Ultimate Software, a provider of cloud-based human capital management services has inked a deal with NetSuite, a vendor of ERP cloud services, which will see the two companies integrate their software.
The two companies will integrate the UltiPro HCM solution and NetSuite’s ERP suite, which will enable joint customers to manage a broader chunk of their business lifecycles –financials, supply chain, CRM, payroll, HR, and talent management.
“By connecting UltiPro’s rich HR, talent, and payroll capabilities to NetSuite’s suite of ERP applications, Ultimate and NetSuite offer businesses the ability to manage their entire spectrum of business technology needs through two of the most trusted cloud vendors in the world—while enjoying industry-leading functionality, scalability, and configurability—without requiring point solutions for different business applications,” said Scott Scherr, chief executive officer of Ultimate.
“Not only are both our solutions leaders in cloud business technology, but our commitment to culture and service to customers is highly aligned. We’re excited to bring this partnership to the market,” Scherr said.
Zach Nelson, chief executive officer of NetSuite said: “The combination of Ultimate’s robust HCM functionality together with NetSuite’s system of record for core operational processes provides our customers with a tightly integrated solution to run the core aspects of their business.”
The move suggests cloud ERP vendors are looking to double down on beating the large incumbents at their own game. The SAPs and Oracles of the world have long found that combining ERP and HR platforms make them more attractive to some large enterprises, so any move to bring end-to-end integration of these services in the cloud space will likely be welcome news to born-in-the-cloud firms that are also keen on de-risking their supply chains with multiple vendors.