Saskatoon, SK (PRWEB) December 12, 2013
cfactor Works Inc. (cfactor), developer of socially infused Human Resource technologies, today announced third quarter highlights which include a 44 percent increase in recurring revenue. Growth came as a result of new customer acquisition, existing customer expansion, strategic partnerships and product innovation.
Highlights from the Quarter:
New customer acquisitions, bolstered by further product commitments from existing strategic accounts, resulted in a strong momentum during the quarter. A select list includes: Aflac, California Pizza Kitchen, AutoNation and Uline.
cfactor’s onboarding solution was recognized 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.”
During the quarter, cfactor teamed up with PlatformOne, a trusted and reliable market leader in the delivery of Payroll and Benefit services. The partnership announced the launch of Vibe HCM - a new, highly developed HRIS and managed services choice for the mid and large sized market.
The third quarter also brought a number of enhancements to the cfactor suite including a focus on: global enhancements, mobile applications and adding further talent assessment and learning capabilities within the Talent Management suite.
“We continue to see great momentum,” said Cary Schuler, Co-founder and CEO of cfactor. “We were delighted to be recognized as Awesome New Technology for our immersive new employee orientation technology. In addition, the launch of Vibe HCM combines our award-winning HR Technology with best in class services to offer a powerful new choice to the mid/large market.”
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. Working primarily with mid-to-large enterprises that represent hundreds of thousands of employees across a variety of industries, cfactor consistently delivers social enterprise products that are highly configurable, improve employee performance and deliver a proven ROI.
cfactor can be followed on various social media channels, including LinkedIn, Twitter (@cfactorWorks), Pinterest and cfactorConnections.
About cfactor Works Inc. (cfactor)
cfactor is a socially-enabled, comprehensive HRMS, talent management and employee collaboration suite. cfactor’s Vibe HCM uniquely drives productivity, collaboration and informed decision making by delivering engaging, productive experiences for hundreds of thousands of employees.