cfactor Announces Fiscal Year 2014 Highlights

cfactor Fiscal Year 2014 Highlights Include: Subscription Revenue Up 40% Year Over Year; Launch Vibe HCM; Recognized as Awesome New Tech for HR

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...cfactor’s Virtual Day 1 solution really grabbed us – not only for its innovation for providing an immersive, fun and interactive employee orientation experience; but also for truly redefining the onboarding process for the 21st century.

(PRWEB) February 26, 2014

cfactor Works Inc. (cfactor), developer of Vibe HCM, today announced key highlights from the fiscal year ended January 31, 2014.

Select Highlights from the Year:

Customers
Sales were diversified across the Vibe HCM suite. New customer acquisitions were complemented by further product commitments from existing strategic customers. Key wins included leading organizations such as: Aflac, AMEC, California Pizza Kitchen, GroupM, Uline, Travelport.

Financial
Subscription revenues increased by 40% over the prior fiscal year leading to strong operating margins.

Product Innovation
cfactor unveiled Vibe HCM, a highly developed HRIS and managed services choice for the mid and large sized markets. Vibe HCM embodies a system of engagement philosophy through its ease-of-use, personalization and social capabilities.

“We continue to drive innovation in HR Technology through a determined commitment to delivering easy-to-use, highly adopted solutions that drive efficiency, leverage talent and foster employee engagement,” said Shaun Schuler, VP R&D for cfactor. “The launch of Vibe HCM, a highly personalized, customer branded solution, personifies this commitment.”

Strategic Partnerships
cfactor announced a partnership with PlatformOne, a trusted and reliable market leader in the delivery of Payroll and Benefit services. The partnership provides 27 years of payroll and benefits services in support of the Vibe HCM go-to-market strategy.

Industry Recognition
cfactor was recognized as a 2013 SIIA Software CODiE Award Finalist in the best Human Capital / Talent Management Solution category. The CODiE Awards are the premier award for the software and information industries, and have been recognizing product excellence for 27 years.

cfactor’s onboarding solution was selected as a participant in the “Awesome New Technologies for HR” segment at the HR Technology Conference and Expo, the world's leading business conference & expo on technology for Human Resource executives and professionals.

“One of the primary goals of the HR Technology Conference is to introduce the thousands of conference attendees to the most awesome new and innovative products that we've seen in 2013,” said Steve Boese, conference co-chair and Inside HR Tech columnist for Human Resource Executive(R). “We chose the top six solutions based on a combination of factors -- usability, an innovative approach to solve an HR challenge and the ability to help HR leaders and their companies succeed. And cfactor’s Virtual Day 1 solution really grabbed us – not only for its innovation for providing an immersive, fun and interactive employee orientation experience; but also for truly redefining the onboarding process for the 21st century.”

Since its inception, cfactor has been recognized by organizations like the Canadian Innovation Exchange, The HR Technology Conference and the SIIA for its game-changing human resource and talent management software. cfactor works primarily with mid-to-large enterprises that represent hundreds of thousands of employees across a variety of industries.

cfactor can be followed on various social media channels, including LinkedIn, Twitter (@cfactorWorks), Pinterest and cfactorConnections.

About cfactor Works Inc. (cfactor)
cfactor’s Vibe HCM delivers a personalized, interactive HRMS, talent management and employee collaboration suite. Unlike typical HR systems, Vibe HCM is a dynamic hub of employee-focused processes, communications, connections and collaboration – driving efficiency while fostering engagement.

As its name implies, Vibe HCM delivers personalized, highly branded experiences tailored to our customer’s culture, unique story. More than 750 firms “got the Vibe” in their workplaces. To learn more, visit our website.