HRchitect Tech Vendor News: CloudPay Launches Enhanced Global Payroll Reporting Functionality, CloudPay Insights

August 20, 2014

Company’s Latest Innovation Enables Businesses to Leverage Big Data to Understand Their Payroll Process, Drive Positive Results and Make Better Informed Decisions

RALEIGH, N.C. and LONDON, U.K. (August 19, 2014) CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced details of CloudPay Insights, its enhanced global payroll reporting solution. This robust capability gives organizations the ability to leverage big data to gain greater transparency into the real-time costs associated with their workforce by digging deep into their own comprehensive, multi-country payroll data.

 

In today’s competitive business environment and still volatile economy, multi-national organizations must be able to respond and adapt to changing market conditions as rapidly as possible. CloudPay Insights solves this challenge by enabling companies to identify key workforce trends in their global payroll data to drive and support well-informed business strategies. Though often overlooked as a source of record, the information contained in a company’s payroll data reveals crucial statistics on the true costs of compensating employees around the globe. Given the rise of big data and the benefits of utilizing the massive amount of information now available, CloudPay gives employers the tool to drill down into this data to identify hidden costs, spot important trends and make more effective business decisions.

 

The need for such a solution is a pressing one. According to research from the MIT Sloan Management Review and SAS Institute, a majority of professionals reported that their organizations are under pressure from senior managers to become more data driven and analytical. Yet, only 42 percent said they frequently have access to the data they need to make key decisions. At the same time, a report from McKinsey & Company found that the three factors necessary for developing a successful data-driven strategy are: choosing the right data, the ability to predict and optimize business outcomes, and transforming the company’s capabilities. CloudPay Insights provides organizations with the tools to achieve those three aspects. As a result, companies can access real-time reporting metrics on their payroll data, enabling them to act on this information and bring immediate improvements to their payroll operations.

 

CloudPay Insights can be used at all levels of the organization. Senior business leaders benefit from accessing data across their global enterprise to gain a better view of profit and loss, the expenses around payroll taxes and benefit deductions, and the overall costs of doing business. The solution also gives regional and business unit leaders the insight into the costs associated with hiring for specific positions in various regions, helping to drive decisions about where talent should be placed. At the same time, HR and payroll managers and practitioners can easily access audit reports and other key data that provides tactical information about the workforce they need on a day-to-day basis.

 

Innovative features of CloudPay Insights include:

  • Enhanced dashboarding capabilities: Users of CloudPay Insights have the flexibility to create and customize their own reports without having to use pre-built templates, ensuring they leverage the most relevant information.
  • Improved workspace functionality: This feature allows users to create reports with relational or dimensional data sources, enabling deeper analysis, report authoring and advanced data exploration.
  • Faster performance: CloudPay Insights includes developments such as null suppression optimization and in-memory caching for performance gains, enabling users to greatly reduce the amount of time they spend creating reports.

These improvements will lead to significant benefits for CloudPay’s clients, such as:

  • Improved decision making: Stakeholders receive needed information, such as headcount, leavers and new hires per country or legal entity, in a targeted, actionable format personalized according to their areas of responsibility to support informed decisions.
  • Increased operational efficiencies: The solution eliminates the need for labor-intensive data collection, consolidation and reporting, giving users access to CloudPay’s single, unified payroll information repository.
  • Cost reductions: With better business intelligence to understand the big data available and make critical decisions, organizations can streamline their processes and reduce the costs associated with payroll.

“Although the payroll function contains significant information that can help shape business decisions, set goals and priorities and optimize workforce strategy, many companies neglect to mine this data or simply lack the tools to do so effectively,” said Andrew Pearson, CEO of CloudPay. “Necessary for effective global payroll reporting is having a common technology platform that can compile the vast stores of payroll data from across the enterprise and transform it into actionable information. CloudPay stands alone in the payroll management space as the only provider to offer a common technology platform that delivers the business intelligence to make well-informed decisions about the costs and processes of compensating their global employees.”

