WORKFORCE MANAGEMENT

Planful Expands the Workforce Planning Solutions for HR Leaders

Planful | October 28, 2020

Planful Inc., the pioneer of Continuous Planning with its cloud stage for budgetary planning and investigation (FP&A), today declared the organization is improving its Workforce Planning arrangement. These redesigned stage abilities proceed with the expansion of Continuous Planning past the account division and into each side of the business, bringing a more profound business preferred position to HR pioneers.

Workforce planning has never been more basic. With Planful's exhaustive workforce planning capacities, including the most recent upgrades, HR pioneers can improve their coordinated effort with account to all the more viably design and execute techniques with a Continuous Planning approach by:

Creating headcount plans that align with business needs
Standardizing employee compensation calculations using data from finance, HR, and operations in a central platform
Analyzing the financial impact of workforce decisions
Forecasting workforce what-if scenarios based on cost drivers

As a component of Planful's proceeded with pledge to furnishing clients with this basic capacity, late item delivers, including Winter20 and Summer20, gave a stage wide UI redesign, just as an as good as ever program see, making it simple for clients to oversee representatives over various offices at the same time. The up and coming Fall20 discharge, booked for November, will disclose extra new highlights, further improving workforce the board for clients in a rich, visual interface.

"Companies are focused on workforce planning more than ever, but many HR leaders are realizing that they're operating with a critical gap in their technology stack," said Grant Halloran, CEO of Planful. "Our robust workforce planning solution fills that gap, providing leaders the ability to engage in more efficient planning and decision-making, with a deepened collaboration between Finance and HR teams."

In excess of 600 Planful clients are utilizing Planful's Workforce Planning arrangement, including PS Logistics LT Apparel Group, Pipedrive, and Nevada Donor Network. Clients are profiting by up to a 75% decrease in the length of planning cycles. In moving to a cloud-based stage with Workforce Planning abilities—as opposed to working in a horde of detached, siloed point arrangements—associations can benefit from more exact plans and estimates. Organizations trying to accomplish quick an ideal opportunity to-esteem in tending to basic workforce planning needs can be going on the Planful cloud stage in under 30 days.

"The need for continuous, collaborative planning for leaders in all corners of the business has never been more important than it is now," said Doug Henschen, VP and Principal Analyst at Constellation Research. "Cloud-based planning platforms make it easier than ever for both finance and HR teams to use data to make better, faster decisions."

About Planful

Planful (formerly Host Analytics) is the pioneer of Continuous Planning with its cloud platform for financial planning and analysis (FP&A). Planful delivers on the vision of Continuous Planning by accelerating the end-to-end FP&A process and fostering business-wide participation in agile planning and decision-making. More than 800 customers, including Boston Red Sox, Del Monte, TGI Friday's, and 23andMe rely on Planful for financial planning and budgeting, dynamic operational planning, financial consolidations, reporting, and visual analytics. Planful is a private company backed by Vector Capital, a leading global private equity firm specializing in transformational investments in established technology businesses.

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WORKERS COMPENSATION

SEB Aligns Global Compensation Processes Using beqom

beqom and SEB | November 18, 2022

beqom—a provider of cloud-based total compensation and continuous performance management solutions today announced the successful deployment of its total compensation solution at Skandinaviska Enskilda Banken AB (SEB), one of Europe’s oldest and most prestigious financial institutions. The bank selected beqom to replace their partly spreadsheet-based processes and manage total compensation for their 16,000 employees across 20 countries. They sought to align global rewards processes, reduce time spent on administrative tasks, and compile compensation data from many different sources that could be accessed as needed by managers and other stakeholders to support informed decisions on a daily basis. “We have a diverse, growing, and highly regulated business and needed a comp system that could cater to our needs, handling both global and local requirements. Our previous system relied on many exceptions and manual workarounds that were time consuming, introduced risk, and created compliance challenges. We’ve been running our total compensation processes on beqom for over a year now, and it has saved our HR comp team a lot of time, reduced risk, helped standardize and align our processes, and provided a great experience for our users. The feedback from stakeholders—managers, HR partners, CFOs in the businesses—has all been very positive.” -Mattias Bergman, Process Owner Variable Remuneration C&B at SEB About beqom beqom is a cloud-based provider of continuous compensation and performance management solutions that deliver personalized total rewards aligned with meaningful behaviors, goals, and skills. The solutions transform how companies reward and recognize their people, attract and retain top talent, and address pay equity and transparency. Managing all forms of employee compensation, beqom unifies all performance and reward processes to create a meaningful, people-centric experience across employee touchpoints, providing feedback, coaching, and rewards. beqom’s fully configurable solution integrates seamlessly into core HR suites, providing companies of any size and industry, such as Mercedes Benz, PepsiCo, Golub Capital, and DHL, with the flexibility needed to execute their performance and reward strategies and make the most of their human capital. About SEB Founded in 1856, SEB divisions include Large Corporates & Financial Institutions; Corporate & Private Customers; Baltic; Life; and Investment Management. Profits in 2021 totaled SEK 30.9bn (3.17b USD, 2.97b EUR), with assets under management of SEK 2.6 trillion (275b USD, 256b EUR).

