SAN MATEO, Calif., June 27, 2011 /PRNewswire/ -- Today, SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in business execution software, launched a new, bundled Business Execution (BizX) solution designed specifically for the needs of small businesses. The new enhanced Professional Edition offering gives small businesses tools optimized to their needs to help manage the entire employee life cycle, hire the best people, keep them on track, develop their skills, and proactively manage the health of the business.
"At SuccessFactors we are passionate about helping small businesses drive real results. A lot of companies look for solutions to simply automate their HR processes, but as the economy changes, purely automating a process will not enable small businesses to grow over time," said Marjorie Toucas, senior director, global small business sales, SuccessFactors. "Our solutions are all on the BizX cloud and help small businesses to accelerate growth and move from simple automation to visibility, optimization and ultimately transformation of their business."
Professional Edition is web-based, easy-to-use and scalable. Small businesses can begin with a strong core solution, with no implementation costs, and add other modules as needed. With the new enhanced Professional Edition small businesses can:
Improve performance: Equip managers with a framework to discuss, measure and improve employee performance through an automated review process based on best practices. Professional Edition uncovers specific development opportunities through both annual and 360-degree reviews.
Accelerate business results: Provide a framework where each and every employee has objectives that are aligned to the company strategy for increased agility, focus and accountability.
Engage their people: Employees who have clear feedback for professional growth and clear visibility on how they contribute to organizational success are more likely to care about their jobs and do them well.
Retain and reward the best employees: An accurate and consistent performance review process enables companies to create a true pay-for-performance program and increase the commitment of top performers.
Recruit better: As a new optional add-on to Professional Edition, Recruiting Management makes it easy to quickly find, screen and hire the right people for the right jobs.
In addition, SuccessFactors added new tools to help its small business customers get started faster and configure the solutions to match their specific needs and company culture. With the new setup wizard, customers can configure their system in less than an hour as it walks them through common setup choices. Once live, the new administration tools empower human resources leaders to easily make adjustments to the configuration, helping increase productivity and reduce the cost of maintenance.
"As an independent agency leading the evolution of advertising in a post digital world, we use our culture as a competitive weapon and SuccessFactors has been a valuable talent management tool that's helped us establish what high performance truly means," said Lea Daughtridge Wharton, director of human resources, McKinney. "In our industry, training and personal development is often the number one benefit employees wish they had more of and, sadly, it is sometimes lacking. SuccessFactors helps us provide high-level, truly holistic personalized development plans that focus on getting better every day."
To complement Professional Edition, SuccessFactors also launched an e-learning series designed specifically for the needs of small businesses that are looking to implement HR systems for the first time. The video series, powered by SuccessFactors Social Learning, gives customers access to best practices training on setting up goals, giving employee feedback, aligning strategy and more. Training content will be updated on a regular basis and targeted to HR, line of business leaders and executives.
In addition to the enhanced Professional Edition, SuccessFactors also offers the SuccessPractices bundle for small businesses with established practices that are looking to take the next leap forward in business execution. SuccessPractices offers succession, career and development planning and workforce analytics for small business owners to keep their people focused on the right work and to help ensure they are getting the most from their team every day.
About SuccessFactors for Small Business
Make that breakthrough hire. Focus your people on what matters most. Develop and reward exceptional performance. Bridge the gap between your business strategy and your everyday execution. SuccessFactors Business Execution (BizX) Software Solutions can move your small business away from manual paper-based processes and into the BizX Cloud. Our easy-to-use tools deliver the time and insight that senior leaders, managers and human resource professionals need to move your business forward. You can reach out to new opportunities, markets, products and services with fully engaged, productive employees who are aligned with your company goals. And you can create a unique workplace culture where key performers stick around because they love their work.
SuccessFactors is the leading provider of cloud-based Business Execution (BizX) software solutions to organizations of all sizes, with more than 8 million users across multiple industries and geographies. We strive to delight our customers by delivering innovative solutions, a broad range of content, process expertise and best practices knowledge gained from serving our large and varied customer base. Today, we have more than 3,200 customers in more than 168 countries using our application suite in 34 languages.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995:
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 future growth prospects. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to retain customers and to experience high customer renewal rates; whether customers renew their agreements for additional modules or users; pricing pressures; the uncertain impact of the overall global economic conditions, including on customers, prospective customers and partners, renewal rates and length of sales cycles; the fact that the business execution market is at an early stage of development, and may not develop as rapidly as we anticipate; risks related to the integration of the acquisitions, including retaining customers and employees and managing geographically-dispersed operations; competitive factors; outages or security breaches; our ability to develop, and market acceptance of, new services; the impact of any discovered product defects or outages; our ability to continue to sell our services outside the HR area; our ability to manage our growth; our ability to successfully expand our sales force and its effectiveness; whether our resellers and other partners will be successful in marketing our products; our ability to continue to manage expenses; the impact of unforeseen expenses, including as a result of integrating acquisitions; and general economic conditions worldwide. 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.