When it comes to business management, it’s undeniable that people and their needs should be at the forefront of every decision made. And that’s exactly what Ultimate Software does. This cloud-based human resources management software company is dedicated to ensuring that every employee’s experience within their system is seamless, enjoyable, and empowering.
But what makes Ultimate Software stand out from the other payroll software companies out there? Is it the same as Kronos or has it been acquired by someone else? These are just a few of the questions we’ll explore in this blog post.
You might be surprised to learn that Ultimate Software has an impressive clientele base, handling the HR needs of over 5,600 companies globally. Their dedication to putting people first has garnered them numerous awards, including being ranked #2 on Fortune Magazine’s 100 Best Companies to Work For in 2021.
In this article, we’ll dive into the features and benefits of the Ultimate Software payroll system, explore the differences between Ultimate Software and Kronos, discuss the details surrounding their acquisition, and provide you with information about their client base. Whether you’re an HR professional or a business owner looking to streamline your company’s HR processes, the Ultimate Software could be the solution you’ve been searching for.
Ultimate Software Puts People First
In recent years, concerns about the impact of technology on people have become increasingly prevalent. As such, Ultimate Software has made it a priority to put people first in everything they do. This philosophy is reflected in the design of their HR software, which puts the needs and preferences of employees at the forefront.
Employee Experience
Ultimate Software recognizes that employees are the lifeblood of any organization. That’s why they’ve created a software suite that is designed with employee experience in mind. From intuitive interfaces to powerful self-service tools, Ultimate Software empowers employees to take control of their own work lives.
Personalized Solutions
Ultimate Software understands that different businesses have different needs when it comes to HR software. To that end, they offer personalized solutions that can be tailored to the specific requirements of each business. These customized solutions ensure that businesses get the most out of their HR software investment.
Accessibility
For Ultimate Software, accessibility is more than just a buzzword. They make sure that their software is accessible to everyone, including people with disabilities. This focus on inclusivity ensures that everyone can leverage the power of their HR software, regardless of their physical abilities.
Continuous Improvement
Finally, Ultimate Software understands that the world is constantly changing, and that businesses need to adapt to stay competitive. To that end, they are constantly updating and improving their HR software to keep up with the latest trends and technologies. This commitment to continuous improvement ensures that businesses who choose Ultimate Software as their HR solution will always be on the cutting edge.
In conclusion, Ultimate Software’s people-first approach to HR software makes them a top choice for businesses that prioritize employee satisfaction and productivity. With a focus on employee experience, personalized solutions, accessibility, and continuous improvement, Ultimate Software is a true leader in the HR software industry.
Ultimate Software Payroll
One of the many features that make Ultimate Software stand out is its payroll system. This system is designed to streamline the payroll process and ensure accuracy in all calculations.
Easy to Use
Ultimate Software makes it easy for businesses to manage their payroll operations seamlessly. With a single platform for tracking all employee data, no more need to switch between systems to get everything done.
Comprehensive Capabilities
The Ultimate Software payroll system has a host of features, including the ability to calculate taxes, deductions, and bonuses automatically. It integrates with other systems such as time and attendance tracking and benefits management to provide a complete picture of employees’ compensation.
Customizable Setup
Every business is unique, and the Ultimate Software payroll system understands that. It allows for customization to fit your company’s specific needs, including custom earning types, deductions, and tax settings.
Reporting and Analytics
The payroll system also provides comprehensive reporting and analytics capabilities, allowing businesses to track their performance over time. The system generates accurate and detailed reports on employee pay, taxes, and other important data.
Security
Ultimate Software has taken many measures to ensure data security, including multi-factor authentication and state-of-the-art encryption of sensitive data. You can be confident that your payroll data is safe and secure.
Customer Support
Ultimate Software has a dedicated team of customer support professionals ready to assist you with any questions or concerns about your payroll system. They are available 24/7 to help you get the most out of your software.
In conclusion, the Ultimate Software payroll system is an excellent option for any business looking to streamline its payroll operations. With its comprehensive capabilities, customizability, and excellent customer support, it’s a must-have tool in today’s fast-paced business world.