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HR ANALYTICS,WORKFORCE MANAGEMENT

OptimusHXM: Pay Portal Now Available on SAP® Store

Veritas Prime | December 12, 2022

Veritas Prime today announced that its OptimusHXM: Pay Portal is now available on SAP® Store, the online marketplace for SAP and partner offerings. OptimusHXM: Pay Portal is built on SAP Business Technology Platform (SAP BTP) using SAP Integration Suite and integrates with SAP® SuccessFactors® Employee Central and SAP® SuccessFactors® Employee Central Payroll, delivering terminated employees self-service access to their pay slips and year-end tax documents. "Our application has served over 10,000 unique users since our first official deployment just a few short months ago, We're excited to offer our SAP-certified solution on SAP Store, just in time for year's end when employers are preparing to distribute W-2s to terminated employees by the January 31 deadline." -Austin Gunter, Product Portfolio Manager at Veritas Prime Once terminated, employees lose access to their pay slips and W-2/T-4 tax documents that were conveniently accessible in the SAP SuccessFactors employee profile. This SAP SuccessFactors extension solves this gap effortlessly by emailing the personal address on file once an employee becomes inactive. They click the link and instantly, their access is restored to these critical documents. The OptimusHXM: Pay Portal reduces Human Resources (HR) workload and costs by giving terminated employees self-service access to the online portal to download their pay slips and removes the burden from HR to ensure the documents are printed, stamped, mailed etc. It gives employees an off-boarding process due to the secure and simple login instructions that are sent directly to their personal email immediately after the termination becomes effective in SAP SuccessFactors Employee Central. Former employees inundating the HR Support with requests for these documents is a thing of the past. Veritas Prime is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs - quickly and cost-effectively. About Veritas Prime Veritas Prime, based on its founding principle of "truth and excellence," is dedicated to providing clients the best service through a consultative approach. An SAP gold partner with SAP Recognized Expertise in SAP SuccessFactors solutions, Veritas Prime is a premier consulting firm specializing in Human Experience Management technology and specifically SAP SuccessFactors solutions. Veritas Prime supports organizations to transform their employee experience via best-in-class solutions, SAP SuccessFactors with a full hire-to-retire solution, including fully outsourced payroll services, time and attendance, and benefits solutions, while also supporting customers post-go-live through its unique tool.

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HR ANALYTICS,EMPLOYEE EXPERIENCE

Vault Consulting Announces Nonprofit Human Resources Consulting

Vault Consulting | November 22, 2022

Vault Consulting, the nation's leading accounting and research firm, announced its expansion into Human Resources Consulting today. The DC metro-based firm provides a partnership approach to help nonprofit organizations and associations advance their missions to thrive and grow. DC metro-based accounting and research firm Vault Consulting announces expansion into Human Resources Consulting for nonprofits and associations. The expansion is led by Vault's head of Human Resources, Kendra Janevski, SPHR, SHRM-SCP. Vault offers more than subject matter expertise; we deliver a powerful new perspective and a clearer path forward. Vault Human Resources Consulting does not focus on a specific issue or offer only packaged services. The team begins with client challenges and offers customized solutions to the client's individual and specific needs. "It is unique because we offer a suite of complementary services that no other consulting firm does. We equip organizations of all types with the financial acumen to thrive, the HR oversight to drive successful and compliant people practices, and the data-based insights and analytics for actionable intelligence and informed strategic decision making." - Vault CEO Wes Tomer, CPA, CGMA This expansion offers a new but complimentary service offering and will assist clients and partners manage challenges, gain insight into best practices, and establish change management processes.

