HR System for Banks, Financial Institutions

A multinational bank was looking for a fully integrated human resources (HR) solution to replace its legacy system. To find the right solution, the company turned to TEC for an extended evaluation and selection project.

Starting with a list of eight qualified solutions, TEC issued requests for information (RFIs) to each of the vendors. Based on the RFI responses, the bank was able to compare the eight solutions and develop a shortlist of the three most promising ones for in-depth evaluation.

TEC also helped the bank prepare scripts for formal demonstration session—a key component of the final selection process.

Company Profile

  • Industry:  Bank
  • Annual Revenue Range:  $501 million to $1 billion
  • Company Size:  1,001 to 10,000 employees
  • Number of Sites:  41–100 sites
  • Approx. Num Of Users:  26–50 users
  • Region:  Latin America (Mexico, Central America, and South America) North America (Canada and the United States)

Project Profile

8 qualified bidders identified
8 RFIs issued

Working list:
  • Lawson - S3 Human Capital Management
  • NuView - HR product suite
  • Infor - SmartStream Human Resources and Payroll
  • SAP - euHReka, NorthgateArinso
  • TSL Group - HRp5
  • AFAS - Profit
  • STL - Hrplus Anywhere
  • Sapien - Sapien Software

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