Ultimate Software (Nasdaq:ULTI), a leading provider of Human Capital Management (HCM) solutions in the cloud, announced today that Enterprise Bank (Nasdaq: EBTC), a full-service commercial bank, has achieved numerous measurable business benefits in its people management operations with UltiPro. Founded in 1988 in Lowell, Massachusetts, Enterprise Bank had used multiple systems to handle its complex HR and payroll processes before UltiPro. Its operations were becoming increasingly challenging with Enterprise Bank's expansion into 22 full-service branch offices in the Merrimack Valley and North Central regions of Massachusetts and southern New Hampshire. With a goal to provide financial resources for growing businesses, nonprofit organizations, professionals, and individuals, Enterprise Bank needed one, unified HCM solution to handle its HR, payroll, and talent management. After a rigorous selection process, Enterprise Bank chose cloud-based UltiPro and then went live four months later. With a clear, structured deployment of the technology, the benefits to Enterprise Bank have included:
- Cutting time spent on payroll processing by 40%
- Saving approximately 8 hours or more per month creating and delivering reports
- Reducing completion time of employee open enrollment to an average of 8 minutes
- Streamlining its recruiting processes
- Going paperless — empowering employees to manage their personal, payroll, and benefits information, and reducing the costs and effort associated with printing and managing thousands of pieces of paper each year.
"Our business is steadily growing, and our previous vendor's system could not adapt to our changes," said Veiga. "Ultimate is totally different. They have a partnership philosophy with customers, so that our feedback on UltiPro's products and services is welcomed. We know we are in a collaborative relationship with a company that is listening to us and that is always evolving its offerings to ensure our long-term success.""Speed and execution are critical for business success, and UltiPro is technology that can deliver measurable results to companies of all sizes and across all industries. Our goal is to simplify the work lives of the people who use our cloud solution, and then elevate productivity and performance across the business," said Chris Phenicie, chief sales officer at Ultimate Software. "In addition to providing easy-to-use, easy-to-manage technology, we recognize that delivering exceptional support is central to customer success. We're very pleased that UltiPro, supported by our unique partnership philosophy, is making a positive impact on Enterprise Bank and its people." About Ultimate Software Ultimate is a leading provider of Human Capital Management (HCM) solutions in the cloud, with more than 19 million people records in the cloud. Ultimate's award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and employs more than 2,300 professionals. In 2015, for the fourth year in a row, Ultimate was ranked in the top 25 on FORTUNE's list of the 100 Best Companies to Work For; and recognized for the third year in a row as one of Achievers' 50 Most Engaged Workplaces™ in North America. In 2014, Ultimate was ranked #8 on Forbes magazine's list of the 100 Most Innovative Growth Companies; and recognized as a 'Leader' in Nucleus Research's HCM Technology Value Matrix. Ultimate has more than 2,800 customers with employees in 150 countries, including Bloomin' Brands, Culligan International, Major League Baseball, Pep Boys, Texas Roadhouse, and Yamaha Corporation of America. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com. UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.