HRchitect Tech Vendor News: Skillsoft Announces Agreement To Acquire SumTotal Systems

August 22, 2014

DUBLIN & NASHUA, N.H.–(BUSINESS WIRE)–Skillsoft Limited (“Skillsoft”), a pioneer in technology-delivered learning solutions, announced today that its subsidiary, Skillsoft Corporation, has entered into a definitive agreement for the acquisition of SumTotal Systems, LLC from affiliates of Vista Equity Partners (“Vista”), a U.S.-based private equity firm. Terms of the transaction were not disclosed.

Skillsoft has a long history of innovation and delivery of solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. The acquisition of SumTotal expands Skillsoft’s solution portfolio and global reach.

SumTotal provides flexible, next-generation human resources (HR) solutions to 3,500 customers and 49 million users worldwide including many of the Fortune 500. SumTotal’s Talent Expansion solution provides personalized learning and HR processes to organizations of all sizes.

“We’re very excited about the opportunity to bring together the experience and strengths of two proven leaders in the cloud-based HR solutions market,” said Skillsoft CEO Chuck Moran. “The integration of these complementary products – Skillsoft’s technology-delivered learning assets and SumTotal’s solutions for learning, talent and workforce management – will allow our customers to break new ground in implementing more comprehensive solutions for managing and expanding their workforce talent.”

“We are pleased to support the management team with such a significant and transformational transaction so soon in our tenure together,” said Frank van den Bosch, Partner at Charterhouse Capital Partners LLP, which acquired Skillsoft in April 2014. “Skillsoft’s acquisition of SumTotal brings together two of the most widely respected and experienced industry players and gives us the ability to present an exciting and compelling opportunity for the combined global customer base.”

“We look forward to joining the Skillsoft family,” said SumTotal CEO Hardeep Gulati. “This acquisition is a pivotal milestone in the 29-year history of SumTotal and a tremendous endorsement of our employees, as well as the differentiated solutions and services that SumTotal provides. I am very excited about the opportunity to provide more value to our customers, who now will benefit from a comprehensive content rich HR solution.”

“It has been our pleasure to work with SumTotal over the past five years to expand their portfolio of solutions and better serve their customers and the HR industry as a whole,” said Brian Sheth, President of Vista Equity Partners. “We are confident that SumTotal and Skillsoft together are well-positioned to deliver tremendous value to customers and we wish the company the very best during its next phase of growth.” As part of the transaction, Vista Equity Partners will maintain a small ownership stake in the combined company.

The closing of this transaction is subject to various conditions, including the expiration of the applicable waiting period under the Hart-Scott-Rodino Act.

Deutsche Bank Securities Inc. acted as exclusive financial advisor to Skillsoft. Committed financing for the transaction is being provided by Barclays, Morgan Stanley, Deutsche Bank and Credit Suisse. Simpson Thacher & Bartlett LLP acted as legal counsel to Skillsoft. Evercore acted as exclusive financial advisor to Vista. Kirkland & Ellis acted as legal counsel to Vista.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Randstad Sourceright Announces Upcoming Contingent Workforce Certification Program

August 18, 2014

Global Talent Leader Continues Partnership with Staffing Industry Analysts 

on Initiative to Educate the Market about 

Contingent Workforce Management Best Practices

ATLANTA, August 18, 2014 – Randstad Sourceright, a global talent solutions leader, today announced details of the next Certified Contingent Workforce Professional (CCWP) program available through the company’s partnership with Staffing Industry Analysts (SIA). The CCWP training program will be held Tuesday, August 19 and Wednesday, August 20, 2014 at the HYATT house in Atlanta, Georgia.

The first certification course of its kind available to HR, procurement and staffing professionals who manage contingent labor, the CCWP program was designed to assess and enhance participants’ knowledge of contingent workforce management practices and strategies and validate mastery of this area. Available to those in the talent acquisition field, the course is built around an intensive curriculum on key strategies for effective contingent workforce program management. Upon completion of the pioneering CCWP certification program, individuals will understand how to develop a contingent workforce program modeled after industry best practices and gain the insight necessary to help shape contingent workforce strategies into successful practices at their organizations.

Since the program’s inception, Randstad Sourceright has served as an original charter partner, leveraging its extensive experience in helping clients develop effective contingent workforce strategies to provide best practices and thought leadership to enhance the quality of the program. In addition, Randstad Sourceright assisted SIA with the creation and refinement of CCWP course content and delivered subject matter expertise.

“With the number of contingent workers on the rise, we partnered with SIA to help develop a comprehensive CCWP curriculum that provides the insight and strategies necessary to implement effective contingent workforce programs that meet today’s talent goals,” said Randstad Sourceright president of Managed Service Provider (MSP) and Contingent Workforce Solutions, Teresa Creech. “Randstad Sourceright is proud to continue sharing our global talent expertise through this training program and excited to help advance the practice overall.”