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect

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HRchitect Tech Vendor News: SilkRoad Closes New Round of Growth Funding

August 13, 2014

Slated to Fuel Next Generation Products and Continued Customer Success

CHICAGO, IL – July 8, 2014 – SilkRoad, a leading global provider of end-to-end talent management solutions, announced today it has secured a new round of funding to bring its next generation of cloud-based products to market. Developed in close collaboration with customers, the fall release of SilkRoad’s Life Suite will be the industry’s most complete and integrated talent management suite.

“Our marquis investors continue to express a strong vote of confidence in SilkRoad’s business, and the marketplace overall,” said John Shackleton, President and CEO of SilkRoad. “The next generation of our integrated talent management suite includes unique features that will make it even easier for our customers to build high caliber teams by attracting, developing, and retaining top talent.”

According to IDC, the worldwide human capital management (HCM) market is forecast to reach $15.4 billion in 2018, growing at a CAGR of 8.2%. Much of this growth is being driven by rapid changes that are occurring across the human resource spectrum, from talent acquisition through talent development and core HR management. These innovative offerings are making it easier for businesses of all sizes to solve many of the challenges that traditional software cannot address.

“SilkRoad is in a rapidly growing market with a proven management team that has a track record of building market-leading companies,” said Warren Weiss, General Partner of Foundation Capital, a leading SilkRoad investor.

The company is set to release the next generation of the SilkRoad Life Suite in the fourth quarter of 2014.

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Saba Provides Selected Fourth Quarter and Fiscal Year 2014 Financial Metrics

August 13, 2014

Record New Cloud Bookings Drive Over 100% Year-Over-Year Growth in the Fourth Quarter

Redwood Shores, Calif., July 14, 2014 – Saba (OTC Pink: SABA), a global leader in next-generation cloud solutions for talent management, today provided an update on its business momentum and its progress on the restatement of historical financial results.

“Saba ended fiscal year 2014 with very strong bookings growth in the fourth quarter and we plan to build on that momentum in fiscal year 2015,” said Shawn Farshchi, President and CEO, Saba.  “New cloud bookings during the last three quarters of fiscal year 2014 grew 75% over the last three quarters of fiscal year 2013, culminating in record fourth quarter new cloud bookings.  We experienced strong growth in all geographies, in our small and medium sized business markets, and in our behind-the-firewall to cloud migrations.  With an adept talent management sales team, a growing pipeline, and a robust demand environment, we believe we are well positioned to deliver new cloud bookings growth in excess of 30% in fiscal year 2015.”

While the Company is not yet in a position to report detailed financial results for its fourth quarter and fiscal year 2014, ended May 31, 2014, as a result of its pending restatement of certain historical financial results, the Company is providing the following selected financial metrics that are not expected to be impacted by the restatement:

  • New cloud bookings (annual contract value) grew over 100% in the fourth quarter of fiscal year 2014 as compared to the fourth quarter of fiscal year 2013.  Fiscal year 2014 new cloud bookings grew 25% over fiscal year 2013.
  • 47 new customers were added in the fourth quarter for a total of 174 new customers in fiscal year 2014.  New customers in the fourth quarter included Bank of New York Mellon,  Northwestern University, George Washington University, Blue Care, Availity, Alestra Mexico, Sony Mexico, Kyowa Hakko Kirin Co., and Shutterfly.
  • 16 customers signed to migrate their talent solution from behind-the-firewall to Saba Cloud in fiscal year 2014; seven in the fourth quarter.  Customers include Intel, Network Appliance, Allina Health System, American International Group, URS Corporation, Bose, and the City of Houston.
  • Cloud renewal rates were 90% in the fourth quarter and 89% for the full fiscal year 2014.
  • Cash and cash equivalents were $27 million (after payments in the fourth quarter of fiscal year 2014 of approximately $3 million associated with the accounting review and restatement and approximately $1 million associated with non-recurring items) and total debt was $69 million at May 31, 2014.
  • Cash flow from operations was $2 million for the fourth quarter of fiscal year 2014 (excluding approximately $3 million associated with the accounting review and restatement).

