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August 5, 2015
Miami & London - August 5, 2015 - The Hackett Group, Inc. (Nasdaq: HCKT) today announced that it has signed an agreement with ADP that will add a dedicated Hackett best practices advisory program to ADP's Vantage HCM® solution.
ADP Vantage HCM is a cloud-based human capital management (HCM) solution that helps organizations find, develop and retain great people. It is an integrated platform that addresses the strategic needs of HR, as well as the compliance and risk mitigation aspects of talent, benefits, payroll, and time and labor management.
By augmenting ADP Vantage HCM with industry best practices from The Hackett Group, clients will enhance their ability to achieve business outcomes by better aligning their HR services with their business strategy. ADP Vantage HCM clients now have access to:
The Hackett Group has completed more than 11,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 86% of the Fortune 100, 87% of the DAX 30 and 51% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ that includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance. As part of this agreement, Hackett will launch a customized best practice program for ADP Vantage HCM clients that will leverage Hackett's Best Practice Intelligence Center to support the planning, implementation and post-implementation strategies throughout the life of their Vantage contract.
"Our research shows that world-class HR companies rely on the right combination of technology and business best practices," said Ted A. Fernandez, Chairman and CEO of The Hackett Group, Inc. "This will allow ADP Vantage HCM clients to optimize the business value from this market-leading HCM solution."
"Today's HR leaders are facing the challenge of being more strategic to their organizations," said Dave Imbrogno, president of ADP National Account Services. "Enriching our ADP Vantage HCM solution with HCM industry best practices is going to help our clients see what 'better' human capital management looks like – and once we've helped them identify a path forward, accelerate their progress toward deploying even more strategic HR solutions. As the first and only HCM software provider to integrate The Hackett Group's unique execution insight into a solution, we've added yet another differentiator to our existing HR diagnostic and optimization tools and workforce data analytics." The rollout of the Hackett Group's offering is expected to take place over the next 60 days.
Employers around the world rely on ADP® (NASDAQ: ADP) for cloud-based solutions and services to help manage their most important asset – their people. From human resources and payroll to talent management and benefits administration, ADP brings unmatched depth and expertise in helping clients build a better workforce. A pioneer in Human Capital Management (HCM) and business process outsourcing, ADP serves more than 630,000 clients in more than 100 countries. The ADP logo, ADP, and ADP Vantage HCM, are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2015 ADP, LLC.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.
The Hackett Group has completed more than 13,300 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.
This press release contains "forward-looking statements" and involves known and unknown risks, uncertainties and other factors that may cause The Hackett Group's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, the ability of our products, services, or practices mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to retain existing business, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable due to the bankruptcy or financial difficulties of our customers, risks of competition, price and margin trends, foreign currency fluctuations, changes in general economic conditions and interest rates and our ability to obtain debt financing through additional borrowings under an amendment to our existing credit facility, as well as other risks detailed in our reports filed with the SEC. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.