sumtotal strategic hcm solutions for financial services

7/31/2019 SumTotal Strategic HCM Solutions for Financial Services

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SumTotal Strategic HCM Solutions for Financial Services

Driving Compliance, Reduced Costs, Greater Efficiency and Growth
http://www.sumtotalsystems.com/


2/5www.sumtotalsystems.com

For the past three years the financial services industry has been

characterized by increased globalization, rapid technological change,

additional compliance requirements and scrutiny, and a tough economic

climate. These factors have combined to make it difficult for many

companies to remain competitive. Though every company handles

money in the course of doing business, financial institutions actually

make money their business. The highest priorities facing this industry

are streamlining processes, improving productivity, and ensuring that

proper controls and compliance are in place. Other key concerns include

the challenge of running a global business efficiently and improving the

management reporting cycle.

Today SumTotal helps hundreds of the worlds leading financial services

firms, including 4 out of the 5 largest commercial banks in the United

States, to retain and grow their talent and run more efficiently and

effectively. SumTotal has the industrys most complete Strategic Human

Capital Management (HCM) solution and unmatched experience

managing complex compliance, talent and workforce managementneeds for todays financial services companies.

Complete Learning & Talent Management Capabilities

Effective, Efficient Compliance & Certification Solution: : Financial services companies

must comply with a wide variety of complex federal and state regulatory requirements, so

ensuring your workforce maintains proper certifications, that all certifications are up-to-

date and easily able to be reported on is critical. SumTotals industry leading Learning

Management solution provides complete functionality to meet the compliance and

certification needs of financial services organizations. In addition, SumTotals ability to

automatically track certifications and manage the recertification process for employeesreduces the risk of non-compliance penalties/fines while minimizing the amount of

administrative overhead required to manage these requirements.

Available Anytime, Anywhere: SumTotal Mobile provides powerful, next generation

learning through most major mobile devices giving financial services organizations

increased access and flexibility in delivering learning programs. With industry leading

features, such as support for multi-media and SCORM content, offline access to

content, course tracking and reporting, and multi-language supports, SumTotal Mobile

truly provides customers anytime, anywhere access to their learning programs.

Robust Support for Matrix Relationships: SumTotals Strategic HCM solution

provides out-of-the-box support for the often complex reporting relationships of project-

based organizations including matrix management.

Integrated Learning & Talent Capabilities: Because SumTotals solution is completely

integrated across all learning and talent processes, organizations are able to take a

holistic approach to their human resources programs. As a result, SumTotal provides

organizations better visibility into their talent pipeline, better ability to find talent

internally for specific projects, increased talent mobility to help retain high performers,

and a more effective overall talent management strategy.
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Critical Decision Making with Information: Business and consulting service

organizations are often very metric driven this includes key human capital metrics

such as continuing education credits, charged hours, utilization, and process compliance.From providing tools to define, create and monitor these key metrics to working towards

far-reaching strategic decisions that increase revenue, SumTotals Strategic Workforce

Analytics product provides a complete set of analytical tools to help business and

consulting services companies track their key metrics and make better informed decisions.

Complete Workforce Management Capabilities

Control Workforce Costs: How can you account for every dollar spent on every

work force activity and then link those costs to projects, sales, or customers? With

SumTotals Workforce Management solution project-based organizations can easily

track all these variables as well as factor in different wages, premium pay, or partial

shifts, while ensuring that bids for new business or contract renegotiations are profitableand accurate.

Increase Workforce Productivity: Incentive pay programs have been known to

significantly increase productivity. Many businesses have their workforce management

data in various applications but lack the information to execute. The SumTotal

Workforce Management solution is a centralized application that collects and transforms

this data into meaningful information and then applies work and pay rules to create

accurate, effective incentive pay plans. With SumTotal Workforce Management,

supervisors and managers can find, diagnose, and solve workforce-related problems

and incent behaviors that drive increased productivity with incentive pay programs. In

addition, the software will identify actual time worked as well as nonproductive timeassociated with scheduled breaks, material delays, or any uncontrolled incidents.

