Solution ensures accuracy of employee data,
helping Global Heads of HR execute Human Capital Management initiatives more effectively
Cambridge, UK – 16 July 2010 – Compliance and data management specialists, Datanomic, today announced the availability of its dn:Director for HR solution, designed specifically to assist Global Human Resources (HR) Directors and their teams to quickly and easily resolve errors in their employee data and build an accurate ‘Single View of Employee’ (SVE). Bringing data from multiple discrete and often incompatible systems, the SVE created by dn:Director for HR ensures fit-for-purpose data underpins the organisation’s business critical applications, such as Enterprise Resource Planning (ERP), Talent Management (TM) and Human Capital Management (HCM), maximising system ROI, talent retention and employee performance.
A large enterprise recognises that the success of its HR initiatives rely heavily on the accuracy of its employee data, including name, National Insurance/Social Security number, benefits and tax coding, compensation and job title details. Data can be highly fragmented, held in multiple systems across an organisation, in differing formats, can be structured or unstructured, owned and maintained by individual business units or the IT department. As a consequence, often there is a lack of overall employee data visibility or a ‘single view’, which can lead to a myriad of costly and time-consuming complications for the enterprise, potentially resulting in misallocation of resources or financial irregularities such as staff overpayments.
dn:Director for HR provides a complete data management solution tailored to the needs of the HR team, with pre-configured tools allowing them to quickly take control of their employee data and create a consistent and accurate SVE. Built on the core capabilities of Datanomic’s award-winning dn:Director software – which saw Datanomic prestigiously ranked as ‘Visionaries’ in the latest Gartner Magic Quadrant for Data Quality Tools – the solution de-risks HR migration and HCM initiatives by ensuring they are utilising fit-for-purpose data. dn:Director for HR’s extensive, configurable and auditable data management capabilities also ensure the HR team is compliant with enterprise-wide data governance programmes, industry regulations or compliance legislation. The solution can work simultaneously with data from multiple sources across the enterprise, standardising it into a uniform format before automatically identifying and resolving duplicated entries or errors, such as missing National Insurance/Social Security numbers or a mis-match of bank account and sort-code details.
dn:Director was recently deployed by Royal Mail Group, one of the UK’s largest employers, who worked closely with Datanomic to profile and standardise the quality of its employee data – approximately 200,000 individuals – almost 1% of the entire UK working population.
“If HR Directors believe that the implementation of an HCM solution alone would address the issues associated with effectively managing employee data, they are missing a trick,” said Jeremy Lovett, Vice President, Data Management Applications Division for Datanomic. “One of the most fundamental challenges of any enterprise system initiative is the preparation of data, to ensure that it’s accurate and fit-for-purpose. Without such effort, many of the results generated by the system could be unreliable, potentially jeopardising the entire initiative. Our new solution provides a one-stop-shop for profiling, analysing and transforming data in a collaborative way to ensure HR data records are complete, helping HR departments to fully maximise their internal talent, whilst the web-based reporting of dn:Dashboard allows real-time response to report requests from the lines of business.”
To celebrate the launch of dn:Director for HR, Datanomic is offering the chance for HR Directors to request a free 90-minute QuickStats Workshop to gain an initial insight into the state of their employee data, and how to improve its fitness-for-purpose. To request a QuickStats Workshop, HR Directors should complete the request form on the Datanomic website at: www.datanomic.com/quickstats. The company is also offering webinar introductions to the solution, registration for which can be made via the company’s website.
About Datanomic
Datanomic’s flagship enterprise Compliance Screening and Data Management software, dn:Director, helps organizations to improve compliance performance, better manage business risk, save money, streamline business processes and seize more opportunities, by identifying and eradicating problems in customer, financial and product data. Headquartered in Cambridge, UK, with offices in New York, USA, and Singapore, Datanomic was founded in 2001 and is backed by DN Capital. www.datanomic.com
For further information, please contact:
Jeremy Jones
Datanomic Ltd
Tel: +44 (0) 1223 228418
Email: jeremy.jones@datanomic.com
Vanessa Land
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
Email: vanessa@devonshiremarketing.com