HELSINKI, Oct. 12 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that Ahlstrom Group, a leading developer and manufacturer of nonwovens and specialty papers, has selected SuccessFactors Succession Management and Compensation Management in order to create a pay-for-performance culture and enhance overall business alignment through increased employee engagement. The announcement follows Ahlstrom's successful deployment of SuccessFactors Performance Management, Goal Management and Employee Profile last year.
Ahlstrom is a global leader in the development, manufacturing and marketing of high performance nonwovens and specialty papers. Ahlstrom's products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels and tapes. Based upon its unique fibre expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to €1.6 billion. The company is quoted on the Nasdaq OMX Helsinki.
Jan Lang, president and CEO of Ahlstrom Group, commented, "To be competitive in this sector, you must have a global presence, but you also need an agile, innovative and highly motivated workforce. It is important that we are able to operate as one integrated company, and this can only be achieved through business alignment, employee engagement and efficient execution of the corporate strategy. These tools are helping us achieve this on a global scale."
"We saw tremendous value in using the initial SuccessFactors modules on Performance Management, Goal Management and Employee Profile as a strategic management platform to gain better insight into how the business is running and how we are executing and performing against our corporate strategy," said Paula Aarnio, executive vice president, Human Resources and Sustainability, Ahlstrom Group. "The SuccessFactors modules enabled us to build a consistent and structured human resource practice around performance management, enabling us to gain insight into our internal talent information across all locations and all employees on demand. They were also well received by our staff as the modules are both easy to use and flexible."
Based on the success of the initial deployment, in 2010 Ahlstrom Group has now adopted SuccessFactors Succession Management and Compensation Management modules.
"Our remaining manual processes were complicated to link to compensation," added Ms. Aarnio. "We wanted the ability to be able to link to compensation, and support a true 'pay-for-performance' culture throughout the organization. The SuccessFactors modules are flexible enough for us to integrate different processes together so that we achieve even greater efficiencies of scale in terms of transparency, alignment and performance."
By linking performance to compensation, Ahlstrom Group can not only add to and create synergies around their existing SuccessFactors modules, but more importantly, improve the overall performance and competitive advantage of the company, which in turn is driving better employee engagement.
Peter Prestele, vice president, EMEA Enterprise Sales, SuccessFactors, added, "We're delighted to be helping Ahlstrom Group achieve its vision is to be the preferred global source for fibre-based materials worldwide through greater business alignment and better execution against its corporate strategy."
About SuccessFactors, Inc.
SuccessFactors is a global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite, which is delivered through the cloud, improves business alignment, team execution and people performance to drive results for companies of all sizes. Across 168 countries and 34 languages, more than 8 million users and 3,000 companies leverage SuccessFactors every day, up from approximately 300,000 users and 100 companies in 2003. BizX bridges the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors' recent acquisitions of Inform and CubeTree supplement SuccessFactors' core BizX strategy with solutions that align with SuccessFactors' mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: http://www.successfactors.com/.
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are SuccessFactors' current expectations and beliefs.
These forward-looking statements include statements about product strategy and performance, customer usage, expected benefits and implementation. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: unexpected delays in implementation; unexpected bugs or defects; outages or security breaches; user acceptance levels of the application; or our ability to manage our growth. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.
Further information on these and other factors that could affect these forward-looking statements is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K and in our most recent report on Form 10-Q and in other filings we make with the Securities and Exchange Commission from time to time.
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Contacts: |
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SuccessFactors |
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Dominic Paschel, 415-262-4641 |
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Director of Public & Investor Relations |
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Vanessa Land, +44 (0) 870 242 7469 (U.K. Public Relations Agency for SuccessFactors) |
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SOURCE SuccessFactors, Inc.
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