Cornerstone OnDemand Positioned Among the Leaders in HerbertNathan’s HCM Market Report for Sweden, Denmark and Norway
COPENHAGEN, 26 JUNE 2017 – Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based learning and human capital management software, today announced that it has been placed among the leaders according to the independent 2017 HerbertNathan & Co analyst grid for the Swedish, Danish and Norwegian HCM (Human Capital Management) markets.
Independent analyst and consultant firm HerbertNathan & Co is the leading market analyst in Scandinavia for ERP and HCM systems. In their latest in-depth market report, they share insights on latest HR trends, as well as provide a detailed analysis of the leading HCM systems available on the Swedish, Danish and Norwegian markets. The systems were analysed according to extent and complexity of process, functionality as well as size of the organisation they cater for. The market grid offers a visual comparison of the different solutions and Cornerstone OnDemand is placed in the top righthand quadrant which is the high end regarding both process width and breadth as well as covering up to and including large enterprises.
According to the report “The market is very vivid right now. We see a very high growth in the market (both in terms of new businesses and number of customers). The reason for this is that HR plays a central role in an organisation, and many companies have decided to select and implement an HCM system. Compared to the ERP market, 100 percent of all companies has an ERP system, but only approximately 15 to 20 percent of all companies have a “real” HCM system implemented. The trend is that most companies will want to source an HCM system. The digitisation of HR is currently on many management agendas.”
One of the key tasks for most organisations in the coming year will be preparing for the new EU personal data protection regulation (GDPR) which comes into force in May 2018, but the report also describes how the HCM functional footprint is expanding, with more and deeper functionality into areas such as support for social media, mobility support, apps access and BI. The new functionality is often integrated and HerbertNathan & Co are expecting to see more complete HCM suites covering all HR processes in the future.
Cornerstone has invested heavily in Europe recently to assist customers through the GDPR change, opening two new data centres and creating a team of Data Privacy Officers operating worldwide from Europe.
Cornerstone’s human capital management platform combines the world’s leading unified talent management solutions with state-of- the-art analytics and HR administration solutions to enable organisations to manage the entire employee lifecycle. Its focus on continuous learning and development helps organisations to empower employees to realise their potential and drive success. Cornerstone works with clients across all geographies, verticals and market segments. Its clients include multinational corporations, large domestic and foreign-based enterprises, mid-market companies, public sector organisations, healthcare providers, higher education institutions, non-profit organisations and small businesses.
“Being positioned as one of the leaders in HCM according to HerbertNathan & Co independent market survey is a real testament to how comprehensive and modern our solution is and how strong our position is across Scandinavia. HR is playing a strategic pivotal role in the ongoing digital transformation as success largely depends on attracting talent and engaging the workforce. We’re looking forward to working with our customers to deliver solutions that will enable them to truly transform their business,” said Vincent Belliveau, Executive Vice President and General Manager of Europe, Middle East and Africa (EMEA) for Cornerstone OnDemand.
About HerbertNathan & Co
HerbertNathan & Co is a highly specialised management consulting firm and the most frequented impartial advisor in the Scandinavian market within the area of business applications (ERP-, HR-, CRM, BI-systems etc). HerbertNathan & Co provides 100% independent advice and in-depth knowledge of the market and experiences from more than 500 projects over the past many years. HerbertNathan & Co offer services in the full systems lifecycle,i.e. from initial strategy formulation, to systems selection into implementation and optimisation – always as the advisor of the client. Furthermore HerbertNathan & Co publishes in-depth impartial analysis and reports of systems and vendors. HerbertNathan & Co has offices in Denmark, Sweden and Norway and employs more than 30 experienced consultants.
About Cornerstone OnDemand
Cornerstone OnDemand (NASDAQ: CSOD) is a global leader in cloud-based learning and human capital management software. The company is pioneering solutions to help organisations realise the potential of the modern workforce. From recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning, people administration and analytics, Cornerstone is designed to enable a lifetime of learning and development that is fundamental to the growth of employees and organisations.
Based in Santa Monica, California, the company’s solutions are used by nearly 3,000 clients worldwide, spanning more than 31 million users across 191 countries and 43 languages. To learn more about Cornerstone, visit us on Twitter, Facebook, LinkedIn and our blog. www.cornerstoneondemand.co.uk
Cornerstone® and Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand, Inc.