News: Unit4 acquires Compright for its compensation planning solution


Unit4 acquires Compright for its compensation planning solution

With this acquisition, Unit4 extends the capabilities of its ERPx, the company’s next-generation smart ERP platform, by enabling organisations to automate the entire compensation process through seamless data integration and built-in analytics.
Unit4 acquires Compright for its compensation planning solution

Unit4, an enterprise cloud application for people-centric organisations, has acquired Compright, a comprehensive compensation planning solution with customers in over 40 countries. Headquartered in San Francisco, Compright was founded in 2017 by the current Head of Product Barkat Ali with Architect Debajit Saikia. The company delivers an intuitive and comprehensive compensation solution designed with mid-market customers in mind, particularly for those with more complex multi-national requirements. 

With Compright's solution and added capabilities, Unit4 aims to help firms handle the modern economy’s complex compensation requirements, including managing multiple locations, global workforces, and a wide range of currencies. 

"Compright perfectly complements and extends the combined power of ERP, HCM and FP&A to address the needs of those industries whose success depends on people and to adapt their businesses to the ‘new normal’’, said Unit4 CEO Mike Ettling.

Modern economies have undergone profound structural changes, marked by increased complexity and volatility. Alongside, human sensibilities have evolved too, prompting a reconfiguration of rewards and compensation that speaks harmoniously to the ever-changing employee expectations. As organisations relook at their compensation strategy and revise their plan for global and diverse workforce, they search for digital solutions and analytics that will help them take the right decisions. 

“Unit4’s focus on people-led services organizations and delivering modern cloud solutions that make the experience and value of work better fits perfectly with what we’ve set out to do,” said CEO of Compright Boyd Davis.

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Topics: Technology, Compensation & Benefits, #MergersAndAcquisitions

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