Denver, Jan. 31, 2017 (GLOBE NEWSWIRE) -- SyncHR®, a leader in
Human Capital Management (HCM) cloud-based software, today reported the achievement of 2016 year-end milestones including record sales, widespread adoption of its automated HCM platform, new product innovations, and continued strong market momentum leading into 2017.
2016 Highlights in Brief
Customer Growth
SyncHR experienced robust revenue growth, more than doubling prior year revenue. The company added a host of strategic partnerships including industry-leading cloud ERP solution, NetSuite. The company continues to broaden its market coverage and deepen its penetration across key industries such as technology, manufacturing, hospitality, retail and more. The unprecedented level of automation delivered by the innovative HCM platform was embraced by new customers including Cascade Windows, Wuxi AppTec, Solutionreach, HP Pelzer, and many others.
Technology Platform Innovation
The company continued to invest in its patented, cloud-based technology platform, an enterprise-class, single-core system of record for managing HR, benefits and payroll. With several new releases, the company delivered the following innovations throughout 2016:
Industry-Leading Implementation Times
SyncHR continued to deliver industry-leading implementation times - 97% of new customers were implemented in 90 days or less. This competitive differentiator is achieved through a combination of designated teams of subject matter experts and specialists, a proven and trusted approach to HCM system implementation, and proprietary and custom developed tools and methodologies that leverage the unparalleled levels of SyncHR automation right from the start.
Company Growth
The significant growth experienced by SyncHR during the year was supported by key leadership team additions including:
The company also relocated its corporate headquarters to Denver, CO based on the ability of Colorado’s economy to support SyncHR’s growth, as well as its strong technology-focused business environment. SyncHR will also continue to expand its Oakland, California and Sophia, Bulgaria offices. New employees, which doubled the size of the organization in 2016, were onboarded across the company with significant investments made in customer care, operations, sales, and marketing.
"I am extremely proud of our team’s accomplishments in the past year, especially given the scope and scale of the growth we achieved," said Pamela Glick, Chief Executive Officer at SyncHR. "The market adoption by customers and partners across the country continues to validate our position, and the unparalleled and unprecedented innovation we are bringing to the HCM industry. We are excited about the year ahead and are already seeing evidence of continued growth and success in 2017."
About SyncHR
SyncHR is the Human Capital Management (HCM) cloud-based technology leader streamlining core HR, benefits, payroll and reporting in a single, enterprise-class application for mid-sized businesses. Founded in 2010, the SyncHR team of industry veterans and visionaries has developed patented technology that saves time, increases productivity, and delivers a superior economic value by simplifying the complexity of HCM through unprecedented automation. The company’s dedicated services and customer care teams deliver industry-leading implementation times, and the intuitive interface creates an enhanced user experience for employees and administrators. SyncHR has created a new reality in HCM by making centralized, interrelated data easy to access, correct, control, and analyze - anytime.
www.syncHR.com
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