Asure Software announces AI innovations through its partnership with AWS to enhance HR and payroll solutions.
Quiver AI Summary
Asure Software, a leading provider of Human Capital Management (HCM) solutions, announced its groundbreaking partnership with Amazon Web Services (AWS) to enhance its HR and payroll offerings through advanced AI technologies. The collaboration emphasizes the integration of generative AI tools, such as Amazon Q in QuickSight, which aims to transform various business functions, starting with call center operations. Future innovations are projected to include predictive HR analytics, intelligent workforce management solutions, and automated compliance monitoring. Asure's CTO, Yasmine Rodriguez, highlighted the partnership's potential to redefine the HCM landscape, enabling swift deployment of AI-powered solutions that improve productivity and operational efficiency. The initiative represents Asure's commitment to innovating in the HR space, preparing businesses for future challenges with AI-driven insights and experiences.
Potential Positives
- Asure Software's partnership with Amazon Web Services (AWS) highlights its commitment to leveraging advanced AI technologies, which can significantly enhance its HR and payroll solutions.
- The collaboration is set to facilitate groundbreaking innovations, such as predictive HR analytics and personalized employee engagement platforms, positioning Asure at the forefront of technology in the Human Capital Management sector.
- This strategic alliance is expected to provide Asure with enhanced capabilities to innovate and adapt quickly, potentially leading to improved operational efficiencies and increased productivity for its clients.
Potential Negatives
- Dependence on AWS for technological advancements may raise concerns about Asure’s ability to innovate independently without third-party reliance.
- Vagueness in describing specific benefits and timeline for the predicted advancements could lead to skepticism among investors and clients regarding the partnership's impact.
- Emphasis on future innovations may indicate a lack of immediate tangible results, which could affect investor confidence and perceptions of current company performance.
FAQ
What is Asure Software's partnership with AWS about?
Asure Software's partnership with AWS focuses on leveraging AI technologies to enhance HR and payroll solutions.
How does Asure plan to use generative AI?
Asure plans to use generative AI for predictive analytics, intelligent workforce management, and personalized employee engagement.
What innovations can we expect from this partnership?
Future innovations include automated payroll processes, advanced compliance monitoring, and dynamic HR experiences.
Why is the partnership with AWS significant for Asure?
The partnership enhances Asure's ability to innovate quickly in the Human Capital Management landscape.
Where can I learn more about this partnership?
More information is available on the AWS machine learning blog showcasing Asure's approach and innovations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASUR Insider Trading Activity
$ASUR insiders have traded $ASUR stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $ASUR stock by insiders over the last 6 months:
- EYAL GOLDSTEIN (Chief Revenue Officer) has made 0 purchases and 3 sales selling 44,007 shares for an estimated $414,758.
- GRACE G. LEE sold 7,500 shares for an estimated $71,325
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ASUR Hedge Fund Activity
We have seen 40 institutional investors add shares of $ASUR stock to their portfolio, and 50 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARCHON CAPITAL MANAGEMENT LLC removed 731,726 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $6,622,120
- WHITTIER TRUST CO removed 404,788 shares (-88.5%) from their portfolio in Q4 2024, for an estimated $3,809,055
- KENNEDY CAPITAL MANAGEMENT LLC added 354,731 shares (+inf%) to their portfolio in Q4 2024, for an estimated $3,338,018
- ROYCE & ASSOCIATES LP added 172,500 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,623,225
- ARROWMARK COLORADO HOLDINGS LLC added 140,711 shares (+24.5%) to their portfolio in Q4 2024, for an estimated $1,324,090
- ANCHOR CAPITAL ADVISORS LLC added 120,944 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,138,083
- RICE HALL JAMES & ASSOCIATES, LLC removed 116,992 shares (-22.2%) from their portfolio in Q4 2024, for an estimated $1,100,894
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ASUR Analyst Ratings
Wall Street analysts have issued reports on $ASUR in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Cowen & Co. issued a "Buy" rating on 01/14/2025
- Lake Street issued a "Buy" rating on 01/07/2025
- Needham issued a "Underperform" rating on 10/22/2024
- Stephens issued a "Buy" rating on 10/22/2024
To track analyst ratings and price targets for $ASUR, check out Quiver Quantitative's $ASUR forecast page.
$ASUR Price Targets
Multiple analysts have issued price targets for $ASUR recently. We have seen 2 analysts offer price targets for $ASUR in the last 6 months, with a median target of $12.0.
Here are some recent targets:
- Brad Reback from Stifel Nicolaus set a target price of $11.0 on 12/18/2024
- Charles Nabhan from Stephens set a target price of $13.0 on 10/15/2024
Full Release
AUSTIN, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- Asure Software (NASDAQ: ASUR), a leading provider of Human Capital Management (HCM) software solutions, today highlighted exciting innovations emerging from its strategic partnership with Amazon Web Services (AWS), focused on leveraging advanced AI technologies and services. This collaboration underscores Asure’s commitment to driving transformative advances in HR and payroll solutions through artificial intelligence.
Highlighted recently on AWS’s prominent machine learning blog, this partnership showcases how the integration of generative AI tools, such as Amazon Q in QuickSight, opens the door to groundbreaking possibilities across numerous business functions. While the current focus demonstrates a transformative shift in call center operations, the broader vision of this collaboration extends well beyond customer support. Future innovations made possible through generative AI and AWS services include predictive HR analytics, intelligent workforce management, personalized employee engagement platforms, and advanced compliance monitoring.
“Partnering closely with AWS allows Asure to explore, experiment, and quickly deploy AI-powered solutions that will fundamentally redefine the Human Capital Management landscape,” said Yasmine Rodriguez, CTO at Asure. “With AWS’s advanced tools and infrastructure, we're not just addressing today’s challenges—we're laying the groundwork for tomorrow’s opportunities in AI-driven business innovation.”
Asure and AWS are dedicated to exploring the vast potential of generative AI, aiming to empower businesses with unprecedented insights, increased productivity, and significant operational efficiencies. Future possibilities include automating complex payroll processes, creating dynamic compliance monitoring systems, and delivering highly personalized HR experiences at scale.
“This partnership with AWS significantly enhances our ability to innovate and adapt quickly,” continued Rodriguez. “Generative and agentic AI is poised to revolutionize every aspect of human capital management, and we are thrilled to be at the forefront of this exciting technological shift.”
To explore the full scope of potential applications and insights from this innovative partnership, visit: https://aws.amazon.com/blogs/machine-learning/asures-approach-to-enhancing-their-call-center-experience-using-generative-ai-and-amazon-q-in-quicksight/
About Asure
Asure (NASDAQ: ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure's suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company's approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit
www.asuresoftware.com
.
Contact Information:
Patrick McKillop
Vice President, Investor Relations
617-335-5058
[email protected]