Minimize Safety & Compliance Risk: Automatically track incidents, generate

warning letters, provide audit trails for actions taken, and have it all tied directly to an

employees record. With SumTotals Workforce Management solution, you can also

capture and report on all hours worked, including hours of service rules, while setting

alerts and reminders for when licenses are nearing expiration or recertification is

required. Reduce the risk of compliance violations by correctly identifying and aligning

professionals with appropriate certifications, training, and licenses, and tracking

adherence. SumTotals Workforce Management solution can help you have the right

people where and when you need them most.

Compliance with Bargaining Unit Work, Leave & Pay Rules: SumTotals fully-

integrated, end-to-end solution removes the headache of trying to manually comply

with complex work, leave and pay rules; along with the resultant grievances, fines, and

employee relations issues.
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com

Complete Expense Management Capabilities

Increased visibility into expense spend: : For many business and consulting service

organizations employee expenses represent the second largest controllable expensebehind payroll. Yet, most organizations do not have good visibility into their overall business

expense spending. Companies can access details on high level GL categories but will

not be able to get a full breakdown of who, what, where, when and why on spending.

SumTotals Expense Management solution delivers full access to your detailed expense

spending data. This allows you to identify spending trends and patterns, consolidate data

for merchant analysis and negotiation, view breakdowns of compliant and non-compliant

expenses and quickly adapt to opportunities and risks. This increased visibility will reduce

your overall spending while allowing more informed business decisions.

Select SumTotal Financial Services Customers

4 of the 5 Largest Commercial Banks in the US Use SumTotal
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About SumTotal // SumTotal Systems, Inc. is the global leader of strategic HumanCapital Management (HCM) solutions that provide organizations with a new level

of visibility to help make more informed business decisions and accelerate growth.

Recognized by industry analysts as the most complete solution, SumTotal provides

full employee lifecycle management, including a core system of record, from a single

provider for improved business intelligence. The company offers customers of all sizes

and industries the most flexibility and choice with multiple purchase, configuration,

and deployment options. We have increased the performance of the worlds largest

organizations including Sony Electronics (NYSE: SNE), AstraZeneca (NYSE: AZN [ADR];

London: AZN), Amway (KUL:AMWAY), Seagate (NYSE: STX), Dell (NASDAQ:DELL),

and Google (NASDAQ:GOOG).

For more information, or to request a demo, please call +1 (866768-6825 (US / Canada), +1 (352) 264-2800 (international) or vis

www.sumtotalsystems.com

SumTotal Strategic Human Capital

Management Solution

SumTotal provides an end-to-end, strategic human capitalmanagement (HCM) software solution that enables better

alignment of resources, rapid development of both internal

and external audiences, improved cost containment, all

while providing greater visibility to help organizations bette

manage their business. As a global leader in strategic

human capital management (HCM) with over 3,500

customers and 45 million users, SumTotals solution,

approach, and people enable organizations to grow their

businesses by more effectively and efficiently managing

the entire employee lifecycle.SumTotal offers the most complete end-to-end solution,

flexibility to match varying needs, and deep understanding

of customers business challenges. Whereas yesterdays HR technologies often resulted in isolated

silos of workforce data across disparate systems, SumTotals complete platform connects all HR,

workforce management, expense management and talent functions into a unified solution. By providing

a single platform and user experience across all core human capital functions, organizations achieve

unprecedented analytic visibility into their business, leading to improved decision making.

2012 SumTotal Systems, Inc. All rights reserved. SumTotal, and the SumTotal

logo, are registered trademarks or trademarks of SumTotal Systems, Inc. and/

or its affiliates in the United States and/or other countries. Other names may be

trademarks of their respective owners. 12_0509_IB_NH
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sumtotal strategic hcm solutions for financial services

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