As integration becomes a top priority, Namely has increased the number of fields available through its API and released Namely Connect, a portal which allows clients to set up connections to other systems and manage how their data flows through the API. These enhancements have enabled Namely to add over 25 new partners in the last year, including Bridge for learning management, Workable for application tracking, AnyPerk for employee perks, OneLogin for single sign-on, and many more.
The new #HRWins research finds that mid-sized companies use nine different HR software applications on average. Perhaps it's no surprise that 24% of respondents cited "lack of integration" as their #1 technology-related pain point, beating out "gaps in automation," "lack of functionality," and "too many systems" as the top reply. Buyers are looking to new core HRIS and payroll systems to solve this problem. When asked where they plan to invest, the top two platforms were payroll (49%) and HRIS (36%). And when asked for their top two buying criteria, the ability to support managers was the top reply, followed by the ability to improve employee productivity.
As it expands its partner ecosystem, Namely is committed to building a core system of record for employee data that integrates with the many different tools HR professionals use. By doing so, the company solves the integration pain point for its clients, making HR technology more usable for employees, managers, and HR teams. Further, Namely positions itself, its clients, and its partners within the API economy, which has been shown to contribute significantly to profitable growth.
"The decision to invest in an open API benefits Namely and our clients," said Matt Straz, founder and CEO of Namely. "We're going to focus on HR, payroll, and benefits. For anything outside our core focus, we'll foster and support an ecosystem of complimentary solutions and services. Clients get flexibility, and we get to dedicate all our resources to creating the best HR, payroll, and benefits platform for mid-sized organizations."
Optimizely, one of Namely's clients, has used Namely's open API to centralize a wide range of business processes not typically handled by a core HR system.
"After we saw what the platform could do, we tore down our existing business processes and rebuilt them in Namely," says Ryan Higginson-Scott, People Operations & Systems Manager at Optimizely. "We now use Namely to manage everything from sales compensation to stock options to provisioning GitHub access for new engineers during onboarding. These integrations not only save us time, they provide a much better experience for our employees, too."
"The new survey results paint HR buyers in a whole new light," said George LaRocque, industry analyst and author of the report. "For a long time, vendors have sought to add more features, create new products, check more boxes. But buyers have just told us that they want something else. They want a core platform for employee data and payroll, and they want it to integrate with other best-of-breed applications that do one thing really, really well."
Today's news comes ahead of the HR Technology Conference and Exposition, October 4-7, 2016, where Namely will showcase its all-in-one HR, payroll, and benefits platform at Booth #2425.
In the latest #HRWins research, LaRocque, LLC surveyed 974 companies with fewer than 5,000 employees. 90% of respondents indicated they make or influence HR technology purchasing decisions in their company. Namely sponsored the report as part of the company's expanded presence at this year's HR Technology Conference & Exposition in Chicago from October 4th - 7th.
Namely is the first HR platform that employees actually love to use. Namely is powerful, easy-to-use technology that allows mid-sized companies to handle all of their HR, payroll, benefits and talent management in one place. Coupled with dedicated support and benefits consulting, every Namely client gets the software and service they need to deliver great HR and a strong, engaged company culture.
Namely is used by over 500 clients with over 100,000 employees globally. Headquartered in New York City, the company is funded by Sequoia Capital, Matrix Partners, True Ventures, Lerer Hippeau Ventures, Greenspring Associates, Vayner/RSE, Bullpen Capital, and others. For more information, visit www.namely.com and schedule a free personal demo, or visit www.namely.com/partners to see its growing list of partners.
#HRWINS are the body of reports and analysis that explore and celebrate innovation in Human Resources with a particular focus on technology. Published by LAROCQUE, LLC, an analyst and advisory firm helping employers and HR technologists better understand the intersection of technology and the workforce.
Topics found at hrwins.com include Human Capital Management (HCM) and core HR, company culture, employee engagement, talent management, and talent acquisition.
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