In its annual 2015 Ventana Research Value Index report, Ventana Research has placed SAP has leader in Payroll Management. 2015 Value Index for Payroll Management evaluates vendors of payroll management software.
SAP continues to make changes in payroll delivery, with increased focused in cloud based solution (Employee Center Payroll), it will continue to be amongst the leaders. Also noticeable is SAP’s ranking in Talent Management space, its capability of managing global process is reaping big benefits. A world class Talent Management software when combined with an effective Payroll Management software will be rewarding for companies trying to adapt new ways of managing workforce.
Key highlights from the research:
- Currently fewer than one in 12 (8%) have integrated payroll management with their talent management system
- Only 29 percent reported having a dedicated workforce management system, but only one in five have integrated their payroll management system with it.
The 2015 Value Index for Payroll Management uses the Ventana Research methodology, a framework that evaluates application vendors and their products in seven categories of requirements. Five are product-related, assessing usability, manageability, reliability, capability and adaptability, while two quantify the customer assurance issues of vendor validation and total cost of ownership and return on investment (TCO/ROI).
- Ultimate Software
The Value Index for Payroll Management in 2015 shows that currently the top supplier is SAP, followed closely by ADP; both are rated Hot vendors. SAP was the only vendor to submit its on-premises product and ranks first in Reliability, Capability and TCO/ROI. In third place is Ceridian, slightly more than one percentage point behind ADP, which ranked first in Manageability and Validation. Ranked fourth is Workday, also rated Hot, which ranks first in Usability. In fifth place, only 0.3 percent lower, is Ultimate Software, which is rated Hot in all seven evaluation criteria.
Read the detailed research report here.