We really needed to streamline our compensation management process and gain efficiency. Our Human Resources department was saddled with the huge administrative burden of manually creating, auditing and aggregating a tremendous number of Excel spreadsheets.
Jacksonville, FL (PRWEB) July 16, 2008
HCR Software, a best-of-breed supplier of compensation management solutions, today announced that Premier Inc. has selected HCR's CompensationXL Software to automate and upgrade their compensation process.
At Premier, winner of the 2006 Malcolm Baldrige National Quality Award, quality control is important in every area of the business. One area within human resources, compensation, presented a particular challenge because of the extensive use of Excel workbooks in their annual compensation management process.
Said Robin Bernstein, Premier Inc.'s Director of Compensation. "We really needed to streamline our compensation management process and gain efficiency. Our Human Resources department was saddled with the huge administrative burden of manually creating, auditing and aggregating a tremendous number of Excel spreadsheets."
Premier, a PeopleSoft HRMS User, researched the available options and found many choices. However, most of the solutions required complete retraining of their managers which presented additional headaches. Ultimately, Premier identified a vendor that could automate their existing process while still providing all the benefits of a best-of-breed solution and integrating seamlessly with their PeopleSoft HRMS.
Said Bernstein of Premier's choice, "With CompensationXL our managers are able to plan in Excel using existing and familiar spreadsheets, while drastically reducing both the training required as well as the fear and resistance normally associated with a new system. Investment was also a significant factor, and HCR delivered excellent value in terms of both licensing and implementation fees compared to other vendors we looked at."
Premier chose CompensationXL to eliminate the current administrative burdens for Compensation and H.R., allowing them to focus more on strategic matters. They also expect to reduce the burden on managers who will gain extensive financial modeling capabilities via an intuitive interface.
Bernstein said, "Now all levels of management can view their entire domain throughout the process with no manual intervention. Hundreds of error prone manual aggregations just disappear, and the time managers need to devote to the process shrinks dramatically. Plus, managers can individually pull down comp statements for their employees, eliminating what was another labor intensive administrative task."
While many vendors arguably spread themselves too thin pursuing the elusive holy grail of integrated talent management, HCR continues to make inroads focusing strictly on compensation management.
Says President and CEO Jamie Davis, "We are excited to welcome Premier as a client and add them to our growing list of satisfied PeopleSoft customers who have chosen to augment their HRMS with HCR's best of breed compensation management solution. We are pleased to welcome Premier to our growing list of satisfied clients.
About Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient:
Serving more than 2,000 U.S. hospitals and 51,000-plus other healthcare sites, the Premier healthcare alliance and its members are transforming healthcare together. Owned by not-for-profit hospitals, Premier operates one of the leading healthcare purchasing networks and the nation's most comprehensive repository of hospital clinical and financial information. A subsidiary operates one of the nation's largest policy-holder owned, hospital professional liability risk-retention groups. A world leader in helping healthcare providers deliver dramatic improvements in care, Premier is working with the United Kingdom's National Health Service North West and the Centers for Medicare & Medicaid Services to improve hospital performance. Headquartered in San Diego, Premier has offices in Charlotte, N.C., Philadelphia and Washington. For more information, visit http://www.premierinc.com.
HCR Software, an Oracle partner, 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 quick 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.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.