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!
With the Digital Network, SAP Fieldglass Widens Multi-Channel Talent Management
Crowdstaffing, InterviewJet Partner with Beeline
Bullhorn Announces Pair of Acquisitions, Talent Rover and Jobscience
Scout Exchange Receives $100 million in Funding
SmartRecruiters Goes to Market with Intelligent Recruiting Assistant
With the Digital Network, SAP Fieldglass Widens Multi-Channel Talent Management
SAP Fieldglass, the Chicago-based provider of complex spend management solutions in the cloud, announced earlier this month the release of its Digital Network that will connect enterprises to a wide array of non-employee talent sources. Early channel partners include Catalant, freelance.de, Genesys, MBO Partners, Shiftgig, TalentNet, TalonFMS, The Data Incubator, and twago Enterprise. Users will be able to use the Fieldglass platform to source talent through these partners, which ought to enable them to quickly scale resources or find specialized talent fast. Eventually, users will be able to use the platform and the array of channel providers to perform a wider range of contingent workforce management duties, such as: workforce analytics, planning, sourcing, supplier qualification, onboarding, time tracking, payroll, taxes, invoicing, compliance management, HR management, learning management, and offboarding.
Crowdstaffing, InterviewJet Partner with Beeline
Beeline, one of the world’s largest providers of VMS technology, announced partnerships with cloud-based talent management providers, Crowdstaffing and InterviewJet. The partnerships are set to expand Beeline’s ecosystem of compatible, cloud-based CWM solution providers that can help enterprises quickly scale resources. Crowdstaffing brings an online marketplace to bear that allows firms to quickly search a talent pool of many skills within a specific geographic area, quickly fill vacancies, and expediently scale resources. InterviewJet takes the opposite approach by providing users with smaller talent pools in fewer cities; by focusing on finding immediately available workers with engineering, data science, design, and product design experience in New York, Chicago, Boston, and Austin. Together, Crowdstaffing and InterviewJet join Interactive Resources, Jobaio, and Genesys as Beeline partners, and will provide users with a greater ability to quickly self source niche talent in specific geographic job markets.
Bullhorn Announces Pair of Acquisitions, Talent Rover and Jobscience
Bullhorn, a Boston-based cloud computing company that helps to drive business transformation through online staffing and recruiting, recently announced the acquisition of Talent Rover and Jobscience, two staffing firms operating on the Salesforce platform. Terms of the deals were not disclosed. They join another recently acquired solutions provider, Connexsys, which also operates on Salesforce. Together, they will help Bullhorn to continue to develop and innovate front- and middle-office capabilities within staffing firms, particularly in North America and Europe. Bullhorn will continue to support the Salesforce-enabled applications of all three of its recent acquisitions and look to expand and further develop upon them, in addition to its own offerings, in the coming months and years.
Scout Exchange Receives $100 million in Funding
Last week, Scout Exchange, another cloud-based marketplace recruitment solutions provider located in Boston, announced that it has received a $100 million investment from TRI Ventures in a big push to further develop its cloud marketplace. Scout’s machine learning-enabled employer-employee matching tools are employed by more than 50 Fortune 500 companies. Scout’s solution works like this: using machine learning algorithms, it scans millions of unstructured data points, like keywords in recruiting firm descriptions, and applies predictive analytics to match recruiter profiles to job requisitions based on that recruiter’s predicted likelihood to fill certain kinds of vacancies. In addition to data-driven, predictive matching, Scout Exchange provides users with search firm vendor management, single-stream invoicing, and reporting and analytics tools.
SmartRecruiters Goes to Market with Intelligent Recruiting Assistant
Also last week, San Francisco-based SmartRecruiters informed us that they have gone to market with what they are calling the recruiting industry’s first intelligent recruiting assistant. This new tool, driven by Big Data, machine learning algorithms, predictive analytics, and automated workflows, can be used with many and perhaps any applicant tracking system. It ingests millions of data points from internal and external data sets and analyzes them using machine learning algorithms to find discover, screen, and surface the “ideal” candidates for vacancies. In doing so, SmartRecruiters’ intelligent recruiting assistant automates much of the heavy lifting for recruiters, who can then focus on building relationships with candidates and helping to position them with prospective clients. The intelligent recruiting assistant also helps to remove inherent human biases from the candidate screening and recruiting process, which has the potential to drive diversity and reduce discrimination and potential legal liability.
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