Namely received its Series A funding in June 2013, raising $3.4M with True Ventures as the lead investor. In July 2019, Larry Dunivan succeeded Elisa Steele as CEO. In August Elisa Steele was appointed as Namely’s permanent CEO. In May 2018, the company fired its founder and CEO Matt Straz for actions “inconsistent with that which is expected of Namely leadership". Currently, it has over 500 employees and serves more than 1000 clients. Since then, Namely has grown to add four more office locations in San Francisco, Los Angeles, Atlanta, and Austin. In 2017, Namely introduced two new services: Time Management and Managed Services. That year, Namely also relocated its corporate headquarters to lower Manhattan. In 2016, Namely and Cigna introduced a new benefits exchange that included 12 pre-defined medical, dental, vision, and life insurance plans. Namely’s early service offering included HR information system, social newsfeed, payroll, and performance management tools. Namely does not have global offices, however.On January 17, 2012, Namely was founded in Greenpoint, Brooklyn. Namely works with a large number of global companies and has partnerships with global payroll solutions. Namely can serve as a global system-of-record allowing international employees to onboard, complete performance reviews and manage leave in the system.
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However, custom integrations are not always the easiest to build with Namely, due to their lack of professional services resourcesįree Tool: HRIS Requirements Builder Global Capabilities Namely has marketplace integrations with many leading HR point solutions. Namely has always prioritized integrations with 3rd party systems, giving their clients the choice between all-in-one and best-in-class.
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This fee is typically ~10-25% of the annual software fees.īlog: How to Negotiate an HRIS Agreement Strengths Depending on the modules included and the size of your company, Namely's software fees can cost between $16 and 24 PEPM.Īdditionally, Namely does charge a nominal implementation fee to clients to get started. Namely charges companies on a quarterly or annual subscription basis. SMB solutions tend to have limited rules engines and custom workflow tools, which can limit how scalable they can be.īlog: How Long Does it Take To Buy and Implement an HRIS Costs A solution like Namely usually takes 6-8 weeks to implement and requires a bit of configuration work from the administrator. Additionally, they are typically built with integrations in mind and have open APIs. SMB solutions are typically more user-friendly and more modernly designed than other vendors. SMB solutions are designed to cover some, but not all HR needs with some gaps to be filled in by 3rd party solutions. Namely is considered an SMB HRIS, which means the system works best for companies with between 50 and 350 employees. Learn More: Build your own vendor report comparing Namely and their competitors Market Segment Their solution covers a large portion of Core HR functionality and, where they can't offer certain functionality, they have integrations with leading 3rd parties. Namely was built with the employee experience in mind and designed their HRIS from the ground up to be mobile-first, employee-centric and on-par with other consumer apps that younger workforces use outside of work.
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