South Africa-Based Fast Forward Finance Selects SuccessFactors’ Professional Edition for Small and Mid-Sized Businesses

LONDON--(BUSINESS WIRE)--SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand performance and talent management solutions, today announced that Fast Forward Finance, one of South Africa’s fastest growing asset finance specialists, has selected SuccessFactors’ Professional Edition to align employee goals and performance, improve organizational visibility of staff performance and assessment reviews, and help create a performance-based service culture within the company.

Fast Forward Finance is an asset based finance sales specialist that helps organizations obtain sufficient asset finance to grow their business. Headquartered in Pretoria, with offices throughout South Africa, Fast Forward Finance provides a wide range of asset based finance and related products/services.

“We wanted to find an effective means of cascading corporate goals to managers and help them gain alignment and better visibility into the performance of their direct reports, which is why we selected SuccessFactors Professional Edition,” said Derek Gerber, managing director for Fast Forward Finance. “We plan to use SuccessFactors to help create a performance-based culture within the company. The structured processes that SuccessFactors’ Professional Edition provides will give us a competitive advantage in our market by empowering us to proactively better manage our talent. We can also grow the application and use of other modules as our requirements expand.”

Fast Forward Finance will be deploying SuccessFactors’ Professional Edition to 20 staff over the coming weeks. The SuccessFactors suite replaces the company’s previously existing manual processes, which were both time consuming and made it difficult for management to gain a holistic perspective of ongoing employee performance.

Andy Leaver, vice president of sales for EMEA at SuccessFactors, added, “Fast Forward Finance is our first SMB customer in South Africa, and is part of our ongoing expansion throughout the region. SuccessFactors’ Professional Edition will enable the Fast Forward management team to cascade and effectively communicate the strategic goals of the business, as well as the ability to gauge performance benchmarks. The flexibility of the SuccessFactors platform enables us to support organizations of all sizes to harness high return on investments in their talent with a comprehensive, on-demand Performance & Talent Management suite.”

SuccessFactors’ SMB offerings – Professional Edition for organizations up to 500 employees, and SuccessPractices for organizations with up to 2,500 employees – bring enterprise-class best practices to small and midsize businesses. The Web-based, Software-as-a-Service technology model enables SMBs in all industries to cost-effectively implement the technology without the need for extensive IT support. By providing real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their employee base.

About SuccessFactors, Inc.

SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,140 customers and 4 million end users today, SuccessFactors' solutions are widely deployed across 60 industries in over 185 countries in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.