June 18, 2013
New social collaboration and mobile capabilities transform Cornerstone’s talent management suite into a centralized destination that facilitates the ways today’s employees want to work
SANTA MONICA, Calif., June 4, 2013 – Cornerstone OnDemand (NASDAQ:CSOD) today announced new solutions that transform the Cornerstone talent management software suite into a single, collaborative destination for employees and facilitate the ways people want to work. This includes the introduction of Universal Profiles, which aggregates user information and activities from within the Cornerstone system; a new, completely redesigned Cornerstone Connect social collaboration platform; new social performance and employee recognition tools; and expanded native mobile functionality across the suite.
The consumerization of the enterprise and rise of Millennials in the workforce have driven shifts in employees’ needs and attitudes, as evidenced by the increased prevalence of BYOD (bring your own device) and BYOA (bring your own application) in the workplace. In addition, the workplace is becoming multi-generational, multi-geographical, multi-cultural, location-agnostic and device-independent.
“We saw an opportunity to reimagine work by combining all of the enterprise-class talent management capabilities that organizations require with the collaborative functionality employees want, all packaged in an easy-to-use, consumer-style interface,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “Individual applications for things like social collaboration and project management have limited, if any, integration with other enterprise software solutions. So while they may allow employees to perform basic tasks, they ultimately lack the ability to have a bigger impact on the business. We solved that problem.”
For talent management leaders, the changes in the workplace are further complicated by a workforce that not only demands flexibility in where and how they work, but one that also wants continuous training and development, faster career progression, and constant feedback and recognition.
“The right approach to talent management is as critical as ever to making sure organizations are ready to support the new world of work,” said Miller. “This means creating a work environment where employees are given easy access to the resources they need to develop, collaborate, advance and be engaged in their jobs in order to perform at their very best.”
Available this month, Cornerstone’s new features and enhancements help to ensure that social collaboration and mobile productivity are central building blocks for an organization’s overall talent management strategy. Putting everything employees need to know to do their jobs in one, always-available place with real-time connectivity not only helps people work smarter, but also helps organizations maximize work performance and improve employee engagement.
Key to this approach is the new Universal Profile. Similar to a personal profile from popular social sites, Universal Profile serves as the center of an employee’s universe within the Cornerstone suite. It offers a consolidated view of personal information such as contact details, work experience, skills and expertise, and activities in the Cornerstone system. It also serves as an access point for connecting with colleagues, completing tasks, searching for subject matter experts, and giving and receiving social feedback.
Additional product updates include:
· Cornerstone Connect. An all-new, completely redesigned Cornerstone Connect takes social productivity to the next level. Connect is the only social business solution that embeds activity streams and real-time collaboration within a talent management application, enabling talent activities to naturally blend with the daily activities of executives, managers and employees.
· Project and Task Management. Employees now have the most resourceful tools for accomplishing tasks, projects and goals, all seamlessly embedded within Cornerstone talent activities for learning, performance, succession and recruiting.
· Social Performance and Feedback. Trigger the right employee behaviors with measurable recognition that drives results on a daily basis. With social feedback, employees have the power to provide feedback and badges to their peers and colleagues for work contributions. It’s an immediate and impactful way to reward work beyond annual performance reviews.
· Cornerstone Mobile extends its native functionality to provide employees with access to mobile learning, collaboration and performance on the devices they love. This includes a mobile version of Cornerstone’s popular Observation Checklist for tracking real-time competencies and skills in the field, as they are performed. Cornerstone Mobile supports all iOS and Android devices, including smartphones and tablets, ensuring that employees at all levels have access to the people and information they need to succeed, no matter where they are.
Miller will showcase these new solutions as part of his opening keynote address at Cornerstone Convergence 2013, the company’s annual client conference, which is being held June 3-5 in San Diego, Calif. The keynote will be streamed live via the Cornerstone Convergence Web the site this morning from 8:30 – 10:30 a.m. PT / 11:30 a.m. – 1:30 p.m. ET at the following link:www.cornerstoneconvergence.com/live-stream.
To learn more about how Cornerstone is helping organizations reimagine their talent strategies in the new world of work, visit www.csod.com/reimagine-work. Also read additional commentary about these latest product updates from Reyhan Jhaver, Cornerstone’s director of product management, on theCornerstone blog.
For more information about Cornerstone Convergence 2013, visit www.CornerstoneConvergence.com. To follow Convergence on Twitter, go to twitter.com/CSODConvergence or search #CSODConf.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, SaaS, Talent Management, Workforce Management | Tagged: Cornerstone OnDemand, HCM, HR, HR Technology, HRchitect, HRMS, Human Capital Management, Matt Lafata, mobile technology, Performance Management, Recruiting, Social, Workforce Management |
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June 18, 2013
Ultimate Software Receives 2013 Informatica Award for Innovation in Cloud Integration
WESTON, Fla.–(BUSINESS WIRE)–Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that it has been named a winner of the 2013 Informatica Innovation Awards in the Cloud Integration category for its launch of the UltiPro Carrier Network — a centralized integration hub that powers data exchange and management for Ultimate Software’s customers.
The winners were announced at Informatica World 2013, Informatica’s annual data integration showcase and user conference, which took place at the ARIA Resort and Casino in Las Vegas, NV.
The UltiPro Carrier Network enables data exchange using pre-built ‘connectors’ between UltiPro, Ultimate’s cloud-based human capital management solution, and third-party benefits providers. The UltiPro Carrier Network delivers an extensive catalog of configurable templates for connecting to commonly used providers in the marketplace without the burden of having to build and support custom integrations. Ultimate Software has already seen significant business benefits from the UltiPro Carrier Network, including cutting integration project duration times by 50%, reducing technical debt, and increasing customer satisfaction.
