Forest City Enterprises Builds on its Relationship with ADP® for Delivery of Human Capital Management Solutions to Better Serve its 3,000 Employees U.S.-based Real Estate Firm with $9.3 Billion in Assets Upgrades to ADP Vantage HCM® for Integrated Platform and 'Foundational Base'
ROSELAND, N.J., May 27, 2014 /PRNewswire/ -- ADP®, a leading global provider of Human Capital Management (HCM) solutions, today announced that Forest City Enterprises, a national real estate property management and development company with hundreds of premier properties across the United States, has implemented an integrated HCM solution based on ADP Vantage HCM®.
Forest City, whose portfolio includes The New York Times® building in Manhattan, NY, and the Metro Tech® Center in Brooklyn, NY, selected ADP to provide a modern, integrated HCM solution for its 3,000 employees. ADP Vantage HCM provides multinational enterprises a scalable and integrated HR system with expertise and comprehensive unified services, innovative and intuitive employee and manager experiences, and valuable insights companies like Forest City use to help them succeed.
"One of our biggest needs was for an integrated HR platform that is scalable and will provide improved functionality, enhanced workflows and reporting," said Kathleen Mangus, Director of HR Operations and Systems for Forest City. "We wanted a foundational base with integrated benefits administration, and ADP offered that with ADP Vantage HCM."
"We're pleased that Forest City Enterprises has chosen to continue and expand their long-term relationship with ADP for HR, payroll, talent management and benefits administration software and service," said Mark Benjamin, President of Global Enterprise Solutions at ADP. "Our ability to deliver best-in-class HCM solutions and client service will help to enable Forest City to continue its successful growth as one of the leading real-estate companies in the United States."
Forest City currently operates in 28 states with key offices in Boston, Chicago, Cleveland, Dallas, Denver, Los Angeles, New York, and Washington, D.C. Over the past two decades, the company has completed some of its most well-known projects, including the world-renowned Stapleton community in Denver, CO; University Park® at Massachusetts Institute of Technology in Cambridge, MA; Barclays Center® in Brooklyn, NY, and Victoria Gardens in Rancho Cucamonga, CA, among others.
In the past, Mangus said the HR team had heard about challenges associates and managers faced when using different applications. As a result, HR determined that there was a greater need for an integrated system to smooth the processes people use every day.
"We compiled our business requirements and knew what we were looking for," Mangus said. "We put together an advisory council across our businesses to help provide direction and set requirements to ensure we met associate and business unit needs."
Specifically, as Forest City continued to grow, it wanted an HR platform that would facilitate that growth – and be scalable for future growth.
"We were looking, quite clearly, at functionality – work-flow capabilities, level of integration, and self-service for our employees to easily and efficiently manage their HR information," said Mangus. "ADP's focus on service as well as its cloud-based technology was a strong factor in our decision. In the end, the fact that ADP had successfully managed our data in the past, and knew our business, led us to select ADP to meet a majority of our business requirements."
Once the team focused on ADP, the decision was presented to the company's top management "as part of our transformation strategy to move to a new platform that would grow with us."
Implementation is complete at Forest City, and the company is in its fifth month with the new system.
"We are getting the right kinds of tools in the hands of our managers and employees, and those tools help to enable them to make better decisions to improve our business," said Mangus. "This enables the HR team at Forest City to perform less transactional work and focus more energy around partnering and advising the business units we support."
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). 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, visit the company's Web site at www.adp.com.
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $9.3 billion in total assets. The company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit www.forestcity.net.
The ADP logo, ADP, and ADP Vantage HCM are registered trademarks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2014 ADP, Inc.
Steve Cross, ADP