The Howdy Glossary

SuccessFactors is a versatile human resource management software platform that seamlessly integrates core HR functions like payroll and employee records with advanced features such as performance management, compensation planning, learning and development, recruitment, and onboarding workflows. The platform offers real-time analytics that enable strategic decision-making based on data insights. Additionally, SuccessFactors includes social collaboration tools designed to enhance employee engagement and teamwork.

The brainchild of Danish entrepreneur Lars Dalgaard, SuccessFactors was founded in 2001 with the goal of providing innovative HR solutions to organizations. In 2012, the company was acquired by SAP, one of the world's leading enterprise software firms. This acquisition significantly bolstered SuccessFactors' capabilities and expanded its global reach. Today, it serves as a comprehensive solution for organizations looking to streamline their HR processes while leveraging advanced analytics for better decision-making.

In a competitive landscape featuring players like Workday, Oracle HCM Cloud, ADP Workforce Now, BambooHR, and UltiPro, SuccessFactors distinguishes itself through its integrated approach combining core HR functions with additional features such as performance management and social collaboration tools. Its real-time analytics provide critical data insights for strategic planning while ensuring scalability across various organizational sizes and industries. With a user-friendly interface and mobile accessibility options, SuccessFactors remains adaptable to modern workplace dynamics—catering efficiently to the diverse needs of businesses worldwide.