The Informatica Innovation Awards honor organizations that have achieved exemplary return on data through their use of the Informatica platform and demonstrated leadership in using Informatica solutions to drive business success. Results include new revenues at lower cost, forging stronger and more profitable customer relationships, ensuring competitive differentiation for the business, and more.
“Using Informatica’s leading data-integration technology, the UltiPro Carrier Network delivers a better, more efficient experience for our customers,” said Bill Hicks, chief information officer at Ultimate Software. “Ultimate believes in creating a technology experience driven by the needs of people, and Informatica’s technology is helping us achieve this. We are pleased to have Informatica as our partner and extremely honored to have received this recognition.”
Individual winners were selected from Informatica’s more than 5,000 customers and recognized in 11 award categories. Some categories include B2B Data Exchange, Enterprise Data Integration, Data Quality, Master Data Management, and Cloud Integration. All recipients of the 2013 Informatica Innovation Awards include can be viewed in Informatica’s press release: www.informatica.com/us/company/news-and-events-calendar/press-releases/06062013-innovationawards.aspx
“Informatica has been a great partner to Ultimate Software throughout this initiative, and we plan to extend the relationship by delivering additional packaged templates to our customers for connections to more third-party applications,” said Hicks. “Informatica and Ultimate have a mutual goal — to help businesses better serve their own people by choosing providers based on the unique needs of their organization rather than having to adapt their business to work around technology hurdles. This award affirms the value of our partnership, and we look forward to strengthening our relationship in the in future.”
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Onboarding, SaaS, Workforce Management | Tagged: Applicant Tracking Systems, cloud services, HCM, hiring, HR, HR Systems, HR Technology, HRchitect, HRIS, Human Capital Management, Matt Lafata, Talent Acquisition, Talent Management, Ultimate Software, Workforce Management |
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June 6, 2013
Social recruiting leader shares expertise on evolving with the job market, during coast-to-coast tour; Tickets and dates available in major US cities
Burlingame, Calif. – May 29, 2013 – Jobvite, the leading recruiting software platform for the social web, today announced the dates for its Recruiters Rock 2013 Roadshow, kicking off next month in Boston, and continuing through August, touching down in major cities across the United States. Each free, half-day event is packed with recruiting and hiring best practices, tips and tricks on attracting quality talent and an easy, step-by-step breakdown on how recruiters can improve their social recruiting strategy. The Roadshow will offer separate tracks where both existing and prospective customers will learn how to build and nurture the company talent pool to create a lasting employment brand.
During the Roadshow, attendees will learn how Jobvite technology can quickly and easily help recruiters tackle the multitasking nature of their job. Specific, key takeaways include:
- The importance of building a talent pool – and how to get started.
- What your employment brand says about you, why you should care, and how to improve your marketability.
- How to streamline hiring workflows – from scheduling interviews and assigning tasks to evaluating candidates and coordinating approvals.
- The lowdown on reporting – why it matters and what’s available today.
“Attracting, engaging and hiring top talent is a science, and during the Roadshow we will share innovative methods to help recruiters succeed,” said Jobvite Chief Marketing Officer Kimberley Kasper. “From building rich talent pools to engagement and reporting, attendees will learn how to arm themselves with the necessary tools to find the best talent for their companies.”
The Roadshow’s Customer track will feature ways existing customers can best maximize their investment in Jobvite technology, focusing on:
- Streamlining hiring workflows (interview scheduling, tasks, candidate evaluations)
- Reporting (what’s available today and what’s coming)
- How to build and nurture a talent pool with Jobvite Engage
- The value of building an employment brand
During the Roadshow’s Prospective Customer track, potential customers will learn sourcing and recruiting best practices, with significant insight into:
- The importance of building a talent pool
- The productivity value of having a centralized recruiting tool
- Jobvite product demo to show how we can help in these areas
Join Jobvite on the road and reserve your seat today. Tickets are available and dates and locations for the Recruiters Rock 2013 Roadshow are as follows:
For more information on the Recruiters Rock 2013 Roadshow, please contact recruit@jobvite.com.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, Recruiting, Talent Acquisition, Talent Management | Tagged: hiring, HR, HR Systems, HR Technology, HRchitect, Human Capital Management, Jobvite, Matt Lafata, Recruiting, Skills Gap Analysis, Talent Acquisition Systems, Talent Management |
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June 5, 2013
Peoplefluent Unveils TalentUnity, a New Workforce Acquisition Solution Giving Companies Unparalleled Access to Talent Pools to Support Strategic Hiring Decisions
Peoplefluent TalentUnity Combines Recruiting and Contingent Sourcing Workflows to Enable Holistic Talent Acquisition
WALTHAM, Mass. – May 30, 2013 – Peoplefluent®, a leading social human capital management technology company, today announced Peoplefluent TalentUnity® , an enhanced version of its recruiting and contingent workforce management solutions. The unified solution combines common recruitment and contingent sourcing workflows into a single interface, giving business managers, HR professionals, and internal and external recruiters unparalleled access to a total workforce talent pool to support strategic, cost-effective decisions.
Companies across the globe are under pressure to compete for the best talent to fill existing and future skill gaps. To do so, companies must have a holistic view of all active workforce talent pools available in order to fill positions that require specific, hard-to-find skill sets. Companies that have seamless access to prequalified prospects for temporary, part-time and full-time roles can make faster, smarter hiring decisions and gain a significant advantage in the battle for talent, which has significantly heightened over the past year. Peoplefluent TalentUnity empowers business managers, HR professionals and recruiters to identify, attract and onboard the best candidates, whether they join the team as hourly, salaried or contract.
