2006-12-18 Cornerstone Brings World-Class Performance Management to Small Businesses with Cornerstone Office Edition
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Leader in On Demand Talent Management Extends Enterprise Class Solutions to
Support Small Business Success

Santa Monica, CA – December 18, 2006 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services for the enterprise, today announced the availability of Cornerstone Office Edition which provides enterprise class talent management to growing businesses with 25-500 employees.  Cornerstone Office Edition includes automated performance reviews, goal management, compliance training and online reporting for better, faster, and more efficient management of employee performance. Delivered as an on-demand solution, Cornerstone Office takes the complexity and risk out of choosing a Performance Management System and puts the power of Fortune 500 best-practices in the hands of small business.

 

“All companies regardless of size find the process of managing employee performance reviews to be a challenge.  Small organizations in particular often lack the resources to invest in an automated solution to help streamline the process,” said Adam Miller, President and CEO, Cornerstone OnDemand.  “Cornerstone Office Edition enables organizations as small as 25 people to easily and effectively manage employee performance, align goals with corporate strategy and support employee growth and development.”

 

As a hosted solution, Cornerstone Office enables small businesses to quickly implement enterprise class performance management without the complexity and costs associated with packaged software deployments.  With no software to install and no lengthy customization work required, small businesses can reap the benefits of Cornerstone Office in just a few days—without sacrificing functionality. Cornerstone Office features subscription-based pricing and a flexible, modular design, making effective performance management simple and affordable. 

 

Key capabilities of Cornerstone Office include:

 

Cornerstone Performance Reviews – Cornerstone Office delivers organizations an automated, self-configurable performance review process that matches their current needs and can change to meet evolving future needs.

 Immediately follow best practices in performance reviews

Generate cumulative review forms, including periodic and annual reviews

Automate distribution of review forms based on hire dates or fiscal calendar

Provide higher organizational visibility through comparative score reports

Create custom performance reviews with configurable workflows to optionally include employees, managers, indirect managers and peers

 

Cornerstone Goal Setting – Cornerstone Office offers the most sophisticated goal management toolset available, allowing organizations to align their organizational structures and workforce to achieve business objectives. The Cornerstone Performance Balanced Scorecard frames the organization’s goals with four perspectives: financial, customer, internal processes, and personal learning and growth objectives. Key features include:

 

Monitor individual performance relative to goals

Automate SMART goal tracking and reporting

Ensure cross-company goal alignment

Provide continuous visibility

View KPI dashboards at every level

 

Availability and Information
Cornerstone Office Edition will be available in January 2007. Small organizations interested in learning more about Cornerstone Office Edition should call (310) 752-0200 or visit http://www.cornerstoneondemand.com.

 

About Cornerstone OnDemand, Inc.
Cornerstone OnDemand is the only proven provider of on-demand enterprise software solutions for talent management. The Cornerstone OnDemand talent management suite provides fully-integrated solutions for learning management, employee performance management, and succession planning along with over 30,000 online training titles and integrated tools for compliance and analytics. Cornerstone OnDemand's software is used by industry leaders such as Aon, Honda, Pearson, Pitney Bowes, Smith Barney and Washington Mutual to achieve organizational excellence.

 

For more information, please visit www.cornerstoneondemand.com.

Press Contact:
Michelle Haworth
Cornerstone OnDemand, Inc.
P: 310-752-0178
mhaworth@cornerstoneondemand.com

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