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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Cegedim    CGM   FR0000053506

CEGEDIM (CGM)

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Cegedim : Restalliance picks Cegedim SRH to revamp its HRIS

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05/23/2017 | 06:06pm CEST

Disclaimer: This is a free English translation of the PR issued in French, only provided for the convenience of English readers

PRESS RELEASE

Restalliance picks Cegedim SRH to revamp its HRIS

The TEAMSRH solution will give Restalliance, the French leader in catering and accommodation services for the health sector, a more powerful tool to manage payroll and HR

for its 2,400 employees

Boulogne-Billancourt, May 23, 2017 Cegedim SRH, an innovative provider of Cloud HR and outsourced HR services, announces that it has been chosen by Restalliance, to modernize the company's HR processes and payroll management for its 2,400 employees spread out over 500 sites.

Restalliance is in the midst of a major decentralization effort and also wants to digitalize its HR processes, which has led it to seek out a comprehensive, scalable and more user-friendly HR solution. In addition, the company had grown to the point where its previous system was failing to keep up and was increasingly unreliable, and thus could no longer meet its needs with respect to up-to-date legal compliance, local autonomy and multi-contract management.

A critical decision for an ambitious project

After seeing what various software publishers had to offer, Restalliance chose the Processing version of Cegedim SRH's TEAMSRH solution.

"Cegedim SRH offered us the best fit, as well as a scalable product that can grow with us. We are working together to revamp our HRIS, and Cegedim SRH's teams are there when we need them, playing an advisory role that goes above and beyond just supplying the solution," emphasizes Jean-Stéphane Haddad, HRIS Project Manager at Restalliance.

The goal of the TEAMSRHproject is to simplify, automate and enhance the security of decentralized payroll and HR administrative management processes. By modernizing these processes, Restalliance group will be able to make each of its sites more autonomous and enhance its HR and Payroll teams' management capacity by allowing planning on site. TEAMSRHis a powerful tool that helps companies navigate their growth and changing regulatory requirements.

Step-by-step transformation

"A solution combining powerful payroll tools with a range of integrated services will move us closer towards our goal of harmonizing and simplifying our processes, and will act as a catalyst for all of the company's cross- functional activities," adds Estelle Convert, Head of Payroll and HRIS at Restalliance.

The revamp accompanying the adoption of the TEAMSRH tool, which began in January 2017, aims to have payroll processes up and running by the end of 2017, and will roll out a TAM (Time and Activities Management) tool and a collaborative portal during the course of the year, followed by Training and HR planning tools in 2018. The Cegedim SRH solution offers Restalliance an array of modules that can be put into play as the company's outlook evolves and its needs change.

Cegedim 137 rue d'Aguesseau, 92100 Boulogne-Billancourt Tel: +33 (0)1 49 09 22 00

www.cegedim.com

Public company with share capital of 13,336,506.43 euros SIREN 350 422 622

R. C. S. Nanterre B 350 422 622 Page 1

PRESS RELEASE

"We are pleased to be a part of this ambitious project to modernize Restalliance group's HRIS. Our collaboration demonstrates the appeal of an integrated, scalable offering for companies with multiple locations that need both centralized steering of processes and highly decentralized information sharing, which is possible thanks to our client portal," notes Rémy Souzy, Business Engineer at Cegedim SRH.

About Cegedim SRH:

Cegedim SRH is a prominent player in the market for HR solutions and services. The company has more than 25 years of experience in HR outsourcing. Present in France and Switzerland, Cegedim SRH has a client base that includes national and international companies in every sector of the economy, ranging from mid-market firms to large corporations.

To learn more, please visit: www.cegedim-srh.fr

About Cegedim:

Founded in 1969, Cegedim is an innovative technology and services company in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs more than 4,000 people in 11 countries and generated revenue of €441 million in 2016.

Cegedim SA is listed in Paris (EURONEXT: CGM). To learn more, please visit: www.cegedim.com

And follow Cegedim on Twitter, @CegedimGroup, and LinkedIn

Aude Balleydier Cegedim

Media Relations and Communications Manager

Tel.: +33 (0)1 49 09 68 81

[email protected]

Sheïma Maftouh Cegedim SRH

Marketing & Communication Tel.: +33 (0)1 49 09 29 56

[email protected]

Diane-Morgane RABUAT PRPA Agency

Media Relations

Tel.: +33 (0)1 46 99 69 63

[email protected]

Follow Cegedim SRH:

Follow Cegedim:

Page 2

Cegedim SA published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 16:05:13 UTC.

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Financials (€)
Sales 2017 468 M
EBIT 2017 32,5 M
Net income 2017 19,7 M
Debt 2017 229 M
Yield 2017 1,64%
P/E ratio 2017 18,07
P/E ratio 2018 12,40
EV / Sales 2017 1,31x
EV / Sales 2018 1,22x
Capitalization 384 M
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 24,3 €
Spread / Average Target -11%
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Jean-Claude Labrune Chairman & Chief Executive Officer
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Laurent Labrune Director
Aude Labrune-Marysse Director
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