CPO Rising’s Technology Round-Up returns today with another assortment of contingent workforce management (CWM) solution-provider news and updates from the past month to share with our community. If you are a sourcing, procurement, or spend management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Field Nation Introduces New Matching Algorithm Solution
Field Nation, a Freelancer Management System (“FMS”) technology provider, recently announced a new matching algorithm that will recommend service field contractors to its clients. The matching algorithm uses data sets to identify the best service provider based on variables like past performance, client rating, proximity, and a client’s job requirements. This should help clients mitigate risk and gain access to quality talent in an expedient way. Field Nation is applying machine learning techniques to their data and the Artificial Intelligence (AI) algorithms will then identify a predictive quality for each service provider. The algorithms will then be able to suggest different service providers to Field Nation clients, based on scores that meet certain requirements set by the client. This should ensure that each client get faster access to the top quality talent they are looking for.
The Adecco Group Acquires Vettery
The Adecco Group, a global HR services firm with headquarters in Switzerland, recently announced the acquisition of Vettery, a digital professional permanent recruitment marketplace. Vettery, which was launched in 2014 in New York, offers an online recruitment platform where job candidates can browse offers, schedule interviews with potential employers, and even receive a signing bonus from Vettery when they take a job. This acquisition will help with Adecco’s staffing & solutions business, and should compliment their suite of digital HR platforms. It will also help accelerate the development of Adecco’s digital strategy, and help broaden their offering into the digital permanent recruitment market. Vettery founders Brett Adcock and Adam Goldstein will continue to lead the business within the Adecco Group, and they will look to leverage the Adecco Group’s domain knowledge, data, and client relationship, to accelerate Vettery’s expansion into international markets. Financial terms of the acquisition were not immediately disclosed.
twago Launches Talent Management System
twago, a Randstad-owned freelancer marketplace platform, recently announced the launch of a talent management system called “twago enterprise.” This talent management system offering is a software as a service (SaaS) solution that can fully integrate into existing Vendor Management System (VMS) and Managed Service Program (MSP) processes. Internally, twago enterprise will act as a direct sourcing channel for twago customers, and will not require hiring managers to learn a new systems or even decide the type of employment contract is needed when posting a requisition.
Provade Acquired by Smart ERP Solutions
Smart ERP Solutions, a provider of a cloud-based smart onboarding platform, recently announced the acquisition of VMS provider, Provade Inc. This acquisition aligns with Smart ERP’s growth in providing cloud-based solutions and services for Human Capital Management (HCM), Services Procurement, and VMS, all on a common Oracle technology platform. Provade offers an Oracle ecosystem focused enterprise class VMS for contingent workforce management, and will look to leverage the Smart ERP technologies, resources, and customer relationships to accelerate the delivery of their solution. The terms of the acquisition were not immediately disclosed.
Yoh Acquires Maxsys Solutions
Yoh, an international talent and outsourcing company, and a subsidiary of Day & Zimmerman, has recently announced the acquisition of the Texas-based specialty IT recruitment firm, Maxsys Solutions, LLC. The transaction will also include Maxsys Financial Solutions, LLC, which is a separate finance and accounting brand. Maxsys Solutions, which was founded in 2007, delivers staffing solutions to clients looking for IT skill sets. This includes application development, business intelligence, project management, and web development. Maxsys Financial Solutions provides clients with professionals in finance and accounting skill sets. This acquisition will help expand Yoh’s specialty staffing practice, and continue their commitment to providing focused recruiting solutions for their clients. Financial terms of the acquisition were not initially disclosed.
Post Script: Are you free March 15 at 2 PM EST? If so, Ardent Partners’ VP of Research, Christopher J. Dwyer, will be delivering a free, half-hour webinar discussing the results from his annual benchmark research report, The State of Contingent Workforce Management 2018: The Convergence of Talent, Technology, and the Future of Work (report available for download here). It’s free to attend. Simply click this link to register!
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