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Darwinbox: There’s a new entrant in the 2021 Gartner Magic Quadrant for Cloud HCM Suites

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Gartner, Inc, conducts this research across key categories such as Core HR, Payroll and Benefits, Talent Management (Recruitment, Onboarding, Performance Management, Career Succession Management, Learning, Compensation and Workforce planning), Workforce Management (Time and Attendance), Reporting and Analytics, HR service Delivery andthe ability to deploy globally.

Darwinbox assumes its position in the MQ alongside heavy hitters like SAP, Oracle, Workday and is stirring up a space that has been dominated by the same set of vendors for a long time.Additionally, Darwinbox retains its position as the best rated solution on Gartner’s Peer Insights platform with an average rating of 4.8 – the highest amongst any of its peers on the MQ.

Jayant Paleti, Co-founder of Darwinbox, remarks –

“As a fast-growing technology company operating amongst players boasting legacy of decades globally, we feel proud to have made our mark and we attribute our success to the amazing partnerships we’ve been able to see in our customers.

Why is this special? — Not only is this our debuting year on the magic quadrant but also marks the milestone of being best rated amongst all HCM players in the world on Gartner’s Peer Insights. In addition to being a great industry validation, this acknowledges what our global customers have been saying for some time now –They trust Darwinbox and its ability to set them up for success in defining the future of work workforces across countries.

We’re humbled, in no mood of slowing down and will leave no stone unturned in making sure we deliver everything that our customers need to WIN.”

Referring to Darwinbox’s Customer Experience and Momentum as a strength, Gartner quotes:

For its size, Darwinbox has strong customer traction. Furthermore, it has a rapidly growing number of customer ratings on Gartner’s Peer Insights platform, most of which are favourable.
– Gartner MQ Report 2021

More than 550+ global enterprises customers including Vedanta Group, Adani, JG Summit, Mahindra, Kotak, GVK group companies, Bharti AXA, Swiggy, have chosen Darwinbox to gain operational efficiency, make smarter and faster decisions, and prepare for the future of work.

The company built its end-to-end integrated HCM suite including Workforce Management, Talent Acquisition, Talent Management, HR Service Delivery, Compensation and Benefits Suite, and Hybrid Work Suite to consistently deliver extremely sticky HCM experiences to diverse workforces. The employee adoption on the platform averages ~95% in just the first few weeks of deployment, allowing customers to maximize the ROI of their HR transformation. This leads Gartner refers to Darwinbox’s business model and value as a strength and quotes ‘good value, compared to other vendors in this magic quadrant’ on the report.

Furthermore, the report draws attention to Darwinbox’s Technology Foundation as one of its key strength’s and quotes:

Darwinbox was one of the first vendors to develop a cloud HCM suite using Graph DB and microservices from the outset. The vendor also offers a lighter-weight, 10MB mobile app for use in regions with low bandwidth, which highlights its market awareness and technical execution.
– Gartner MQ Report 2021

Here’s what a few of their customers have to say about them (Source: Gartner peer Insights):

“Darwinbox – Great Choice For Enterprises”
“The most important benefit was that no homogeneity was forced where it was not required. All our legal entities have their own set of policies and processes.”

“HR Tech For The Agile Organization”
“Darwinbox’s CORE and deep integrations significantly reduced friction between teams and drove faster HR processes.”

When asked what’s next on the cards for this forward-looking organisation, Jayant Paleti shares “The timing of this inclusion is perfect for us. Darwinboxis already making significant strides in expanding our product and service offering in multiple new geographies including the US and Middle East. We are also focusing on new offices and key hires, expanding partner networks, and will be making heavy investment in global product roadmaps – a testament to ourfiery ambition as an organization.”

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Source: https://www.hrkatha.com/industry-news/darwinbox-theres-a-new-entrant-in-the-2021-gartner-magic-quadrant-for-cloud-hcm-suites/

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