WORKFORCE MANAGEMENT, EMPLOYEE BENEFITS
PRnewswire | May 31, 2023
WorkAxle, a leading provider of workforce management (WFM) solutions, and TalenTeam, SAP Gold Partner and Human Experience Management expert, are proud and excited to announce a strategic partnership. This collaboration aims to empower organizations in Europe and the Middle East with cutting-edge solutions that optimize workforce management processes and drive operational efficiency.
WorkAxle's commitment to customer success and innovation has positioned the company as a trusted partner of major human capital management (HCM) platforms. By joining forces with TalenTeam, a recognized leader in workforce transformation and deep SAP SuccessFactors expertise, WorkAxle expands its reach into the European market while delivering exceptional solutions tailored to the unique needs of organizations in the Middle East.
"Our partnership with TalenTeam marks an exciting milestone in our journey to simplify workforce management and enable businesses all around the world to focus on their core operations and growth," stated Luc Hédou, Chief Executive Officer at WorkAxle. "By collaborating with TalenTeam, we are now able to offer organizations in Europe and the Middle East easier access to our innovative Time & Attendance, Scheduling, Leave & Absence, and Community solutions."
TalenTeam brings its extensive expertise to the partnership. As a reseller, TalenTeam will provide implementation, support, and ongoing services for WorkAxle's WFM solutions in Europe and the Middle East, ensuring organizations receive exceptional support throughout their digital transformation journey. Their local presence in the Middle East ensures that businesses in the region receive personalized assistance tailored to their specific requirements, further strengthening the value of WorkAxle's WFM solutions.
The strategic partnership between WorkAxle and TalenTeam merges their strengths and expertise to drive the digital transformation of workforce management in Europe and the Middle East. By leveraging WorkAxle's innovative solutions and TalenTeam's deep HR transformation knowledge, organizations can optimize their workforce management processes and achieve operational efficiency, paving the way for growth and success.
About TalenTeam
TalenTeam, SAP Gold Partner, empowers organizations with transformative HR solutions that fuel growth, inspire innovation, and elevate the employee experience. With an unwavering passion for excellence, TalenTeam has successfully transformed HR in over 100 organizations across the globe. TalenTeam is recognized for its high degree of product knowledge and strong experience of providing HXM implementation, training, and support services. Harnessing the power of cutting-edge technology, TalenTeam's award-winning apps and extensions fulfil unique business requirements and quip clients with the tools to stay ahead in the dynamic business landscape.
About WorkAxle
WorkAxle is a leading provider of comprehensive workforce management solutions, empowering organizations to streamline their workforce management processes and drive operational efficiency. A modern and modular enterprise WFM platform that is extensible, future-proof, and quickly deployable at scale and with a commitment to innovation and customer success, WorkAxle offers tailored solutions that cater to the unique needs of large enterprises in various industries. WorkAxle WFM is available on the SAP store, providing SAP customers with a reliable and scalable solution that can adapt to their unique needs.
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COMPENSATION MANAGEMENT, PAYROLL
PRnewswire | June 01, 2023
Nium, the leader in real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium's payroll solution simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack.
In addition to expanded network and currency coverage in Canada, Africa, Middle East, Latin America, and Asia Pacific, new enhancements to this offering include:
Foreign Exchange (FX) Transparency: Allows for end-to-end FX control, which includes transparent costs with a single clear FX markup and one low per-transaction fee to help manage costs at scale. With this, clients can schedule bulk conversion for ease and control, lock FX rates to manage FX fluctuation, and configure fees at the customer level for flexibility;
Beneficiary Pre-screen and Confirmation of Payee: Minimizes potential returns with verified payee information and keeps the payment process quick and smooth;
Scheduled Payouts: Enables clients to disburse payments to their workforce on a certain date. Provides predictability to their clients' employees on when to expect to receive their salary payouts;
Direct Debit in the US, UK, and EU: Provides the ability for platform clients to pull funds from their customers' primary bank accounts into their Nium wallet to fund payroll payouts, this improves cash flows and reduces friction.
The global payroll outsourcing market was pegged at $9.9 billion in 2021, according to U.S.-based Allied Market Research. Growing at a CAGR of 7.2% from 2022 to 2031, the market is expected to reach $19.5 billion – making it one of the largest and fastest growing opportunities in global payments. The need to hire at scale across borders is rapidly becoming a key competition for companies. But, adding remote workers adds significant cost and complexity to payroll operations, simplified by the growing number of third-party payroll platforms. Specifically, 80% of companies believe that transparent foreign exchange rates are important for payroll providers. By making Nium's fees transparent, its clients can have more control over their finances.