The CCWP program consists of nine key contingent workforce program management modules presented over a period of two days. In addition to the in-person courses, there is also an online class that follows a similar structure broken down into 11 modules. Following either course, attendees must pass an assessment conducted by SIA to be certified. For more information about the upcoming sessions, please visit: http://www.staffingindustry.com/Certification.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: WorkForce Software Reports 108 Percent Rise in SaaS Bookings, Strong Performance Through First Half of 2014

August 18, 2014

Company Reports Robust Growth as More Organizations Recognize

Benefits of EmpCenter, its Cloud Workforce Management Solution

LIVONIA, Mich. (August 12, 2014) – WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today announced details of its strong performance and robust growth achieved in the first half of 2014. During this time period, the company welcomed many new clients, received a majority investment and extended its lead in cloud-based workforce management solutions for large employers.

“WorkForce Software’s history is characterized by continued growth and improved year-over-year performance, and that trend continued through the first half of 2014,” said Kevin Choksi, CEO and co-founder of WorkForce Software. “We expanded our reach in numerous industries and formed several strategic relationships that enhance our position in a dynamic workforce management market.”

Sales Growth and Client Wins

Overall, WorkForce Software experienced substantial and sustained growth in the first six months of 2014, with total revenues up 48 percent over the same period in 2013, led by rapid adoption of EmpCenter®, the company’s enterprise workforce management suite. As a result, SaaS bookings have risen by more than double (108 percent) compared to the first half of 2013, and SaaS revenues have increased 77 percent over the same time period.

New clients represent large employers in a range of industries, including technology, healthcare, oil and gas, financial services, training and professional education, public sector and utilities. The company also had a strategic win in the European market, attracting a Switzerland-based global reinsurance company. WorkForce Software also cemented its leadership position in fatigue risk mitigation for the petrochemical industry, welcoming two new clients in this sector, a Canadian integrated energy company and a chemical company based in Louisiana.

Additional new clients added in the first half of 2014 include:

  • A national nonprofit organization committed to helping education institutions measure and improve learning outcomes
  • A global supplier of health care information technology solutions, services, devices and hardware
  • The most populous county in Illinois, providing services for more than 5 million residents
  • The eighth-largest church in the U.S.
  • One of North America’s most diversified construction companies, serving the building, heavy industrial, civil and infrastructure, mining, pipeline, power and communication sectors
  • A leading provider of semiconductor and system solutions for communications, defense and security, aerospace and industrial markets
  • A leading provider of secure portable storage solutions
  • New England’s largest utility system serving more than 3.6 million electric and natural gas customers
  • A national natural gas distributor serving over one million residential and industrial customers
  • An American natural gas utilities holding company
  • One of the oldest and largest medical providers in the Greater Cincinnati region
  • The State of Delaware, which became the second state to leverage EmpCenter across all state agencies

Industry Recognition

WorkForce Software’s rapid growth has been noticed by competitors, customers, industry analysts and the media alike. In particular, the company was recognized by Gartner as one of the four fastest growing vendors by Total ERP Software Revenue, Worldwide for 2013 outside the top 10, in the research firm’s Market Share Analysis: ERP Software, Worldwide, 2013 report, released on May 5, 2014.

Bill Kutik, leading independent analyst of the HR technology marketplace, commented, “Successful workforce management is more difficult than ever. Employers must not only have tools to automate key workforce processes like time and attendance and absence management, but also keep up with rapidly changing legislation and compliance. Many of the best-of-breed vendors, including WorkForce Software, also have critical workforce scheduling functionality, processes so large and complex that many broader HR tech vendors don’t even try to copy them in their Time & Labor modules.”

Holger Mueller, principal analyst and vice president of Constellation Research, Inc., commented, “Compliance demands, the enormous potential of cloud delivery and greater competition for top talent have led many organizations to rethink their workforce management processes. Regardless of industry, today’s organizations seek solutions that can automate key processes, such as time and attendance, absence management and scheduling, in order to remain competitive and minimize risk.”

Majority Investment

In April, WorkForce Software announced another strategic step to accelerate its next phase of growth. New York-based Insight Venture Partners assumed a majority equity position in the company, bringing substantial resources and a pedigree in cloud-based technology to the partnership with WorkForce Software. The investment and partnership with Insight Venture Partners serve to further fuel WorkForce Software’s global expansion.

Strategic Alliance

Another key to WorkForce Software’s success is its ability to partner with other organizations that extend and increase the value of its solutions and services. In May, the company announced its strategic alliance with Benefitfocus.com, a leading provider of cloud-based benefits software solutions. Through this partnership, WorkForce Software has joined the company’s app program, giving users of the Benefitfocus HR INTOUCH MARKETPLACE™ convenient access to EmpCenter.

Vision 2015

WorkForce Software recently announced details of its next user conference, Vision 2015. The event, which brings together workforce management professionals from numerous industries and countries, will be held April 19-22, 2015 at the Westin Lake Las Vegas Resort and Spa in Henderson, Nevada. Vision offers attendees a range of educational sessions covering crucial aspects of workforce management, including timekeeping, attendance tracking, scheduling and leave management.

