MHR has announced that Jupiter Asset Management has selected iTrent to manage its people challenges. Investment firm Jupiter Asset Management will use the cloud-based HR solution for talent management, payroll and analytics.
Jupiter Asset Management is a UK centric operation with nearly 497 employees (2016 Report and Accounts). Of these, 71 are in the investment team who manage £46.9 billion assets (as of June 2017). It also has operations across several countries in Europe as well as the far East with a presence in Hong Kong, Singapore and Taiwan.
Jupiter went through an intensive selection process before selecting iTrent. They followed up reference visits with demonstrations, presentations and scenario based exercises to test that iTrent met their requirements. Andrew Robinson, Head of HR at Jupiter, commented: “From the outset we wanted to put in place an HR and payroll hub that would improve our employees’ user experience through automated workflows, notifications and self-service capabilities. Following a rigorous procurement process, MHR was able to demonstrate that it was best placed to meet our needs, offering a solution accompanied by a commitment to regulatory compliance. Jupiter looks forward to working closely with MHR as it exploits iTrent’s full capabilities.”
While iTrent does not appear to support payroll in many countries that Jupiter acts in, MHR has the capacity to support the organisation in them. It will probably utilise a partner network that spans 160 countries across the world.
The next step
MHR committed to some tight budget constraints and timescales on the project that might have ruled out some of its competitors. It will adapt its software to meet the requirements of Jupiters current processes. Another reason for Jupiter selecting MHR was the vision of innovation that it has embedded in the organisation. It fell short in the press release of what those future enhancements are though.
During the selection process the two companies clearly bonded which bodes well for the project ahead. Michael Harrison, Programme Manager at MHR said: “Working in partnership with Jupiter was an impressive process. They knew what they wanted, and our team knew that MHR had the solution, so an alignment between the two organisations quickly formed.”
It will be interesting to see what benefits Jupiter realise from the solution once it is implemented. It will be interesting to see how well that project goes.
What does this mean
Jupiter Asset Management is a well known brand. This win by MHR will help increase brand awareness of the company. Once implemented, assuming that Jupiter become a customer advocate MHR should gain more customers within the financial sector.
Anton Roe, CEO at MHR added: “We are delighted to welcome Jupiter to our expanding cloud community. Jupiter sees innovation and compliance as a key driver for their change, which is something we are committed to and passionate about at MHR. “
