Press release from PR Newswire
ADP Unveils Unified Cloud-based System for Human Capital Management
Monday, October 03, 2011
ADP Unveils Unified Cloud-based System for Human Capital Management06:00 EDT Monday, October 03, 2011ADP Vantage HCM(SM) Integrates Multiple HR Processes into One Platform to Empower Large OrganizationsROSELAND, N.J. and LAS VEGAS, Oct. 3, 2011 /PRNewswire/ -- ADP®, a leading provider of human resources outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, today introduced ADP Vantage HCM(SM), the industry's first complete employee lifecycle solution for large organizations. ADP Vantage HCM is the culmination of an 18-month research and development effort by ADP to create a unified, fully-integrated platform combining the pillars of human capital management: HR, payroll, benefits, talent management and time & attendance. The company unveiled the much anticipated system at the 14th Annual HR Technology® Conference in Las Vegas, Nevada today. To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/52456-adp-unveils-vantage-unified-cloud-based-system-human-capital-management (Photo: http://photos.prnewswire.com/prnh/20111003/MM78307LOGO )With the launch of ADP Vantage HCM, ADP is mobilizing its resources to help clients who want to simplify and consolidate HR systems/services across their enterprise to achieve a lower cost and more efficient HR function. Leveraging a revolutionary, customizable user interface experience centered on the roles and processes within an organization, ADP Vantage HCM unifies the notoriously disparate HR processes of large organizations by automating and integrating them into a real-time, end-to-end view across the HR spectrum. Human Capital Management (HCM) is the sum of those HR processes, combined with technology and services that organizations employ to optimize their workforce's contributions and drive business success."ADP Vantage HCM is the realization of years of working with and listening to our clients," said Regina Lee, President, ADP National Account Services, Major Account Services, GlobalView and ADP Canada. "At ADP, we place immense value on services that drive improved business outcomes for our clients. With ADP Vantage HCM, we can now help large organizations realize the benefits of a single, unified approach to managing multiple HR functions. We believe that this approach can help clients achieve new efficiencies and reach business objectives that go beyond traditional enterprise resource planning projects." ADP Vantage HCM effectively pulls together the entire HCM software suite to help large organizations:Reduce total cost of ownership through an optimal blend of cloud-based technologies and outsourced administrative servicesImprove employee satisfaction and retention through easy access to employee data and self-service capabilities Utilize robust workforce analytics to help drive business successElevate HR to a more strategic role in the organization, through automating key HCM processes and shifting other processing to ADPRemove technology-based restrictions to company growthImprove their ability to meet regulatory compliance requirements and mitigate riskLeverage mobile technology to drive engagement across the employee populationRecently, ADP and global research firm Lightspeed Research surveyed 400 management professionals at North American companies with over 1,000 employees ? targeting C-suite executives and senior HR/IT leaders ? on issues associated with HCM. The research findings reveal a strong demand among large organizations for a simplified, fully-integrated HCM solution that can provide real-time insight into their workforce. It also indicates that senior management is increasingly acknowledging the importance of HCM as a core driver of business strategy.Among the findings:On average, four to five different HCM systems exist within the respondents' organizationsNearly 80 percent of C-level executives say they believe HCM investment and support will become increasingly important over the next five years81 percent of HR, IT and C-level executives indicate that HR is key to executing the company's business strategy Nearly 75 percent of IT directors and C-level respondents would support an integrated HCM system if it is packaged as an enterprise-wide applicationADP Vantage HCM: The Future of HR TodayADP Vantage HCM delivers true integration through a unified structure rather than interfaces connecting disparate parts. The customizable user experience erases visible product and process "seams" and improves user productivity. Data is stored once within a single shared database cluster that allows for the best of both worlds: real-time updates and immediate accessibility to a single version of the enterprise, without the need for two-way synchronization.ADP Vantage HCM helps solve several problems for clients including point solution proliferation. Employees and managers will benefit from direct access to information via multiple devices ? smart phones, tablets, laptop or PC's ? to allow for control and better management of crucial data including pay detail, benefits elections, employee directory, company information, management reports, organization details and more. All information access is controlled by security profiles that seamlessly reveal/restrict access to data. ADP Vantage HCM also provides clients with the flexibility to swap out components or add capabilities down the road. This unique architecture means that the solution does not present the development and upgrade constraints common to many competitive solutions."ADP Vantage HCM brings together technology and outsourcing services in support of the complete employee life cycle," said Lisa Rowan, Program Director, HR, Talent, and Learning Strategies at IDC. "With ADP Vantage HCM, ADP is making it easier for buyers to harness the full value of ADP's expertise and technology across the HCM and Talent Management spectrum."ADP Vantage HCM: Empowering HR Professionals With ADP Vantage HCM, senior management is now able to make better informed decisions about the future of their organizations based on a clear picture of its current and prospective talent pool. In addition, with the robust workforce analytics that this innovative new tool provides, access to HR data is easier than ever, helping to identify problem areas and how to best deploy the right talent to address specific challenges across the business. ADP Vantage HCM is designed to "think" like a practitioner thinks, suggesting the next logical step in a process and saving clients time and energy.For more information about ADP Vantage HCM, visit www.ADP.com/HCM and the ADP Vantage HCM blog at ADPVantageHCM.com.About the Human Capital Management SurveyADP and Lightspeed Research conducted research on issues associated with Human Capital Management among a total of 400 management professionals in September 2011. Respondents were C-level managers and senior HR and IT leaders at North American companies with over 1,000 employees. The margin of error (using a 95% confidence level) was +/- 10.0% for HR Director or above, +/- 9.8% for IT Director or above and +/- 6.9% for C-level managers.About ADPAutomatic Data Processing, Inc. (NASDAQ: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.Contact:Jim LarkinADP (973) email@example.comSOURCE ADP, Inc.