Looking toward the Future

“The first half of 2014 has been quite eventful, and more large employers have recognized the value of our solutions and the expert, responsive service that you can only get from a company dedicated to workforce management,” said Choksi. “Combined with increasing industry recognition, the backing from Insight Venture Partners and an expanding partner network, this sales momentum enhances WorkForce Software’s role as a top provider of enterprise cloud solutions.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Hireology Raises $10 Million in Series B Funding from Bain Capital Ventures

August 18, 2014

-HR Technology Innovator Accelerates

Growth and Expansion into New Markets-

CHICAGO, IL. (August 12, 2014) – Hireology, the leading provider of employee hiring and selection management technology for multi-location organizations, today announced that it has raised $10M in Series B funding from Bain Capital Ventures.

Named the No. 1 Talent Management Platform in 2014 by HRO Today, Hireology leverages proprietary data and predictive analytics to help managers make the right hiring choice. Their flagship Selection Manager™ platform – a turnkey system that incorporates robust interview and selection tools; access to leading job boards; skills tests and personality assessments; and background screening – is used by over 1,500 customers globally across a variety of industries and business models including franchises, retail networks, dealer/distributor networks, financial services networks, physician groups and multisite manufacturers.

Mike Krupka, Managing Director of Bain Capital Ventures, led the funding on behalf of the firm and will join Hireology’s Board of Directors. Bain Capital Ventures invests in technology and technology-driven companies across all stages of development and has significant experience in HR application companies including Liazon, LinkedIn, SurveyMonkey and Taleo.

“In just a few years, Hireology has grown from a promising start-up into a major player in the HR technology field, providing easy-to-use talent management technology to organizations that previously did everything manually,” said Krupka. “Recognizing the strong growth potential of this company, we are excited to help Hireology expand and continue to bring much-needed innovation to decentralized hiring organizations around the globe.”

The proceeds from this investment will be used to accelerate Hireology’s customer acquisition and for continued investment in the development of proprietary analytics and technology to help field-based organizations transform their hiring processes.

“In a market that has traditionally focused on the administrative side of hiring, Hireology is unique in its mission to deliver better outcomes,” said Adam Robinson, Hireology co-founder and CEO. “Bain Capital Ventures has an unparalleled track record investing in disruptive HR technology. Mike and the BCV team bring their incredible experience and network to Hireology at precisely the right time.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Bullhorn Acquires The Code Works Inc. to Power Cloud-Based Data Integration and Intelligence

August 18, 2014

Bullhorn, the global leader in customer relationship management (CRM) software for the staffing and recruiting industries, today announced that it has acquired The Code Works Inc. – the makers of VMS Access, a cloud-based software product that integrates corporate procurement and vendor management systems (VMS) like SAP’s Fieldglass with CRM systems. VMS Access currently automates the data integration and workflow for filling job openings at over 350 of the world’s largest companies and enables staffing agencies to increase service levels, win more business, and improve productivity by reducing time-to-fill and data entry time.  As companies of all sizes migrate to SaaS-based services, Bullhorn will leverage The Code Works Inc.’s multi-national R&D team to develop integration solutions that will power new services enabling front office productivity improvements through the Bullhorn platform.

Key services offerings to be developed on the platform will include those for managed service providers (MSPs). Bullhorn currently provides client portals, candidate portals, and vendor portals to enable staffing agencies to act as MSPs or sub-vendors and operate different lines of business within Bullhorn, and the company will use The Code Works Inc.’s technology as a platform upon which to further develop technologies that enable agencies to operate and compete effectively in a world in which VMS usage is proliferating. The Code Works Inc. team’s much-valued industry knowledge in combination with considerable R&D resources from Bullhorn will help take Bullhorn’s existing MSP offering and accelerate it into an industry-leading suite of solutions to benefit staffing agencies of all sizes looking to capitalise on this rapidly-growing market.

Bullhorn acquires The Code Works Inc. as contingent labour demand is soaring thanks to increased globalisation, outsourcing, and the growing costs of hiring and retaining permanent employees. Addressing this trend, 70 percent of large buyers of temporary labour (including Fortune 500 companies) are now leveraging VMS solutions to streamline contingent workforce management. Spend flowing through VMS systems is growing at a rate of more than 20 percent per year – considerably faster than growth in overall staffing spend. The acquisition of The Code Works Inc. adds a proven, seamless integration between core recruitment system providers to enable agencies to take advantage of a market worth £24.1 billion in the UK alone.

“With this acquisition, we’re enabling companies to move their front office solutions to the cloud and to take advantage of Web-enabled services that power better decision-making and additional revenue opportunities,” said Art Papas, Founder and CEO of Bullhorn. “Bullhorn VMS Access will help drive Bullhorn’s growth in the VMS industry and beyond. This vendor neutral solution extends Bullhorn’s product portfolio and will allow us to develop new offerings to help improve customer productivity. Long-term, the Bullhorn VMS Access development team will help drive the development of Bullhorn’s data integration offerings, fundamental to our cloud-based Big Data offerings.  To drive better decision-making, companies are looking to integrate data from a variety of sources online; Bullhorn VMS Access will provide that engine for our customers.”