With over 21 issued or pending patents, Saba continues to strengthen its leadership as one of the world’s most innovative and unified talent management providers.  Saba introduced its Spring 2014 Release, during the fourth quarter of fiscal year 2014, making Saba Cloud more engaging, intelligent, and extensible.  Key innovations across the Saba Cloud Platform include:

  • Learning@Work — introduced remote video proctoring and multiple levels of approvals with support for serial and parallel approval flows
  • Performance@Work — developed To-Do-List that allows employees and managers to group annual development plans into smaller accomplishable goals with various deadlines
  • Collaboration@Work — created the concept of “rooms” where users can aggregate all their session content and meetings in one place
  • Recruiting@Work — added granular approval workflow and approval reminder notifications
  • Architecture and Foundation — enhanced Marketplace by adding seamless integrations to OpenSesame and HireRight to our diverse ecosystem of third-party application partners that include Workday, Salesforce, Microsoft, Monster, LinkedIn, and TalentBin

As previously announced, we are currently working towards completing the audits of prior periods and fiscal year 2014 and anticipate regaining SEC compliance during the fourth calendar quarter of this year.  We plan to hold an annual meeting of stockholders as soon as practical after regaining compliance with the Company’s SEC filing requirements.

Conference Call
Saba will host a teleconference call and live webcast today, Monday, July 14, 2014, commencing at 5:00 p.m. Eastern Time, to discuss its business momentum and its progress on the restatement of historical financial results.  To join the call, please dial +1.800.230.1092 or +1.612.288.0337.  The access code for the conference call is 329942.  To listen to the live webcast, please go to the Investor Relations page of the Saba web site at http://investor.saba.com and click on the Live Webcast icon.

A replay of the conference call will be available shortly after its conclusion.  The replay dial-in number is +1.800.475.6701 or +1.320.365.3844.  The access code for the conference call replay is 329942.  The replay can also be accessed from the Investor Relations page of the Saba web site at http://investor.saba.com and will be available through August 14, 2014.

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Saba Marketplace Bolsters its Talent Ecosystem with HireRight and OpenSesame

August 13, 2014

Drag-and-Drop Capabilities Integrate Third-Party Talent Sourcing, Employee Screening and Learning Content and Services

REDWOOD SHORES, Calif. – June 25, 2014 – Saba (OTCPink: SABA), a global leader in next-generation cloud solutions for intelligent talent management, today announced Saba Marketplace has welcomed HireRight and OpenSesame to its diverse ecosystem of third-party application partners for the Saba Cloud. First announced at the company’s @Work 2014 annual global user conference, Saba Marketplace seamlessly integrates numerous applications across learning, talent and HRMS into a single interface, simplifying and accelerating talent sourcing, employee development and collaboration. Saba Cloud customers now have access to OpenSesame for training excellence and HireRight for employee screening, in addition to a wide range of leading industry applications including Active Directory, Broadbean, Cisco WebEx, LinkedIn, Microsoft Dynamics, Monster, Salesforce, SimplyHired, TalentBin and Workday.

To better support their business, HR and Talent professionals need to be able to easily navigate and connect the actionable information dots from an ever-expanding number of talent, CRM and enterprise services. With its unique drag and drop functionality, Marketplace enables users to quickly implement and continuously fine-tune their HR hub. Fast and easy access and configuration means that organizations have real-time control and can swiftly respond to shifting business priorities. The latest additions to Saba Marketplace allow for the quick creation of learning programs and acceleration of hiring for key positions.

“Organizations – regardless of size, industry or location – are avidly seeking ways to easily empower employees by keeping pace with the services and technologies available today,” said Hemanth Puttaswamy, CTO and Senior Vice President of Products and Development, Saba. “Saba Marketplace delivers intelligent, multi-faceted applications and services under one hood, closing the costly and time consuming gap between data, geographies and critical business initiatives. With the addition of HireRight and OpenSesame, we continue to push the future of application networking and provide our customers an array of integrated solutions.”

