Ultimate Software, the Cloud provider of human capital management solutions, and NetSuite, provider of Cloud-based financials/ERP and omnichannel commerce software suites – have announced a strategic alliance to integrate the UltiPro HCM solution and the NetSuite ERP suite, giving businesses the ability to manage their entire business lifecycle – from financials, supply chain, and customer relationship management (CRM); to payroll, HR, and talent management—through two of the industry's leading Cloud solutions.
In addition to Ultimate announcing its integration of UltiPro HCM and NetSuite's cloud ERP platform, the two companies are now partnering to provide each other's customers solutions in the HCM or ERP space.
"By connecting UltiPro's rich HR, talent, and payroll capabilities to NetSuite's suite of ERP applications, Ultimate and NetSuite offer businesses the ability to manage their entire spectrum of business technology needs through two of the most trusted cloud vendors in the world—while enjoying industry-leading functionality, scalability, and configurability—without requiring point solutions for different business applications," said Scott Scherr, chief executive officer of Ultimate. "Not only are both our solutions leaders in cloud business technology, but our commitment to culture and service to customers is highly aligned. We're excited to bring this partnership to the market."
"The combination of Ultimate's robust HCM functionality together with NetSuite's system of record for core operational processes provides our customers with a tightly integrated solution to run the core aspects of their business," said Zach Nelson, chief executive officer of NetSuite. "We're giving businesses of all sizes enterprise-class functionality, with the flexibility, scalability and agility of the cloud."
This announcement gives companies the option to simplify their business ecosystems and realise substantial increases in business operation efficiency. The integration of Ultimate's end-to-end HCM suite with NetSuite's comprehensive business management platform will offer significant benefits including:
seamless movement of new hire data from the HCM/payroll system to the ERP system for immediate access to other business applications and end-to-end business processes
- reduced IT cost to integrate data between systems
- increased data integrity through elimination of duplicate data entry
- significant time savings
- ability to more easily access data across the full suite of business applications for reporting and analysis
- single sign-on for employees to access their HCM solution and any NetSuite business application such as CRM, supply chain, and financials
Ultimate and NetSuite made the announcement at Ultimate's annual user conference, Connections, today in Las Vegas where more than 1,800 customers were gathered to learn about the direction of UltiPro's HCM technology.
"Partnerships which deliver tightly integrated best in class solutions provide a win-win for customers and prospects. In today's market, organisations seek tighter and more robust integration between their ERP cloud and HCM clouds, meaning one less headache to operate their enterprise software portfolio," said Holger Mueller, Vice President and Principal Analyst, Constellation Research.