Jonathan Novich, Co-Founder and President of The Code Works Inc., will become Bullhorn’s new General Manager of Cloud-Based Integration Technologies. “I’m thrilled to be joining Bullhorn for several reasons,” said Novich. “First, they’re the clear market leader, so it makes good business sense to be aligned with them and to leverage their expansive resources to grow our offerings and provide better service to customers. Being a part of the Bullhorn family will enable rapid product expansion and accelerated platform development for customers of Bullhorn and The Code Works Inc. Beyond that, they have a strong vision for the future with Bullhorn providing a comprehensive set of cloud-based, front office services to help companies manage their customer relationships better. We’re excited to be part of that vision.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Take the Interview CEO Danielle Weinblatt Selected as a 2014 Workforce Game Changer

August 18, 2014

Company Co-Founder and CEO Recognized for Recruiting Industry Foresight and Continued Innovation 

NEW YORK (August 6, 2014) – Take the Interview, providers of the comprehensive cloud and mobile technology platform that solves the challenges of the interviewing process, announced today that company co-founder and Chief Executive Officer, Danielle Weinblatt, was selected by Workforce magazine as a 2014 Game Changer.

The fourth-annual Game Changers awards recognize those next-generation workplace leaders under the age of 40 who have proven themselves dedicated to the growth and success of the HR world. All nominees were judged on their professional accomplishments as well as their other achievements, with the winners selected by Workforce’s senior writers and editors.

“As a leader, Danielle pushes Take the Interview to think beyond the immediate in order to deliver interview management solutions that enable recruiters to better understand and engage with today’s top talent in order to improve hiring across their organization,” said Anthony Cintron, co-founder and Chief Technology Officer at Take the Interview. “The consummate problem solver, Danielle is the driving force behind TTI with business savvy and industry acumen needed to change the game. She is truly visionary.”

Weinblatt co-founded Take the Interview in 2012 after recognizing a number of inefficiencies in the interview process, including wasted time screening poor-fit candidates. Working to find a better solution for companies and job candidates alike, Weinblatt launched TTI to solve problems across the entire interview process by optimizing communication, standardizing processes, reducing complexity and streamlining workflow, regardless of the interviewing medium being used (video, phone, in-person). Dedicated to researching and developing solutions that solve companies’ complex HR and recruiting challenges, Weinblatt leads TTI as it transforms talent acquisition with its Interview Management Platform™, the only comprehensive cloud and mobile technology platform specifically developed to optimize the interviewing process.

A well-regarded thought leader in the HR technology space, Weinblatt is a sought after public speaker who recently appeared at #HRTechTank, the iRecruit Expo in Amsterdam and the South by Southwest (SXSW®) Conferences & Festivals. Weinblatt’s professional experience and business philosophies have also appeared in Forbes, Inc. magazine and The Huffington Post.

“It’s exciting to be named a Game Changer by Workforce magazine for my work with Take the Interview,” commented Weinblatt. “Having worked as a hiring manager, I understand the challenges associated with the talent acquisition process as well as the impact that a poor quality of hire can have on the bottom line, and it’s those problems that TTI aims to solve with our Interview Management Platform.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: SilkRoad Closes New Round of Growth Funding

August 13, 2014

Slated to Fuel Next Generation Products and Continued Customer Success

CHICAGO, IL – July 8, 2014 – SilkRoad, a leading global provider of end-to-end talent management solutions, announced today it has secured a new round of funding to bring its next generation of cloud-based products to market. Developed in close collaboration with customers, the fall release of SilkRoad’s Life Suite will be the industry’s most complete and integrated talent management suite.

“Our marquis investors continue to express a strong vote of confidence in SilkRoad’s business, and the marketplace overall,” said John Shackleton, President and CEO of SilkRoad. “The next generation of our integrated talent management suite includes unique features that will make it even easier for our customers to build high caliber teams by attracting, developing, and retaining top talent.”

According to IDC, the worldwide human capital management (HCM) market is forecast to reach $15.4 billion in 2018, growing at a CAGR of 8.2%. Much of this growth is being driven by rapid changes that are occurring across the human resource spectrum, from talent acquisition through talent development and core HR management. These innovative offerings are making it easier for businesses of all sizes to solve many of the challenges that traditional software cannot address.

“SilkRoad is in a rapidly growing market with a proven management team that has a track record of building market-leading companies,” said Warren Weiss, General Partner of Foundation Capital, a leading SilkRoad investor.

The company is set to release the next generation of the SilkRoad Life Suite in the fourth quarter of 2014.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: PeopleMatter Named Top 20 Most Promising HR Tech Solution Providers by CIO Review Magazine

August 13, 2014
Annual List Of Top Solution Providers Just Announced

CIO Review has selected PeopleMatter for its annual list of the “Top 20 Most Promising HR Tech Solution Providers.” PeopleMatter was recognized for its complete set of mobile, workforce solutions and business analytics tools for the hourly workforce that connect processes, employees and customers in entirely new ways. The nomination also focused on PeopleMatter’s passion to build the best software in the world and the company’s belief that people matter. PeopleMatter is the largest provider of workforce management technology specifically designed for the service industry.

