Human resources technology firm IntelliHR Holdings (ASX: IHR) has received approval from global accounting software firm Xero (ASX: XRO) to advance to live beta testing of a new recruitment capability which is being integrated with Xero’s payroll software.
The integration leverages intelliHR’s hire onboarding automation by adding an online employee self-service (ESS) functionality to the software.
It gives new employees the ability to complete their own banking, digital tax and super forms as part of the onboarding process through the intelliHR platform.
Positioned upstream to an employer’s payroll system, the new feature provides tools to look after employees from the minute they are hired, using online ESS to replace manual, paper-based human resources systems.
IntelliHR said the benefits of self-service tools include improved performance, the creation of a more rewarding workplace and improved staff retention.
Founded in 2006, Xero has become a dominant player in the cloud-based accounting market and one of the world’s fastest-growing Software-as-a-Service (SaaS) companies.
IntelliHR said building relationships with companies like Xero is paramount to its business strategy.
“[We] continue to actively pursue relationships within Australia and abroad for potential integrations which may support new customer lead generation opportunities,” the company said.
“[We also aim to] fast track the building of an ecosystem of integrated best-in-class HR tools, centred around intelliHR as the essential core people management platform for business.”
Earlier this week, IntelliHR signed a mutual revenue share agreement with US-based talent acquisition company Greenhouse Software.
“Greenhouse is an excellent technology to be partnering with, as its mission is to help companies become great at hiring,” IntelliHR said in a statement.
“Conversely, [we] provide companies with management tools to look after people from the minute they are hired, delivering improved performance, culture and staff retention.”
In addition to being complementary technologies, both companies share the same customer profile, the same market segment (mid to enterprise) and the same global growth orientation.
Over time, IntelliHR will become available in Greenhouse’s App Marketplace, increasing its third party online lead generation capabilities and helping it become a “key consideration” in a global industry.
At mid-afternoon, shares in IntelliHR Holdings were up 9.09% to $0.120.