Recruiting the latest force in Ceridian Dayforce's portfolio
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April showers bring May...recruiting software releases?
Just two weeks after Workday unveiled its long-awaited Recruiting product last month, human capital management (HCM) software vendor and HR services provider Ceridian also formally debuted a new talent acquisition system: Dayforce Recruiting. According to Rob Rose, Ceridian Dayforce senior vice president of product management, a key differentiator between Dayforce and Workday Recruiting is the former's single profile approach. A candidate profile in the recruiting tool becomes an employee profile in the HCM system with the click of a button.
"Your recruit is literally an employee waiting to happen," Rose said.
Because of this cross-module functionality, Dayforce Recruiting is only available for purchase in conjunction with Dayforce HR. "We don't foresee a scenario where people would deploy this on a purely standalone basis," Rose said. Similarly, Workday HCM is a prerequisite for the vendor's recruiting product.
In addition to a single talent record, Dayforce Recruiting also features social referral capabilities, mobile apply and embedded analytics. Rose said Ceridian has been selling the product to Dayforce HR customers since the beginning of 2014, and initial implementations are now wrapping up.
Ultimate Software and Cornerstone OnDemand have also recently released recruiting platforms, as noted in a Human Resource Executive Online piece by Technology Columnist Bill Kutik. To Kutik, the capabilities of these systems indicate a significant step forward in the recruiting technology space.
"'Edge application' functionality is no longer hanging off old applicant tracking systems, but is slowly being moved to the center by at least three major vendors," he wrote. "The day of the applicant tracking system is so over!"
Major cloud ERP shift to occur within five years, Gartner finds
Nearly half of the 89 respondents -- CIOs and application leaders from a variety of industries worldwide -- said they planned to move most of their core ERP components to the cloud within five years. The remaining half was split between keeping their ERP systems on-premises for the foreseeable future, with 30%, and those that were unsure, with 17%.
Manufacturing companies represented the largest segment of those sticking with on-premises systems for the time being. But according to Nigel Rayner, report author and Gartner research vice president, manufacturers aren't digging their heels in for no reason.
"In a roundtable discussion at the Gartner Symposium/ITxpo in Barcelona, November 2013, the manufacturing companies present agreed that integration of the current on-premises ERP to their shop floor control and manufacturing execution systems was a major inhibitor for moving to the cloud," Rayner wrote. "Compared with other industries, fewer cloud ERP options are available for manufacturing organizations that support deep and wide industry-specific manufacturing capabilities."
Only 2% of those surveyed were currently using cloud ERP for core functions, which Rayner noted is "in line with Gartner's client inquiries."
Adaptive Insights enables dynamic Excel reports
Dedicated budgeting, forecasting and planning (BP&F) technology is often adopted to lessen a finance department's Microsoft Excel reliance. But what if the two could peacefully coexist?
Adaptive Insights' recently released OfficeConnect product aims to bring software and Excel into harmony. By enabling reporting spreadsheets to be populated with the cloud-based software's data, the tool reduces the risk of Excel errors and inaccurate numbers. According to a press release, reports can be refreshed with the click of a button.
"The reason that Excel often has errors in it is [due to] the process of refreshing and reformatting the reports," said Paul Turner, Adaptive Insights senior director of product marketing and strategy. "Now you're getting all of the control you love with Excel but without all of the pain of actually refreshing and reformatting." OfficeConnect can also be used in conjunction with Microsoft PowerPoint and Word, he added.
Also announced at the vendor's user conference was new last mile of finance functionality. By partnering with Vintage Filings, the Adaptive suite is now able to provide "complete disclosure management -- from XBRL tagging and filing, to EDGAR HTML submissions," according to a press release.