Peoplefluent TalentUnity also includes common business intelligence and analytics, combining data from recruiting and contingent workforce management systems. This creates a single source for all reporting needs delivering total workforce visibility for HR, Procurement and Executive leadership, and providing insight to make key strategic decisions.
Peoplefluent TalentUnity changes the way companies acquire talent. It is the only solution to enable hiring decision managers to look across recruiting and contingent workforce solutions, which is particularly important in the following scenarios:
- Considering both contractor and full-time hire talent options: As workforce demands shift and more prospective employees prefer flexible employment, leveraging talent with specific skill sets on a contract basis could be strategic to a business’s bottom line as well as employee satisfaction. Peoplefluent TalentUnity enables companies to leverage vendor networks or talent pools to identify the best source of hire for a specific opening.
- Transitioning a contractor to full-time employee: At the conclusion of a contractor engagement, companies may have a business need to hire the contractor full time. Peoplefluent TalentUnity simplifies this transition by sharing contingent management information with the recruiting portal, saving HR professionals time and resources spent acquiring a new full-time hire and also streamlining the onboarding process.
- Direct Sourcing: By utilizing the capabilities provided by the recruiting solution, companies can capitalize on their corporate brand to attract talent for contingent opportunities. Peoplefluent TalentUnity lets companies leverage their career sites to post contingent opportunities which can lead to additional cost savings.
“Our clients, many companies within the Fortune 100, look to Peoplefluent for solutions that will enable their HR and procurement teams to make strategic talent acquisition decisions, better utilize human capital assets and unlock workers’ potential,” said Jim Bowley, vice president, product management, Peoplefluent. “Our investment to tightly integrate recruiting and vendor management processes and bring Peoplefluent TalentUnity to market was fueled by industry demand and customer feedback, which confirmed companies are looking for a solution that considers the total workforce, including services procurement and contingent labor management along with employee recruitment.”
Peoplefluent TalentUnity features common recruiting, applicant tracking, contingent workforce management and business intelligence with similar user interfaces to improve and simplify the user experience. As a solution that delivers a cohesive view into the recruiting pipeline, talent pools, preferred vendors and current contingent staff, Peoplefluent TalentUnity is unique among all other stand-alone talent acquisition and management products.
Peoplefluent TalentUnity is now available. For information on Peoplefluent’s talent acquisition products or any solutions within the Peoplefluent Social HCM Software Platform, please visit: http://www.peoplefluent.com/solutions/overview.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Onboarding, Recruiting, Talent Acquisition, Talent Management, Workforce Management | Tagged: Applicant Tracking, Applicant Tracking Systems, HCM, hiring, HR, HR Technology, HRchitect, HRIS, HRMS, Human Capital Management, peoplefluent, Skills Gap Analysis, Talent Acquisition, Talent Management Systems |
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June 5, 2013
Workday Announces Plans to Deliver Workday Payroll for UK and Workday Payroll for France
Customer Demand in Europe Continues to Build for Unified Enterprise Applications in the Cloud
PLEASANTON, CALIF. AND LONDON AND PARIS — May 30, 2013 — Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today announced plans to deliver Workday Payroll for UK and Workday Payroll for France. Designed to address the full spectrum of modern payroll needs, Workday Payroll is delivered in the cloud, making it possible for customers to automatically receive new functionality helping customers quickly address regulatory or legislative changes. With Workday Payroll, customers are always up-to-date, eliminating the need for regular upgrades and patches as required by on-premise payroll systems.
Workday Payroll applications provide new levels of flexibility, control, and visibility within an organization. Selecting a payroll application that is seamlessly unified with human capital management (HCM) allows payroll, human resources, and finance professionals to improve collaboration and manage end-to-end-processes with greater insight. Customers gain complete control over payroll processes with unlimited calculations, highly configurable pay rules, security and audit criteria, and built-in reporting.
Workday Payroll for UK is expected to be generally available in 2015 and Workday Payroll for France is expected to be available in 2016. Workday already delivers Workday Payroll for the U.S. and Workday Payroll for Canada.
Comments on the News
“Workday is deeply committed to Europe, and as we continue to be adopted by some of the largest enterprises in the region, we receive significant demand for local payroll applications. Customers want a simple, unified solution that manages employee talent, time, and payroll all in one place,” said Aneel Bhusri, chairman, co-founder and co-CEO at Workday. “We are excited to be working in collaboration with key customer design partners to bring to market payroll applications built specifically for today’s most modern, global organizations.”
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HR, HR Technology, SaaS, Workforce Management | Tagged: cloud services, HR, HRchitect, HRMS, Human Capital Management, Matt Lafata, payroll, Payroll Systems, Workday, Workforce Management |
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June 4, 2013
SUMTOTAL NAMED A “CHAMPION” IN MCLEAN & COMPANY’S TALENT MANAGEMENT SUITES VENDOR LANDSCAPE REPORT
SumTotal Earns Highest Scores Overall; Interoperability Strategy, Analytics and Advanced Workforce and Succession Planning Highlighted as Key Strengths
Gainesville, Fla. – May 23, 2013 – SumTotal® Systems, LLC, the only human resources solution provider that helps organizations discover, develop and unleash the hidden potential within their workforce, today announced that it was listed as a “Champion” in McLean & Company’s recently published Vendor Landscape: Talent Management Suites report, earning the highest overall vendor score in the report. The report states that “Champions” receive high scores for most evaluation criteria and offer excellent value. They have a strong market presence and are usually the trend setters for the industry. SumTotal was also the only vendor to earn “Exemplary,” the highest possible rating, in six of the seven major criteria areas. View the report here and McLean and Company’s Vendor Short-list Tool here.
