ERP News

NetSuite Streamlines Employee Compensation With SpiraLinks

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CAMPBELL, Calif., May 5, 2016 /PRNewswire/ — SpiraLinks, a leader in performance management and employee compensation software, announced today that NetSuite, the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, has implemented its compensation and performance management planning suite, FocalReview® to automate and streamline its employee compensation processes. With FocalReview®, NetSuite has been able to scale its compensation management process amidst rapid growth and provide managers and senior executives with an intuitive, role-based view into employee compensation.

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As the #1 cloud ERP provider, NetSuite grew rapidly as businesses began to abandon on-premise software in favor of cloud-based business suites. NetSuite grew across revenues and employee head count, but their existing Excel-based processes for employee compensation could not scale with the business. In addition, manually managing spreadsheet data and integrating it with financial data was a lengthy, cumbersome process that introduced the risk of errors. In 2013, NetSuite deployed FocalReview® to streamline its employee review process.

“The FocalReview® software from SpiraLinks has improved our employee compensation process tremendously,” said Kathy Zwickert, Chief People Officer, NetSuite. “We now have an automated system with tight controls that gives us the ability to create a strong pay-for-performance culture based on objective and transparent processes that align rewards with performance.”

NetSuite’s use of FocalReview® has provided the following benefits for its more than 4,500 employees:

Multi-currency, multi-payment support. FocalReview® allows managers and employees to see their compensation in all 12 countries where NetSuite has offices and provide rapid conversions into US dollar as needed, while also factoring in NetSuite stock compensation.

Improved visibility into the organization and talent pipeline. With the ability to access performance reviews on a role-specific basis, NetSuite management has deep visibility into its organizational structure to help compare and control labor costs.

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