Saba People Cloud: The Next-Gen HCM Software
Fremont: Today’s organizations are all about ‘doing more with less’. Dramatic shifts in industry trends all around are changing the way businesses operate. Companies of today need to not only focus on their employees, but also on strategic partners, outsourced and contracted work, and open source talent. According to a Seeking Alpha article, Saba Software’s offerings would be the ones to replace the inefficient legacy talent management solutions.
Saba Software is a provider of cloud-based talent management solutions; their Saba People Cloud helps enterprises solve workforce management woes efficiently. Hitachi was seen saying, “The Saba platform is helping us optimize our efforts in corporate learning and paying good returns for Hitachi Data Systems.” This platform is an open cloud-based environment built to develop and engage all participants in a client’s organization.
The Saba People Cloud allows customers to create people profiles that capture not only formal data such as performance scores, skills, and talent indicators, but also informal information such as content contribution, expertise and experiences, and participation in community discussions.
Saba is now unfortunately in the middle of a financials restatement that has resulted in the company being delisted from the NASDAQ, delayed SEC filings, management turnover, and a significantly reduced valuation relative to the broader industry. But, the accounting restatement should be nearing its end soon and with its core business still going strong, Saba Software is a name with strong long-term growth potentials that will appeal to lots of investors.