Dayforce, Inc. (NYSE: DAY)

Dayforce, Inc., previously known as Ceridian HCM Holding Inc., operates in the human capital management (HCM) industry and is recognized by the ticker symbol DAY. The company specializes in providing a comprehensive suite of HCM functionality, including global human resources, payroll and tax, workforce management, benefits, and talent intelligence through its Cloud-based solutions. Dayforce, Inc. has a significant global presence and serves organizations with varying employee counts, ranging from 100 to over 100,000. Its clientele includes renowned brands from diverse industries such as healthcare, retail, and finance.

The company's main business activities revolve around offering a full range of HCM services and solutions, primarily through its flagship Cloud HCM platform, Dayforce. This platform provides a unified system for managing all aspects of the employee lifecycle, from attraction and hiring to engagement, payment, and development. The company also sells Powerpay, a Cloud HR and payroll solution specifically designed for the Canadian small business market, through direct sales and established partner channels.

Dayforce, Inc. generates most of its revenue from recurring subscription fees for its Cloud-based HCM solutions. Additionally, the company earns revenue from investment income generated from holding customer funds, also known as float revenue or float. The primary products and services offered by the company include Dayforce, Powerpay, and its legacy North America and Asia Pacific Japan (APJ) solutions.

Within the HCM industry, Dayforce, Inc. has established itself as a strong competitor, thanks to its single application platform, real-time data analytics, and global payroll capabilities. The market for HCM technology solutions is highly competitive, and Dayforce, Inc. competes with other firms that provide both integrated and point solutions for HCM, as well as with local providers in each jurisdiction where it operates.

Dayforce, the company's flagship platform, offers a range of features, including Dayforce Human Resources, Payroll and Tax, Workforce Management, Dayforce Wallet, Benefits, and Talent Intelligence. Dayforce Human Resources provides a single, complete record for all HR information, while Payroll and Tax offers employers the ability to manage their global payroll needs within a single system. Dayforce Workforce Management helps organizations equitably manage their workforces, improve operational efficiency, and enhance compliance. Dayforce Wallet is a digital payment solution that gives employees instant access to their net earnings through on-demand pay requests. Dayforce Benefits assists benefits administrators from enrollment to ongoing benefits administration, and Dayforce Talent Intelligence is a suite of next-generation talent acquisition and talent management solutions.

Dayforce, Inc. offers its solutions to a diverse range of customers across various industries, with well-known brands among its clientele. The company's commitment to innovation and customer satisfaction has enabled it to establish a strong presence in the market and position itself for continued growth and success in the future.