Paper Example High School 1,153 words

Managing the small business

Last reviewed: March 3, 2012 ~6 min read
Abstract

Ultimate Software is a foremost provider of unified human capital management solutions for global businesses, headquartered in Weston, Florida. This company offers award-winning UltiPro as SaaS in order to manage a multinational workforce. Since its inception in 1990, Ultimate's goal has been product excellence in the ultimate software for human resource and payroll professionals. Their vision is to deliver the most flexible, wide-ranging solution for companies to tactically manage HR, payroll, benefits, and talent management.

Business

Managing the Small Business

Ultimate Software is a foremost provider of unified human capital management solutions for global businesses, headquartered in Weston, Florida. This company offers award-winning UltiPro as SaaS in order to manage a multinational workforce. Since its inception in 1990, Ultimate's goal has been product excellence in the ultimate software for human resource and payroll professionals. Their vision is to deliver the most flexible, wide-ranging solution for companies to tactically manage HR, payroll, benefits, and talent management. The company's elite focus on HCM has resulted in solutions distinguished by ease of use, vigorous integral functionality, higher technology, low price of ownership, and quick activation, with a measurable return on investment. The company is publicly traded under the symbol ULTI and had $227.8 million in revenues in 2010 and provides solutions for employers in both the United States and Canada.

Ultimate's award-winning UltiPro provides a united advance to managing the worker life cycle, from recruitment through retirement. UltiPro delivers continuous strategic HR, payroll, and talent management functionality, including recruitment, onboarding, payroll, benefits administration, compensation management, performance management and reviews, succession management, talent retention tools, time and attendance, workforce scheduling, rich reporting and analytical decision-making tools, plus a central Web portal that serves as the entryway for a workforce to access company associated activities. The end result is a sanctioned workforce that can access vital information rapidly and implement routine business activities more knowledgeably. Best of all, UltiPro helps HR teams function on a more strategic level and that transforms into better service for a company's most important asset, their talented employees.

Ultimate's center on excellence has earned the company a solid reputation and a history of long-term relationships, with a 96% customer preservation rate. The company employs over 1,400 professionals who are committed to developing trend-setting solutions and delivering quality service. Ultimate has more than 2,300 customers representing diverse industries, including Adobe Systems Incorporated, the Container Store, Elizabeth Arden, Major League Baseball, the New York Yankees, Culligan International, and Ruth's Chris Steak House.

At Ultimate Software, has always put their people first. This idea saturates their culture to its core. For over 20 years, it has driven them to create the innovative products and services that they offer. As a result, they enable their clients to put their people first, which helps them build the people-centric environments they need to grow and meet their business goals. They believe software should work for people. Not the other way around. Customers choose them for their sophisticated people management technology that is delivered in the cloud. They know that it's the results of how well they improve the personal work experience for they company and its employees that matters most.

With a focus on people in everything that they do, they have built UltiPro with inclusive capabilities and simplicity of use in order to make companies lives easier. They give company's tools to manage every workforce need they have from recruitment to retirement. They get HR, payroll, and talent management in a single solution that effortlessly joins people globally with the information and resources they need to work more efficiently. They devote 100% of their resources to the research, development, and delivery of industry-leading, constantly evolving human capital management (HCM) technology. Their undivided attention has made them experts in the industry and trusted advisors and business partners who can be counted on to convey sustained excellence in HCM solutions. Their focus on people is evident and award-winning. In 2012, Ultimate was named one of FORTUNE's top 25 Best Companies to Work for.

UltiPro is an industry leader in HCM, delivering more out-of-the-box functionality than any other provider. UltiPro's continuous HR and talent management functionality includes recruitment, onboarding, payroll, worker and manager self-service, benefits administration, compensation management, performance management and reviews, succession management, talent retention tools, time and attendance, workforce scheduling, rich reporting and analytical decision-making tools, and more. UltiPro's Web portal can serve as a company's communications center and the fundamental gateway for business activities because it conveys functionality for everyone in the company, from HR and financial departments as well as executives, staff managers, and individual staff. With the UltiPro portal, HR/payroll staff, managers, and administrators can complete daily worker administration tasks, administer benefits, manage staff, and access reporting in real-time, all from one central location. Managers and executives can access frequently requested reports and analyze workforce statistics and trends on-demand. Employees can access pay and benefits information, get questions answered, and complete routine updates instantly. Plus, the UltiPro portal joins the entire workforce, keeping everyone in the company connected to the business proposals, and reduces operating expenses by getting rid of the need to print and distribute paper communications, handbooks, forms, and paychecks. The UltiPro portal also offers features to easily extend the portal into other areas of the company, making it truly the central core for all business activities.

Ultimate's UltiPro resolution is available through the SaaS model with a per employee, per month subscription. With UltiPro delivered through SaaS, organizations get the best of both in-house and outsourced HR and payroll advantages, including absolute access to critical worker data, a Web portal for managers and employees, business intelligence tools for administrative decision-making, and all-inclusive HR, payroll, and talent management functionality, all with no extra necessities for in-house it support. Ultimate provides all the hardware and solution software, houses UltiPro at a first-rate data center, and performs all upgrades and maintenance for the HCM solution.

Ultimate's focus on excellence for the last 21 years has earned them a solid customer service reputation. In fact, Ultimate is a recognized support leader for many reasons, including:

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PaperDue. (2012). Managing the small business. PaperDue. https://www.paperdue.com/essay/business-managing-the-small-business-54731

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