“SumTotal was the highest scoring vendor overall, landing them at the top of the Champion pile. They offer nine talent management modules, including the four core modules: Recruiting & Hiring, Performance Management, Learning Management, and Compensation Management,” according to the report.
This breadth of offering earned SumTotal recognition as an “Exemplary Performer” for providing functionality for full employee lifecycle management. In addition, the report specifically recognized SumTotal for its advanced capabilities in analytics, workforce planning and succession planning, stating: “The Workforce Planning and Succession Planning modules offer advanced functionality to meet the needs of large and/or complex organizations – and they’re visually appealing as well.”
These advanced features – which also include mobile, end-user interface customization, social, workforce planning, succession planning, skills tracking and pay-equity analysis – are the capabilities that allow for granular market differentiation.
“We are pleased that McLean & Company recognized SumTotal as a Champion in its latest market analysis,” said Holly Rollo, chief marketing officer at SumTotal. “The report’s thoughtful and detailed evaluation highlights the depth and breadth of our market-leading Talent Expansion™ Applicationsand validates SumTotal’s vision and strategy around delivering solutions that help employees to get better at their jobs while they are doing them. We believe this focus on employee enablement, combined with the flexibility the SumTotal elixHR™ Platform provides by allowing customers to link with existing HR investments, is a significant and notable differentiator for Sumtotal.”
McLean & Company’s Vendor Landscape: Talent Management Suites focused on vendors that offer broad capabilities across multiple platforms and have a strong market presence or reputational presence among mid- and large-sized enterprises. To be considered for inclusion, vendors had to offer performance management and learning modules, as well as a recruitment module, a compensation module or both. The report evaluated 10 vendors across several vendor- and product-focused criteria.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Talent Management, Workforce Management | Tagged: HCM, hiring, HR, HR Systems, HR Technology, HRchitect, HRIS, HRMS, Human Capital Management, Kudos, Matt Lafata, Performance, Performance Management, SumTotal Systems, Talent Management, Talent Management Systems |
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June 4, 2013
New Oracle Service Cloud Mobile Agent App Strengthens Oracle Service Cloud’s Cross-Channel Contact Center Solution
If you are looking for a new Human Capital Management (HCM) System, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 16 years, HRchitect has unparalleled knowledge of the HCM vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Redwood Shores, Calif. – May 28, 2013
News Summary
Today one in seven Oracle customer service sessions come from mobile devices, allowing customers to instantly request service whenever and wherever they are and leading to an expectation of an instant response. As a result, roaming service agents need mobile applications to increase their productivity and responsiveness to customers. The latest release of Oracle Service Cloud, which includes Oracle RightNow with Oracle RightNow Mobile Agent App, is designed specifically for the iPad and ensures that in today’s busy, multifaceted world service agents, specialists, and managers can stay connected and productive, even while on-the-go. Better access, both online and offline, puts mobile business users in a prime spot for increased customer resolutions. As a result, this improves customer satisfaction and strengthens relationships.
News Facts
Oracle today announced the latest release of Oracle Service Cloud that includes Oracle RightNow and the debut of Oracle RightNow Mobile Agent App for the iPad.
Introducing new robust capabilities to support servicing customers when agents are away from their desks, Oracle Service Cloud now leverages the power of
Oracle Fusion Tap, a native application for iPad that redefines user productivity while on-the-go.
Designed specifically for mobile agents, specialists and managers,
Oracle RightNow Mobile Agent App, part of Oracle Service Cloud, helps improve productivity and resolution time.
The May 2013 release of Oracle Service Cloud also includes enhancements to the Customer Portal by utilizing mobile device cameras, optimizing for mobile SEO and removing the dependency on CSS and Javascript, thus enabling use on a wider array of mobile devices such as hand-held game-systems and Ketai phones. These enhancements allow customers to get service from any device, find mobile content more easily, and enhance problem descriptions with images to shorten resolution time.
Oracle RightNow Mobile Agent App, part of Oracle Service Cloud
Features include:
Ability to leverage native iPad capabilities and innovative usability patterns, easy navigation and integrated apps such as live maps and FaceTime.
Secure mobile access to key service and support information, including accounts, contacts, incidents and tasks.
Offline caching for a snappy experience and remote access to key information even when disconnected.
Reporting on contact center performance and the ability to monitor exceptions while away from the desk.
Better control and traceability of what is happening with improved transaction auditing, diagnostic logging, server side access control and more.
Available in Apple App Store, easy to install and configurable by business users.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Learning Management, Talent Management | Tagged: HCM, HR, HR Systems, HR Technology, HRchitect, HRIS, HRMS, ipad, Matt Lafata, mobile app, mobile technology, Oracle, Talent Management |
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June 3, 2013
Comprehensive HR Platform Combines Hiring, Training and Scheduling for Restaurant Operations
PeopleMatter, the largest provider of comprehensive service-industry HR software, is shaking up how the foodservice industry schedules its workforce. The Affordable Care Act (ACA) has made employee scheduling more complex. The ACA makes accurate hourly scheduling critical to the profits of the foodservice industry with the creation of “29er” employees and the “49er” employers. PeopleMatter offers the only online scheduling solution – PeopleMatter SCHEDULE™ – with a free employee mobile app that understands the importance of accurately tracking the hours worked across multiple locations in relation to these key thresholds. The PeopleMatter Platform does more than just scheduling – it is an end-to-end talent management system that helps find, hire, train and schedule the people of the service industry.
That’s why Jerry Roberts, Owner of Gator’s Dockside locations in Florida believes “it makes sense to take advantage of all the PeopleMatter products – HIRE, LEARN and SCHEDULE – since they were designed to work together.”
