Alliance to Deliver Most Comprehensive
Combination of Business Applications in the Cloud
Ultimate Software (Nasdaq: ULTI), a leading cloud provider of
human capital management solutions, and NetSuite (NYSE: N), the
industry’s leading provider of cloud-based financials/ERP and
omnichannel commerce software suites — announced today a
strategic alliance to integrate the UltiPro HCM solution and the
NetSuite ERP suite, giving businesses the ability to manage their
entire business lifecycle — from financials, supply chain, and
customer relationship management (CRM); to payroll, HR, and talent
management — through two of the industry’s leading cloud
solutions.
Ultimate Software — a leading cloud provider of integrated
payroll, HR, and talent management solutions, founded in 1990 and
serving more than 19 million people records in the cloud — delivers
the person-centered UltiPro HCM solution, which serves as the
master system of record for all of an organization’s people
information, employee management, and workforce intelligence — from
talent acquisition through retirement; including HR, payroll,
benefits, time and labor management, performance, compensation, and
succession management.
NetSuite — the industry’s leading provider of cloud-based
financials/ERP and omnichannel commerce software
suites, founded in 1998 — delivers enterprise-class cloud ERP to
approximately 24,000 companies and subsidiaries — including
business solutions for finance, sales, marketing, services, supply
chain, fulfillment, ecommerce, inventory and order management, and
more.
With the UltiPro and NetSuite solutions being widely recognized
as two of the most comprehensive cloud solutions — offering some of
the industry’s deepest and most mature feature sets — this
combination of leading cloud solutions will bring the industry an
unprecedented level of end-to-end functionality across every area
of the business.
In addition to Ultimate announcing its integration of UltiPro
HCM and NetSuite’s cloud ERP platform, the two companies are now
partnering to provide each other’s customers solutions in the HCM
or ERP space.
“By connecting UltiPro’s rich HR, talent, and payroll
capabilities to NetSuite’s suite of ERP applications, Ultimate and
NetSuite offer businesses the ability to manage their entire
spectrum of business technology needs through two of the most
trusted cloud vendors in the world — while enjoying
industry-leading functionality, scalability, and configurability —
without requiring point solutions for different business
applications,” said Scott Scherr, chief executive officer of
Ultimate. “Not only are both our solutions leaders in cloud
business technology, but our commitment to culture and service to
customers is highly aligned. We’re excited to bring this
partnership to the market.”
“The combination of Ultimate’s robust HCM functionality together
with NetSuite’s system of record for core operational processes
provides our customers with a tightly integrated solution to run
the core aspects of their business,” said Zach Nelson, chief
executive officer of NetSuite. “We’re giving businesses of all
sizes enterprise-class functionality, with the flexibility,
scalability, and agility of the cloud.”
This announcement gives companies the option to simplify their
business ecosystems and realize substantial increases in business
operation efficiency. The integration of Ultimate’s end-to-end HCM
suite with NetSuite’s comprehensive business management platform
will offer significant benefits including:
- seamless movement of new hire data from
the HCM/payroll system to the ERP system for immediate access to
other business applications and end-to-end business processes
- reduced IT cost to integrate data
between systems
- increased data integrity through
elimination of duplicate data entry
- significant time savings
- ability to more easily access data
across the full suite of business applications for reporting and
analysis
- single sign-on for employees to access
their HCM solution and any NetSuite business application such as
CRM, supply chain, and financials
Ultimate and NetSuite made the announcement at Ultimate’s annual
user conference, Connections, today in Las Vegas where more than
1,800 customers were gathered to learn about the direction of
UltiPro’s HCM technology.
“Partnerships which deliver tightly integrated best-in-class
solutions provide a win-win for customers and prospects. In today’s
market, organizations seek tighter and more robust integration
between their ERP cloud and HCM clouds, meaning one less
headache to operate their enterprise software portfolio,” said
Holger Mueller, vice president and principal analyst at
Constellation Research.
About Ultimate Software
Ultimate is a leading cloud provider of people management
solutions, with more than 19 million people records in the cloud.
Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and
time and labor management solutions that connect people with the
information they need to work more effectively. Founded in 1990,
the company is headquartered in Weston, Florida, and employs more
than 2,300 professionals. In 2015, for the fourth year in a row,
Ultimate was ranked in the top 25 on FORTUNE’s list of the 100 Best
Companies to Work For; and recognized for the third year in a row
as one of Achievers’ 50 Most Engaged Workplaces™ in North America.
In 2014, Ultimate was ranked #8 on Forbes magazine’s list of the
100 Most Innovative Growth Companies; and recognized as a ‘Leader’
in Nucleus Research’s HCM Technology Value Matrix. Ultimate has
more than 2,800 customers with employees in 150 countries,
including Bloomin’ Brands, Culligan International, Major League
Baseball, Pep Boys, Texas Roadhouse, and Yamaha Corporation of
America. More information on Ultimate’s products and services for
people management 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
Follow Ultimate Software on LinkedIn:
http://linkd.in/UltimateHCM
About NetSuite, Inc.
Today, approximately 24,000 companies and subsidiaries depend on
NetSuite to run complex, mission-critical business processes
globally in the cloud. Since its inception in 1998, NetSuite has
established itself as the leading provider of enterprise-class
cloud ERP/financials suites for divisions of large enterprises and
mid-sized organizations seeking to upgrade their antiquated
client/server ERP systems. NetSuite continues its success in
delivering the best cloud ERP/financial suites to businesses around
the world, enabling them to lower IT costs significantly while
increasing productivity, as the global adoption of the cloud is
accelerating.
Follow NetSuite's Cloud blog,
NetSuite's Facebook page and @NetSuite Twitter
handle for real-time updates.
For more information about NetSuite, please
visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service
marks of NetSuite Inc. Third-party trademarks mentioned are the
property of their respective owners.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements relating
to expectations, plans, and prospects including expectations
relating to the planned future strategic alliance between Ultimate
Software and NetSuite to integrate Ultimate Software’s UltiPro HCM
solutions and the NetSuite ERP suite. These forward-looking
statements are based upon the current expectations and beliefs of
Ultimate Software and NetSuite management as of the date of this
release, and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
described in the forward-looking statements including, without
limitation, failure of Ultimate Software and NetSuite to reach
agreement on the terms of the strategic alliance and move forward
with the strategic alliance, and risks or delays associated with
the integration of the UltiPro HCM solutions and the NetSuite ERP
suite. All forward-looking statements in this press release are
based on information available as of the date hereof, and Ultimate
Software and NetSuite management disclaim any obligation to update
these forward-looking statements.
Ultimate Software, WestonPublic Relations Contact: Darlene
Marcroft, 954-331-7444darlene_marcroft@ultimatesoftware.comorFor
Sales Information:Ultimate Software, 800-432-1729Website:
www.ultimatesoftware.comorNetSuite, Inc.Mei Li,
650-627-1063meili@netsuite.com
Nuveen Pennsylvania Muni... (NYSE:NPN)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Nuveen Pennsylvania Muni... (NYSE:NPN)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024