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: ALCO Stores, Inc. Selects Benefitfocus HR InTouch Marketplace

July 29, 2014

Popular retail chain adopts cloud-based solution to streamline benefits planning and management

Charleston, S.C. – July 24, 2014 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced that Texas-based retail chain, ALCO Stores, Inc. has selected the Benefitfocus HR INTOUCH MARKETPLACE® to support benefits administration in response to the additional requirements imposed by the Affordable Care Act (ACA). By consolidating benefits-related information and employee data in the cloud-based HR INTOUCH MARKETPLACE portal, ALCO can support online enrollment, employee communication and eligibility management in one place.

With 198 stores across 23 states, ALCO is known for bringing a wide variety of quality merchandise at reasonable prices to smaller communities throughout the central United States. HR INTOUCH MARKETPLACE is built on a configurable rules-based engine that enables ALCO to create enrollment workflows based on the individual’s eligibility status. Plan comparison tools, cost estimators and educational videos help employees become more knowledgeable about the options available to them and the impact of their benefit decisions. Employees are able to conveniently access their benefits information from the portal at any time throughout the year from any web-enabled device.

“HR InTouch Marketplace is exactly what we were looking for coming from a very manual benefits management process,” said Shatana Allen, Director of Human Resources at ALCO Stores. “This is the comprehensive solution we needed to improve employee engagement and be more strategic in our benefits administration. We are excited to roll this out starting with open enrollment for our variable hour workers in November.”

As a retailer, ALCO has a large variable hour workforce population. HR INTOUCH MARKETPLACE supports integration with the ACA Management Platform from Equifax Workforce Solutions, providing ALCO access to the tools to measure and track the eligibility of its workforce as required by the ACA’s Employer Mandate. HR INTOUCH MARKETPLACE provides dynamic messaging capabilities for ALCO to notify newly eligible employees based on the calculations performed by the ACA Management Platform. Additionally, declination surveys and required communication, such as the public exchange notice, can be configured into the enrollment process; survey replies and employee acknowledgement are captured and available via reports.

“ALCO makes it a priority to contribute to the success of its associates and the community it serves,” stated Benefitfocus President and CEO Shawn Jenkins. “At Benefitfocus, we consider our clients a part of our community, and we are passionate about extending the value of our Platform further through our Ecosystem for our clients’ success. ALCO is a great example of the advantages that this extensibility offers.”

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Kent Corporation Selects Benefitfocus HR InTouch Marketplace

July 29, 2014

Iowa-based food supply corporation to enhance employee benefits enrollment & education using Benefitfocus Technology

Charleston, S.C. – July 9, 2014 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced that Kent Corporation has adopted Benefitfocus HR INTOUCH MARKETPLACE® to support benefits enrollment and administration throughout the year, beginning with the company’s annual enrollment this fall. Kent Corporation is a family-owned, privately held company based in Muscatine, IA, with operating subsidiaries involved in corn wet milling, animal feed production and manufacturing and sale of food products. With integrated decision support and multilingual capabilities, HR INTOUCH MARKETPLACE creates a user-friendly enrollment experience for Kent Corporation’s geographically dispersed workforce of more than 1,600 employees.

By integrating with insurance carrier and payroll systems, Benefitfocus allows Kent Corporation to manage benefits-related information within HR INTOUCH MARKETPLACE and minimize redundancy from data entry into multiple systems. This automation, combined with a configurable enrollment workflow, creates a streamlined process for Kent Corporation’s annual enrollment, new hire onboarding and year-round qualified life event changes.

Accessible through a browser from any web-enabled device, HR INTOUCH MARKETPLACE is designed to offer employees a convenient way to shop for their benefits and learn about their benefit options. The step-by-step enrollment process presents employees with the plans for which they are eligible along with educational videos and informative content that explains coverage in simple terms to help employees make informed choices to address their needs.

