First graph, third line of release should read: ...a prominent financial organization with more than 5,400 employees, (sted ...a prominent financial organization with more than 10,000 employees,).
The corrected release reads:
FIRST HORIZON INCREASES BUSINESS EFFICIENCIES AND ACCELERATES TALENT ONBOARDING WITH ULTIPRO®
Ultimate Software (Nasdaq: ULTI), a leading provider of unified human capital management (HCM) SaaS solutions for global businesses, announced today that First Horizon, a prominent financial organization with more than 5,400 employees, is experiencing a range of business benefits and cost savings as a result of transforming its employee onboarding process with UltiPro's unified HCM platform.
First Horizon's HR department made a series of critical business decisions to improve HCM efficiencies following changes in HR strategy in 2008. The HR group was tasked with finding new ways to accomplish its mission with a leaner staff. One fundamental objective was that all new employees become productive quickly and develop rapidly into engaged contributors aligned with corporate values and priorities.
Already using UltiPro to effectively manage talent acquisition and compensation as well as core HR and payroll functions, First Horizon's HR team chose to leverage UltiPro's onboarding capabilities in order to address these strategic initiatives while keeping all of the company's HCM data unified in one central system-of-record.
?With UltiPro, we can begin onboarding even before the new hire begins employment,? said Karen Sones, senior vice president and HR strategic project manager at First Horizon. ?We really love how UltiPro automates and simplifies the process of assimilating new employees into our business and our corporate culture.?
When an employee is hired, UltiPro helps manage all of the processes, workflow, and notifications that need to be completed in order to onboard the new hire. New employees follow a step-by-step guide through the orientation process, including completing required government and procedural forms digitally?with a government-compliant electronic signature?to reduce paperwork. Automated task notifications with built-in reminders ensure a seamless, documented process, eliminating the need for HR to ?chase down' colleagues or vendors to confirm that new hires will receive the proper provisioning.
By using UltiPro, First Horizon has experienced greater cost savings, increased workforce productivity and consistency in HR operations, as well as instant engagement with new members of the First Horizon team.
?UltiPro's onboarding tools help us expedite the process from hiring new employees to having them contribute to our business on day one,? said Sones. ?Because of UltiPro's easy-to-manage platform, our company has saved money while creating happier, more engaged employees. Every employee coming in the door is hearing consistent messaging and receiving the same materials to reference. This streamlined onboarding experience tightens our alignment between workforce actions and company objectives and, as a result, our HR team can now provide a deeper level of service and support to our employees.?
The business impact to First Horizon has been significant. Onboarding is now paperless and all HCM data is centralized and available in UltiPro. First Horizon has eliminated redundant, manual data entry, and the HR team has cut the need for three full-time positions within its department. Most importantly, First Horizon's employee retention rates have improved dramatically?with the overall voluntary turnover rates decreasing by almost 10% in a 12-month period.
?Savvy companies like First Horizon know a strategic, agile approach to finding and engaging talent?from the first interaction with the company during the recruiting process, through onboarding, all the way through retirement?contributes directly to a more productive workforce,? said Greg Swick, chief sales officer for Ultimate. ?UltiPro is designed to address the full range of an organization's talent management needs, and First Horizon is a great example of the positive business outcomes that result from leveraging UltiPro's unified HCM solution to create a high-performance culture.?
About Ultimate
A leading provider of unified human capital management SaaS solutions for global businesses, Ultimate markets its award-winning UltiPro solution as an on-demand service through Software-as-a-Service (SaaS). Based in Weston, FL, Ultimate employs approximately 1,100 professionals who are focused on developing the highest quality products and services. In 2010, Ultimate was named an Optimas Award winner by Workforce Management magazine. In 2009, Ultimate was awarded first place in the People's Choice Stevie® competition for Favorite New SaaS Product and was ranked the #1 best medium-sized company to work for in America by the Great Place to Work® Institute for the second consecutive year. In 2008, Ultimate was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management and was recognized for having the #1 ?Best Product Development Team? in the nation by the American Business Awards. Ultimate has more than 2,000 customers representing diverse industries, including such organizations as Adobe Systems Incorporated, The Container Store, Culligan International, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, and Ruth's Chris Steak House. More information on Ultimate's products and services 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
Ultimate Software, Weston
Public Relations Contact: Darlene Marcroft, 954-331-7444 darlene_marcroft@ultimatesoftware.com
or
For Sales Information:
Ultimate Software, 800-432-1729
Web site: www.ultimatesoftware.com