Today’s reality is that many restaurants still use paper and spreadsheets to schedule their employees. But the days of posting a paper copy of the schedule in the back of the house are over with SCHEDULE. PeopleMatter’s online employee scheduling software gives managers the tools to share schedules instantly with team members and optimize coverage as the week evolves.
“SCHEDULE is the wave of the future. Accessing a schedule via a smartphone is much more manageable for both the associates and managers,” shared Robert Fleming, Owner Magnolia Pancake Haus.
SCHEDULE makes it easy for team members to know when they are working. Employees no longer need to call their manager or go in on their day off to find out when they are working because their schedule is available on their mobile device.
“Automated scheduling is what today’s employees want,” said Marc Hinson, Director of HR for The Palm Restaurant Group. “Employees want to be connected to their employers with easy access to their schedules. They want to communicate with their managers through that same system. SCHEDULE does these things and more.”
PeopleMatter is currently highlighting SCHEDULE at the National Restaurant Association Show in Chicago, IL. Show attendees who stop by the booth are able to receive live demos, interact with the mobile app, review case studies and hear live testimonials from PeopleMatter customers who use SCHEDULE every day to create, manage and communicate schedules.
“We have created a better way to manage frontline employees in the service industry,” said Nate DaPore, PeopleMatter President and CEO. “We’ve built a modern, mobile scheduling tool in the PeopleMatter Platform that facilitates real-time communication, flexible shift management and cost-control. We did this because scheduling is such an important part of the relationship between the hourly worker and employer. With the recent legislative changes brought on by the ACA, it has become even more important to have technology to manage employee schedules.”
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Recruiting, Talent Management, Workforce Management | Tagged: ACA, Affordable Care Act, Applicant Tracking Systems, HCM, hiring, HR, HR Systems, HRchitect, HRIS, Human Capital Management, Matt Lafata, peoplematter, Talent Management Systems |
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May 31, 2013
Award Honors Progressive Customers for Dedication to Market Education
SilkRoad, a leading global provider of cloud-based social talent management solutions, today announced its 2013 SilkRoad Champions at the Company’s fourth annual global user conference, SilkRoad Connections. The program recognizes Life Suite® software solutions customers at the leading edge of HR that have served as industry thought leaders and championed SilkRoad’s product innovation.
“Our customers are advancing the HR agenda both at their own companies and on an industry level,” said Edward Vesely, EVP and Chief Marketing Officer, SilkRoad. “Whether educating peers by appearing in industry publications, or serving as a case study that will help other HR professionals implement change and empower their own employees, the experiences and successes of our customers need to be recognized and celebrated. Champions is our way of saying ‘thank you’ for every time a customer goes above and beyond.”
For 2013, SilkRoad named Ulthera, a high-growth med-tech company, as its top SilkRoad Champion. Ulthera’s Vice President of HR, Stacie Mallen, drove the Company’s growth by integrating multiple SilkRoad Life Suite products for talent acquisition and development, including its HeartBeat® HRMS, which provided time savings of at least one hour per hire.
Other customers recognized for their dedication in the 2013 SilkRoad Champions Program include:
- McLeod Health – a not-for-profit health system serving northeastern South Carolina
- Amyx – a business offering Systems Engineering and Technical Assistance, Business Process Re-engineering, Information Technology, Software Design and Development and Program and Acquisition Management
- Braun Intertec – a company providing geotechnical, environmental and testing solutions in the private and public sectors
- Citrix – market-leading cloud, networking and virtualization technologies that are transforming how people, businesses and IT work and collaborate in the cloud era
- Life Care Services – a senior lifestyle products company
- Provident Bank – an independent community bank, dedicated to the delivery of quality financial products to its customers
- Lee County Electric Cooperative – a company providing reliable, cost-competitive electricity to customers throughout Southwest Florida
“When you are a VP of HR, the software you select represents your department. It’s your face to the company,” said Stacie Mallen, VP of HR, Ulthera. “We did a thorough market analysis before deciding upon SilkRoad, a perfect fit for our organization thanks to its intuitive interface and easy integrations. Sharing the knowledge I gained to help other HR professionals understand what’s right for them is rewarding, and being named SilkRoad’s 2013 Champion is icing on the cake.”
The SilkRoad Champions Program is a point-based system that recognizes customers’ participation in activities like product co-creation and input; referrals and references; and thought leadership. For more information and to get started with the Champions Program, visit http://www.silkroad.com/Customer_Care/Customer-Reward-Program.html.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Onboarding, Recruiting, SaaS, Talent Acquisition | Tagged: Applicant Tracking, Applicant Tracking Systems, HCM, hiring, HR, HR Systems, HRchitect, HRIS, HRMS, Human Capital Management, Matt Lafata, Onboarding, SilkRoad, Talent Acquisition Systems |
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May 23, 2013
New SuiteApp Provides Innovative Social Talent Management
If you are looking for a new Human Capital Management (HCM) System, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 16 years, HRchitect has unparalleled knowledge of the HCM vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
SilkRoad, a leading global provider of cloud-based social talent management software, today announced the Life Suite® SuiteApp, built using NetSuite’s SuiteCloud Computing Platform. The new SuiteApp extends NetSuite’s (NYSE: N) capabilities with a talent management system that powers businesses of every size with an end-to-end cloud ERP and social talent management software solution that manages employee and workplace information while driving employee engagement, including talent acquisition, talent development, and HRMS.
NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. SuiteCloud Developer Tools provide a comprehensive cloud customization environment, whether you’re extending NetSuite to fit your business needs or developing completely new applications. SuiteCloud Developer Tools include workflow management, scripting, analytics, web services and more.
