Cloud provider One Channel has partnered with 2Interact, a global human resources management system (HRMS) provider.
The cloud provider says the move is part of its strategy to provide complete cloud-based solutions to mid-sized and larger customers on the African continent.
"We've followed the evolution of business software from core accounting to ERP [enterprise resource planning], and now to extended ERP HRMS and multi-cloud, and have adapted our business model to enable us to deliver these modern extensible systems. Interact HRMS is the perfect fit, a pure Web-based application," says One Channel CEO Bernard Ford.
According to Deloitte, in the past five years, the HRMS market has been steadily racing to the cloud. Many major corporations have put plans in place to replace their legacy systems with one of the major cloud vendors (Oracle, SAP and Workday being the top three), it says.
"We are very pleased to partner with One Channel as we have seen there is a huge need for cutting-edge HRMS technology in the African market. One Channel's experience in bringing to market business solutions through a local partner network, will greatly benefit our mutual clients," says Marc Van der Ven, vice-president of 2Interact.
"Today's customers are asking for global HRMS that is fully compliant with local tax and labour regulations and offers seamless integration for HR, payroll, time, talent and risk management," he notes.
Once the HR department becomes a strategic player in an organisation instead of playing a back-office role, management will realise the importance of HRMS, says Ford. "With 2Interact, we can now assist HR departments to transform the role they play in the organisation - taking HR from a back-office role to a strategic role."
"We can give companies the tools to be able to achieve this transformation by procuring and implementing the optimal HRMS solution. HRMS must become one of the backbone mission-critical systems for any organisation," he concludes.
Deloitte says venture capital and private equity companies invested $1.87 billion in HR and workforce-related products during the past two years.
Many companies are replacing their core systems with cloud-based technologies, or building entirely new infrastructures of team-oriented, app- and data-centric, network-based applications for HR, it adds.
Sierra-Cedar research shows that 45% of large companies and 51% of mid-sized companies are increasing their spending on HR technology, with only 8% and 10%, respectively, spending less.
This year's survey data shows a 40% increase in plans for organisations moving non-HR technology to cloud environments, it says. The key questions for many organisations come down to cost, security and long-term value propositions, weighed against executive expectations for better data, mobile access and more automated efforts which a full cloud solution might bring, it adds.
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