Today’s buyers are armed with more information than ever before. Whether looking for a new car or a robust human capital management (HCM), purchasers can draw on a wide range of information sources to help them make the right pick. Sources are wide-ranging, from peer recommendations and reviews to expert publications.

When it comes to technology purchases, many decision-makers ultimately rely on analysts and expert recommendations to help guide that journey. IDC, which was recently named Analyst Firm of the Year for the fifth consecutive year, recently released its IDC MarketScape: Worldwide Cloud-Enabled Human Capital Management 2024 Vendor Assessment.

The IDC HCM MarketScape study is a premier vendor assessment tool. It delivers an assessment of vendor performance across cloud-enabled HCM platforms and solutions to IT buyers and vendors. The study helps purchasers evaluate products and services, identify vendors that best meet their criteria and confirm investment decisions with a 360-degree assessment of industry-leading HCM providers.  

isolved is positioned in the Major Players category in the newly published MarketScape report, earning the recognition due to its ability to scale and stimulate growth, its unified platform, approach to artificial intelligence (AI) and an enhanced support model for customers and partners.

 Here are just a few takeaways from the IDC MarketScape study:

Centralized payroll management: IDC noted isolved’s Perfect Payroll, which leverages AI to help payroll administrators catch payroll errors before they occur and improves accuracy, compliance and timeliness.

AI-powered recruiting: The report called out isolved’s use of automation in the recruiting process. In particular, the use of GenAI to accelerate job postings and AI-based candidate matching built on internal workforce insights to improve and accelerate the hiring process.

Analytics everywhere: IDC reported on isolved’s use of Analytics Everywhere, which leverages natural language processing to query data, generate specialized insights readouts and populate actionable dashboards to guide HR decisions.

Additionally, the IDC MarketScape study highlights a few of isolved’s standout strengths, including:

• isolved People Cloud™ delivers comprehensive functionality for small and medium-sized businesses (SMBs)
• The solution’s turnkey nature that drives adoption and engagement
• Proven support for compliance complexities in payroll and benefits 
• A span of functional capability that’s typically expected among enterprise-oriented solutions

Want to learn more about why IDC named isolved a Major Player? Click here to access the report.

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 About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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