ST. PAUL, Minn., Sept. 29, 2010 – Lawson Software (Nasdaq: LWSN) today announced the general availability of Lawson Talent Management, Version 3.4. The new version of the Lawson Talent Management software suite brings new enhancements and functionality to help organizations enhance their overall efficiency and effectiveness while providing tools that can help improve insight into key performance data about their personnel. Version 3.4 is now generally available globally. Lawson introduced the new version at the HR Technology Conference & Expo, which opened today in Chicago.
Lawson Talent Management is a software suite within the Lawson Human Capital Management System. It helps organizations optimize their workforce by combining the only best-of-suite talent management software with core human resources applications. Lawson Talent Management provides organizations with greater insight into their workforce, delivering tools that help improve performance review activities. Ultimately, the software suite delivers actionable information about an organization’s staff in a way that can better support its overall business strategy.
In Version 3.4, Lawson Talent Management provides added functionality that helps address three key areas of importance for organizations: efficiency, effectiveness and insight.
- Efficiency: The new version helps automate many core talent management processes and improve how HR and employees work with the system. It also better supports internationalization and localization with country-specific features that can help multinational organizations better collect and manage information based on an employee’s geographic location. Enhancements also make it easier for HR professionals to configure specific features to simplify how they use the software. Finally, Lawson Talent Management brings greater efficiency through more robust position description features.
- Effectiveness: Lawson Talent Management Version 3.4 allows managers to work in Microsoft Outlook, rather than having to learn a new interface. Outlook is familiar to most managers, which allows them to be more comfortable working with the new software system. The new version also simplifies proxy management, which means managers can more readily delegate work to colleagues or their direct reports through a simple Proxy Management Interface. Finally, the new version helps improve the candidate experience by streamlining processes relating to finding job openings and filling out applications.
- Insight: Version 3.4 offers a “starter kit” from Personnel Decisions International (PDI). The kit offers one of PDI’s eight leadership competency models at no charge with the Lawson Global Human Resources application. This can help organizations get started on a solid competency framework focused on leadership and key behaviors that organizations want to instill in employees. In addition, the new release provides more robust performance appraisals based on position descriptions. This helps align performance reviews with the specific roles of individual employees. Finally, Lawson Talent Management now delivers “percent fit” calculations, which provide a graphical and numeric assessment of how employee skills align with organizational roles. This helps make it easier to see where employees may fit best within the organization and helps strengthen career mapping.
Lawson customers Hillsborough County Public Schools and J.R. Simplot Company are among the first Lawson customers live on new version of Lawson Talent Management. Lawson issued separate news releases detailing these customer stories today, which can be found at www.lawson.com/hrtechmedia.
“The enhancements in this new version of Lawson Talent Management are based, in large part, on feedback we’ve received from our customers,” said Larry Dunivan, senior vice president of Human Capital Management Products for Lawson. “We continually work with our customers to enhance the value they receive through our products with updates that address real-world HR challenges. Lawson Talent Management helps make our customers stronger by aligning their talent management activities with their business objectives.”
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in equipment service management and rental, fashion, food & beverage, healthcare, manufacturing & distribution, public sector (United States), service industries, and strategic human capital management across 40 countries. Lawson Software is a global provider of enterprise software, services and support to customers primarily in three sectors: services, trade and manufacturing/distribution. Lawson’s solutions include Enterprise Performance Management, Human Capital 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. For Lawson’s listing on the First North exchange in Sweden, Remium AB is acting as the Certified Adviser.
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 uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; the impact of foreign currency exchange rate fluctuations; continuation of the global credit crisis; 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 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.