Ventana Research Value Index Assessment Ranks Softscape #1 Overall and the Highest in Overall Customer Assurance, Product Capability, Product Adaptability, and Best TCO/ROI
HRchitect featured Softscape in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.
Softscape, the global leader in people management software, today announced that the Ventana Research 2009 Value Index for Total Compensation Management identifies Softscape as the overall top supplier of total compensation management solutions bringing the highest overall value to the marketplace. Based on the weighted factoring of seven product and customer assurance categories, Softscape was rated the top supplier of compensation management software and qualifies as a “hot” vendor.
According to the Ventana Research, “The Ventana Research Value Index: Total Compensation Management in 2009 is the distillation of a year of market and product research efforts by Ventana Research, the premier benchmark research and advisory services firm. Built on a foundation of 10 years of business and technology research, this unbiased fact- based index is the first such industry undertaking to assess the value of software designed specifically for enabling Total Compensation Management.”
“The importance of Total Compensation Management has become evident with the growing complexity of managing workforce performance and talent in organizations today,” said Mark Smith, CEO & EVP Research, Ventana Research. “Softscape’s rating as overall ‘Hot Vendor’ places them as a key solution provider that organizations should evaluate for compensation processes.”
Softscape’s compensation solution is comprised of two key elements to support the needs of complex global organizations: Compensation Planning and Incentive Compensation.
Softscape Compensation Planning automates and manages the planning, modeling, budgeting, analysis, and execution of enterprise- wide compensation plans. This solution enables organizations to develop and apply consistent compensation plans to all employees.
Softscape Incentive Compensation motivates employees and manages financial rewards within an organization. This solution streamlines incentive policy administration and provides long-term planning for both market- and performance-based plans, as well as variable pay flexibility for individuals, teams, sales, or executives.
While Softscape’s compensation solution on its own solves enterprise-wide compensation administration and management problems, when combined with Softscape’s Performance Management system, organizations can readily establish a high performing, merit-based culture, often referred to as pay-for-performance. Softscape also develops robust reporting and analytic solutions that provide accessible and secure cross-functional compliance reports and audit trails of all transactions related to compensation and performance. This has become increasingly essential with the ever-changing regulatory requirements and compliance issues facing organizations today.
“We are extremely pleased to have been rated the best in the market for our Compensation Management solutions,” said Dave Watkins, Softscape CEO and co-founder. “As an industry expert, Ventana Research has a clear perspective of the compensation market and customer needs. This recognition, along with Softscape’s 98% customer retention rate, is further testament to our momentum not only in compensation management, but also in the broader global people management software marketplace.”
The executive summary of Ventana Research’s Value Index Research is available at: http://www.ventanaresearch.com/tcmvalueindex
For more information about Softscape and our Compensation Management solution, please visit http://www.softscape.com
Matt Lafata, HRchitect
