Perfect hr calms the perfect storm in the mid-market sector
Chicago/McCormick Place 8th Annual HR Technology Conference, Interviews available during and before conference. Norwalk, CT – September 18, 2005 – The mid-market sector is enduring a painful pinch from rising energy and healthcare costs. For some, these winds of change are brewing a perfect storm that threatens profits. Companies spend more on their human capital investment than any other. PerfectSoftware, a leading provider of application-hosted and in-house HR solutions, rides to the rescue with PerfectHR—a solution that helps companies manage rising employee costs through new technology.
Capital Spending Predicted To Fall
According to Duke University/CFO magazine Business Outlook Survey (reported in the July issue of CFO Magazine), capital spending is predicted to drop in the near future, which means fewer resources will be available to support employee services even as many companies are bringing on more staff to take advantage of the partial economic recovery.
Cost Per Employee Predicted To Rise
Clearly, controlling the cost per employee for HR services is becoming more critical than ever. “Any company with more than 100 employees should recognize that a centralized HRMS is an essential business application,” says Paul Hamerman of Forrester Group in his 2004 study of HR and payroll solutions.
The .NET Technology Advantage from PerfectHR
Unlike other solutions available today, PerfectHR by PerfectSoftware is built on Microsoft’s secure .NET architecture. This unique technology/service package for a complete HR solution is offered to employers at a reasonable subscription or license fee. Customers are discovering that PerfectHR is a true original offering, completely different from traditional solutions.
“No longer will companies have to process with legacy batch systems,” said Mike Gabriele, president of PerfectSoftware. “The software-as-service model is the most cost efficient and optimal technology solution a company can have in today’s marketplace.”
PerfectSoftware offers traditional services like tax filing, employee self-service, payroll and direct deposit priced by the number of employees and users who access the system. But unlike traditional outsourcing, or even “web-hosted services” from traditional outsourcers, PerfectHR offers more visibility to the company’s own data, faster transactions, enhanced security, and reduced processing time. All this adds up to less cost for the company per employee.
Because of how PerfectSoftware’s .NET architecture handles key costs drivers, PerfectHR allows organizations to:
Fine tune their budgets with greater visibility into the direct costs of their employee services,
– Get relief from expensive hardware infrastructures by outsourcing hardware and networking, and
– Never compromise quality and compliance.
About Perfect Software
Founded in 1984, PerfectSoftware is a leading provider of comprehensive and flexible software to manage a company’s most valuable asset — human capital. Delivered as a software-as-a-service (SaaS) or on premise solution, its software allows companies to make informed decisions about their business based on real-time information. The company’s software solutions span the entire employee lifecycle and include Human Resource Information System (HRIS), Applicant Tracking, Payroll, Performance Management, Time & Attendance, Benefit Election & Enrollment, Salary Planning & Administration, Position Control, Alerts, Employee Self Service, COBRA Management and Ad Hoc Reporting.
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