Newsroom

Financial Services Company Selects Ultimate Software’s Cloud-Based UltiPro for Improved HCM, Strategic Focus on People

Date: September 12, 2014 3:30 PM EDT

Public Company Information:

NASDAQ: ULTI
US90385D1072

Weston, FL--Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that Connecticut On-Line Computer Center (COCC), an innovative provider of technology services to financial institutions, from core processing to business process management, has selected the cloud-based UltiPro solution to improve and elevate its processes for human capital management (HCM).

COCC’s financial and banking technology solutions include teller software, process management, electronic banking, risk management, and more. The technology firm, based in Connecticut, serves 175 financial institutions and ranks as one of the fastest growing data processors in the Northeast. Key components of its business strengths include a deep commitment to customer satisfaction as well as positive corporate culture for its employees.

Company leaders wanted to leverage a more strategic provider to elevate its HCM in order to better manage its diverse workforce, achieve long-term corporate goals, and deliver measurable results to its overall business. In May 2014, COCC selected Ultimate’s UltiPro solution.

“As our company grows and continues to be successful, we needed a sophisticated HCM solution that offers the latest technology, highest process efficiency, and the greatest user experience for our employees,” said Paula B. Elias, HR manager at COCC.

“Ultimate Software also has a strong parallel to our own organization, from values to business strategies. Plus, UltiPro will provide our people with the right technology to support our organization — technology that will enable us to make immediate adjustments when necessary and that will evolve and expand with us in the future.”

Many organizations rely on multiple systems, paper forms, and disparate databases to manage, track, and plan the range of HR, payroll and talent management, often leading to increasing complexities, inconsistent or inaccurate data, and additional business challenges. By leveraging a unified HCM solution, businesses like COCC can align employee information, systems, and practices, and results can include high levels of adoption; improved accuracy; real-time, detailed visibility for strategic decisions; and better execution of overall business goals.

In addition to delivering a full suite of HCM, UltiPro includes cohesive reporting that can exchange data across human resources, payroll, benefits enrollment, compensation, compliance, talent acquisition, and more. Having all of its HCM in one solution enables executives and managers to quickly find relevant information on payroll, benefits, time, and their respective teams of talent, and COCC’s HR and payroll teams can take advantage of more speed, control, and flexibility, especially when having to manage the volume that comes with growth.

“UltiPro will be a very positive, easy-to-use experience for our employees, and they will benefit from several features, such as instant, 24-7 access and convenience with one sign-on for self-service, PTO requests, and time management — eliminating multiple systems and several sets of log-in credentials. One centralized source for our HCM will increase internal efficiencies, provide us with instant reporting, and support our corporate sustainability initiatives,” said Elias. “For our managers, UltiPro will provide significant value by giving them customized dashboards that include real-time workforce data.”

“We especially like the talent features that come with UltiPro. The solution’s person-focused capabilities for recruiting and onboarding will support our goals and our position as an employer of choice. Plus, UltiPro Performance Management will foster better collaboration and communication, ongoing feedback, and talent development, aligning employees and managers with our business strategies. Overall, UltiPro will simplify our work, bring a consistent user experience, and create standardized best practices. And our HR team will have a renewed focus on creating value-added initiatives for the organization.”

“Employee data spread among multiple systems makes it difficult, if not impossible, to have true visibility into the organization. One of the primary advantages of UltiPro is that it is a single, cohesive system of record that delivers the full scope of HCM functionality in a flexible, easy-to-use, easy-to-manage solution,” said Chris Phenicie, chief sales officer at Ultimate Software. “For companies like COCC, UltiPro can be a breakthrough into new levels of efficiency, speed, and strategic insight. We’re very pleased to welcome this technology innovator as one of our newest customers, and we look forward to supporting its unique business with our cloud technology.”

About Ultimate Software
Ultimate Software is a leading cloud provider of people management solutions, with more than 17 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate’s award-winning UltiPro delivers HR, payroll, talent, compensation, and time and labor management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 2,000 professionals focused on developing the highest quality solutions and services. In 2014, Ultimate was ranked #20 on FORTUNE’s list of the 100 Best Companies to Work For; 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 2,700 customers with employees in 150 countries, including Adobe Systems Incorporated, Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Rangers Baseball, and Texas Roadhouse. 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
LinkedIn: http://linkd.in/UltimateHCM
Twitter: www.twitter.com/UltimateHCM
Facebook: http://www.facebook.com/UltimateSoftware

Contact Information:

Darlene Marcroft, Senior Director of PR and Communications at Ultimate Software phone: 954-331-7444; email: darlene_marcroft@ultimatesoftware.com

For sales information, phone: 800-432-1729; website: www.ultimatesoftware.com