T3 – UltiPro – @UltimateHCM

This week on T3 I take a look at one of the big boys in human capital management (HCM) software Ultimate Software. If you’re like me you probably have some confusion of what or who Ultimate Software really is. Are they Ultimate Software, UltiPro, UltimateHCM, I truly had no idea if these were all the same or different!

Ultimately (pun intended!), I found out that the main product of Ultimate Software is called UltiPro and its an enterprise level human capital management system, or in HR terms, it’s your system of record, plus some.  To give you some more perspective UltiPro runs in the same space as HR technology companies, Oracle, SAP, Workday, Ceridian and ADP.

At its core UltiPro provides you with HR, Payroll and Benefits software. All clients that use UltiPro have this core, plus they give you the ability to buy into the full enterprise for talent management, applicant tracking, compensation, time and labor, Business Intelligence/predictive analytics, payment and tax, etc.

5 things that I really liked about UltiPro:

1. Definite advantage for Canadian customers as UltiPro payroll runs both Canadian employees and U.S. employees on the same system. This is rare in the payroll world, and about 75% of Canadian companies have U.S. employees.  All of your employees in UltiPro, US and Canadian, will be housed in the same database.

2. UltiPro doesn’t seem like a cobbled together mess of technology. It was designed as one holistic system and reacts that way when you are using it. UltiPros manager and employee Self-service is one of the better ones I’ve seen in the industry.

3. The business intelligence and analytics within UltiPro is awesome. It’s built so that individuals can pull exactly what they want, in the way they want, not just pre-built reports where you get what they want you to have. I was especially impressed with their retention dashboard with retention prediction and succession management.

4. UltiPro makes HR and organizational compliance extremely easy. You can tell this was built with input from real HR pros. Need your EEOC annual report? Pull it instantly by clicking one button! UltiPro delivers over 150 different business processes, designed to be best practice right out of the box, but with your ability to change and adapt to your specific processes.

5. This might seem small but it’s a big differentiator in the HCM space, in that UltiPro does the tax side of payroll beyond most payroll systems. Each UltiPro client is indemnified, and they ensure you have the right tax forms, rates, and they’ll actually file for you as well! This is huge for SMB clients!

So, why should you use them over the other big guys in the HCM space?  Ultimate Software sells from a philosophy of ‘we’re the small, big guys’, they’re the nice guys of HCM.  If you’ve dealt with some of the big HCM players recently, you’ll understand this!

So, what size do you need to be to really be an organization that would use UltiPro? They’re primarily an enterprise level software, but do play in the SMB space more than most. So, roughly 300-1500 on the SMB side, they’re enterprise clients average around 5,000, but rise to well over 10,000.

T3 – Talent Tech Tuesday – is a weekly series here at The Project to educate and inform everyone who stops by on a daily/weekly basis on some great recruiting and sourcing technologies that are on the market.  None of the companies who I highlight are paying me for this promotion.  There are so many really cool things going on in the tech space and I wanted to educate myself and share what I find.  If you want to be on T3 – send me a note.

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