The SAP.iO Foundry Singapore program includes startups from Australia, Canada, Indonesia, and Singapore focused on developing technology for HR.
SAP SuccessFactors in collaboration with SAP.iO Foundry Singapore launched a new accelerator program that will centre on human resources technology and the future of work solutions. Selected by a jury of SAP experts and partners, the six international tech startups will take part in the 13-week virtual program that will conclude with the SAP.iO Cohort Demo Day in December 2021.
Accelerating Adoption of Technology for HR
A study by Oxford Economics, the Society for Human Resources Management (SHRM), and SAP SuccessFactors highlighted that the familiar issues to leaders in HR and across the business, such as health and safety, reskilling, and new ways of working, have now reached next-level complexities and urgency due to the COVID-19 pandemic. The research suggests that the global crisis has magnified the need for organisations to accelerate technology adoption to tackle the future of work.
The majority of the respondents, including those from the APJ region, said that their company has effectively handled new ways of working and that most employees have adjusted well to the new processes. Respondents in Australia (79{aa282f308afcc222aaa21b0478c79e01a8fedd01972e2180867097bd93930f22}), China (83{aa282f308afcc222aaa21b0478c79e01a8fedd01972e2180867097bd93930f22}), and India (86{aa282f308afcc222aaa21b0478c79e01a8fedd01972e2180867097bd93930f22}) said that their company has the technology it needs to navigate the changing work environment.
Aaron Green, Head of SuccessFactors, SAP Asia Pacific & Japan, said that every industry has been undergoing some form of transformation to keep pace with today’s disruptions. He explained:
“People are at the core of this transformation and the heartbeat of the business. We see a continuing trend of leaders looking for innovative ways to empower people with the information and capabilities they need to succeed in a digitised world. By partnering with SAP, these startups are joining an innovative ecosystem, and we look forward to working together to accelerate digital transformation for our customers in the world of Human Experience Management.”
The Singapore Cohort
Here are the six selected startups to participate in the SAP.iO Foundry Singapore program to focus on developing solutions on recruiting, talent and team management, and wellbeing:
- Accredify. The Singapore-based Information Technology & Services company supports organisations in their document lifecycle management and ensures their documents are easily verifiable– from creating tamper-proof certified true copies of digital documents to providing end-to-end COVID-19 employee health screening and verification system. In August, Accredify announced that its app now integrates with SAP SuccessFactors to assist companies in employee COVID-19 health verification, a big step in revolutionising the future of work.
- Boldly. The startup offers personalised career pathways, assessment, and learning content. Boldly is the world’s largest marketplace of screened, qualified professional coaches and enables hyper-personalised staff development. The platform leverages coaching bots and advanced analytics for reporting. Aside from Singapore, the company has operations in Auckland, Hong Kong, and Sydney.
- Tagvance. The IoT Tech Startup provides industrial operators with ready-to-operate asset tracking solutions and environmental monitoring sensors. Focused on the mining industry, Tagvance offers solutions for occupational health and safety as well as for enterprise resource planning for productivity.
- Talent Games. An HR Technology company that leverages AI-driven gamified virtual hiring solutions, Talent Games helps organisations attract, engage, and assess top millennial talent based on gamified candidate assessments. By digitising and gamifying HR talent processes, leaders can accurately evaluate each candidate’s personality, cognitive ability, aptitude, and behavior. Talent Games is headquartered in Fredericton, New Brunswick.
- Wagely. Headquartered in Jakarta, Indonesia, Wagely is a leading financial wellbeing app for a future-ready workforce. The financial wellness platform enables orgnaisations to provide employees with affordable and sustainable financial services, including access to earned wage access (EWA).
- Springday. Based in NSW, Australia, Springday is a B2B software-as-a-service platform that helps organisations measure and improves the wellbeing of their people with technology, evidence-based wellbeing tools, and data collection. The startup offers solutions based on the five pillars of wellbeing: Career, Emotional, Financial, Physical, and Social.
Through the SAP.iO program, SAP will accelerate these early-stage startups by providing them access to curated mentorship from SAP executives, exposure to SAP technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers worldwide.
