- Targets to rope in 1,00,000 users by the end of September 2022 and be the most affordable HCM partner of choice among the employee-first Fortune 500 companies across the world
- Akrivia HCM is the first enterprise Indian HRMS platform to offer the entire employee lifecycle suite in-house with multi-country localisations and their own IPaaS ( Integrations platform as a service ) with payroll for 15+ countries.
MUMBAI, India — Homegrown SaaS startup Akrivia, today unveiled Akrivia HCM, the first enterprise Indian HRMS platform to offer the entire employee lifecycle suite in-house with multi-country localisations and their own IPaaS ( Integrations platform as a service ) with payroll for 15+ countries. It also offers a fully-managed LMS (Learning Management System) that does not require any third-party investments. The platform will offer over 20 plus cloud-native modules to take care of end-to-end employee lifecycle management utilities from recruitment to retirement.
Akrivia HCM is built around the EPIC framework i.e Enablement, Product Innovation, and Customer Centricity, which differentiates it from the other enterprise players in the market. It aims to help HR leaders automate transactional tasks on the back of AI/ML-powered analytics and insights; thereby eliminating slack, improving turnaround times, and enhancing the employee experience. At present, Akrivia HCM has over 20 renowned beta customers that have a respective employee strength of over 2000. The customers hail from varied sectors like electronics & telecommunications, food & beverages, BFSI, and so on.
Commenting on the launch, Rahul Varma Kalidindi, CEO and Co-Founder of Akrivia HCM, said, “New age enterprises that prioritize business resilience keep their workforce close, but workforce management strategies closer. Because talent lost by an organization means talent earned by a competitor; which is business critical in current times of crunch from multiple fronts, like skills or workforce or even funds. Comprehensive and affordable cloud-based HRMS platforms can become game-changers in attracting, hiring, developing, recognizing, and retaining talent if utilized optimally. Akrivia HCM was birthed to realize this vision.”
“Our core focus has always been to disrupt the areas of product innovation, implementation, and customer success; basis of which we had already onboarded 20 customers in our beta run across India, Middle East, and South East Asia. Going forward, we are on track to rope in 1,00,000 users by the end of September 2022,” he added.
The launch of the platform was announced at the prestigious HR Tech Summit and Awards in Mumbai which witnessed the presence of key industry leaders like Adhir Mane, CHRO, Raymond; Sanjay Biswas, Associate Vice President, HR, Crompton Greaves Consumer Electrical Limited and Santanu Banerjee, CHRO Bajaj Allianz Life.
About Akrivia HCM:
Akrivia was started in the year 2016 as a SaaS company building products for large enterprises. Today, the startup offers two products: Akrivia Facttwin and Akrivia HCM. Akrivia HCM is a Human Capital Management software built for the future workforce by Akrivia. The platform covers the entire hire-to-retire lifecycle enabling organizations to attract, hire, develop, recognize and retain talent with analytics and insights to build a culture of transparency, collaboration, and performance. The product’s development started in early 2018 intending to build the next generation HRMS for enterprises, that can replace legacy HR Tech dominated by SAP, Workday, and Oracle. The firm is 300+ employees strong, with 250+ minds working dedicatedly on Akrivia HCM. The firm has beta customers, sales, implementation, and support teams in India, Middle East, and Southeast Asia, with product innovation, customer centricity, and HR enablement as its core tenets. Akrivia’s engineering teams are based out of Hyderabad and Visakhapatnam.