PeopleDoc is a French company specialized in Human Resources solutions in the form of Cloud services. Discover all you need to know about its history and its software…
The French company PeopleDoc offers Human Resources solutions in SaaS (Software as a Service Cloud) format. As its name suggests, the platform mainly allows to centralize all documents related to Human Resources from multiple sources and systems to simplify their management.
What are PeopleDoc’s softwares?
By using this Cloud platform, HR departments in companies can interact with employees from anywhere, at any time. Employee queries can be answered very easily with the Case Management product and the Knowledge Portal.
These two tools enable employees to easily find HR information that they are looking for, and for HR to process more complex requests more quickly.
Besides.., processes can be automated thanks to the product HR Process Automation. This tool allows you to automate on-boarding, promotions or transfers. HR teams can thus gain in agility and optimise the employee experience.
In addition, PeopleDoc also develops various tools to automate HR processes as much as possible. For example, it is possible to use this platform to Communicate with the HR team and notify them of a change..
PeopleDoc also offers an Advanced Analytics data analysis service. HR teams can take advantage of dashboards to support their decisions with reliable data and improve their performance.
With the Employee File Management productHR documents can be stored and managed centrally, securely and compliantly. You can easily create and store employee records, manage access and share them.
I mean, come on, the MyPeopleDoc digital safe makes it easier to distribute HR documents such as pay slips to employees. Each employee can receive their documents in their digital safe, which will remain accessible even if they change companies.
These different products enable HR teams to spend less time on tedious administrative tasksand more time to connect with employees to provide a better experience and strengthen their engagement.
With more than 265 employees, PeopleDoc has offices in France, the United States, Germany, the United Kingdom, the Netherlands, Finland and Canada. Among more than 1000 customers in 180 countriesIt includes companies such as Avis Budget Group, Club Med, GoDaddy, HSBC, Nestle, Yves Rocher, Starbucks and Motorola.
The PeopleDoc Story
The PeopleDoc story begins in 2007, on the campus of the prestigious HEC business school Business School in Paris. First, Jonathan Benhamou and Clément Buyse created Novapost with the idea of offering a unified digital file management system.
Subsequently, in 2009, the two co-founders of PeopleDoc decided to respond to a strong demand for a product specifically designed for the human resources sector. They develop Cloud technology to assist HR teams in their tasks.
The objective? To enable them to gain in efficiency, reduce their costs, automate the most tedious processes and especially provide a better level of service to employees.
In 2012, PeopleDoc raises 1.5 million euros in Seed from Alven Capital and Kernel Capital Partners. Then, in 2014, the company will expand internationally by offering its software worldwide. It raises $17.5 million in Series B, with Accel Partners as lead investor.
In August 2015, the firm is sponsoring the Employee File Management Survey. This study aims to better understand the impact of technology on Human Resources.
A new Series C fund raising28 million, takes place in September 2015. The main investor is Paris-based Eurazeo, but previous investors Accel Partners, Alven Capital and Kernel Capital Partners are also responding to the call.
The acquisition by Ultimate Software
In 2018, PeopleDoc is acquired by another company specializing in HR solutions: Ultimate Software, listed on NASDAQ. The American firm acquires PeopleDoc for $300 million in cash and shares.
This HR software dinosaur, founded in 1990 and listed on the stock exchange since 1998, is known for its UltiPro solution offered in SaaS since 2002. This platform allows to manage all aspects of human resourcesfrom payments to schedules to employee performance.
There are two reasons why Ultimate Software acquired PeopleDoc. Firstly, by buying this French startup, the American colossus is looking to expand internationally and to attract new customers in Europe.
Furthermore, knowing that the two companies do not quite offer the same solutions, PeopleDoc comes expand the Ultimate Software catalog. The latter now distributes PeopleDoc services to its own clients.
Prior to its acquisition by Ultimate Software, PeopleDoc had approximately 1,000 companies among its clients representing a total of 4 million employees. It now serves Ultimate Software’s 4100 customers representing approximately 38 million employees.