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Research Outline
Prepared for Tegan C. | Delivered August 14, 2019
Everee Competitive Analysis
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Goals
A brief description, list of products/services, pricing, target market, and competitive advantage of Everee and two of its competitors in Utah or the US at large.
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Early Findings
OVERVIEW OF EVEREE
Founded in 2018
,
E
v
e
r
e
e
is a financial technology company that offers an innovative payroll software to make the payroll experience seamless.
It is a privately-held company headquartered in
Salt Lake City, Uta
h.
E
v
e
r
e
e
recently kicked off a seed round in
April 26, 201
9. It raised
$3 million.
Its goal is to make
life easier for small
businesses and human resources departments.
COMPETITORS
Patriot Software
Patriot Software offers s
mall businesse
s a convenient, affordable, and fast online payroll and accounting software. It is specifically made for "small business owners with
1-100 employees."
The company was
founded in 2002
and is headquartered in Canton, Ohio, where it now has more than 300 employees.
In
October 19, 2018
, the company raised
$4.4 million
in an Angel round funding.
It is highly rated on platforms like
C
a
p
t
e
r
r
a
. There, it has a 5/5 rating based on more than
1,000 reviews
. Most users commend its ease of use and
customer service.
OnPay
Founded in 201
1, OnPay is a software company that "offers small businesses and accountants the best payroll in the cloud, backed up by a team of
helpful, friendly experts."
The company is made for and specifically
targets small to mid-size
companies, companies with that have 3 employees or even up to 1,000 employees.
It is a
privately-held
company headquartered in A
ltanta, Georgia.
OmPay is also h
ighly rated o
n platforms like
C
a
p
t
e
r
r
a
. According to a Manager who used it for their small healthcare company, it is the "best, most reliable and most economical service available for small and medium
sized companies."
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