“Can a diversified holding company standardize HR and payroll infrastructure across 13 subsidiaries on a single HCM platform to eliminate redundancy and recover costs?”
Steel Partners is a global holding company that historically managed HR and payroll in a decentralized, subsidiary-by-subsidiary manner. The lack of standardization led to inflated point-solution spend, complex vendor management, and inefficient processes. The company pivoted to a unified HCM strategy by adopting ADP Lyric HCM across all 13 subsidiaries, realizing significant cost savings and productivity gains documented in a Nucleus Research ROI case study.