“PeopleMatter has been on our radar for some time now for stirring a revolution in the HR space, and we are happy to showcase the company this year due to their continuing excellence in delivering top-notch technology-driven solutions,” said Harvi Sachar, Publisher & Founder of CIO Review. “PeopleMatter continued to break new ground within the past year benefiting its customers around the globe, and we’re excited to have them featured on our top companies list.”

PeopleMatter continuously innovates and adds new products and functionality to the PeopleMatter Platform™, helping restaurant, retail and hospitality companies better hire, train and schedule their employees. Already in 2014, new innovations include:

  • PEOPLElytics – the first and only business analytics software product on the market that connects business and people analytics to drive better decisions. Available in beta now, PEOPLElytics uses actionable analytics and interactive data visualization to make big data both accessible and meaningful. Executives can drill down into their company’s data to answer specific questions about their operations, see specific metrics impacting overall success and make proactive, informed business decisions.
     
  • Mobile Optimization – the future of employee hiring for the service industry, which hires a large percentage of smartphone-savvy Millennials. PeopleMatter’s new mobile-optimized job applications redefine the job application experience on smartphones and tablets with location functionality, save features and mobile-optimized workflows. A true mobile-optimized experience, the job application is designed to adjust to the specific layout and functionality of any mobile device, with a one-thought-per-screen layout and faster, shorter assessments.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Saba Provides Selected Fourth Quarter and Fiscal Year 2014 Financial Metrics

August 13, 2014

Record New Cloud Bookings Drive Over 100% Year-Over-Year Growth in the Fourth Quarter

Redwood Shores, Calif., July 14, 2014 – Saba (OTC Pink: SABA), a global leader in next-generation cloud solutions for talent management, today provided an update on its business momentum and its progress on the restatement of historical financial results.

“Saba ended fiscal year 2014 with very strong bookings growth in the fourth quarter and we plan to build on that momentum in fiscal year 2015,” said Shawn Farshchi, President and CEO, Saba.  “New cloud bookings during the last three quarters of fiscal year 2014 grew 75% over the last three quarters of fiscal year 2013, culminating in record fourth quarter new cloud bookings.  We experienced strong growth in all geographies, in our small and medium sized business markets, and in our behind-the-firewall to cloud migrations.  With an adept talent management sales team, a growing pipeline, and a robust demand environment, we believe we are well positioned to deliver new cloud bookings growth in excess of 30% in fiscal year 2015.”

While the Company is not yet in a position to report detailed financial results for its fourth quarter and fiscal year 2014, ended May 31, 2014, as a result of its pending restatement of certain historical financial results, the Company is providing the following selected financial metrics that are not expected to be impacted by the restatement:

  • New cloud bookings (annual contract value) grew over 100% in the fourth quarter of fiscal year 2014 as compared to the fourth quarter of fiscal year 2013.  Fiscal year 2014 new cloud bookings grew 25% over fiscal year 2013.
  • 47 new customers were added in the fourth quarter for a total of 174 new customers in fiscal year 2014.  New customers in the fourth quarter included Bank of New York Mellon,  Northwestern University, George Washington University, Blue Care, Availity, Alestra Mexico, Sony Mexico, Kyowa Hakko Kirin Co., and Shutterfly.
  • 16 customers signed to migrate their talent solution from behind-the-firewall to Saba Cloud in fiscal year 2014; seven in the fourth quarter.  Customers include Intel, Network Appliance, Allina Health System, American International Group, URS Corporation, Bose, and the City of Houston.
  • Cloud renewal rates were 90% in the fourth quarter and 89% for the full fiscal year 2014.
  • Cash and cash equivalents were $27 million (after payments in the fourth quarter of fiscal year 2014 of approximately $3 million associated with the accounting review and restatement and approximately $1 million associated with non-recurring items) and total debt was $69 million at May 31, 2014.
  • Cash flow from operations was $2 million for the fourth quarter of fiscal year 2014 (excluding approximately $3 million associated with the accounting review and restatement).

With over 21 issued or pending patents, Saba continues to strengthen its leadership as one of the world’s most innovative and unified talent management providers.  Saba introduced its Spring 2014 Release, during the fourth quarter of fiscal year 2014, making Saba Cloud more engaging, intelligent, and extensible.  Key innovations across the Saba Cloud Platform include:

  • Learning@Work — introduced remote video proctoring and multiple levels of approvals with support for serial and parallel approval flows
  • Performance@Work — developed To-Do-List that allows employees and managers to group annual development plans into smaller accomplishable goals with various deadlines
  • Collaboration@Work — created the concept of “rooms” where users can aggregate all their session content and meetings in one place
  • Recruiting@Work — added granular approval workflow and approval reminder notifications
  • Architecture and Foundation — enhanced Marketplace by adding seamless integrations to OpenSesame and HireRight to our diverse ecosystem of third-party application partners that include Workday, Salesforce, Microsoft, Monster, LinkedIn, and TalentBin

As previously announced, we are currently working towards completing the audits of prior periods and fiscal year 2014 and anticipate regaining SEC compliance during the fourth calendar quarter of this year.  We plan to hold an annual meeting of stockholders as soon as practical after regaining compliance with the Company’s SEC filing requirements.

