Edinburgh, UK and Hong Kong; September 11, 2014 - NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, and Curo Compensation, a leading compensation planning application provider, today announced a new partnership that will enable organisations to manage employee performance and compensation via a single, integrated solution from two best-in-class products.
The partnership combines the highly scalable and secure CuroComp application with NetDimensions Performance, a state of the art performance management system that enables organisations to adopt an innovative, practical, and dynamic approach to ongoing talent management. CuroComp is a SaaS application that accommodates all complex compensation rules and structures, allowing enterprise clients to control their annual salary and bonus award allocations. NetDimensions Performance is available as Secure SaaS or on-premise, and it enables global enterprises in high consequence industries to make sure their employees are fit and proper for their job roles, by focusing on individual performance metrics and being evaluated continuously against these.
Alex Poulos, NetDimensions CMO, commented: "We see a great fit between NetDimensions and Curo. Both companies bring to market high-end products to solve some very difficult challenges for global organisations operating in complex environments. The integration between NetDimensions Talent Suite and CuroComp will be a great enabler to clients seeking a truly best-of-breed solution. We look forward to a successful partnership."
The combined solution provides an environment for mid- to large-size enterprises to assess employee performance in a meaningful way and implement pay-for-performance compensation plans. Linking pay to performance encourages a performance-driven culture and allows organisations to make better compensation decisions that drive business results. The combined solution is currently being implemented by the largest mobile telecommunications operator in the Caribbean.
Gerry O'Neill, Curo's CEO said, "This is a powerful combination - performance management and compensation. In implementing both modules as an integrated solution, clients can absolutely ensure a strong alignment of pay and performance and deliver consistency in compensation awards. The solution brings rigor, fairness and transparency to a critical but hugely challenging annual process for companies. NetDimensions has a great product suite and our compensation application is a natural fit for it."
Curo is also a Gold Sponsor for NetDimensions Next Steps, the annual global user conference for NetDimensions' clients. Next Steps is the must-attend event of the year for the NetDimensions' user community worldwide. This year's user conference will comprise of two events: one in Chicago on September 17th-18th and one in London on October 16th-17th. Curo will showcase CuroComp at the Product Expo Hall and O'Neill will participate in a product innovation session at both Next Steps events.
Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of learning, knowledge and performance management solutions to highly regulated industries.
NetDimensions provides companies, government agencies and other organisations with talent management solutions to personalise learning, share knowledge, enhance performance, and manage compliance programmes for employees, customers, partners and suppliers.
NetDimensions' solutions also include custom content and learning portal development services, as well as off-the-shelf course libraries and regulatory compliance courseware developed by NetDimensions' subject matter experts and content partners.
NetDimensions' award-winning solutions have been chosen by leading organisations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group, Fresenius Medical Care, tesa SE, and DB Schenker.
NetDimensions is ISO 9001 certified and NetDimensions' Secure SaaS practices are ISO 27001 certified.
Curo Compensation is a UK based, technology company in the compensation planning market. Curo has developed a web based (SaaS) application, CuroComp, for controlling annual salary and bonus awards within mid to large corporates. CuroComp is global in nature and can be configured to reflect the simplest through to the most complex compensation structures and rules.
Most companies find the annual compensation review cycle to be exhaustive, manual, time consuming and with a massive administrative overhead. After organisations implement CuroComp their review cycle is a much simplified with processes underpinned by rigour, fairness, transparency and absolute confidence in calculations and the underlying integrity of the data. Budget over-runs have been eliminated and compensation awards are now tightly aligned with performance.
Curo's clients include: London Stock Exchange, Clifford Chance, Markit and BUPA. The solution has been implemented for compensation reviews involving employees in over 45 countries covering 30 different currencies.
For more information visit www.curocomp.com.
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