The new contender in European full-suite HCM
Cegid plans to complete its acquisition of Talentsoft this summer, with the intent to provide a fuller breadth of SaaS-delivered HCM to customers. Once the acquisition is completed, the organizations will operate independently, but leverage their combined expertise in areas of talent, payroll, and core HR to not only penetrate the European market but expand customer reach to other global locations. Cegid also offers tools for supply chain, inventory, and customer experience. With added HR capabilities through Talentsoft, Nucleus expects that Cegid will be able to more closely compete with joint HCM and Finance providers in Europe and expand business among industries such as retail and manufacturing. Nucleus found that organizations that unify HCM and Finance functionality through a single solution can reduce monthly close time by 50 percent.