Over 100 Financial Services Companies Around the World Are Banking On Success Factors to Inspire Their Workforces

Over 100 Financial Services Companies Around the World Are Banking On Success Factors to Inspire Their Workforces

SuccessFactors Brings Tailored Best Practices in Performance and Talent Management to the Financial Services Industry

SuccessFactors, the global leader in on-demand performance and talent management solutions (http://www.successfactors.com/), today announced the rapid adoption of its software by over 100 financial services organizations. SuccessFactors is providing the talent management technology backbone for the industry’s leading financial services institutions including MasterCard Worldwide, T. Rowe Price, Wachovia Bank, Lloyds of London, and many others. Based on extensive financial industry experience, SuccessFactors has tailored its performance and talent management solutions specifically for this industry, and is now offering SuccessFactors for Financial Services (http://www.successfactors.com/performance-management/financial- services/) on-demand. (Due to its length, this URL may need to be copied/pasted into your Internet browser’s address field. Remove the extra space if one exists.) This comprehensive solution provides built-in best practices and processes, expressly designed to address and support the unique human capital management challenges that exist within financial services organizations.

According to Deloitte Research’s “Financial Services in 2010 Report,” the financial services community is facing a number of critical challenges including shrinking markets, compliance regulations, consolidation, an increased focus towards global expansion and the general trend of reduced growth across the industry. As companies rally to address these challenges, retaining and motivating an effective and productive workforce will prove critical to improving business performance. SuccessFactors helps organizations have better insight into the quality of their talent and provides the tools to optimize workforce performance, in order to meet the overall objectives of the company.

“In keeping with MasterCard’s goal of providing exemplary customer service and satisfaction, SuccessFactors technology has helped MasterCard build an organizational process that aligns, develops and motivates our workforce and drives individual accountability for high performance,” said Ed Stutz, MasterCard Worldwide Director of HR Business Systems. “SuccessFactors has also showcased true commitment to MasterCard’s success throughout our three year engagement, demonstrating a service mentality and a partnership dedication that has helped us turn our performance and talent initiative into a strategic business driver.”

Based on SuccessFactors’ extensive experience working with the unique needs and proven best practices of financial services customers, SuccessFactors for Financial Services includes pre-configured competencies and templates that incorporate financial services roles/competencies, job profiles and role-based goal libraries. With SuccessFactors for Financial Services, organizations reap the benefits of complete customization based on pre-tested strategy; enabling swift deployment and a rapid path to business results.

Other leading financial services organizations that are on SuccessFactors include NASD, Inc., Oppenheimer Funds, ScotiaBank, Virgin Money, Wachovia and Westfield Group Services (http://www.successfactors.com/customers/). SuccessFactors’ rapid growth in this market mirrors its equally impressive and unprecedented growth in more than 40 other industries representing a combined total of over 2 million users across 139 different countries.

About SuccessFactors

SuccessFactors delivers performance and talent excellence, on demand. The company’s software promotes visibility, accountability, and results, enabling organizations to eliminate the politics that destroy motivation and impede performance. Fueled by the industry’s highest renewal rate, SuccessFactors has grown in the past 12 months from 275 customers to over 1,000 customers and from 1 million users to over 2 million users in 139 countries, across 40 industries, and in 18 languages — all while becoming easier to use. During that period, the company nearly doubled its employee base, currently employing over 400 people passionate about effective human capital management. Carefully managed and executed internal growth has allowed the company to provide the same caliber of absolute excellence in execution for customers that catapulted SuccessFactors into the product, customer and revenue leader in the performance and talent management space. Customers include Kimberly Clark Corporation, MasterCard Worldwide, T. Rowe Price, Textron, Sutter Healthcare, Direct Energy, Arrow Electronics, Quintiles Transnational, Volkswagen of North America, Lancaster General Hospital and Salesforce.com. The company continues to execute at a level of global excellence by providing an industry-leading, scalable and secure global hosting operation. Founded in 2001, SuccessFactors has 15 worldwide offices collaborating for strong local support of customers. For more information, visit http://www.successfactors.com.
Contacts

LaunchSquad
Jesse Odell, 415-625-8555
successfactors {at} launchsquad(.)com