on YouTube.
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