Latest In-Depth Research Ranks SumTotal as Top Ranked Hot Vendor in Product Capability and Customer Assurance Categories
HRchitect featured SumTotal Systems in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. SumTotal Systems appeared on the HRchitect WebMingle on May 1, 2009. SumTotal Systems also competed in the HRchitect Beauty Pageant on Employee Performance Management Systems in February 2009, where they were crowned the winner. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 2009.
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SumTotal® Systems, Inc., the global leader in complete talent management solutions, today announced that the Ventana Research 2011 Value Index for Total Compensation Management identifies SumTotal as the top ranked supplier of total compensation management solutions providing the maximum overall value to the marketplace. Based on the weighted factoring of five product and two customer assurance categories, SumTotal was rated with the highest compliance and designated a “Hot Vendor” for compensation management software.
The Ventana Research 2011 Value Index for Total Compensation Management 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.
According to Ventana Research, “In the 2011 Value Index for Total Compensation Management, the company delivering the highest value on an overall weighted-evaluation basis is SumTotal Systems, which earned the Hot Vendor rating.”
“The lack of vendor and product reviews offered in the market by IT analysts has misled the business and IT buyers on the importance of this category,” said Mark Smith, CEO & EVP Research, Ventana Research. “Ventana Research believes that an investment in total compensation management software, wisely done, is a strategic step toward improving workforce performance, and our benchmark research confirms this evaluation. SumTotal’s rating as overall ‘Hot Vendor’ places them as a key solution provider that organizations should evaluate for compensation processes.”
“Reducing the complexity of global compensation management should be the number one priority for all organizations,” said Nadeem Syed, Executive Vice President, Worldwide Product Management & Engineering at SumTotal. “Costs savings can be realized across the entire value chain, from plan definition, to decision support, integration, localization, and approvals. By focusing on a handful of key best practices, HR organizations better position themselves to optimize planning, modeling, budgeting, analysis, and execution of their enterprise-wide compensation plans.”
SumTotal’s compensation solution is comprised of two key elements to support the needs of complex global organizations: Compensation Planning and Incentive Compensation.
SumTotal Compensation 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.
SumTotal 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.
“We are extremely pleased to be again recognized for our advanced technology and capabilities in this area,” said John Borgerding, CEO of SumTotal Systems. “Ventana Research is leading the industry with comprehensive analysis in this critical market segment and has a clear perspective of what it takes for customers to succeed. This recognition is further testament to our momentum not only in compensation management, but also in the complete talent management software marketplace.”
For more information, visit the company’s website at www.sumtotalsystems.com. The executive summary of Ventana Research’s Value Index Research is available at: http://www.ventanaresearch.com/tcmvalueindex
For more information on SumTotal Systems, please visit www.sumtotalsystems.com.
Matt Lafata, HRchitect