"Global payroll is complex," says Robin Gandhi, CPO of Nium. "Every country has different regulations, including tax laws, employment laws and data privacy laws which make the compliance process tricky, and that's what payroll platforms do best. However, getting money to every employee or contractor on payday in their preferred account, on-time, and across multiple geographies is not easy. With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don't have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them."
"We trust Nium to move funds reliably, quickly, and compliantly around the world and across different corridors," said Matt Redler, CEO and Co-founder of Panther. "We consider their payroll solution a trusted component of our engine. Specifically, their transparent FX capabilities allow us to price our FX revenue stream in a competitive way. We're excited about Nium's payroll enhancements and our continued partnership."
Nium's payroll solution goes beyond the ordinary, offering a comprehensive suite of products to empower global payroll platforms and businesses to seamlessly onboard, transact and manage payroll for employees and contractors worldwide, including competitive FX, built-in compliance, real-time payments, security offerings, zero-deduction wire transfers, and multiple market coverage. However, the company understands that payroll is not merely a transactional process; it is mission critical money movement that holds the power to impact lives and it's important to have a partner businesses can trust. By leveraging Nium's global payment platform, platforms and businesses can put their trust in Nium while they focus on growing globally with improved operational efficiency and exceptional customer experience.
About Nium
Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.
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HR ANALYTICS, WORKFORCE MANAGEMENT
PRnewswire | May 30, 2023
HiBob, a leading provider of HR technology solutions and the company behind HCM 'Bob', is proud to announce that it has been honored with four prestigious HR Tech Awards by Lighthouse Research & Advisory, in acknowledgement of its exceptional contributions to the industry.
HiBob's innovative HR platform has been recognized as the Best Global Solution for Core HR, along with accolades for Best Midsize Business-Focused Solution, Talent Analytics, and Best DEI-Enabling Solution.
The HR Tech Awards, presented by Lighthouse Research & Advisory, highlight companies and solutions that demonstrate unparalleled excellence in human resources technology.
HiBob's achievement as Best Global Solution for Core HR underscores its commitment to helping customers tackle the complexity associated with fast-paced international or multisite growth, as well as providing comprehensive, flexible, and scalable HR solutions on a global scale.
HiBob also received the award for Best Midsize Business-Focused Solution for Core HR/Workforce offering tailored and user-friendly tools that enable midsize businesses to effectively manage their HR operations and drive strategic growth.
Ben Eubanks, Chief Research Officer, Lighthouse Research & Advisory says: "When you think about midsize organizations, you probably think about flexibility. Some of these organizations are just growing beyond the threshold for small companies while others may have a few thousand staff. In that case, it's critical to have HR technology that can adapt and support a variety of needs and stakeholders. HiBob has built that solution, and it's working for thousands of midsize employers around the world.'
Accreditation for Talent Analytics highlights HiBob's advanced people data capabilities, which enable organizations to identify trends, predict future needs, and optimize their workforce for maximum productivity.
Lastly, HiBob's win in the Best DEI-Enabling Solution category pays homage to its commitment for fostering diversity, equity, and inclusion across all levels of the workforce.
George Rogers, Chief Culture Officer, Lighthouse Research & Advisory comments: "A very unique and innovative UI creates a welcoming environment that inspires people to build great working relationships and stay connected to the company. With Hibob's DE&I dashboard, you can examine company trends in the areas of diversity, equality, and inclusion, spotting where your company excels and where improvements are necessary. Impressive work!'
The HR Tech Awards serve as a testament to HiBob's ongoing commitment to innovation, client satisfaction, and the advancement of HR technology.
"We are truly delighted to receive four esteemed HR Tech Awards from Lighthouse Research," said Ronni Zehavi, CEO of HiBob. "These accolades affirm our dedication to delivering innovative and impactful HR solutions that address the evolving needs of organizations worldwide. We are proud to support our clients in their digital transformation and the enhancement of their HR practices."
About HiBob
HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform 'Bob'. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game changing, user-friendly tool that touches every employee across the business.
Today more than 3,000 global companies, including Cazoo, Extreme Reach, Fiverr, Happy Socks, Monzo, The&Partnership, and VaynerMedia, trust Bob to streamline their processes, make data-driven decisions, and create exceptional employee experiences. Organizations using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee engagement.
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