Saves $120K annually by leveraging Seismic as intranet
Candice Blackburn — Vice President
98%
platform adoption within first year
11
content channels updated regularly
$112,000
annual savings
StepStone is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to some of the most sophisticated investors in the world. With US$313 billion of private markets allocations, including over US$72 billion of assets under management as of March 31, 2020, StepStone covers the spectrum of opportunities in private markets across the globe. The firm uses a disciplined, research-focused approach to prudently integrate fund investments across the private equity, infrastructure, private debt and real estate asset classes.
The challenge
StepStone was struggling to deliver effective, company wide communications due to the lack of a centralized communications platform. Communications were sent via email, and as a result, employees’ inboxes were inundated with clutter. Additionally , different teams’ content lived in multiple locations, making it difficult for them to find the resources they were searching for.
StepStone needed a centralized location to house all content and company announcements to more effectively distribute communications. They began their search for an intranet to solve these challenges. However, the team was faced with new hurdles when evaluating solutions, including the high price tag and the amount of time it would take to roll out a new tool, as well as the change management that would be required.
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Results
By leveraging Seismic’s NewsCenter, StepStone saved their organization the significant cost of building out an intranet solution. NewsCenter has become the single source of truth for all company communications, which enables their employees to easily access company announcements and resources. Additionally, teams such as HR, Marketing, and others can efficiently deliver communications to help market their internal offerings. StepStone’s strategic approach to rolling out this tool led to impressive adoption results. In just 30 days, they saw 86% adoption across the organization. After 1 year, adoption grew to 98%.
