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Asure Software, Inc. (NASDAQ: ASUR) is a leading provider of cloud-based Human Capital Management (HCM) software solutions. With a focus on helping small and mid-sized businesses (SMBs) develop their human capital, Asure ensures they stay compliant, efficiently allocate resources, and drive growth. The company's HCM suite, branded as AsureHCM, includes cloud-based payroll and tax services, HR management, and time and attendance solutions. Additionally, Asure offers HR services ranging from projects to outsourcing payroll and consulting services.
Serving over 5,000 clients worldwide, Asure brings innovative workplace and workforce management solutions that meet the evolving needs of an agile workforce. Their comprehensive suite includes HR, payroll, time and attendance, benefits administration, and talent management. These solutions are designed to streamline HCM processes, making them more efficient and scalable by integrating AI technology.
Recent achievements highlight Asure's commitment to innovation and growth. The company announced a strategic partnership with Key Benefit Administrators (KBA) to deliver the Proactive Health Management Plan (PHMP). This partnership aims to enhance employee health and reduce costs for employers and employees by offering a wide range of health services, including telemedicine, biometric screenings, and wellness coaching.
Financially, Asure reported significant growth in 2023 with a total revenue of $119.1 million, a 24% year-over-year increase. The company's efforts to advance technology through strategic partnerships, such as its invitation to join the SAP PartnerEdge Open Ecosystem, are expected to drive future growth. This partnership allows Asure to enhance its payroll tax engine and streamline payroll tax processes for SAP clients.
Asure's approach to HR compliance incorporates AI to enhance scalability and efficiency while prioritizing client interactions. Their ongoing initiatives, including the integration of generative AI through a partnership with AWS, aim to push the boundaries of HCM technology, providing more agile, efficient, and user-centric solutions.
For more information on Asure Software's latest news and services, visit their official website at www.asuresoftware.com.
AUSTIN, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Asure Software (Nasdaq: ASUR) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, virtually. Eyal Goldstein, President and Chief Revenue Officer, and John Pence, CFO, will present and hold one-on-one meetings with investors. Asure specializes in cloud-based Human Capital Management (HCM) solutions, providing services like Payroll and HR to small and mid-sized companies. For inquiries or to arrange meetings, contact Asure's investor relations team.
Asure Software reported Q3 2022 revenue of $21.9 million, a 22% increase year-over-year, but incurred a net loss of $4.5 million compared to net income of $5.3 million in Q3 2021. Adjusted EBITDA rose 71% to $2.1 million, with total bookings increasing by 91% year-over-year. Asure raised its Q4 revenue guidance to a growth range of 11% to 14% and provided preliminary 2023 revenue guidance of $98 to $102 million. The company is focusing on automation and enhancing HR compliance to drive future revenue growth.
Asure, a cloud-based Human Capital Management (HCM) software provider, announced the release of its financial results for Q3 2022, scheduled for November 7, 2022, after market close. The company will hold a conference call hosted by CEO Pat Goepel and CFO John Pence at 3:30 PM CT to discuss the results, followed by a Q&A session. Investors can access a live webcast on their Investor Relations page.
Asure supports over 80,000 small and mid-sized businesses with solutions including payroll, tax, HR, and compliance.
Asure Software and Equifax have announced a new integration that enables Asure's clients to access automated verification services from The Work Number. This integration aims to streamline employment and income verifications for small businesses, benefiting approximately 80,000 customers. Employers will save time by reducing manual verification requests, while employees can achieve faster access to critical services during life milestones. The integration is available at no cost to Asure clients and reflects a commitment to enhancing Human Capital Management (HCM) functionality.
Asure Software and Equifax have announced a new integration that allows Asure clients access to The Work Number, providing automated verifications for employment and income. This integration aims to benefit over 80,000 small businesses and their employees by streamlining the verification process, reducing manual efforts, and enhancing efficiency. With a database of 584 million employment records, The Work Number offers quick and secure verifications, essential for significant life events like mortgage applications. The service is available now at no extra cost to Asure clients.
Asure Software (Nasdaq: ASUR) has unveiled new proprietary technology aimed at automating back-office processes for CPAs and tax professionals dealing with the Employee Retention Tax Credit (ERTC). This innovation responds to increased demand for amended tax returns, streamlining the calculation of compliant tax credits for small businesses. CEO Pat Goepel emphasized that this technology will not only enhance operational efficiency for CPA partners but also drive organic growth for Asure. The solution builds on Asure’s existing FlexTax platform, which facilitates cloud-based payroll tax processing.
Asure Software has signed an agreement to be a preferred provider of payroll tax filing software for PrismHR, enhancing Asure's offerings in the PEO and ASO markets. This partnership integrates Asure’s FlexTax payroll tax filing engine with PrismHR’s payroll system, benefiting over 80,000 organizations. The service includes a flexible suite of Payroll Tax Management Services, with an intuitive 24/7 interface for users. The integration is set to launch on October 1, providing businesses with scalable solutions for payroll tax filing as they navigate evolving HR landscapes.
Asure Software (Nasdaq: ASUR) reported strong Q2 2022 results, with revenue reaching $20.3 million, marking an 18% increase year-over-year. The company achieved an impressive 87% growth in new sales bookings and a 23% rise in Non-GAAP EBITDA to $1.3 million. Despite a net loss of $0.7 million, Asure maintained a solid cash position of $14.6 million. The company plans to launch innovative solutions, including a new Tax Portal and Integration Marketplace, aimed at enhancing client experience and operational efficiency.
Asure Software (Nasdaq: ASUR) has launched a new Asure Tax Portal aimed at enhancing transparency and efficiency for clients regarding tax compliance. This web portal allows users to easily access tax returns, schedules, and real-time filing statuses from a single, secure location. The portal is particularly beneficial for payroll providers and CPA partners, streamlining management across 7,000+ tax jurisdictions. Asure highlights this development as a significant competitive advantage in the Human Capital Management sector, improving operational efficiency for large enterprises.
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