Ricoh Deals with Compensation Management Growing Pains, Chooses HCR Software’s CompensationXL Product

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HCR Software, a best-of-breed supplier of compensation management solutions, today announced that Ricoh Americas Corporation has selected HCR’s CompensationXL Software to automate and upgrade their compensation process.

While many vendors arguably spread themselves too thin pursuing the holy grail of integrated talent management, HCR continues to make inroads focusing strictly on compensation management. Says President and CEO Jamie Davis:

HCR Software, a best-of-breed supplier of compensation management solutions, today announced that Ricoh Americas Corporation has selected HCR’s CompensationXL Software to automate and upgrade
their compensation process. Ricoh’s compensation management procedures had always been labor intensive, but after Ricoh acquired Lanier Worldwide, labor intensive turned into near impossible. Said Doris Dorey, Ricoh’s Director, Compensation & HRIS: “We’d struggled with our manual Excel process, but when we suddenly went from 4,000 to 8,000 employees, it became unmanageable. We needed help.” Ricoh conducted a thorough review of products in the marketplace and settled onHCR Software’s CompensationXL Product.

Said Dorey of Ricoh’s choice: “CompensationXL was the most robust product we looked at. It allowed our managers to continue using excel spreadsheets that they were familiar with, accessed via a slick, user-friendly interface. Also by leveraging Excel, we felt that CompensationXL made it much simpler to maintain going forward.” Ricoh found that CompensationXL was the only product on the market that delivered the ability to automate Ricoh’s unique compensation culture and process efficiently. Ricoh believes that CompensationXL will allow them to achieve 100% of their objectives for a new compensation management system with minimal change management issues. Ricoh delivers outstanding customer value through innovative document solutions, efficient processes and exceptional customer service. And to do so, Ricoh understands that in the intense competition for talent, the ability to recognize and reward top performers is crucial.

Toward that end, Ricoh’s compensation professionals have toiled tirelessly for years to deliver quality, despite using a difficult and tedious manual process. The compensation spreadsheets were not the problem, but rather the intense administrative burden that surrounded them. This needed to be addressed not just for focal planning, but every month in the administration of their compensation plans. Ricoh is confident that CompensationXL will eliminate their comp issues, freeing HR to focus on strategic matters, while at the same time eliminating the training and support costs that usually surround the implementation of such pervasive systems.

“We spent way too much time on the administration process,” Dorey said. “Now we can plan to work on strategic compensation, and researching best practices in total rewards for our employees Ricoh is expecting other benefits from the project as well. Linda Crawford Ricoh’s Manager of Compensation had this to say: “We’re looking forward to having reports at our fingertips, not just the compensation department, but the managers too. CompensationXL will allow us to manage the entire process in real time, improve accuracy and help us with SOX Compliance.” While many vendors arguably spread themselves too thin pursuing the holy grail of integrated talent management, HCR continues to make inroads focusing strictly on compensation management. Says President and CEO Jamie Davis: “We think the key to our success in the market-place is that we focus on our strengths; listening to our clients and automating their unique compensation strategies. We are pleased to welcome Ricoh to our growing list of satisfied clients.

HCR Software Solutions was founded in 2006 by long-time HR services entrepreneur Mike Janis to automate the pay-for-performance strategies of medium to large organizations. HCR has developed a patent pending approach to automating unique compensation strategies.
CompensationXL leverages an organization’s existing forms and spreadsheets as the basis for configuring the software. The result of HCR’s approach is that managers find the software familiar and easy to use and the compensation department finds the software flexible
enough to support their unique needs. This revolutionary approach, which results in rapid implementation and return on investment has been embraced by leading companies such as HBO, Wendy’s, Panasonic, Grant Thornton and many others. To learn more about HCR Software, visit them on the web at http://www.hcrsoftware.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company
listed above.

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