Ultimate Software’s New Finance, Insurance Customers Fuel Growth in Key Market

December 14, 2016

Ultimate Software

Date: December 14, 2016 2:00 PM EDT

Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today continued momentum in the finance and insurance markets, with new customers that selected UltiPro between May 2016 and August 2016, including Prospera Credit Union, City Credit Union, Boston Partners Global Investors, Inc., the Bank of Edwardsville, State Bank of Southern Utah, and New York Central Mutual Fire Insurance Company.

Ultimate serves more than 400 customers in the finance and insurance industries. With Ultimate’s HCM solution, UltiPro, these companies are able to achieve industry-specific benefits, including:

  • Optimized employee productivity: Because human capital accounts for a substantial portion of the business cost in these industries, efficiencies can directly affect the bottom line. UltiPro functionality enables employees to complete HR-related tasks quickly so they can focus on revenue-related activities. UltiPro Onboarding also reduces new employee time-to-productivity rates by enabling employees to complete administrative tasks before they start.
  • Reduced risk and improved security: Sarbanes-Oxley (SOX) compliance requires strict adherence to security protocols, ensuring that systems can enforce proper permissions for employees. With UltiPro, companies can automate data access, and ensure the right person gets the right access for the job with UltiPro’s configurable security roles.
  • Boosted compliance: With its strong reporting capabilities, UltiPro makes it easy to meet audit requirements. Users can leverage business intelligence to perform the tracking and analysis required by Dodd-Frank, and rely on the solution to include the necessary forms or reports for other regulations, such as those from the Office of Federal Contract Compliance Programs (OFCCP).

“At City Credit Union, we struggled for years with our HRIS systems to interface with the different modules for onboarding, time and attendance, payroll, benefits, and reporting,” said Mitchell Clark, chief administrative officer at City Credit Union. “UltiPro’s unified solution was very attractive from that standpoint. The strong reporting capabilities were another very attractive feature. Most importantly, Ultimate’s ability to provide service and support to its clients was key in our decision to choose UltiPro. Ultimate’s values and mission of ‘People First’ closely align with the Credit Union philosophy of ‘People Helping People.’ We look forward to a productive partnership with Ultimate.”
“Finance and insurance companies are under constant pressure to adapt to an increasingly competitive environment, where operational improvements and increased productivity help companies keep ahead of tight margins,” said Chris Phenicie, chief sales officer, mid-market and strategic, at Ultimate. “UltiPro offers a complete suite of HCM functionality to elevate workforce efficiency and drive bottom-line results. We are proud to welcome these leading finance and insurance companies into the Ultimate circle of customers.”

To learn more about HRchitect and how we can help your organization and your Human Capital Management (HCM) technology needs, please request a consultation. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Benefits, Core HR/Payroll, and more. Over the past two decades, working on thousands of successful engagements for clients of all sizes and industries across the globe, our knowledge of best practices continues to expand and our experience is vast and unsurpassed. We have expertise around all major HCM systems including Benefitfocus, WorkForce Software, Ultimate Software, Oracle, Taleo, SAP, SuccessFactors, Saba, IBM Kenexa, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

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