SAP App Center has published the Bengaluru-based recruitment platform Skillate, a cloud-based business-to-business application known to reduce hiring time by 50% using NLP and deep learning.
Artificial Intelligence (AI) and Machine Learning (ML) have been more and more omnipresent in the fields of logistics, production, operations, and HR today for its capabilities to mimic human decision-making processes and efficiently perform tasks like humans. For talent acquisition, in particular, many organisations are moving towards integrating AI and ML to manage the recruitment process at a scale.
Having been at the receiving end of the cumbersome corporate talent acquisition process, Bipul Vaibhav together with his co-founders Anan Kumar and Kumar Sambhav, developed Skillate, an AI-powered platform that would make recruitment easy, fast, and transparent. Now available on SAP App Center, SAP customers can leverage the power of AI and ML in their hiring process with Skillate.
Skillate integrates with the SAP SuccessFactors Recruiting and Onboarding, cloud-based software that provides a comprehensive, guided solution to help recruiters and hiring managers source, engage, nurture, and hire the best talent.
Bipul Vaibhav, CEO and Co-Founder of Skillate, stated:
‘‘We are happy for our recruitment platform to integrate with SAP SuccessFactors solutions to save time and recruitment costs while offering a more transparent process for enterprises across sectors.”
Skillate is a smart recruitment product to optimise the talent acquisition process by leveraging artificial intelligence and machine learning algorithms. It integrates seamlessly with any homegrown system and Application Tracking Softwares (ATS) such as SAP SuccessFactors and Taleo. The platform provides out of box integrations with a host of third-party applications to source candidates directly from Job Board – Monster, Indeed, IIMjobs and the likes. The integration with SAP SuccessFactors brings Skillate’s solutions to a global scale, reaching more industries and enterprises to improve hiring performance.
As a partner in the SAP PartnerEdge program, Skillate is empowered to build, market, and sell software applications on top of SAP Cloud Platform.
AI Transforms Talent Acquisition
Leveraging AI, Skillate is able to perform HR recruitment tasks such as identifying, interviewing, and hiring the best candidates at scale. In a click of a button, Skillate‘s AI algorithm is trained with over 20 million diverse profiles to screen and shortlist resumes.
Skillate features AI-based matching, state-of-the-art resume parser, intelligent chatbot, in-depth reports, and analytics. It has self-learning capability that customises the algorithm for each enterprise, giving it a unique capability to ‘Think like an experienced recruiter’.
The B2B solution utilises chatbot in combination with AI-powered matching in efficiently finding the best candidates, significantly reducing screening time and allowing the recruitment team to engage more with applicants. The chatbot also has the capability to schedule follow up interviews after the initial screening.
Optimising Value-Chain of Recruitment
The AI-based talent acquisition platform advances and transforms the hiring process, optimising the entire value chain of recruitment- from creating job requisition to candidate engagement. Skillate boasts to deliver the following:
- 30% lower cost per hire
- 50% reduction in time to hire
- 85% matching accuracy
- 100 % industry agnostic
- 2.2 x candidate conversion
Founded in 2016 as a start-up and a member of SAP Labs incubator progamme, Skillate’s customers now include big brands such as Sopra Steria, Saint-Gobain, OYO Rooms, L&T Construction, L&T Financial Services, and SoftwareAG.