Commerce Bank Simplifies Talent Acquisition with Lawson Talent Management Suite
SaaS-delivered application suite helps save bank recruiters' time managing applications and identifying the right talent for the right job
LAS VEGAS--(BUSINESS WIRE)--March 18, 2008--Lawson Software (Nasdaq: LWSN) announced today that Commerce Bank, based in Cherry Hill, N.J., is the first organization to deploy the new Lawson Talent Management Suite, which is part of the overall Lawson Strategic Human Capital Management System. Commerce Bank began using the Lawson solution to help manage talent acquisition for its high volume of applicants each year. The bank is already noting time savings for its recruiters, while offering an improved experience for people applying for jobs.
Lawson announced the extended availability of the Lawson Talent Management Suite today during the 2008 Lawson Conference and User Exchange (CUE) in Las Vegas. The software suite, delivered via a Software-as-a-Service (SaaS) model, combines a global core human resources system with strategic human capital management, including new functionality to help companies manage talent acquisition, incentive compensation, employee performance, learning and development, and succession planning.
Commerce Bank is one of the nation's most dynamic financial services retailers with assets of nearly $50 billion. The Commerce Bank network comprises more than 470 locations throughout New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, DC, Virginia, Maryland, and Southeast Florida.
Commerce Bank, a Lawson customer since 2002, chose to upgrade its existing Lawson HR platform to the new Talent Management Suite. The bank hires approximately 7,000 employees annually from a pool of 165,000 applicants. With 75 recruiters managing this high volume of activity, Commerce Bank needed a more flexible system to help the recruiters and HR staff quickly find and attract the right talent for the right roles across the organization. It also needed to deliver a simpler, more streamlined application process to improve information management and reduce time to hire, and deliver a better experience for online applicants.
"With the integrated approach of Lawson Talent Management, we have a solution that delivers the complete package of core HR and strategic HCM functionality to help us manage the entire employee lifecycle," said Jo-Anna Rubin-Berman, vice president of Human Resources for Commerce Bank.
As part of its initial implementation process, Commerce Bank worked with Lawson to successfully roll out Talent Management to a small pilot group of recruiters to help make sure people were comfortable with the new solution before deploying to the larger group of recruiters. The new system allows Commerce Bank to quickly source candidates through the applicant database and sort them to appropriate roles. It then helps automate the onboarding processes to reduce paperwork and maintain regulatory compliance, track and analyze metrics such as time-to-fill and cost per hire, and reduce administrative time with ad hoc and online reporting capabilities.
"Our new solution gives Commerce Bank a foundation for long term success by not only helping the bank acquire the right talent for the right jobs, but also helping managers better identify existing talent, which ultimately helps them manage business operations more strategically," said Larry Dunivan, vice president of Global Human Capital Management Products for Lawson. "And, by bringing additional components of the solution online, Commerce Bank will be better positioned to more effectively assess and develop employee skills and competencies, and link its people to real business results."
Other charter implementation customers for Lawson Talent Management include France-based Manitou, the world leader in the manufacturing and distribution of rough terrain forklift trucks, and Sitel, a global business process outsourcing services provider with 67,000 employees located in 27 countries.
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
CONTACT: Lawson Software
U.S. Media:
Joe Thornton, +1-612-868-3647
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or
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SOURCE: Lawson Software
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