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

Date: December 14, 2016 2:00 PM EDT

Public Company Information:

NASDAQ: ULTI
US90385D1072

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.”

About Ultimate Software
Ultimate is a leading provider of cloud-based human capital management (HCM) solutions, with more than 30 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, Ultimate is headquartered in Weston, Florida, and employs more than 3,500 professionals. In 2016, Fortune ranked Ultimate #1 on its list of 10 Best Large Workplaces in Technology and #15 on its 100 Best Companies to Work For list, the fifth consecutive year to be ranked in the top 25. Ultimate was also ranked #1 on Glassdoor’s list of 25 Highest-Rated Public Cloud Computing Companies to Work For, listed #8 on Forbes’ list of the 100 Most Innovative Growth Companies, and ranked #1 in customer satisfaction in G2 Crowd’s Summer 2016 Core HR Software Grid report, based on user reviews. Ultimate has more than 3,500 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Feeding America, Major League Baseball, Pep Boys, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. More information on Ultimate’s products and services for people management can be found 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, Vice President 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