‘SilkRoad and NetSuite have a shared philosophy of building accessible configure-and-go technologies to address a serious mid-market need for cohesive and affordable cloud-based solutions,’ said Flip Filipowski, Executive Chairman and Co-Chief Executive Officer at SilkRoad. ‘We’ve integrated two industry-leading solutions into a seamless, innovative platform to foster employee engagement and drive business agility.’
Working with NetSuite Customers using NetSuite’s ERP and payroll systems can now easily access a complete talent management solution that includes talent acquisition, talent development, and core HR, which serves as a self-service system of record for employees, making the entire human capital management process more efficient and seamless. The two systems integrate with minimal IT configuration, bringing to market a solution for maintaining secure, up-to-date employee data within NetSuite.
The Life Suite® SuiteApp for NetSuite allows companies of all sizes to benefit from this innovative, cloud-based solution by:
- Supporting virtually all employee and business needs from a single, integrated suite
- Connecting, engaging, and growing employees’ skills in surprising ways to unleash innovation and drive competitive advantage
- Empowering people and rapidly boosting sustainable business performance
‘With this new integration between SilkRoad and NetSuite, our customers can easily access talent management and HR capabilities from within the core ERP solution, to efficiently manage and recruit employees and drive global growth,’ said Zach Nelson, NetSuite CEO.
For more information about the integrated solution, please visit http://www.suiteapp.com.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Recruiting, SaaS, Talent Acquisition, Talent Management, Workforce Management | Tagged: ERP, HCM, hiring, HR Systems, HR Technology, HRchitect, HRIS, HRMS, Human Capital Management, Matt Lafata, NetSuite, SilkRoad, social talent management software, Talent Acquisition, Talent Management, Talent Management Systems |
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May 20, 2013
Skillsoft Marks 10th Anniversary of its Groundbreaking Learning Growth Model
If you are looking for a new Human Capital Management (HCM) System, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 16 years, HRchitect has unparalleled knowledge of the HCM vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
NASHUA, N.H.–(BUSINESS WIRE)–Marking the 10-year anniversary of its Learning Growth Model®, Skillsoft introduced an updated whitepaper that illustrates the transformation of training into learning and includes the most recent innovations in the learning industry. Initially developed in 2003 to help organizations chart a realistic direction on their path to learning optimization, the five-stage model aligns learning with strategic business goals, leading to increased cost savings, productivity, performance, employee retention and competitive advantage. A new infographic was also developed that outlines the latest version of the Learning Growth Model and is available at: http://on.fb.me/14HOiic. Skillsoft is a pioneer in the field of technology-delivered learning with a long history of innovation and delivering solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses.
The Learning Growth Model is detailed in Skillsoft’s whitepaper, The Skillsoft Learning Growth Model: A Blueprint for Integrating Learning into the Life of the Enterprise in Five Manageable Stages. The whitepaper presents a clear business value for linking learning to organizational business goals to increase the value and impact of the learning program. Organizations can learn how to transform learning from skills-focused training to business-focused learning that aligns with strategic business goals and provides a greater business value. A key phase in this process is reaching strategic transformation, which is the minimal position for all organizations that seek to align learning to business goals and are focused on building the optimum transfer of learning into the workplace.
“Developing talent is an organizational imperative as the demand for innovative, leading edge talent is intensifying with no sign of slowing down. Industry experts estimate that 55-80 percent of what people learn is lost or not applied to the job. This puts pressure on organizations to justify the time and resources they dedicate to learning,” said John Ambrose, senior vice president, strategy, corporate development and emerging business, Skillsoft. “By closely correlating a learning program with tangible business goals, organizations can improve knowledge retention and document a return on their learning investment. Our whitepaper and infographic are excellent tools for guidance through this process, which transforms basic training into integrated learning.”
The five stages of the Skillsoft Learning Growth Model are:
Stage 1 – Supplement. In this stage, elearning is introduced to address scalability challenges and reduce costs. New elearning resources address a backlog of demand for skills-based training that could not be delivered via traditional methods due to high costs. Reduced travel costs, design and development costs, instructor time and learners’ time away from work all contribute to significant cost savings.
Stage 2 – Targeted. During stage two, targeted learning begins to support specific initiatives and job roles. This stage expands earlier results and provides elearning in new workplace areas. Elearning resources replace redundant classroom training, which further reduces learning costs. Executive support typically increases during this stage of the Learning Growth Model.
Stage 3 – Strategic. Learning is aligned to strategic business objectives and begins to connect to talent management to increase the value and impact of learning during stage three. This is the most pivotal stage in the Learning Growth Model and marks the transformation from skills-focused training to business-focused learning and is a major point of change into a new learning paradigm.
Stage 4 – Integrated. Stage four is marked by increasing talent and accelerating organizational agility. Organizations that reach this stage have successfully woven learning into the fabric of the organization. Learning is focused on accelerating business results, deepening the talent pool and creating an agile, empowering, productive and creative organization.
Stage 5 – Optimized. Organizations at the optimized stage have fully matured and are focused on deepening talent and broadening learning to the extended enterprise. Elearning is branched out to the organization’s supply chain, customers, etc. Learning has become globally ubiquitous and seamlessly integrates into the workplace.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, HRIS, Human Capital Management, Learning Management, Onboarding, Talent Acquisition, Talent Management, Uncategorized | Tagged: HCM, hiring, HR, HR Systems, HR Technology, HRchitect, HRIS, HRMS, Human Capital Management, LMS, Matt Lafata, Recruiting, SkillSoft, Talent Acquisition Systems, Talent Management Systems |
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May 17, 2013
SilkRoad Connections Brings Together Global Customers and Industry Thought Leaders to Empower HR
SilkRoad, a leading global provider of cloud-based social talent management solutions, will bring together several hundred customers, partners and employees at its fourth annual SilkRoad Connections, taking place at The Westin Diplomat Resort & Spa in Hollywood, Florida, on May 19 – 22, 2013.
