Subscribe to the Press Releases RSS feed.SuccessFactors Brings Tailored Best Practices in Performance and Talent Management to the Financial Services Industry
SAN MATEO, Calif. - January 17, 2007 - SuccessFactors, the global leader in
on-demand performance and talent management solutions, today announced the rapid
adoption of its software by over 100 financial services organizations. SuccessFactors
is providing the talent management technology backbone for the industry's leading
financial services institutions including MasterCard Worldwide, T. Rowe Price,
Wachovia Bank, Lloyds of London, and many others. Based on extensive financial
industry experience, SuccessFactors has tailored its performance and talent
management solutions specifically for this industry, and is now offering SuccessFactors
for Financial Services on- demand. This comprehensive solution provides built-in
best practices and processes, expressly designed to address and support the
unique human capital management challenges that exist within financial services
organizations.
According to Deloitte Research's "Financial Services in 2010 Report," the financial
services community is facing a number of critical challenges including shrinking
markets, compliance regulations, consolidation, an increased focus towards global
expansion and the general trend of reduced growth across the industry. As companies
rally to address these challenges, retaining and motivating an effective and
productive workforce will prove critical to improving business performance.
SuccessFactors helps organizations have better insight into the quality of their
talent and provides the tools to optimize workforce performance, in order to
meet the overall objectives of the company.
"In keeping with MasterCard's goal of providing exemplary customer service and
satisfaction, SuccessFactors technology has helped MasterCard build an organizational
process that aligns, develops and motivates our workforce and drives individual
accountability for high performance," said Ed Stutz, MasterCard Worldwide Director
of HR Business Systems. "SuccessFactors has also showcased true commitment to
MasterCard's success throughout our three year engagement, demonstrating a service
mentality and a partnership dedication that has helped us turn our performance
and talent initiative into a strategic business driver."
Based on SuccessFactors' extensive experience working with the unique needs
and proven best practices of financial services customers, SuccessFactors for
Financial Services includes pre-configured competencies and templates that incorporate
financial services roles/competencies, job profiles and role-based goal libraries.
With SuccessFactors for Financial Services, organizations reap the benefits
of complete customization based on pre-tested strategy; enabling swift deployment
and a rapid path to business results.
Other leading financial services organizations that are on SuccessFactors include
Fannie Mae, NASD, Inc., New York Life Insurance Company, Oppenheimer Funds,
ScotiaBank, Virgin Money, Wachovia and Westfield Group Services. SuccessFactors'
rapid growth in this market mirrors its equally impressive and unprecedented
growth in more than 40 other industries representing a combined total of over
2 million users across 139 different countries.
About SuccessFactors
SuccessFactors delivers performance and talent excellence, on demand. The company's
software promotes visibility, accountability, and results, enabling organizations
to eliminate the politics that destroy motivation and impede performance. Fueled
by the industry's highest renewal rate, SuccessFactors has grown in the past
12 months from 275 customers to over 1,000 customers and from 1 million users
to over 2 million users in 139 countries, across 40 industries, and in 18 languages
- all while becoming easier to use. During that period, the company nearly doubled
its employee base, currently employing over 400 people passionate about effective
human capital management. Carefully managed and executed internal growth has
allowed the company to provide the same caliber of absolute excellence in execution
for customers that catapulted SuccessFactors into the product, customer and
revenue leader in the performance and talent management space. Customers include
Kimberly Clark Corporation, MasterCard Worldwide, T. Rowe Price, Textron, Sutter
Healthcare, Direct Energy, Arrow Electronics, Quintiles Transnational, Volkswagen
of North America, Lancaster General Hospital and Salesforce.com. The company
continues to execute at a level of global excellence by providing an industry-leading,
scalable and secure global hosting operation. Founded in 2001, SuccessFactors
has 15 worldwide offices collaborating for strong local support of customers.
For more information, visit http://www.successfactors.com.