Great American Financial Resources Inc. Signs Contract for Lawson Performance Management.Cincinnati-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company will use new application to speed and improve employee evaluation processes, enhance manager development initiatives ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- Lawson Software (Lawson Software, St. Paul, MN, www.lawson.com) A software company that specializes in ERP for vertical markets including health care, retail, public sector, professional and financial services. (Nasdaq:LWSN) today announced that Great American Financial Resources, Inc. (GAFRI GAFRI Great American Financial Resources, Inc. ) has signed a contract for Lawson Performance Management, part of the Lawson Human Capital Management suite. GAFRI will use the strategic human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. application to help speed its employee evaluation process, improve manager development initiatives, set measurable objectives for all workers and align employee performance with company goals. With headquarters in Cincinnati, GAFRI is one of the nation's leading diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services companies. Its insurance subsidiaries provide annuities, supplemental insurance and life insurance through licensed, independent agents and representatives. GAFRI has been a Lawson Human Capital Management customer since 1999. "Employees like to work in places where they are continually challenged to grow and develop their competencies," said Loree Hollander, GAFRI's human resources director. "Lawson Performance Management provides us with a tool for building programs that are more honed to our organizational needs. Having the capability to give employees concrete, measurable objectives against which they're evaluated will help them understand how their daily work impacts our bottom line." Lawson Performance Management provides an objective and comprehensive way to measure employee goal attainment and the specific behaviors that impact an employee's overall performance. As a result, an organization is able to directly relate employee behaviors to goals and help employees increase their level of goal attainment. The software uses technology and research from global HR consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Personnel Decisions International (PDI PDI Protein Disulfide Isomerase PDI Personal Docente e Investigador (Spanish: Personal Educational and Investigating) PDI Pre Delivery Inspection PDI Professional Development Institute ) for the performance measurement functionality. GAFRI will use the online performance management tool to expedite performance evaluation Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return processes and give all employees a common review framework. The organization will use the application's GoalView and reporting components to measure both the results of employee performance and how those results are achieved. The reports will then deliver rich feedback for employee development as well as stacked rankings to give managers meaningful performance appraisal Performance appraisal, also known as employee appraisal, is a method by which the performance of an employee is evaluated (generally in terms of quality, quantity, cost and time). results and guide future organizational talent management decisions. GAFRI also will use the application's 360 degree performance feedback feature to enhance its manager development initiatives. The feature will allow employees to provide confidential feedback on their manager's performance and will help GAFRI better determine areas for improvement. "Lawson Performance Management helps companies determine the best ways to improve employee performance," said Larry Dunivan, vice president of Global Human Capital Management Products, Lawson Software. "By determining how to best invest in and develop their workforce, companies like GAFRI can provide better working environments for their employees while ensuring overall business success." More than 1,000 companies use Lawson Human Capital Management applications to automate administrative HR processes and help HR staff focus on more strategic, value-added employee initiatives. Lawson Human Capital Management applications provide organizations with the information they need to maximize workforce potential, while helping HR leaders contribute to organizational excellence with applications that directly support business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . For a demonstration of the Lawson Human Capital Management suite, please visit www.lawson.com/hcmdemo, and for an overview and demonstration of the Lawson Performance Management application, please visit www.lawson.com/lpmdemo. About Lawson Software Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , Customer Relationship Management, Manufacturing Resource Planning Manufacturing Resource Planning (MRP II) is defined by APICS as a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning in dollars, and has a simulation capability to answer , 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. Forward-Looking Statements 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 ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. 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 Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries; increased competition and other risk factors listed in the company's most recent Quarterly Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release. |
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