Gainesville, FL (PRWEB) March 2, 2005
MindSolve Technologies, the technology leader in Employee Performance Management, today announced a Technology Partnership with Hyperion Solutions Corporation, the global leader in Business Performance Management software, to bring the first integrated balanced scorecard and Employee Performance Management software solution to market.
Balanced scorecard and Employee Performance Management are both high interest, high value strategic initiatives aimed at improving organizationsÂ performance, productivity, and profitability. The balanced scorecard, widely embraced by C-level executives, is in use at a growing majority of Global 1000 organizations. Similarly, Employee Performance Management is repeatedly identified by companies as a top strategic initiative, reflecting the increasing importance of human capital in today's global economy.
"Business Performance Management in general, and the balanced scorecard in particular, are powerful tools with proven value to organizations," notes Rich Clayton, Vice President of Product Marketing at Hyperion. "Combining a comprehensive Employee Performance Management solution like MindSolve's MVP software with Hyperion Performance Scorecard greatly improves the ability of an organization to set, align and successfully execute strategy."
"MVP software is a perfect match to scorecards," explains MindSolve's General Manager Dan Boccabella. "We deliver scorecard objectives and performance management functionality to every desktop in an organization, with the ability to establish and track individual goal progress, set up and manage employee development plans, differentiate the real star performers in an organization, and link pay to performance."
Gartner's Employee Performance Management Software MarketScope, published on June 10, 2004, indicated the importance of linking scorecards with individual actions and behaviors.(1) The Hyperion/MindSolve technology partnership provides exactly that linkage, increasing the value of the Hyperion Performance Scorecard, using MindSolve's MVP Employee Performance Management capabilities to extend scorecard reach to the individual employee level.
"We believe this Technology Partnership will give our clients both the benefits of a scorecard approach and the ability to identify and manage the key performance activities of every individual employee. With the combined power of our two solutions, businesses can look at both the big strategic picture and the smallest details that are involved in executing their strategy," observes John O'Rourke, Hyperion's Senior Director of Product Marketing.
Tom Oliff, MindSolve's Vice President of Sales and Marketing, cites the unique ability of the Hyperion/MindSolve solution that allows organizations to "set and align strategy, effectively communicate their strategy to the workforce, and to have the right employees with the right skills doing the right things at the right time." Oliff says "most organizations have realized that human capital assets are the most important assets they have, and the ability to identify, manage, measure, and reward top performers is critical to the successful execution of a corporate strategy."
The combined Hyperion/MindSolve solution with its expanded Employee Performance Management capabilities will be available to existing and new Hyperion and MindSolve clients.
About MindSolve Technologies.
MindSolve Technologies, Inc. is a privately held company, headquartered in Gainesville, Florida. In 1994, MindSolve revolutionized Employee Performance Management with the introduction of visual, user-friendly multi-rater assessment. In 1998, MindSolve offered the industry's first web-based drag & drop workforce performance management software. MindSolve provides technology-based software solutions and related professional services for performance appraisal, 360 feedback processes, goal alignment and tracking, employee development, salary and compensation planning, career and succession planning, executive coaching and leadership training, and organizational development for users in over 50 countries worldwide.
Footnote (1). James Holincheck, Employee Performance Management Software MarketScope, Gartner Research, June 10, 2004.
All product and company names and trademarks mentioned herein are the property of their respective owners.
For more information please contact:
Dr. Robert McPeek
Director of Research
MindSolve Technologies, Inc.
203 SW 3rd Avenue
Gainesville, Florida 32601
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.