Formerly | FactorialHR |
---|---|
Founded | 2016 |
Founder |
|
Area served | Worldwide |
Services | human resources software as a service, human capital management software as a service and applicant tracking system |
Number of employees | 1,000 (December 2023) |
Website |
factorialhr |
Factorial is a technology company that provides human resources software as a service. Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla, the company has offices in Barcelona, Miami, São Paulo, and Mexico City.
Factorial's software includes Absence management features, a Document management system, and built-in analytics. According to Select Software Reviews, Factorial is "devoted to solving the daily challenges of HR teams while placing a strong emphasis on data security." [1]
Factorial has seen rapid growth since its founding in 2016. [2] The company's breakthrough success came during the COVID-19 pandemic, when HR professionals were struggling with layoffs and furloughs. Factorial made its software available for free for a period of time while restrictions during the pandemic were in place. This led to new interest from companies that had never used cloud-based services before, and had previously only used manual methods for document management and other HR processes. [3]
Factorial received a Series B investment round of $80 million, followed by a Series C investment round of $120 million in 2022, raising the company's valuation to $1 billion and granting it unicorn status. [4] [5]
Factorial opened its Mexico City office in June, 2021 with the goal of helping 500 companies "reduce up to 60 hours a month of repetitive tasks and administrative work" in their HR management in Mexico. [6]
In 2023, Factorial opened its office in Miami to better serve their customers and partners in the region. [7] The choice of location in North America was part of the process of expanding in the US and Canadian markets with products that are localized for these markets. [8] The office is located in the Latitude One office building in Brickell. [7]
Factorial's goal is to provide companies with an "all-in-one" business management platform. [9]
According to Select Software Reviews, Factorial is best suited to " small and medium-sized businesses with many HR processes to streamline. It's specially suitable for organizations with a remote workforce and operations in Europe, the US, or Latin America." [1] The software also includes a downloadable mobile app version. [1]
Factorial offers a complete onboarding process and constant customer support. [1] The software is noted for its user-friendly design and compatibility with other business tools. [10]
The software is made up of a section for time off management with a team calendar where all absences and upcoming days off are collected and shared with the team, an employee self-service area which is a custom portal where employees can update their personal information, documents, holidays, documents, and events, and a separate dashboard for talent management. [1]
Factorial's key features include employee onboarding, time tracking software, a paid time off tracker, an organizational chart, payroll, a talent acquisition hub with an applicant tracking system, and much more. [1]
Factorial has an API, webhooks, and are Zapier-compatible. The software also has native integrations with Greenhouse, Slack, Google Calendar, Workable . [1]
Formerly | FactorialHR |
---|---|
Founded | 2016 |
Founder |
|
Area served | Worldwide |
Services | human resources software as a service, human capital management software as a service and applicant tracking system |
Number of employees | 1,000 (December 2023) |
Website |
factorialhr |
Factorial is a technology company that provides human resources software as a service. Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla, the company has offices in Barcelona, Miami, São Paulo, and Mexico City.
Factorial's software includes Absence management features, a Document management system, and built-in analytics. According to Select Software Reviews, Factorial is "devoted to solving the daily challenges of HR teams while placing a strong emphasis on data security." [1]
Factorial has seen rapid growth since its founding in 2016. [2] The company's breakthrough success came during the COVID-19 pandemic, when HR professionals were struggling with layoffs and furloughs. Factorial made its software available for free for a period of time while restrictions during the pandemic were in place. This led to new interest from companies that had never used cloud-based services before, and had previously only used manual methods for document management and other HR processes. [3]
Factorial received a Series B investment round of $80 million, followed by a Series C investment round of $120 million in 2022, raising the company's valuation to $1 billion and granting it unicorn status. [4] [5]
Factorial opened its Mexico City office in June, 2021 with the goal of helping 500 companies "reduce up to 60 hours a month of repetitive tasks and administrative work" in their HR management in Mexico. [6]
In 2023, Factorial opened its office in Miami to better serve their customers and partners in the region. [7] The choice of location in North America was part of the process of expanding in the US and Canadian markets with products that are localized for these markets. [8] The office is located in the Latitude One office building in Brickell. [7]
Factorial's goal is to provide companies with an "all-in-one" business management platform. [9]
According to Select Software Reviews, Factorial is best suited to " small and medium-sized businesses with many HR processes to streamline. It's specially suitable for organizations with a remote workforce and operations in Europe, the US, or Latin America." [1] The software also includes a downloadable mobile app version. [1]
Factorial offers a complete onboarding process and constant customer support. [1] The software is noted for its user-friendly design and compatibility with other business tools. [10]
The software is made up of a section for time off management with a team calendar where all absences and upcoming days off are collected and shared with the team, an employee self-service area which is a custom portal where employees can update their personal information, documents, holidays, documents, and events, and a separate dashboard for talent management. [1]
Factorial's key features include employee onboarding, time tracking software, a paid time off tracker, an organizational chart, payroll, a talent acquisition hub with an applicant tracking system, and much more. [1]
Factorial has an API, webhooks, and are Zapier-compatible. The software also has native integrations with Greenhouse, Slack, Google Calendar, Workable . [1]