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HR ANALYTICS,HR STRATEGY

LumApps Advances Conversational AI Development Strategy with Acquisition of Vizir

LumApps | December 15, 2022

LumApps, a leading employee experience platform, announced today it has acquired Vizir, an innovative no-code digital assistant technology ("predictive chatbots") that human resources, and information technology, communications departments can use to automate mundane tasks and improve employee access to knowledge, resources, and third-party applications at lower costs. Vizir's no-code technology will integrate significant new capabilities into the LumApps platform. Powered by Natural Language Understanding (NLU), the advanced digital assistant simulates human dialog to make employee experiences more humanlike and personal. Vizir also brings micro-apps enabling the digital assistant to be used across various channels, such as Microsoft Teams, Slack, or Google Chat. Furthermore, Vizir's no-code tools and embedded libraries enable IT, HR, and other departments to intuitively set up their chatbot. "This acquisition is indicative of our investment in the growth of conversational AI and our response to the increased demand for digital assistants. Vizir's next-generation technology will enhance our platform with effortless self-service across channels, strengthening our ability to reach employees where they are at, in a personalized, contextual way. We're thrilled to have Vizir join the LumApps family," - Sebastien Ricard, CEO at LumApps Digital assistants are valuable technology that can be used to provide seamless access to key knowledge and other resources. The technology automates redundant activities, such as managing requests for IT support or answering common HR questions. For example, if we want an employee to complete benefits enrollment, a digital assistant can prompt the individual to select a health plan, provide immediate access to documents and information about the various plan options, and then can help employees to complete enrollment without leaving the digital assistant bot. Intuitive digital assistants, also known as predictive chatbots, are quickly transforming the way HR, IT, and Communications teams work and have the potential to provide considerable value for organizations that implement them. This acquisition will give every LumApps customer a chance to integrate intelligent bot software into their employee experience platform to meet the needs of today's workforce. We're excited about the possibilities of bringing these two companies together, said Thomas Maitre, CEO and co-founder of Vizir. The demand for digital assistants continues to grow as organizations look to streamline operations and free up time for their support teams to focus on more critical activities that help engage and retain employees. According to Forrester's Future of Work survey, 60% of employees prefer to use self-service for resetting passwords and for app provisioning. And analysts at Gartner predict that by 2023, 75 percent of HR inquiries will be initiated through conversational AI platforms. This is the second acquisition LumApps made in 2022. Last February, the company bought HeyAxel and launched LumApps Journeys, which automates common moments in the employee lifecycle such as onboarding and career development. The Vizir acquisition will also combine the digital assistant with LumApps Journeys' omnichannel content delivery to help customers deliver the best employee experience possible. Initially using Vizir's technology as an internal messaging system to absorb IT requests, we extended our use of the digital assistant to human resources. The on-demand IT support helps our employees solve software and hardware issues automatically, whereas HR bots accompany our employees along personalized learning paths. The chatbot has helped us avoid hundreds of additional support tickets and wasted resources. The combination of Vizir's digital assistant and our existing LumApps platform is a great way to get the best out of our internal tools and build a comprehensive employee experience at Imerys, Sébastien Levrot, IT Director Enabling Functions & Digital innovation at Imerys. About LumApps LumApps is a global employee experience platform, transforming how companies engage, enable, and empower their workforces. The cloud-native solution is architected to tailor each experience to the individual needs of every employee, wherever and whenever they connect. With the industry's first unified employee data layer to drive hyper-personalization, LumApps is the only solution to deliver truly customized interactions for a game-changing employee experience. Since 2015, LumApps has been helping some of the world's largest and most innovative companies, such as Palo Alto, Publicis Sapient, Electronic Arts, Airbus, and Just Eat, revolutionize how they communicate internally, engage every employee, and retain great talent.

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Spotlight

Develop your people and drive performance with Grow, Lattice’s employee development tool. Grow helps companies make expectations crystal clear, turns managers into career coaches, and gives employees agency over their growth. With Lattice Grow, you’ll empower your employees to plan a future with you.

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