New Orleans, LA and Bethlehem, PA - May 23, 2005 - (WorldatWork Annual Conference, booth #446) - PeriscopeIQ™, a provider of web-based business and compensation intelligence solutions, today announced version 4 of its Salary Management System (SMS). Version 4 significantly enhances many capabilities of the SMS, which is already the most powerful, versatile and flexible compensation management system on the market today.
PeriscopeIQ acquired the SMS technology from Mellon Human Resource & Investor Solutions, a Mellon Financial company, late last year. Since the technology acquisition, PeriscopeIQ has been focusing on developing the product further, supporting its existing customers and maintaining the quality of the product and relationships.
“We were impressed with the comprehensiveness of Mellon’s SMS,” said Dr. Pawan Singh, co-founder and chief architect, Intellectual Capital at PeriscopeIQ. “Its richness and uniqueness comes from the fact that, unlike many other solutions that are technology driven, SMS was initiated and driven by compensation experts with a deep knowledge of the compensation space. As a result, SMS has a rich array of closely-integrated tools and solutions with a deep level of embedded expertise. It fits very well with our other HR-related solutions, providing the necessary intelligence for our clients to make sound business decisions. Since our acquisition of SMS we have enhanced the manager self-service functionality, provided additional reporting features and improved the overall functionality.”
“Having used the SMS product for several years, I have found it to be an invaluable resource for managing compensation processes,” said Chris Highfield, senior solutions architect at ACS. “PeriscopeIQ’s release of version 4, with its enhanced functionality and added flexibility, further solidifies SMS’ applicability for companies searching for intuitive software to use in managing pay decisions.”
Some companies using PeriscopeIQ SMS include: Apache Corporation, AXA Financial, Baker Hughes Inc., Banner Health, Blue Cross Blue Shield of S.C., Boston Scientific, Bowne & Co., Cooper Cameron, Depository Trust & Clearing Corp., Flowserve Corporation, Geisinger Health System, Halliburton, Houston Community College, Smith/MI Drilling and Westlake Chemical Corporation.
PeriscopeIQ SMS integrates all the information needed from salary surveys, employee records and job data to empower companies to make the right salary management decisions – quickly and reliably. The fully integrated compensation solution includes job documentation, benchmarking, market pricing, measurement, valuation, salary planning, manager self-service and other data analysis tools.
PeriscopeIQ has further enhanced the value of SMS by developing a companion website for the software. The site, accessible through http://sms.periscopeiq.com, provides a variety of additional tools, information, training and other resources to SMS clients.