Ultimate Software Surpasses One Million Employees Live on UltiPro® Delivered through Software-as-a-Service |
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—first and most widely used comprehensive HCM SaaS solution in North America— Weston, FL, February 9, 2009 — Ultimate Software (Nasdaq: ULTI), a leading provider of end-to-end strategic human resources, payroll, and talent management solutions, today announced that more than 1 million employees across North America are being paid with Ultimate’s UltiPro human capital management solution (HCM) delivered through its software-as-a-service (SaaS) model, Intersourcing.
The industry’s first HCM solution to deliver core Payroll/HRMS through SaaS, UltiPro’s software-as-a-service model has been available since 2002. Today it is the most widely used end-to-end HCM SaaS solution in North America, providing comprehensive payroll and human capital management through SaaS to companies including Nikon Inc., Sony Music Entertainment, International Dairy Queen, Elizabeth Arden, JVC Americas Corporation, and Major League Baseball.
UltiPro through SaaS provides customers with Ultimate’s award-winning customer service and highly configurable HR, payroll, benefits, and talent management functionality—including strategic HR feature-sets and business intelligence across all areas of HCM. Through the SaaS model, businesses get the maximum benefits of UltiPro as an on-demand service without the complexities or costs of implementing and maintaining traditional on-premise software. Ultimate handles all system maintenance; applies new version upgrades; and maintains the hardware, software, and customer data at multiple secure data centers. Customers receive a level of data protection and security most businesses are unable to attain with on-premise infrastructure.
“Our SaaS offering has steadily gained increasing momentum in the market over the past several years,” said Scott Scherr, CEO, president, and founder of Ultimate Software. “Today, we see a majority of companies opting for the convenience and cost advantages of our SaaS model. In fact, in the fourth quarter of 2008, more than 97 percent of our new annual recurring revenues came from our SaaS customers.”
The increasing demand for Ultimate’s SaaS offering is consistent with findings from the November 2008 Gartner report, “User Survey Analysis: Software as a Service, Enterprise Application Markets, Worldwide, 2008,” which determined that nearly 90 percent of organizations expect to maintain or grow their usage of SaaS.
Because UltiPro through SaaS is priced on a per-employee-per-month subscription basis—with no add-on fees for items such as ad hoc reports or off-cycle checks—companies reduce large upfront capital expenditures typical of licensed software. Ultimate’s SaaS option provides businesses with a cost-effective HCM solution that can be particularly attractive to businesses today looking to reduce spending, improve efficiencies, and experience fast payback. Because UltiPro through SaaS can be activated rapidly, customers begin experiencing increased efficiencies and strategic gains quickly.
“UltiPro through SaaS is really the perfect solution for managing human capital. We can accomplish tasks using the Internet from either home or office, we get cutting-edge functionality, and there are no software maintenance worries. I love it because I can focus on my primary goal: to serve our employees,” said Linda Mullenbach, director of human resources for International Dairy Queen. “The customer support is great, which I attribute to the culture at Ultimate Software. Dedication to service radiates throughout the organization.”
UltiPro delivered via SaaS can streamline HR and payroll to save companies time and increase productivity, something that’s even more appealing when organizations must be especially diligent in how they manage their resources. And because Ultimate’s SaaS does not require dedicated IT staff or hardware, organizations can direct IT resources to other critical business projects.
“With UltiPro through SaaS, we’ve been able to change our approach to information technology so that our IT team performs at a higher level—managing core business projects rather than applying software updates or running reports. Since the solution does not require dedicated IT staff, servers, or a software license, we’ve been able to free up our IT staff and eliminate related expenses from our budget,” said Richard Martonchik, manager of human resources operations for the City of Ann Arbor. “By automating our entire HCM program with Ultimate’s unified solution, we anticipate the soft- and hard-cost savings to total approximately $1 million over five years.”
“We’re proud to be the first comprehensive HCM SaaS provider in our space to reach this important 1 million-employee milestone,” said Scherr. “We believe that reaching this goal reflects not only the growing demand for HCM through SaaS, but also validates the strength of the delivery model as the best method to manage human capital—in any economic climate. By combining all of the advantages of traditional software with the convenience of on-demand services, we believe we can help businesses achieve their HCM objectives affordably and effectively.”
A leading provider of end-to-end strategic human resources, payroll, and talent management solutions, Ultimate Software markets its award-winning UltiPro products as on-demand services through its software-as-a-service (SaaS) offering, Intersourcing, and as licensed software. Based in Weston, FL, the Company employs more than 900 professionals who are focused on developing the highest quality products and services. In 2008, Ultimate Software was the first HR/payroll SaaS provider to be audited and awarded the ISO/IEC 27001:2005 Certification for security management and was named the #1 “Best Product Development Team” in the nation by the American Business Awards. Ultimate Software was ranked the #1 best medium-size company to work for in America by the Great Place to Work® Institute in June 2008. Ultimate Software has approximately 1,600 customers representing diverse industries, including such organizations as The Container Store, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, Nintendo of America, Ruth’s Chris Steak House, and Sony BMG Music Entertainment. More information on Ultimate Software’s products and services can be found at www.ultimatesoftware.com.
UltiPro and Intersourcing are registered trademarks of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.
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