Press Release - August 18, 2016
Educational Testing Service Reinvests in Velocity to Manage Oracle PeopleSoft in the Cloud
Leading Nonprofit Outsources Payroll Services and Employee Service Center to Longtime Partner Velocity; Go-Live Completed Utilizing VCAMP™
CHARLOTTE, NC (August 18, 2016) -- Velocity Technology Solutions has announced that Educational Testing Service (ETS) has renewed its contract for application management of their Oracle PeopleSoft HR and Payroll application that is hosted in the Velocity Cloud. Velocity is also providing ETS with payroll services and an Employee Service Center. Educational Testing Service is the world's largest private nonprofit educational testing and assessment organization and has utilized Velocity’s services since 2011.
ETS receives a number of services as part of their agreement with Velocity. These include full payroll processing, check printing, tax processing and filing, wage garnishment services, escheatment and employee support via the Employee Service Center. Velocity is responsible for setting up and managing benefits offered to employees through the PeopleSoft system. Velocity also consults with ETS leadership offering guidance and best practice perspectives for their human resources and benefits organizations from a process and technology perspective.
Recently, Velocity completed a go-live for ETS’ PeopleSoft HCM upgrade from 9.1 to 9.2, including the implementation of a new Single Sign-On application using Oracle Access Manager. ETS’s upgrade was performed utilizing the Velocity Cloud Application Management Platform™ (VCAMP™).
“Working with ETS over the last few years has enabled our team to understand and address some of the unique challenges of their business model,” said Lori Ridgeway, Vice President of the PeopleSoft and BPO line of business for Velocity Technology Solutions. “ETS utilizes a cyclical workforce that can change depending on the time of year. They require a business partner that provides services and resources to align with a changing workforce. Our past experience with them helps us put the essential elements together in an optimal cost framework.”
While the existing contract was not set to expire, ETS and Velocity worked together to renew the contract well in advance of its expiration. “Our goal was to continue our relationship with Velocity,” said Jay Bayshore, Vice President, Treasurer for Educational Testing Service. “Velocity also structured the new contract so that we can realize savings in 2016. Over the years, the relationship has evolved in a positive way and we really see Velocity as our payroll department.”
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About Velocity Technology Solutions
Velocity Technology Solutions (www.VelocityCloud.com), a global enterprise application cloud services leader since 2003, delivers secure, fully managed environments spanning virtual private, public and hybrid clouds. The company’s portfolio includes application-focused cloud managed services, professional services, with data analytics and optimization solutions. Velocity’s expertise in managing leading ERP applications, leveraging the patent pending Velocity Cloud Application Management Platform, gives customers required availability, security, visibility and control at a reduced total cost of ownership. Velocity is headquartered in Charlotte, NC, with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global leader with private equity investments in leading, growth-oriented technology companies. For additional information on the firm and its entire portfolio, visit www.silverlake.com.
About Educational Testing Service
Educational Testing Service is the world's largest private nonprofit educational testing and assessment organization. ETS develops, administers and scores more than 50 million assessment tests annually in more than 180 countries, at more than 9,000 locations worldwide. In addition to assessments, we conduct educational research, analysis and policy studies and develop a variety of customized services and products for teacher certification, English language learning and elementary, secondary and postsecondary education.
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Velocity Technology Solutions