Smart Employee Benefits “Canada” (TSXV:SEB) (OTCQB:SEBFF) Similar to ADP, SQ, PAYX in US

Smart Employee Benefits Inc (TSXV:SEB) (OTCQB:SEBFF) has emerged as one of the more important names in the Insuretech and Information Technology sectors in recent times. The company is best known for providing full-service IT and benefit processing software applications to its clients from a range of sectors including the government.

In this context, it ought to be noted that Smart Employee Benefits has done well with regard to its revenues as well. In the 2021 fiscal year, it managed to bring in revenues of $62 million and in addition to that, the company has also projected that it expects to bring in revenues of around $74 million in the 2022 fiscal year. That reflects a potential year-on-year rise in revenues of 19.35%. In light of this, it may be a good time to compare the company with some of its peers. Here is a look at three of those.

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Automatic Data Processing (NASDAQ:ADP) – The first one of its peers is the human capital management services company Automatic Data Processing, which provides its services throughout the world. There are broadly two segments in which the company is engaged. One is Professional Employee Organization (PEO) and the other is Employer Services. It is one of the oldest companies in the industry, having been founded in 1949 and is based out of Roseland in New Jersey.

Block Inc (NYSE:SQ) – The next one that is one of the company’s peers in this industry is Block Inc. The company is involved in providing tools that help merchants to accept payments through cards and also provides them with analytics and reporting services. Additionally, the company also provides next-day settlement services. The company offers a wide range of merchant payments solutions and one of those is the Square Terminal, which can process payments through swing, dip and tap actions.

Paychex Inc (NASDAQ:PAYX) – Last but not least by any stretch of the imagination, it is the human capital management solutions providing company Paychex that ought to be considered as a peer. The company offers a wide range of solutions starting from insurance services, payroll, benefits, and human resources. It mainly services the small and medium-sized businesses that operate in Europe and the United States. Payroll tax administration and regulatory compliance services are also some of the services that are now provided by Paychex. It may be a good idea for investors to keep an eye on this company.

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