Cornerstone OnDemand Showcases Learning and Talent Management Software at CeBIT 2009
Industry-leading SaaS-based platform enables high-impact success around employee collaboration, development and performance
HANNOVER, Germany, CeBIT 2009 – 2 March 2009 – California-based Cornerstone OnDemand Inc. (Booth No. A16/3, Hall 6) will showcase its award-winning learning and talent management software at this week’s CeBIT 2009 (3-8 March, 2009) global IT trade fair in Hannover, Germany. Recognised among the top category vendors by industry analyst firms such as Gartner and Bersin & Associates, Cornerstone’s Software-as-a-Service (SaaS)-based platform provides organisations of all sizes – and in all industries – with a comprehensive, cost-effective and easy-to-use solution for enabling high-impact success around employee collaboration, development and performance.
While overall IT spending is slowing, recent research indicates that investment in SaaS technologies such as human capital management software is increasing due to its relatively low implementation costs and low total cost of ownership. According to IDC, about 45 percent of companies will dedicate at least a quarter of their IT budget to SaaS-delivered business applications, compared with only 23 percent from IDC’s 2008 report.1
“Despite the economic downturn, it’s still critical for companies to invest in developing and retaining top talent,” said Vincent Belliveau, General Manager, EMEA, Cornerstone OnDemand Inc. “Cornerstone’s integrated software solution allows for greater organisational efficiencies, more impactful and cost-effective learning initiatives, improved workforce insight, and more strategic performance and career management. And our SaaS-based delivery allows even complex, global entities to rapidly deploy the solution across the organisation and easily integrate it with existing HRIS systems such as SAP or Peoplesoft.”
While core solutions for learning and performance are essential for addressing modern workplace issues, more companies are looking to enterprise social networking and Web 2.0 technologies – such as Cornerstone’s new Cornerstone Connect platform – to supplement their strategies for acquiring, onboarding, managing, developing and motivating employees. A recent survey conducted by industry analyst firm Knowledge Infusion shows that 62 percent of global companies feel HR should design a talent management strategy leveraging social software and technologies.2
“The only way to create a compelling business case for enterprise social networking and collaboration technologies is to implement them in practical ways that support real business goals,” commented Belliveau. “And by integrating them with applications for learning and performance, it significantly increases the levels of engagement and participation.”