Paychex is betting that its proprietary data sets in human capital management and adjacent markets will make it a winner in AI via productivity and new products.
SavATree, a landscape services company that operates across 40 US states, generated $1.5 million in returns by better engaging and training its frontline workers. Here's a look at the takeaways from Sarah Cusack, director of learning and development at SavATree.
Workday is rounding out its AI strategy, building out its platform with multiple tuck-in acquisitions and looking to become an AI agent player because it can leverage its unified HR and finance data.
Workday said it will acquire Pipedream, an integration platform for AI agents that features more than 3,000 pre-built connectors.
Workday has acquired Sana, an AI agent startup that surfaces knowledge in enterprise systems, for $1.1 billion in a bet that the HCM and finance software provider can become "the front door to work."
Workday launched Workday Data Cloud, Workday Build as well as a set of Illuminate AI agents as it aims to build a larger ecosystem around its platform.
Workday's AI strategy appears to feature a heavy dose of acquisitions. The company said that it is acquiring Paradox, a startup that features a candidate experience agent to work through the job application process. The Paradox acquisition came just days after it acquired Flowise, a platform to build AI agents and automate workflows.
Human capital management software provider Dayforce is going private in a deal with Thoma Bravo valued at $12.3 billion.
UKG said it has acquired Shiftboard, which provides employee scheduling software for oil and gas, energy and manufacturing companies.
Workday reported better-than-expected first quarter earnings as the company benefited from "continued efficiencies."