Conference Call
Saba will host a teleconference call and live webcast today, Monday, July 14, 2014, commencing at 5:00 p.m. Eastern Time, to discuss its business momentum and its progress on the restatement of historical financial results.  To join the call, please dial +1.800.230.1092 or +1.612.288.0337.  The access code for the conference call is 329942.  To listen to the live webcast, please go to the Investor Relations page of the Saba web site at http://investor.saba.com and click on the Live Webcast icon.

A replay of the conference call will be available shortly after its conclusion.  The replay dial-in number is +1.800.475.6701 or +1.320.365.3844.  The access code for the conference call replay is 329942.  The replay can also be accessed from the Investor Relations page of the Saba web site at http://investor.saba.com and will be available through August 14, 2014.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Cornerstone OnDemand Adds Etsy CFO Kristina Salen to its Board of Directors

August 12, 2014

SANTA MONICA, Calif., July 9, 2014 Cornerstone OnDemand Inc. (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced that Kristina Salen, chief financial officer of online marketplace Etsy, has been elected to Cornerstone OnDemand’s board of directors effective as of July 8, 2014.

Salen has served as chief financial officer of Etsy, an online marketplace, since January 2013. From January 2006 to January 2013, Salen served in several roles at Fidelity Investments, one of the largest mutual fund and financial services groups in the world, including as global sector leader of media, internet and telecommunications. Salen holds a B.A. in Political Science from Vassar College and an M.B.A. from Columbia University.

“Having first led investments in many of today’s foremost technology companies, and now as a leader in one of the fastest growing consumer Internet companies, Kristina is a strong financial and operating executive with a solid understanding of today’s technology landscape,” said Adam Miller, president and CEO of Cornerstone OnDemand. “I am very pleased to welcome Kristina to our board of directors and am excited to work with her to continue Cornerstone’s innovation and growth.”

“Cornerstone has continually strengthened its position not only as a leader in the talent management market, but also in the broader technology space. I look forward to supporting the company’s success in driving innovation and empowering the new world of work,” commented Salen.

In connection with Salen’s election, Byron Deeter, partner at Bessemer Venture Partners, resigned from Cornerstone OnDemand’s board of directors, effective as of July 8, 2014. Miller commented, “Byron has been a fantastic advisor, partner and friend in helping us build a world-class technology company. We want to thank Byron for his invaluable insights and wish him continued success as an incredibly accomplished venture investor.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Comprehensive Logistics Calls on ADP® to Assemble Top-Notch Solution for its Human Capital Management Needs

August 12, 2014

World-Class Logistics Provider and Pre-Assembler, Serving Critical Role for U.S. Auto Industry, Enlists ADP Vantage HCM® to Benefit Employees

ROSELAND, N.J. – July 24, 2014ADP®, a leading global provider of Human Capital Management (HCM) solutions, today announced that Comprehensive Logistics Inc., a premier provider of highly efficient, engineered logistics services for complex supply chains, has awarded the company a contract to deliver an integrated HCM solution based on ADP Vantage HCM®.

Comprehensive Logistics, a new client to ADP, signed on for payroll, benefits, HR, and time and labor management as part of its flexible deployment of ADP Vantage HCM. The company is involved in critical “just-in-time, just-in-sequence” material flow and pre-assembly work for the U.S. auto industry, including brakes, radiators, roof assemblies, match-painted mirrors and more. Their finished products are delivered to auto manufacturers and relied upon for the timely construction of thousands of autos daily. The company also has diversified with recent moves into transportation management services and recent wins in industries outside of the automobile sector.

Stephen Halloran
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Stephen Halloran, director of HR for privately owned Comprehensive Logistics, said the company was drawn by ADP’s combination of technology and process expertise in making its decision.

“The service layer ADP delivers was very important to us,” said Halloran. “If we didn’t have that, we’d have to add an empire of HR professionals, and that wasn’t realistic. I wanted well-trained HR professionals and needed these people ready to hit the ground running, so if we have an issue, we can get it addressed in real time. I’ve gotten that with ADP.”

“We’re pleased that Comprehensive Logistics is trusting us with this most critical role that focuses on the people who help them succeed,” said Mark Benjamin, President of Global Enterprise Solutions at ADP. “Comprehensive Logistics plays a critical part in today’s complicated global auto industry. I’m delighted that, once again, a client as important as Comprehensive Logistics has chosen our service expertise and proven technology to help drive their success.”

Halloran said the employee mix that contributes to his company’s success required a partner with the insights and skills needed to ensure timely and efficient distribution of information – and of critical payroll. Comprehensive Logistics has a combination of hourly and managerial employees in eighteen facilities in Illinois, Kansas, Michigan, Ohio, and Ontario, Canada. The company also plans to launch new operations in Tennessee and Illinois.

“We are a fourth-generation company, with a heritage of trying to ‘do the right thing’ by our employees,” Halloran said. “So we needed a solution that made sense for the company, and for the more than 1,400 people who work here.

“With our prior vendor, we saw lots of turnover on the client-facing team and not a lot of strategic direction that helped us continuously improve,” Halloran said. “Now, with ADP, I like how we have a dedicated service team. Our ability to scale our business with ADP is great.”

