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View All Press Releases >SuccessFactors Launches SuccessFactors Business Performance Accelerators: 5 New Solutions for Driving Business Results
New Offering Accelerates Business Performance at Key Inflection Points across the Employee Lifecycle
SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 13, 2009--SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand
performance and talent management solutions, today announced the
availability of SuccessFactors
Business Performance Accelerators, enabling global organizations to
optimize workforce performance by ensuring effective interactions at key
inflection points throughout the employee lifecycle. Driven by
real-world challenges facing organizations and input from existing
customers, Business Performance Accelerators deliver rich, relevant
capabilities for companies of all sizes. The solutions leverage and
extend SuccessFactors' Performance and Talent Management suite of
applications, and were built on top of the SuccessFactors Web Component
Engine which is core to the SuccessFactors platform.
Now more than ever, companies of all sizes and all industries require
tools for a high-performing workforce to compete and thrive in a dynamic
global economy. Thousands of organizations rely on SuccessFactors to
help them bridge strategy and execution gaps, cultivate top talent and
align and motivate employees, but true workforce synergies occur by
combining these business drivers with consistent and effective
interactions between employees, managers and the broader organization.
Having worked with so many customers and actively partnering with them
to drive strategic initiatives, SuccessFactors has packaged a series of
purpose-built solutions for effective on-boarding, off-boarding,
compliance, corrective action and team optimization - unifying workforce
optimization.
"Talent management systems are becoming core enterprise platforms," said
Josh Bersin, president of Bersin & Associates, a research and advisory
firm focused on enterprise learning and talent management.
"SuccessFactors' new Business Process Accelerators provide high-value,
easy-to-implement capabilities that automate many common management
processes. In today's economic environment, such value-add features will
help organizations save money and improve the return on investments in
talent management software."
Rob Bernshteyn, SuccessFactors' global vice president of product
marketing and management, said, "In offering the Business Performance
Accelerators, SuccessFactors continues to out-innovate the industry,
delivering relevant and customer driven solutions as part of our
Performance and Talent Management suite. From effective on boarding to
team optimization to off boarding and beyond, SuccessFactors is helping
companies get the most out of their people during each and every daily
interaction. We're able to bring solutions like these to market so
rapidly largely due to our highly scalable platform: The SuccessFactors
Web Component Engine."
SuccessFactors Business Performance Accelerators
Business Performance Accelerators deliver rich capabilities to optimize
key processes across the employee lifecycle enabling customers to get
the most out of their people, including:
-- On Boarding - Tools such as New Hire Checklists, Job Description
Acknowledgement and New Hire Surveys accelerate the ramp to productivity
for new hires by setting the right expectations and equipping them for
immediate success
-- Team Optimization - Forms for One-on-One Meetings, Employee Feedback and
Audits for Team Performance give managers tools to cultivate and drive
alignment, creating high performing and efficient teams
-- Compliance - Policy Review Confirmations for ensuring adherence of
industry or government regulations help to mitigate risk and liability
for organizations and ultimately drive down the likelihood and cost of
potential enforcement action or litigation
-- Corrective Action- Disciplinary Incident Tracking and Performance
Improvement Plans address employee issues to root out low performers
with nimble responsiveness, while cultivating a culture defined by
fairness and meritocracy
-- Off Boarding - Forms for Severance Approvals, Off-Boarding Checklists
and Exit Interviews streamline the exiting process, create necessary
documentation, and can capture key feedback for organizational
improvement
Customer in Action - Kirby Risk
Kirby Risk, a supplier of electrical products and services, worked with
SuccessFactors to help address employee performance issues by deploying
"Performance Improvement Plan" (PIP) capabilities, now part of the
"Corrective Action" package. PIPs help address employee performance
issues head on to root out low performers and cultivate a culture
defined by fairness and meritocracy. This capability enables Kirby Risk
to keep employees on the right track via clear expectation setting on
objectives and performance, and where needed, explicit guidance on
actionable improvement.
"SuccessFactors Performance Improvement Plan (PIP) functionality enables
Kirby to ensure high returns from the significant investment in training
and education we make in our talent," said Doug Gutridge, vice president
of human resources. "With clear and documented corrective action,
Kirby's management believes it is as much their responsibility as it is
the individual employees' to help each team member actualize their full
potential within the organization."
SuccessFactors Web Component Engine
The SuccessFactors Web Component Engine is the underlying technology
platform upon which all SuccessFactors applications are built. It was
built on a multi-tenant architecture with a single code base
incorporating expertise gained from working with more than 2300
customers around the world. The platform includes a set of reusable
technology components such as a business process template designer,
workflow engine and data permission model. The SuccessFactors Web
Component Engine is the foundation of SuccessFactors' Performance and
Talent Management Suite and Business Performance Accelerators, and
enables the company to quickly innovate and create new applications to
drive business performance for customers.
The SuccessFactors
Performance and Talent Management Suite, which includes Performance
Management, Goal Management, 360 Degree Reviews, Succession Management,
Compensation Management, Learning and Development, Recruiting
Management, Employee Profile, and Analytics and Reporting applications,
creates a company-wide network of information related to employee
performance, including skill-sets, interests, career aspirations,
ability to relocate, experience, languages spoken and more. By providing
deep, real-time, company-wide visibility into such critical performance
data, companies are able to make better, more informed decisions about
how to promote, recruit, compensate, reward and manage their entire
employee base.
Product Webinar
To see a demo of SuccessFactors Business Performance Accelerators, a
live product demo will be given on Wednesday, January 28th at 10:00am
PST. Registration is now available at http://www.successfactors.com/promo/webinars/?event_id=841718097.
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies
and the leading provider of on-demand employee performance and talent
management solutions. The company enables organizations of every size,
and across every industry and geography, to achieve high-performing
workforces through goal alignment and execution, talent development and
planning, and pay-for-performance initiatives. From 92 customers and
approximately 282,000 end users in 2003 to more than 2,360 customers and
4 million end users today, SuccessFactors' solutions are widely deployed
across 60 industries in over 185 countries in 31 languages. Founded in
2001 with offices around the world, the company employs passionate
people focused on revolutionizing the future of work. For more
information, visit: http://www.successfactors.com.
CONTACT: SuccessFactors
Dominic Paschel, 650-645-4474 (Public & Investor Relations)
dpaschel@successfactors.com
Source: SuccessFactors, Inc.