Is UKG the Same as Kronos
When looking for top-notch software that prioritizes employee satisfaction, two names often come up: UKG and Kronos. But, are they one in the same? Let’s examine the differences between the two.
The UKG and Kronos Merger
In 2020, UKG (Ultimate Kronos Group) was formed when Ultimate Software and Kronos merged. This merger resulted in a comprehensive software suite that includes HR, payroll, timekeeping, and scheduling. The software is designed to streamline employee communication and improve job satisfaction – all while adhering to compliance regulations and promoting productivity.
Differences between UKG and Kronos
While there are many similarities between the two software options, there are a few notable differences as well. For one thing, UKG seems to have a stronger focus on employee well-being, with features like employee surveys and staff sentiment analysis.
On the other hand, Kronos has been helping businesses optimize their workforce management for over four decades, so it has more experience in that particular area. Kronos offers solutions for multiple industries and has a proven track record of success.
Which One Should You Choose
When it comes to choosing between these two software options, it really depends on what your business is looking for. If you prioritize employee satisfaction and engagement, UKG might be the better option. But if you’re looking for a software suite with a long track record of success and a wider range of solutions, Kronos might be the way to go.
Overall, UKG and Kronos are both effective solutions for businesses looking to optimize workforce management. While they have different focuses and features, they both have the potential to enhance productivity and employee satisfaction.
Who Acquired Ultimate Software
In February 2019, Ultimate Software announced that they agreed to a $11 billion buyout by an investor group led by Hellman & Friedman. Hellman & Friedman is a private equity investment firm that has a successful track record of investing in technology companies. The deal closed on May 3, 2019, and Ultimate Software is now a privately held company.
Prior to the acquisition, Ultimate Software was a publicly traded company listed on NASDAQ under the ticker symbol “ULTI.” However, the company made the decision to go private as part of the acquisition deal. Going private is often a good option for companies that want to focus on long-term growth rather than short-term shareholder value.
There was some speculation that Ultimate Software could have been acquired by another technology company. However, it ultimately went to a private equity firm that plans to invest in the company’s growth and development. This move provides Ultimate Software with additional financial resources that can be used to enhance their products and services.
One of the main reasons behind the acquisition was to continue Ultimate Software’s focus on “People First.” The company is known for putting its employees first, and private equity ownership will allow them to maintain that culture. Additionally, the acquisition provides Ultimate Software with the resources needed to continue developing innovative HR software solutions that put people at the center.
Overall, the acquisition of Ultimate Software by Hellman & Friedman was a major moment in the company’s history. It allowed the company to continue its focus on “People First” and to invest in the future growth of the company. As Ultimate Software continues to develop best-in-class HR software solutions, the acquisition will undoubtedly be a factor in its continued success.
How Many Customers does Ultimate Software Have
Ultimate Software is a leading provider of cloud-based human capital management solutions. Their software suite is used by businesses of all sizes globally to manage their HR, payroll, and talent management needs. If you’re wondering how many customers Ultimate Software has, the answer might surprise you.
A Large and Growing Customer Base
Ultimate Software has over 6,000 customers worldwide, including some of the biggest names in business. These customers span across a range of industries, including healthcare, retail, finance, and manufacturing. From small businesses to large enterprises, Ultimate Software has a solution that can meet their unique needs.
A Strong Focus on Customer Satisfaction
One of the reasons why Ultimate Software has such a large and loyal customer base is its strong focus on customer satisfaction. The company is committed to providing exceptional support to its customers, which includes a 24/7 customer support hotline, access to an online knowledge base, and regular software updates.
Top-rated in Customer Satisfaction
It’s clear that Ultimate Software’s commitment to customer satisfaction is paying off. In fact, Ultimate Software is consistently rated as one of the best companies in the industry when it comes to customer satisfaction. According to the 2021 Gartner Peer Insights ‘Voice of the Customer’ report, Ultimate Software received the highest scores in customer satisfaction among HCM software vendors.
In summary, Ultimate Software has a large and growing customer base that spans across a range of industries. Their strong focus on customer satisfaction has helped them become a leader in the HCM software industry, and their top-rated customer support is a key selling point for many businesses. If you’re considering implementing an HCM solution, Ultimate Software is certainly worth a closer look.
