Industry news
Cascade HR reaches 1,000 customers HUMAN RESOURCES and payroll technology vendor Cascade HR (part of IRIS Software Group) has reached a significant milestone, with footwear retailer Pavers being its 1,000th customer to invest in the brand’s system. Launched to market in 2005, Cascade is the reinvigorated brand identity for Propath Software, a company that was first established in 1992. In 2014, Cascade became part of IRIS Software Group. As the largest privately-held software
company in the UK, a total of 2,300,000 people are paid through an IRIS payroll product; 83 of the country’s top 100 accountancy firms use IRIS; and 650,000 organisations use some form of an IRIS cloud application. Headquartered in Leeds but with offices throughout the country, Cascade HR currently employs 169 people – up 17% compared to this time last year.
Oliver Shaw, chief commercial officer of IRIS Software Group, commented: “Whilst many of the clients within our base are start-ups or emerging [small- to medium-size enterprises], we also support a number of household names and blue-chip firms with more than 10,000 staff. “But it’s also important to note that these customer numbers don’t include the businesses with 150 employees or less using our CascadeGo solution, which we brought into our suite following the acquisition of Octopus HR in 2016. When you factor in those figures – plus the clients we hold throughout IRIS as a group – 620,000 employees are managed with an IRIS HR solution.” HR systems and analytics RESEARCH CONDUCTED by Fosway Group, presented in partnership with SD Worx, a leading provider of global HR and payroll, reveals that HR professionals across Europe believe that though management and board members are in the main satisfied (or very satisfied) with their payroll and core/HR systems, they are much less satisfied with their HR analytics systems. The research also reveals that: ● 45% of companies are planning to increase investment in less than two years, growing to 65% within three years. This investment has been earmarked as being critical for success, with nearly all organisations surveyed (95%) agreeing that high-quality data and analytics are important to the future success of the business. David Wilson, chief executive officer of Fosway, said that “Good business analytics has become a core part of almost every business function, but adoption in HR has lagged other areas. “HR needs to really raise its game, but this will ● 76% of organisations are planning to increase investment in HR technology as a whole ● 68% of organisations identify HR analytics is the most common area for future investment
bring significant benefits to core processes too; from finding and retaining new talent, to improving internal processes and employee engagement. This impact will be felt business-wide.” Brenda Morris, vice president of SD Worx UK and Ireland, commented: “These figures show the increasingly important role that HR is playing in business. It’s clear from the survey that there is a real appetite to make improvements from both HR departments and key decision makers in businesses. While the investment into HR is welcomed, it still has its work cut out to get buy-in from the whole organisation in terms of using HR data and analytics business-wide. That is going to be the biggest challenge for HR departments over the coming years. But, if it’s done well, it will have the biggest impact”.
| Professional in Payroll, Pensions and Reward | May 2019 | Issue 50 12
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