Softscape, the global leader in people management software, today announced that the Ventana Research 2009 Value Index for Total Compensation Management identifies Softscape as the overall top supplier of total compensation management solutions bringing the highest overall value to the marketplace. Based on the weighted factoring of seven product and customer assurance categories, Softscape was rated the top supplier of compensation management software and qualifies as a “hot” vendor.
According to the Ventana Research, “The Ventana Research Value Index: Total Compensation Management in 2009 is the distillation of a year of market and product research efforts by Ventana Research, the premier benchmark research and advisory services firm. Built on a foundation of 10 years of business and technology research, this unbiased fact-based index is the first such industry undertaking to assess the value of software designed specifically for enabling Total Compensation Management.”
“The importance of Total Compensation Management has become evident with the growing complexity of managing workforce performance and talent in organizations today,” said Mark Smith, CEO & EVP Research, Ventana Research. “Softscape’s rating as overall ‘Hot Vendor’ places them as a key solution provider that organizations should evaluate for compensation processes.”
Softscape’s compensation solution is comprised of two key elements to support the needs of complex global organizations: Compensation Planning and Incentive Compensation.
While Softscape’s compensation solution on its own solves enterprise-wide compensation administration and management problems, when combined with Softscape’s Performance Management system, organizations can readily establish a high performing, merit-based culture, often referred to as pay-for-performance. Softscape also develops robust reporting and analytic solutions that provide accessible and secure cross-functional compliance reports and audit trails of all transactions related to compensation and performance. This has become increasingly essential with the ever-changing regulatory requirements and compliance issues facing organizations today.
“We are extremely pleased to have been rated the best in the market for our Compensation Management solutions,” said Dave Watkins, Softscape CEO and co-founder. “As an industry expert, Ventana Research has a clear perspective of the compensation market and customer needs. This recognition, along with Softscape’s 98% customer retention rate, is further testament to our momentum not only in compensation management, but also in the broader global people management software marketplace.”
The executive summary of Ventana Research’s Value Index Research is available at: http://www.ventanaresearch.com/tcmvalueindex
For more information about Softscape and our Compensation Management solution, please visit http://www.softscape.com
About Softscape (www.softscape.com)
Softscape is the global leader in complete people management software that enables organizations to more effectively drive their business performance. Recognized by industry analysts as the most comprehensive strategic human capital management solution, Softscape provides full employee lifecycle management, including a core system of record, in a single, software platform for improved business intelligence. The company offers customers of all sizes and in all industries the most flexibility and choice with multiple purchase, configuration, and deployment options. For more than a decade, Softscape has helped millions of workers across 156 countries be more successful at their jobs while contributing to bottom-line business results. Softscape’s customers represent Fortune 500/Global 500, mid-market, and government organizations, including Barclays (NYSE: BCS; London: BARC), AstraZeneca (NYSE: AZN [ADR]; London: AZN), Seagate (NYSE: STX), GKN (London: GKN), Edcon, Dollar Tree (NASDAQ:DLTR), and P&G (NYSE: PG). Softscape is based in Massachusetts with offices in London, Sydney, Chicago, San Francisco, Washington, D.C., Bangkok, Hong Kong, and Johannesburg.
The Softscape logo and marks related to Softscape products are either trademarks or registered trademarks of Softscape, Inc. Other brand and product names contained herein may be trademarks or registered trademarks of their respective holders.