San Mateo, CA (PRWEB) March 15, 2005
SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that the company had successfully implemented MasterCard International's new workforce performance management software in a record-setting, two weeks time. In addition, SuccessFactors also provided the 4000 worldwide employees of MasterCard, located in 47 countries, with a smooth and seamless shift to the new software while simultaneously reducing performance review-related help desk calls by approximately 25%.
SuccessFactors was tapped to work with MasterCard after a review of the company's previous workforce performance management technology showed functionality limitations. After evaluating available technologies, SuccessFactors was selected to unify the multiple HRMS systems in use at MasterCard and provide the functionality required for this global implementation. The decision to implement SuccessFactors technology was also weighted heavily on the companyÂs ASP business model and expansive reporting tools.
SuccessFactors' ASP model required little on-site support, and the technology and reporting tools have allowed MasterCard managers to have complete access to employees' performance histories and development paths. MasterCard was able to meet a very tight corporate review deadline while providing its management team with increased control over the company-wide review process.
After the SuccessFactors system was up and running, MasterCard launched the new technology to employees. Based on the success of the initial implementation and the employee acceptance, MasterCard subsequently purchased one of SuccessFactors' newest product offerings, Succession Planning.
"MasterCard's successful implementation is a perfect example of the strength and agility of SuccessFactors' ASP business model, said Lars Dalgaard, SuccessFactors CEO. "SuccessFactors' goal is to provide customers with a combination of leading edge technology and the highest levels of support. With MasterCard, we look forward to maintaining this level of technology and service excellence."
About SuccessFactors' Product Suite
The SuccessFactors Workforce Performance Management Suite is composed of distinct capabilities, all of which are fully integrated. Its ease-of-use and rapid deployment features allow customers to solve immediate needs by getting to productive events in record time. The entire suite is highly scalable and modular, allowing customers to add new modules when they're ready Â "on demand."
About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCardÂ®, MaestroÂ® and CirrusÂ® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning PricelessÂ® advertising campaign is now seen in 96 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to http://www.mastercardinternational.com or refer to our filings with the U.S. Securities and Exchange Commission.
With the highest industry renewal rate, SuccessFactors is the established global leader in providing on-demand, Web-based, integrated workforce performance management solutions. SuccessFactors, founded in 2001, delivers software and solutions that help companies implement effective workforce performance management strategies that align employee performance with bottom-line business results. The company has over 600,000 users from more than 150 customers across all industry sectors, including Textron, General Motors, Cooper Tire & Rubber Company, MasterCard International, Volkswagen of North America, McKesson, Reebok, MeadWestVaco, PG&E, Lancaster General Hospital, Riggs Bank, Grant Thornton, FriendlyÂs Ice Cream and HP Hood. SuccessFactors is headquartered in San Mateo, CA. and has multiple worldwide offices. The applications are being used in 56 countries and in multiple languages.
SuccessFactors is a trademark of Success Acquisition Corporation, d.b.a SuccessFactors and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
For more information, visit http://www.successfactors.com or call 1-800-809-9920.
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This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.