Oracle NetSuite Corporate Communications
Leading Video Marketing and Analytics Platform Provider's Workforce Now Enjoys a Collaborative Work Environment
SAN MATEO, Calif.—October 9, 2014—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Vidyard, the fast-growing provider of a leading video marketing and analytics technology platform, has deployed NetSuite's TribeHR human capital management (HCM) suite to streamline human resources processes and enhance its collaborative work environment. Since going live, Vidyard has relied on NetSuite TribeHR to manage human resources, recruitment, employee recognition, staff directory, and events calendar—all within one single end-to-end employee management and social collaboration HCM suite. As a result, Vidyard has improved staff productivity and morale, as well as improved the efficiency of both HR professionals and the workforce.
Before TribeHR, the company relied on manual processes, email and verbal communication for HR and employee management. As it grew, Vidyard, named as a "Company to Watch" in the 2013 Deloitte Fast 50 awards for Canadian technology companies, saw the need to formalize its HR processes. It began looking for a purpose-built HCM solution that would help improve HR department efficiency while making the most of its personnel, who design and deliver video marketing solutions for companies such as Rockwell Automation, inContact and Taulia. Too often, fast-growing and midsized businesses must tie together disparate systems to get a full understanding of their human resources from recruit to manage to reward. NetSuite TribeHR provides a complete end-to-end HCM suite, offering the first truly social HR platform with a superior user experience, driving employee engagement and retention.
"We wanted a solution that would grow with us in the future, and that's what TribeHR has given us," said Michael Litt, Founder & CEO. "TribeHR is very intuitive and easy to use. It helps keep people engaged because they know TribeHR is the one place they can go to get all the information they need."
NetSuite TribeHR aligns perfectly with the "work hard, play hard" culture at Vidyard and its young workforce, Litt said. The benefits that Vidyard has seen with NetSuite TribeHR include:
Greater HR efficiency. HR personnel estimate being 50 percent more efficient with TribeHR than they were with their previous manual processes.
More effective recruitment. Workflow-driven recruitment coordinates processes and provides a record of all interactions with a candidate or reference, saving Vidyard up to 10 hours of time for each job posted.
Better engagement and morale. TribeHR kudos, a feature enabling employees to recognize the accomplishments of peers, is used three or four times a week, helping create a positive and productive work environment within the organization.
Seamless event coordination and participation. The TribeHR calendar serves as the go-to resource for all upcoming company and social events, helping to promote participation while enhancing workforce collaboration.
Simpler self-service resources. The TribeHR resources section serves as a central repository for an FAQ and information on benefits, vacation, health and safety, and other policies.
Real-time core company directory. TribeHR gives Vidyard a single location for all vital employee information, eliminating the need to rely on disparate sources and paper records.
"TribeHR provides a central location for information that everyone has access to, and it has a 'fun' social aspect to it like kudos and calendar features—it's a really good balance between the two," Litt said. "The TribeHR kudos feature definitely helps with morale. It helps employees know that what they're doing is appreciated and recognized."
Today, more than 20,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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