Halloran said ADP’s expertise in the complicated area of compliance also contributed to his decision.

“The Affordable Care Act is a great example,” he said. “That weighed heavily on our decision, along with dependent verification service and tax credit services. A lot of arrows get fired toward my team on any given day. Now, we have the technology and expertise to bat them down with our partners.”

Halloran said the single platform and integrated solution that are part of ADP Vantage HCM also weighed into the decision. “I prefer to think that we have one hand to shake for a job well done,” he said. “ADP has become a good business partner with us.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: ADP Earns Top Honors from Frost & Sullivan for its Product Line Strategy and Efforts to Help Clients Succeed with Human Capital Management Solutions

August 12, 2014

Frost & Sullivan Calls ADP a ‘Services Company with Robust Software’;
Praises Company’s ‘Globally Available, Cloud-Hosted, Unified HCM Suite’

ROSELAND, N.J. – July 8, 2014ADP®, a leading global provider of Human Capital Management (HCM) solutions, today announced that it has received the highest award possible from global industry analyst firm Frost & Sullivan, which presented ADP with its 2014 North America Product Line Strategy Leadership Award for HCM.

Frost & Sullivan’s award is based on several criteria critical for any company’s success in the HCM marketplace:

  • Breadth of product line.
  • Size of addressable customer base.
  • Impact on customer value.
  • Impact on market share.
  • Breadth of applications/markets served.

It cited strong progress ADP has made across a broad client base, from large enterprises in need of integrated HCM solutions to midsized companies in need of flexible and dynamic solutions to companies of all sizes looking for compliance answers in complex marketplaces.

“ADP has responded to these diverse company needs with a product line strategy that has tremendous breadth,” said Brendan Read, industry analyst at Frost & Sullivan.  “Through hosting, flexibility, scalability and up-front affordability, ADP’s solutions cover practically every HCM and HR facet, including outsourced and HR personnel and talent acquisition.  And ADP’s solutions are global, enabling companies to have and manage divisions and teams of highly talented workers worldwide.”

ADP, for its part, expressed appreciation to its more than 60,000 employees around the world who maintain a vigilant focus on helping clients address some of their most critical business challenges focused on their own people.

“This award is a testament to the relentless focus the people of ADP bring to delivering world-class service and technologies to clients of all shapes and sizes,” said Carlos Rodriguez, President and Chief Executive Officer of ADP.  “It’s also a testament to the clients with whom we work, and validates the trust they have put in us to help them succeed 365 days a year.”

To download a copy of the Frost & Sullivan report, please click here.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Global Automotive Manufacturers Accelerate Innovation with Kronos

August 4, 2014

CHELMSFORD, Mass., July 21, 2014 – Global automotive manufacturing brands such as Ford, Jaguar, Mitsubishi, Renault-Nissan, and Volkswagen are increasingly turning to workforce management solutions from Kronos Incorporated to meet innovation and cost demands. In fact, the majority of the Forbes Top 10 global automakers are Kronos customers.1

News Facts

  • Today’s automotive manufacturers – from parts suppliers to original equipment manufacturers – are more actively looking for ways to control labor costs, minimize compliance risk, and improve workforce productivity to support innovation efforts and maintain competitive advantage. Automotive manufacturers around the world use Kronos workforce management solutions to achieve these benefits by more effectively managing labor, their largest controllable expense and biggest competitive differentiator.
  • The Kronos suite of workforce management solutions helps manufacturers across the global automotive supply chain drive operational efficiencies by:
    • Reconciling payroll to direct and indirect production hours, demonstrating actual labor costs across plant operations;
    • Creating schedules that optimize labor resource utilization, minimize equipment downtime, and reduce reliance on unplanned overtime;
    • Providing real-time visibility into shop floor labor activities – from manual processes and production cells – to assembly lines; and
    • Streamlining compliance efforts by automatically enforcing union work, pay, and scheduling rules while accurately tracking policy, performance, and safety infractions.
  • Automation of critical workforce management processes ultimately helps automotive manufacturers optimize efficiencies and drive higher levels of innovation and growth.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect

 


HRchitect Tech Vendor News: HealthcareSource Recognized as “Great Place to Work in Healthcare”

August 4, 2014

Company momentum continues with recognition from leading healthcare publications and solution provider  

Woburn, MA –  July 1, 2014 HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, announced today that it has achieved industry recognition from healthcare industry leaders Becker’s Healthcare, Healthcare Informatics, and Kronos Incorporated.

HealthcareSource Named to Becker’s 150 Great Places to Work in Healthcare
Becker’s Healthcare develops its “150 Great Places to Work in Healthcare” list through nominations and editorial research. The 2014 list was expanded to include healthcare providers — medical groups, ambulatory surgery centers, hospitals and health systems — along with other types of healthcare-specific companies, such as consulting firms, health IT vendors, medical societies and more. The 150 organizations, including HealthcareSource, were chosen for their robust benefits, wellness initiatives, commitment to diversity and inclusion, professional development opportunities and work environments that promote employee satisfaction and work-life balance.

