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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 vana hcm


Vana Workforce Launches Vana HCM Release Update 9
Today, Vana Workforce introduced Vana HCM Release Update 9, developed on the Force.com platform. Available stand-alone or through integration with salesforce

vana hcm  Workforce Launches Vana HCM Release Update 9 Today,  Vana Workforce introduced Vana HCM Release Update 9 , developed on the Force.com platform. Available stand-alone or through integration with salesforce.com, Version 9 includes new human resources and talent management features delivered in the cloud and accessible via mobile devices. Key features include new Candidate Search, Offer Builder, and Onboarding modules, which can be used by organizations to manage the recruitment lifecycle—from

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Human Capital Management

Human Capital Management (HCM) encompasses all the applications necessary for handling personnel-related tasks for corporate managers and individual employees from the point of hire to the point of retire. This HCM model includes functionality for recruitment and staffing management, human resource management, career development, succession planning, learning management, performance and compensation management, and workforce management and planning.  

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Documents related to » vana hcm

FinancialForce.com Rolls Out FinancialForce ERP


FinancialForce.com, provider of cloud-based solutions on the Salesforce1 platform, has introduced FinancialForce ERP. FinancialForce.com’s move into providing a broader set of ERP capabilities is not surprising, but the speed at which it has made the move and the approach it has taken is surprising.

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Vana Workforce: A Global and Integrated Solution for SMEs


Founded in 2008 as an HR technology company, Vana Workforce now sells Vana HCM software exclusively as a cloud application company. Vana HCM, fully native on the Force.com platform, is designed for small and medium enterprises, and is a truly global application, available in multiple currencies and languages and with country-specific regulatory reporting. In 2012, Vana closed its first round of external funding and released Update 9 of its solution. In this report, TEC principal analyst P.J. Jakovljevic gives an overview of the background and functionality of Vana HCM, details the latest release of the solution, and tells what to expect from the vendor in 2013.

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FinancialForce ERP—New Player in Cloud ERP Market


With recent acquisitions of Vana Workforce and Less Software announced during the Dreamforce 2013 conference, which resulted in the addition of FinancialForce HCM and FinancialForce SCM to FinancialForce.com's product portfolio, FinancialForce.com has not surprisingly set its eyes on becoming a leading cloud ERP provider, using the Salesforce1 Platform. Senior analyst PJ Jakovljevic gives an overview of the new FinancialForce ERP application and what is has to offer adopters.

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FinancialForce.com Expands into a Much Broader Cloud Suite


Founded in 2009 as a joint venture between UNIT4 and salesforce.com and built on the Salesforce Platform, FinancialForce.com’s accounting, billing, professional services automation (PSA), and revenue recognition apps have been eliminating barriers and inefficiencies between the front- and back-office to help companies grow their top and bottom line.  During the Dreamforce 2013 conference, the

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Elysian Field Software to Bring HCM and FSM Support in the Cloud for Service Organizations


Meet new software vendor Elysian Field Software, to be launched in the second quarter of 2015. Elysian is the outgrowth of the NetSuite VAR Epiphany, which since 2002 has been both selling/installing NetSuite ERP solutions plus developing HR and field service management solutions natively on the NetSuite platform. The new company will continue to cater to service organizations with its field service management and human resources lines in the cloud, with more products to follow in the near future.

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HR Software Review: UltiPro for HR


This human resources (HR) software review report examines the HR software by Ultimate Software and its support for HR processes against known benchmarks. It assesses UltiPro by Ultimate Software for HR functionality and reviews the product’s support capacity with a focus on:

  • Personnel Management
  • Benefits
  • Payroll
  • Training
  • Workforce Management

The report also contains an independent analyst’s review of the HR software based on a demonstration provided by Ultimate Software. The review identifies the features of UltiPro that distinguish it from other HR solutions, including its open platform employee profile data sharing system, its photo-based punch-in solution, and its performance management and development tools. UltiPro also provides HR support through its mobile accessibility and its extensive customer support for software implementation. In this review, the analyst outlines the software provider’s implementation process, support model, and target user base.

UltiPro achieved TEC certification status for its HR software solution by completing TEC’s certification program, which includes a demonstration of the HR software’s support for specific real-world business process and a detailed functional benchmarking analysis.

Based on a demonstration of UltiPro, a TEC analyst has assessed the HR software’s features, evaluating the software against known industry benchmarks, to determine that UltiPro is a strong HR system.

Download this software review report for product analysis and comparison, an in-depth analyst commentary, and to learn more about how UltiPro can help businesses achieve their HR objectives.

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HCM Best Practices for Midsize Businesses


Midsize organizations find themselves in a unique position: they have surpassed smaller organizations in number of employees, business capabilities, and revenue, but have not usurped their stronghold of the business landscape as have larger corporations. How should these organizations manage their human capital and continue to grow their business and effectively compete in the market?

TEC human capital management (HCM) analyst Raluca Druta thinks midsize businesses must take HCM lessons and practices from both their smaller and larger counterparts—striving for the agility of smaller midsize businesses but competing for talent as fervently as larger midsize businesses. And they must look to the latest in technology improvements to help them stay competitive.

What types of HCM technologies should midsize organizations seek? Should these organizations purchase and implement best-of-breed HCM software solutions or full suite HCM solutions? And what are the most important factors to consider in the selection decision—short-term needs, long-term needs, or both? In this report, Druta offers HCM best practices for midsize organizations and looks at two real-life examples of how midsize organizations prioritized their HCM technology needs for the selection of a best-fit HCM software solution.