Moving forward, Kent Corporation will also leverage the BENEFITFOCUS® Total Compensation App to provide employees with visibility into the full value of their compensation package. Payroll data along with health coverage and other benefits unique to Kent Corporation’s total compensation package can be accessed through a point in time report within HR INTOUCH MARKETPLACE.

“Benefitfocus Technology offered the advanced functionality and flexibility that can help us move toward an employee-centric benefits strategy,” stated Janet R. Sichterman, Vice President of Human Resources & Communications for Kent Corporation. “We believe this solution will provide our geographically dispersed workforce with timely information for making better benefit decisions while reinforcing the great benefits package Kent Corporation offers to them.”

“Kent Corporation’s dedication to customer satisfaction has led to continuous investment in their people, technology and facilities,” stated Benefitfocus President and CEO Shawn Jenkins. “Benefitfocus is excited to be part of that commitment by providing technology to Kent Corporation that offers its employees decision support integrated into an online enrollment process.”

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Saba Surpasses 700 Customers Using Its Workforce Planning Solution

June 26, 2014

Planning@Work Solution Helps Companies Align Organizational Plans With Business Strategies

REDWOOD SHORES, CA–(Marketwired – Jun 9, 2014) – Saba (OTCPink: SABA), a global leader in next-generation cloud solutions for talent management, today announced it has surpassed 700 enterprises from around the world using its Planning@Work workforce solution, formerly known as HumanConcepts. A component of the Saba talent management suite, Planning@Work enables companies to effectively manage organizational change by providing organizational structures, succession plans, talent pools, scenario planning and social graphing. New customers such as Abu Dhabi Airports Company, Bank of Papua New Guinea, Citic Pacific Mining, Keepmoat, Myer, Rafael, Roy Hill, The George Washington University and Waterford-Wedgwood-Royal Doulton join companies including ABC Family Worldwide, Brigham Young University, Dimension Data, Hologic, Pitney Bowes and PZ Cussons who are using this innovative product to align organizational plans with overall business strategies.

“Today’s distributed workforces require organizations to adopt systems that provide a global view of big picture items such as succession planning, M&A activity and restructuring, as well as more granular information such as salary analysis and managing workforce growth,” said Emily He, CMO at Saba. “Passing the 700 customer milestone is a significant validation for the value Planning@Work provides to a wide array of businesses across many industries.”

Too often, companies struggle to create a visual, accurate representation of all human resource data. Planning@Work provides an integrated view of all of enterprise resource planning (ERP), human capital management (HCM), and talent and learning data in the format of an organization chart. These capabilities allow organizations to have a global view of the workforce, establish metrics and use the analytics with the data to start planning — all while meeting business objectives and goals.

Saba’s workforce planning solutions include:

  • visualization module which helps organizations better understand their current structure, assess organizational health (KPI’s), benchmark, and create a case for change
  • plan & model module which enables the design of future organization structure, putting the right people in the right seats, meeting budgetary and regulatory requirements, and monitoring goals
  • transition manager module which automates change management activities related to reduction in force, separations, and redeployment of workforce
  • succession planning module which helps ensure business continuity and leadership

“Saba’s Planning@Work gives us the functionality that we need. We now have the data and we know that it is current,” said David Anderson, Head of Human Resources, VisitScotland. “It used to take us months to calculate the headcount through compilation of multiple spreadsheets — Saba’s Planning@Work saves us so much time.”

Saba’s workforce planning solutions help with:

  • Organization design and optimization
  • Workforce and succession planning
  • Talent/HR data analysis, cleansing & budgeting
  • Workforce reduction, compliance, risk analysis and management
  • M&A and restructuring

Read more about today’s announcement on Saba’s blog. Visit the Planning@Work product tour to learn more information about features and benefits.

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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 HCM 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 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


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