SAN MATEO, Calif., June 27, 2011 /PRNewswire/ --
Today, SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in
business execution software, launched a new, bundled Business
Execution (BizX) solution designed specifically for the needs of
small businesses. The new enhanced Professional Edition offering
gives small businesses tools optimized to their needs to help
manage the entire employee life cycle, hire the best people, keep
them on track, develop their skills, and proactively manage the
health of the business.
"At SuccessFactors we are passionate about helping small
businesses drive real results. A lot of companies look for
solutions to simply automate their HR processes, but as the economy
changes, purely automating a process will not enable small
businesses to grow over time," said Marjorie Toucas, senior
director, global small business sales, SuccessFactors. "Our
solutions are all on the BizX cloud and help small businesses to
accelerate growth and move from simple automation to visibility,
optimization and ultimately transformation of their business."
Professional Edition is web-based, easy-to-use and scalable.
Small businesses can begin with a strong core solution, with no
implementation costs, and add other modules as needed. With the new
enhanced Professional Edition small businesses can:
- Improve performance: Equip managers with a framework to
discuss, measure and improve employee performance through an
automated review process based on best practices. Professional
Edition uncovers specific development opportunities through both
annual and 360-degree reviews.
- Accelerate business results: Provide a framework where
each and every employee has objectives that are aligned to the
company strategy for increased agility, focus and
accountability.
- Engage their people: Employees who have clear feedback
for professional growth and clear visibility on how they contribute
to organizational success are more likely to care about their jobs
and do them well.
- Retain and reward the best employees: An accurate and
consistent performance review process enables companies to create a
true pay-for-performance program and increase the commitment of top
performers.
- Recruit better: As a new optional add-on to Professional
Edition, Recruiting Management makes it easy to quickly find,
screen and hire the right people for the right jobs.
In addition, SuccessFactors added new tools to help its small
business customers get started faster and configure the solutions
to match their specific needs and company culture. With the new
setup wizard, customers can configure their system in less than an
hour as it walks them through common setup choices. Once live, the
new administration tools empower human resources leaders to easily
make adjustments to the configuration, helping increase
productivity and reduce the cost of maintenance.
"As an independent agency leading the evolution of advertising
in a post digital world, we use our culture as a competitive weapon
and SuccessFactors has been a valuable talent management tool
that's helped us establish what high performance truly means," said
Lea Daughtridge Wharton, director of
human resources, McKinney. "In our industry, training and personal
development is often the number one benefit employees wish they had
more of and, sadly, it is sometimes lacking. SuccessFactors
helps us provide high-level, truly holistic personalized
development plans that focus on getting better every
day."
To complement Professional Edition, SuccessFactors also launched
an e-learning series designed specifically for the needs of small
businesses that are looking to implement HR systems for the first
time. The video series, powered by SuccessFactors Social Learning,
gives customers access to best practices training on setting up
goals, giving employee feedback, aligning strategy and more.
Training content will be updated on a regular basis and
targeted to HR, line of business leaders and executives.
In addition to the enhanced Professional Edition, SuccessFactors
also offers the SuccessPractices bundle for small businesses with
established practices that are looking to take the next leap
forward in business execution. SuccessPractices offers succession,
career and development planning and workforce analytics for small
business owners to keep their people focused on the right work and
to help ensure they are getting the most from their team every
day.
About SuccessFactors for Small Business
Make that breakthrough hire. Focus your people on what matters
most. Develop and reward exceptional performance. Bridge the gap
between your business strategy and your everyday execution.
SuccessFactors Business Execution (BizX) Software
Solutions can move your small business away from
manual paper-based processes and into
the BizX Cloud. Our easy-to-use tools deliver the time
and insight that senior leaders, managers and human
resource professionals need to move your business forward. You
can reach out to new opportunities, markets, products and services
with fully engaged, productive employees who are aligned
with your company goals. And you can create a unique
workplace culture where key performers stick around because
they love their work.
Make Your Move. Make a Difference.
Learn more at www.successfactors.com/small-business.
About SuccessFactors, Inc.
SuccessFactors is the leading provider of cloud-based Business
Execution (BizX) software solutions to organizations of all sizes,
with more than 8 million users across multiple industries and
geographies. We strive to delight our customers by delivering
innovative solutions, a broad range of content, process expertise
and best practices knowledge gained from serving our large and
varied customer base. Today, we have more than 3,200 customers
in more than 168 countries using our application suite in 34
languages.
Execution Is The Difference™
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Join us for SuccessConnect in Sydney,
Australia Aug. 24-25:
http://www.successfactors.com/successconnect/.
"Safe harbor" statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are SuccessFactors' current expectations
and beliefs.
These forward-looking statements include statements about future
growth prospects. Factors that could cause actual results to differ
materially from those contemplated by these forward-looking
statements include: our ability to retain customers and to
experience high customer renewal rates; whether customers renew
their agreements for additional modules or users; pricing
pressures; the uncertain impact of the overall global economic
conditions, including on customers, prospective customers and
partners, renewal rates and length of sales cycles; the fact that
the business execution market is at an early stage of development,
and may not develop as rapidly as we anticipate; risks related to
the integration of the acquisitions, including retaining customers
and employees and managing geographically-dispersed operations;
competitive factors; outages or security breaches; our ability to
develop, and market acceptance of, new services; the impact of any
discovered product defects or outages; our ability to continue to
sell our services outside the HR area; our ability to manage our
growth; our ability to successfully expand our sales force and its
effectiveness; whether our resellers and other partners will be
successful in marketing our products; our ability to continue to
manage expenses; the impact of unforeseen expenses, including as a
result of integrating acquisitions; and general economic conditions
worldwide. If any such risks or uncertainties materialize or if any
of the assumptions proves incorrect, our results could differ
materially from the results expressed or implied by the
forward-looking statements we make.
Further information on these and other factors that could affect
these forward-looking statements is included in the section
entitled "Risk Factors" in our Annual Report on Form 10-K and in
our most recent report on Form 10-Q and in other filings we make
with the Securities and Exchange Commission from time to time.
Contact:
For media inquiries:
Andrea Meyer
+1.415.370.7329
ameyer@successfactors.com
For investor inquiries:
Karen Moran
+1.650.645.4439
kmoran@successfactors.com
SOURCE SuccessFactors, Inc.