SilkRoad’s Global User Event connects international Life Suite® software solutions customers with industry thought leaders and SilkRoad experts over the course of three days to share, experience and discuss the latest innovations in social talent management. Industry and product-related sessions will help HR leaders to increase business performance using SilkRoad’s cloud-based software solutions.
Highlights of this year’s conference include:
- Keynotes by Dan Pink, author of New York Times bestsellers A Whole New Mind and Drive, and Bob Kelleher, award-winning author of LOUDER THAN WORDS: 10 Practical Employee Engagement Steps That Drive Results and Creativeship, A Novel for Evolving Leaders.
- Social Talent Management sessions that will address integrating social media into everyday HR to reach candidates more effectively and foster employee collaboration and communication.
- Mobile Talent Management sessions where attendees will discover how mobile learning, benefits, recruitment and performance delivers business agility and improved employee and candidate experience.
- HR Management sessions that will provide first-hand accounts from SilkRoad customers on using HRMS solutions to unburden HR with everyday administrative tasks, allowing them to focus on the transformative elements of the job.
“SilkRoad Connections is one of the premier events of the year for people interested in cutting-edge strategies for engaging and developing employees,” said Edward Vesely, EVP and Chief Marketing Officer at SilkRoad. “In today’s competitive marketplace, where talent is often the deciding factor between success and failure, Connections gives our customers the critical tools and knowledge to make strategic HR decisions that drive real results.”
For more information about SilkRoad Connections, visit http://users.silkroad.com.
About SilkRoad
SilkRoad is a leading global provider of end-to-end HR solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad® Life Suite® solution set includes Talent Acquisition, Talent Development, Talent Portal, and HRMS solutions that are easy to deploy, easy to use, and affordable. Powered by social, mobile, analytic, and cloud technology, it’s everything you need in one platform to engage your people and rapidly boost business performance. Visit www.silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-312-574-3700.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, SaaS, Talent Acquisition, Talent Management, Uncategorized | Tagged: hiring, HR, HR Systems, HR Technology, HRchitect, Life Suite, Matt Lafata, SilkRoad, Silkroad Connections, Social, sourcing, Talent Acquisition, Talent Management, Talent Management Systems |
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May 17, 2013
If you are looking for a new Human Capital Management HCM System, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 16 years, HRchitect has unparalleled knowledge of the HCM vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
MAD Greens — Inspired Eats, a fresh concept on salads based in Colorado, and PeopleMatter, the only comprehensive HR Platform designed for the service industry, recently released ROI results from their partnership in streaming the company’s HR processes. In July 2011, MAD Greens selected PeopleMatter’s automated tools to streamline the entire hiring process into one online Platform. In nine months, the company tracked a 50 percent reduction in manager time spend while increasing data accuracy and ensuring 100 percent compliance.
Prior to implementing PeopleMatter talent management solutions, MAD Greens used paper-based hiring. The growing company struggled to complete required paperwork in a timely fashion. With a small executive staff the greater challenge was ensuring accuracy while tracking requirements, deadlines and updates. With PeopleMatter in place, the restaurant chain could use one central, online location to input, process and store information.
“At MAD Greens, we all wear a lot of hats and it is hard to find time for everything,” said Marley Hodgson, MAD Greens CEO and co-founder. “Taking care of your staff is a full-time job but we don’t always have that luxury. PeopleMatter essentially acts like another team member and that’s critical.”
One of the staffing challenges MAD Greens faced early on was assessing applicants to ensure consistency in hiring decisions. It was a time issue, managers didn’t have time to do the process efficiently. The entire hiring and onboarding process could take up to two weeks. PeopleMatter HIRE™ cut the processing time down to three days and the managers’ time spent on hiring in half. The software also allows the “MAD” company to put a little of its culture into the online onboarding process. Hodgson actually took the time to film a welcoming video for employees to be introduced to the MAD Greens mission.
“It’s a consolidated Platform, helping increase operational efficiency and providing a place our company culture can reside as much as possible on the Internet,” said Hodgson. “It’s really nice when I walk in a store and a new hire says, ‘Hey, I just watched a video of you welcoming me.’”
For MAD Greens, the number one benefit from using PeopleMatter solutions is the accuracy of the data. The “scary proposition” of company audits are in the past. Now the simplicity of the Platform ensures that the restaurant chain’s information is 80 percent more accurate and in an easy-to-access location.
“The PeopleMatter Platform is designed well and clearly thought out,” said Hodgson. “Lots of systems say they are simple, this one actually is. And simplicity is where it is at in our business.”
“Working with exceptional people who believe in your corporate mission is what makes serving our clients so satisfying,” said Nate DaPore, PeopleMatter president and CEO. “MAD Greens is really using the software the way it is meant to be used.”
For more information on PeopleMatter, please visit www.peoplematter.com
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
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HCM, HR, HR Technology, HRIS, Human Capital Management, Onboarding, Recruiting, Talent Management, Workforce Management | Tagged: Applicant Tracking, Applicant Tracking Systems, HCM, hiring, HR, HR Technology, HRchitect, Human Capital Management, Matt Lafata, Onboarding, peoplematter, Performance Management, Talent Acquisition Systems, Workforce Management |
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May 16, 2013
Proven Executive to Leverage Experience in Building Businesses for Growth and Success
REDWOOD SHORES, Calif. – May 7, 2013 – Saba (OTC Pink: SABA), the premier provider of people-centric enterprise solutions, announced today the appointment of Mark W. Robinson as Chief Financial Officer. Saba anticipates that Mr. Robinson will assume his new position with the Company on or prior to June 3, 2013. In this role, Mr. Robinson will report to the Chief Executive Officer.
