Ultimate Software (Nasdaq: ULTI), a leading provider of human
capital management (HCM) solutions in the cloud, announced today
that it has delivered numerous enhancements to its HCM solution in
the UltiPro® Summer 2015 release, including a new “at-a-glance”
dashboard for predictive metrics on employee performance and
retention, and expanded configurability for a more flexible
experience that can be tailored to specific customer needs.
New Workforce Predictors Dashboard
The demand for predictive analytics in the area of HCM is
rapidly increasing, as businesses are seeing the value of big data
and data modeling across many areas of the business, such as
expense management and inventory management.
“While many finance, marketing, and supply chain organizations
have been implementing analytics solutions for decades, HR is just
now starting to get serious,” said Josh Bersin, principal, Bersin
by Deloitte, Deloitte Consulting LLP. “Our research shows
that only 4% of the large organizations we surveyed have the
ability to ‘predict’ or ‘model’ their workforce, while almost all
can model and predict their financial results and expenses. The
next level of people analytics solutions are most likely to come
from HR software vendors, which increasingly are able to provide
predictive solutions out of the box.”
To enable HR teams to act on the predictive power of the
employee data they already gather, the latest enhancements to
UltiPro’s set of predictive analytics — which include the UltiPro
Retention Predictor™, the UltiPro High Performer Predictor™, and
the UltiPro High Performer Indicator™ — include a new visual
dashboard that can help leaders quickly spot their future top
performers and recognize if they are at risk of losing top
talent.
“Our UltiPro Summer 2015 release focuses on empowering our
customers through data and analytics,” said Adam Rogers, chief
technology officer for Ultimate. “With UltiPro’s Predictive
Analytics Dashboard, customers have an at-a-glance view of their
employees’ performance and retention risk. From there, leaders and
managers can make data-driven decisions regarding their talent
strategies, which can result in lower turnover and even higher
performance.”
UltiPro’s Predictive Analytics Dashboard includes visual
indicators such as:
- High-, medium-, and low-retention-risk
groups, based on the UltiPro Retention Predictor analytics
- High performers by retention risk
- Termination rates of the workforce as a
whole, in comparison with the termination rates of high performers,
and more
“Building a better environment to attract and retain talent
starts with having visibility into your workforce as it stands
today and what’s likely to happen in the future. Our Predictive
Analytics Dashboard empowers customers with easy-to-understand
visual gauges of the top talent in the organization and future
flight risks,” said Rogers. “Ultimate is continuously evolving the
scope of UltiPro’s analytics to help our customers build the
people-centric environments they need to grow and succeed.”
Many Ultimate customers are already using UltiPro’s predictive
analytics to forecast employee performance and flight risk, and
assist managers in taking action to grow and retain high-potential
talent.
“We are excited about Ultimate’s predictive tools and their
promising role in workforce planning and the talent assessment
processes at INTRUST Bank,” said Jill Beckman, division director of
people services at INTRUST Bank. “We are currently partnering with
Ultimate to better understand the analytics and how to best
integrate them in our processes, as well as understand and utilize
the new Predictive Analytics Dashboard.”
Expanded Configurability
The Summer 2015 release also adds enhanced configurability that
focuses on allowing customers to more easily tailor the UltiPro
solution to their business requirements through an engaging and
intuitive end-user experience. New features include:
- Expanded workflow configurability and
simplified configuration capabilities for common changes such as
field-label changes
- New “Value Rules Engine” that gives
customers the ability to auto-populate data in one field based on
the value in another field in the system — for example,
automatically populating the department an employee works in based
on his or her office location
- Faster tools for mass data updates
- Enhanced ability to more easily create
and manage integrations to other business systems with the new
intuitive graphical design of UltiPro’s Integration Studio
“More than 1,000 Ultimate customers are leveraging UltiPro’s
configurability options and have created more than 60,000
configurations to address business-specific data, field labels,
workflows, page layouts, and more,” said Rogers. “Because Ultimate
believes in simplifying work to renew and increase engagement, we
enable our customers to achieve a highly tailored solution through
configuration. We are strengthening UltiPro’s configurability with
every release so that UltiPro can fit our customers—not the other
way around.”
Partner News
Ultimate continues to grow its partner ecosystem to give
customers options to leverage complimentary products and services.
In summer 2015, Ultimate extended the value of UltiPro with
connectivity to:
- NetSuite, the industry’s leading
provider of cloud-based financials/ERP and omnichannel commerce
software suites, with the ability to move general ledger (GL) files
seamlessly between UltiPro and NetSuite during the payroll
process
- HireRight, a leading provider of global
employment background checks and drug testing, offering an
integrated solution that enables recruiters to order and manage
background screening programs from within UltiPro, reducing
administration to help improve the candidate experience and onboard
talent more quickly
- Assess Systems, a leading provider of
comprehensive employment assessments
Ultimate also announced several new partnerships with providers
that offer related HR and payroll services, including:
- eQuest, a provider of job delivery
services to career sites worldwide
- PayAsia, a large-population payroll
provider servicing 24 countries in Asia Pacific, India, and
Africa
- Asurint, delivering comprehensive
background screening and drug-testing services
- Tax Credit Co., offering a
comprehensive service to capture tax credits across all major
industries
- Vault Verify, providing a flexible,
accurate, easy-to-use, and trusted system for processing employment
and salary verification requests for current and former employees,
DOT verifications, degree verifications, and more. Vault Verify
significantly reduces the labor burden associated with verification
of employment (VOE) and helps make HR a profit center for any
business.
“We are pleased that Ultimate’s partner program has grown so
extensively, and we welcome our latest partners and their diverse
expertise to our partner network,” said Rogers. “We are excited to
work together to deliver the industry’s best HCM products and
services.”
About Ultimate Software
Ultimate is a leading provider of cloud-based human capital
management (HCM) solutions, with more than 20 million people
records in the cloud. Ultimate’s award-winning UltiPro delivers HR,
payroll, talent, and time and labor management solutions that
connect people with the information they need to work more
effectively. Founded in 1990, the company is headquartered in
Weston, Florida, and employs more than 2,600 professionals. In
2015, for the fourth consecutive year, Ultimate was ranked in the
top 25 on FORTUNE’s list of the 100 Best Companies to Work For;
recognized for the third year in a row as one of Achievers’ 50 Most
Engaged Workplaces™ in North America; ranked #7 on Forbes
magazine’s list of the 100 Most Innovative Growth Companies; named
among the InformationWeek Elite 100, honoring innovation in
business technology; and recognized as a “Leader” in Nucleus
Research’s HCM Technology Value Matrix. Ultimate has more than
2,800 customers with employees in 160 countries, including Bloomin’
Brands, Culligan International, Major League Baseball, Pep Boys,
Texas Roadhouse, and Yamaha Corporation of America. More
information on Ultimate’s products and services for people
management can be found at www.ultimatesoftware.com.
UltiPro is a registered trademark of The Ultimate Software
Group, Inc. All other trademarks referenced are the property of
their respective owners.
Follow Ultimate Software on Twitter:
www.twitter.com/UltimateHCM or on LinkedIn:
http://linkd.in/UltimateHCM.
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version on businesswire.com: http://www.businesswire.com/news/home/20150903006302/en/
Ultimate Software, WestonPublic Relations Contact:
Darlene Marcroft,
954-331-7444darlene_marcroft@ultimatesoftware.comorFor Sales
Information:Ultimate Software, 800-432-1729Website:
www.ultimatesoftware.com
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