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WorkforceLogic Wins Over Major Financial Services Customers

September 26, 2006
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SONOMA, Calif. --(Business Wire)-- WorkforceLogic, a workforce management software and services provider, today added to its impressive client roster four new customers in the financial services sector: the world's largest credit card membership organization, the world's most prestigious non-profit organization making low-interest loans to developing countries, one of the largest procurement and consulting companies with a $400 million annual spend, and one of the fastest-growing specialty banks in the Silicon Valley.



"The financial services sector is expanding rapidly and companies need to maintain profitability by properly managing their growing workforces," said Jeff Phelps, President of WorkforceLogic. "WorkforceLogic is helping these new customers manage their human resources as a strategic asset by giving them a technology platform to control their workforce spend and optimize their supplier contracts. In this way they can manage their own growth efficiently and in accordance with today's increasing regulations and compliance requirements."

The world's largest credit card membership organization and electronic payments network is using WorkforceLogic to manage HR compliance and payroll processes for non-qualified independent contractors, creating a solid risk mitigation system for engaging outsourced service providers.

The non-profit lending organization for making low-interest loans to developing nations is using WorkforceLogic to install an automated procurement process for hiring contingent workers. The WorkforceLogic platform provides greater visibility into the organization's annual spend in order to drive cost savings.

The procurement and consulting company is incorporating WorkforceLogic technology into its vendor-neutral Managed Service Provider (MSP) program. The company offers consulting in program design and implementation incorporating best practices in the sourcing and management of contingent labor.

One of the fastest growing specialty banks in Silicon Valley has implemented the full suite of WorkforceLogic solutions -- WorkforceLogic Enterprise, Compliance and Payroll -- to improve visibility into and control over their contingent workforce. They are using WorkforceLogic to create hiring process efficiencies and to mitigate compliance risk when using independent contractors.

These four new customers join the ranks of financial services industry leaders including Bank of the West and Europe's leading global financial services institution, who continue to use WorkforceLogic as a strategic tool for managing their growth and profitability by controlling their labor spend.

About WorkforceLogic

WorkforceLogic is an innovative workforce management company focused on risk mitigation, talent acquisition management and contingent workforce planning. As a professional advisor, we help our clients strategically manage their workforce acquisition process while managing costs and mitigating risk.

We help our clients create and execute an innovative strategy for managing the acquisition of their workforce that fits their budget, specific business goals and market response requirements.

Some of WorkforceLogic premier clients include Harley-Davidson, Brocade, Bank of the West, Hitachi Data Systems and Barclays Global Investors.

About the Nelson Family of Companies

The Nelson Family of Companies was founded in 1970 by Chairman and CEO Gary D. Nelson, and is headquartered in Sonoma, CA. According to Staffing Industry Analysts, the company has grown into the 64th largest staffing company in the United States and is the largest independent human capital solutions company in Northern California. This solid growth recently culminated in record revenues of $288 Million in 2005. The Nelson Family of Companies has been ranked as one of the "Best Places to Work" in the Greater Bay Area for the second year in a row according to an employee survey done by the publishers of the San Francisco Business Times and Silicon Valley/San Jose Business Journal.


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