Mr. Robinson brings to Saba 25 years of executive leadership experience in building a range of technology companies. He joins Saba after spending nearly five years with Calypso Technology, Inc., where he served as Chief Financial Officer for this multinational software and professional services company. Prior to joining Calypso Technology, Inc., he served as Chief Financial Officer of Discus Dental, a manufacturer of consumer goods and medical devices. He was previously Chief Financial Officer of Q Comm International, a leader in prepaid telecommunication products. He also served in several other management roles at companies including Prometrix/KLA-Tencor and Hewlett Packard Corporation.
“Mark brings deep experience from technology companies and important leadership skills that will help drive the planning and execution of our immediate and long-term financial strategies,” said Shawn Farshchi, interim Chief Executive Officer of Saba. “He is joining at a pivotal point in our evolution. His experience will prove invaluable as we aim to expand our reach into new markets and penetrate key segments.”
Commenting on his appointment, Mr. Robinson said, “This is an exciting time to be joining Saba. The company is executing on its cloud product strategy for next-generation talent management solutions, is led by a talented team and is positioned to address very attractive markets. I am energized by the challenge and look forward to contributing to the company’s success.”
Mr. Robinson earned his M.B.A. and B.S. in Finance & Marketing from The University of Utah, Salt Lake City.
About Saba
Saba (OTC Pink: SABA) enables global organizations to build a transformative workplace that leverages the advent of social networking in business and the ubiquity of mobile to empower an organization’s most mission-critical assets – its people. The company provides a set of people-centric enterprise solutions to various businesses and industries worldwide. Saba delivers cloud-based learning, performance, planning and collaboration solutions to transform the way people work.
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM)Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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HCM, HR, HR Technology, Human Capital Management, Learning Management, Onboarding, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR, HR Systems, HR Technology, HRchitect, HRMS, Human Capital Management, Integrated Talent Management, learning, Learning Management, Learning Management Systems, Matt Lafata, Onboarding, Recruiting, Saba, Social, Talent Management Systems |
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May 16, 2013
Cornerstone OnDemand Announces First Quarter 2013 Financial Results
- Record quarterly revenue of $37.7 million, up 57% year-over-year
- Record quarterly gross profit of $26.4 million, up 54% year-over-year
- Record first quarter bookings of $35.9 million, up 50% year-over-year1
- Ended the quarter with over 1,300 clients and over 11 million users2
SANTA MONICA, Calif. — May 1, 2013 — Talent management software provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results for its quarter ended March 31, 2013.
Revenue for the first quarter of 2013 was $37.7 million, representing a 57% increase compared to the same period in 2012.
Bookings, which the Company defines as gross revenue plus the change in deferred revenue for the period, were $35.9 million for the first quarter of 2013, representing a 50% increase compared to the same period in 2012.1 Deferred revenue at March 31, 2013 was $90.5 million, representing a 62% increase compared to the balance at March 31, 2012.
“As our results demonstrate, the momentum at Cornerstone has continued unabated,” said Adam Miller, the Company’s President and CEO. “Even with our success, we have addressed just a fraction of the estimated 400 million potential global seats for our software, leaving us with an enormous market opportunity ahead. Through the continued build out of our global distribution capabilities across segments, geographies and verticals, we believe we are well-positioned to capture that opportunity.”
Gross profit for the first quarter of 2013 was $26.4 million, representing a 54% year-over-year increase compared to the same period in 2012. Non-GAAP gross profit for the first quarter of 2013 was $27.3 million, representing a 54% year-over-year increase compared to the same period in 2012.1 Gross margin for the first quarter of 2013 was 70.1%. On a non-GAAP basis, gross margin for the first quarter was 72.2%.1
The Company’s net loss for the first quarter of 2013 was $9.9 million, or $0.20 net loss per share. Non-GAAP net loss for the first quarter of 2013 was $5.3 million, or $0.10 net loss per share.1
At March 31, 2013, the Company’s total cash and cash equivalents were $76.2 million and accounts receivable were $37.2 million, yielding a total of approximately $113.4 million.
The Company ended the quarter with over 1,300 clients and over 11 million users.2
1. Bookings, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net loss and non-GAAP net loss per share are non-GAAP financial measures. Please see the discussion in the section “Non-GAAP Financial Measures” and the reconciliations at the end of this release.
2. Includes contracted clients and active users of any combination of our cloud-based solutions, excluding Cornerstone Small Business Solution, or “CSB”.
Quarterly Conference Call
Cornerstone OnDemand will host a conference call to discuss its first quarter 2013 results at 2:00 p.m. PT (5:00 p.m. ET) today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company’s Investor Relations Web site athttp://investors.cornerstoneondemand.com/events.cfm. The live call can be accessed by dialing (888) 359-3624 (U.S.) or (719) 325-2361 (outside the U.S.) and referencing passcode: 5136257. A replay of the call will also be available at http://investors.cornerstoneondemand.com/events.cfm or via telephone until 11:59 p.m. PT on May 5, 2013 by dialing (888) 203-1112 (U.S.) or (719) 457-0820 (outside the U.S.), and referencing passcode: 5136257.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc. is a leading global provider of comprehensive talent management solutions delivered as Software-as-a-Service (SaaS). We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our core solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. In addition to our core solution, we offer Cornerstone for Small Business and Cornerstone for Salesforce. Our clients use our solutions to source and recruit top talent, develop employees throughout their careers, engage employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. We currently empower more than 11 million users across 190 countries and in 41 languages. www.csod.com
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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM)Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 16 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect
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