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An Unusual Human Capital Management Suspect


With Infor Human Capital Management (HCM) 3.0, Infor has combined transactional and strategic human resources functionality with planned integration to its flagship enterprise resource planning and extensions solutions, so that customers can better align HCM initiatives with overall business strategy.

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TEC 2015 HCM for Midsize Enterprises Buyer's Guide


The midsize enterprise is not a uniform concept. It takes several forms that require different levels of software capabilities and robustness. In particular, the human capital management (HCM) software requirements of smaller midsize companies (100–1,000 employees) and larger midsize companies (1,000–5,000 employees) vary considerably. Some vendors specialize in one of these two major segments, while others offer reduced versions of their enterprise class solutions to smaller mid-market clients.

This buyer’s guide examines the high-level features and functions offered by HCM software providers that target midsize businesses. It discusses how different HCM solutions make more or less sense to midsize companies according to the number of people that they employ. It focuses on the importance of core HR functionality and best practices for growing other HCM areas within a company, such as talent management, learning management, or workforce management. The discussion is based on a review of the current literature and conversations with both vendors and end users.

This buyer’s guide specifically examines HCM strategy and supporting software solutions for the various scales of midsize enterprises; what smaller midsize companies can learn from larger midsize companies, and vice versa, in terms of best practices, core HR processes, and beyond (i.e., talent, learning, and workforce management); and innovative HCM technologies and how they benefit a company’s HCM strategy.



Table of Contents


About this Guide

Foreword

HCM for Midsize Enterprises

HCM Technology and Strategy for the Midsize Business at Different Scales

HCM Best Practices for Midsize Businesses


Product Comparison

Innovation in HCM Technology: Niche Vendors

TEC Resources

Casebook

BambooHR Customer Success Story: BambooHR Helps Beans & Brews Consolidate and Streamline Processes and Paperwork

Cornerstone OnDemand Customer Success Story: Retaining Employee Culture Amid Company Growth

FinancialForce.com Customer Success Stories: Ahead Streamlines Processes, Increases Transparency and Collaboration with FinancialForce


HRIZONS Customer Success Story: Phoebe Putney Health System (PPHS): Partnering with HRIZONS and Oracle Taleo to Realize and Evolving Vision of Integrated Talent Management

Thought Leadership sponsored by IBM: Smarter Compensation Enables a Smarter Workforce

InfiniSource Customer Success Story: Employee Administration Simplified with Infinisource

Infor Customer Success Story: Infor Helps Hillsborough County Public Schools Enhance Teacher Effectiveness

Thought Leadership sponsored by Infor: Demystifying HCM Talent Analytics: Turning Data into Predictive Team Fit Insight

Zenefits Customer Success Story: A Modern Broker, For a Modern Business


Vendor Directory

About the Author


Download the full copy of the TEC 2015 HCM Buyer’s Guide for Midsize Enterprises.



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HCM for Midsize Enterprises



The midsize enterprise is not a uniform concept. It comes in many forms that require different levels of software capabilities and robustness. Discussions on human capital management (HCM) led by both software vendors and users typically distinguish between smaller midsize companies and larger midsize companies. But where do we stop talking midsize small and begin talking midsize large? At which point does an organization’s perception of itself change from fitting the smaller scale of the midsize range to fitting the larger midsize scale in this range? And similarly, how do HCM technology vendors define and respond to the nuances of the midsize enterprise spectrum?

When vendors attempt to orient their strategies and products to fulfill customers’ business needs, they base this on the knowledge that companies of different sizes have different expectations. HCM software vendors typically classify companies according to the number of people they employee, as this indicates the number of users of the HCM software within a company, and segmenting customers by number allows vendors to better predict and address their customers’ HCM and needs.

However, organizations tend to put the weight on this vendor-based categorization, as vendors usually have their own perception of company size that doesn't correlate with how other parties view size differentiations. For instance, some vendors classify a 250-employee organization as a small to medium business (SMB), while the organization itself may think of itself as mid-size. This can create tensions between vendors and customers, as, for example, a vendor may offer minimal functionality for SMBs, while the 250 employee organization may be looking to develop fairly elaborate talent management strategies.

Most mid-size organizations follow similar standards and processes to run their human resources (HR) operations and strategies, as the principles and core functionality remain the same across organizations and they can work with already existing business best practices. However, functionality requirements vary from one industry to another and, moreover, from one company to another (even within a given sector). For instance, a high tech company with 1,000 employees is more likely to need talent management to attract and retain highly qualified engineers than a retail company with the same number of employees. In the case of retail organization, optimal scheduling ranks higher in priority.



Download the full copy of the TEC 2015 HCM Buyer’s Guide for Midsize Enterprises.

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HR Manager to HCM Strategist in Four Easy Steps


Demand for global workforce visibility and insight is huge; yet many HR teams today are only able to produce data on what is currently happening or what occurred in the past. But HR needs to move beyond “what occurred,” applying full analytical capabilities to understand “why an event happened” so proactive changes can be made to improve overall business performance. This type of complex exploration and examination, where financial implications and cause and effect are studied, helps elevate HR to the most strategic level—transforming the HR manager to HCM strategist. Read this white paper to discover how cohesive business intelligence can proactively impact your organization.

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