HealthcareSource Ranked Among Healthcare Informatics 100
The Healthcare Informatics 100 listing provides a unique information resource and financial overview of vendors active in the healthcare IT market. Each year Healthcare Informatics ranks the 100 vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year. HCI 100 is among the many accolades HealthcareSource has achieved for consistent revenue growth.

HealthcareSource Receives Healthcare Partner Recognition Award
Kronos Incorporated, the global leader in workforce management solutions, recently presented HealthcareSource its Kronos Connect Program partner recognition award for healthcare. Based on the integration of Kronos Workforce HR® and the HealthcareSource® Quality Talent Suite℠, healthcare organizations of all sizes can benefit from a comprehensive workforce and talent management solution.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: HireRight’s 2014 Health Care Report Reveals Slower Job Growth and Employers’ Common Screening Program Gaps

July 29, 2014

IRVINE, Calif., June 27, 2014 – Health care hiring is expected to increase this year, but at a slower pace than last year, according to HireRight’s Health Care Spotlight, a subset of its annual Employment Screening Benchmark Survey.

HireRight, a leading provider of global background checks, drug and health testing, and electronic Form I-9/E-Verify solutions, today announced the release of the 2014 Health Care Spotlight, which identifies screening practices, major trends in employment background checks, and common gaps in the screening programs of health care organizations.

The report indicates a slower job growth rate is anticipated in 2014 even though increased hiring will continue. While almost two-thirds of health care organizations (67%) reported they expect to hire and increase the size of their workforce this year, this is down seven percent from the 2013 report, reflecting a decreased rate of hiring.

“Patient care is the top priority for health care organizations, therefore hiring the highest quality, most reliable professionals is critical. Employment screening, professional license verifications, and federal and state sanctions checks are important steps to help improve security, provide exceptional care, ensure compliance with laws and regulations, and mitigate liability risks,” said Chuck Hammel, director, account management and health care solutions lead at HireRight. “These priorities are reflected in the top benefits reported by respondents – better quality of hire, improved regulatory compliance, more consistent safety and security, better company reputation, and greater employee retention.”

The Health Care Spotlight also reveals several common screening program gaps that many health care employers may face.

  • Meeting only minimum medical sanctions checks: A significant compliance gap may occur when medical sanction checks are not performed frequently enough. Less than one-third of respondents (30%) checked lists monthly, 25% screened lists once a year, 12% checked quarterly, 4% checked less than once a year and 30% screened at other intervals. Some states are requiring more frequent sanction screening. For example, the New York State Office of the Medicaid Inspector General has provided updates and guidance to organizations to run monthly sanction checks on existing staff. Ongoing monitoring helps ensure organizations are notified when an individual appears on a sanction list and that they are in compliance with potential changes in the required frequency of checks.
  • Not conducting recurring screening: Less than one-third of respondents (31%) reported re-screening employees with no status change and 39% re-screen employees only when they’ve had a status change. This indicates the majority of respondents are not re-screening employees at all. This gap poses the danger of missing significant changes to criminal status, sanctions status, or other issues that may arise during an individual’s employment.
  • Neglecting drug testing: Although screening to verify licenses is required in the health care industry, drug and alcohol testing isn’t generally required by law, although some states are introducing legislation to try to change this. In fact, only 54% of respondents conduct drug and alcohol testing. As a result, nearly half of respondents may leave themselves vulnerable to increased employee absenteeism, lost productivity, and above all, risk to patients and the potential liability related to drug-related damages.
  • Forgetting to screen the non-employee workforce: Most respondents (59%) do not screen the non-employee extended workforce, including contingent or temporary workers, volunteers, and vendor representatives. A HireRight study found that extended workforce applicants were 94% more likely to have a felony record than permanent-hire applicants and approximately 50% more likely to have a misdemeanor record or drug history . A best practice for health care providers is to ensure appropriate screening of non-employee workers as well as employees.
  • Overlooking global screening: Today’s health care employment market is afflicted by a shortage of skilled staff and an intense competition for talent. It’s common for organizations to recruit applicants who have lived, been educated, and worked globally. However, only 6% of respondents indicated their organization conducts global checks to verify candidates have the foreign education and experience they claim and that they don’t have any criminal history from other countries that would cause a security and liability risk.

In addition to these common pitfalls, the Health Care Spotlight explores many other issues, including the use of social media in recruiting and screening in the medical sector, common screening challenges, how screening is integrated into talent management systems, and the frequency and process through which screening programs are reviewed and revised.

Health Care Spotlight
The Health Care Spotlight is a subset of data collected from the 2014 HireRight Employment Screening Benchmark Report, an extensive survey of talent management, human resources, and security professionals on topics related to employment screening. The Spotlight asked specific questions of the survey respondents that identified themselves as part of the health care industry. The complete report is available here.

HireRight Health Care Background Checks
HireRight serves more than 2,000 health care organizations with more than one million annual screens. Available screening services and cost-effective packages help facilitate organizational and regulatory compliance, and exclusive communication tools improve applicant satisfaction. Our expertise in integrating screening solutions with application tracking systems (ATS) delivers unmatched efficiency. For more information, go to www.hireright.com/healthcare.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


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