Cytiva Announces Record First Quarter Results…from Cytiva Software

June 15, 2009

 

Talent Management Vendor Reports 23% Year-Over Year Growth and 78% Increase in Cash Flow for Q1 09

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Ian Alexander, VP of Marketing with Cytiva appeared on the HRchitect WebMingle on April 10, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Cytiva Software Inc. (CRX – TSX.V), a leading talent management software vendor, has released audited financial statements for the three-month period ended March 30, 2009.

First quarter highlights include:

  • 78% increase in cash flow provided by operations over the same period last year
  • 23% year over year increase in revenue
  • 64% year over year increase in deferred revenue
  • New partnership with PEO/HRO CoAdvantage
  • Announcement of SonicSummit, Cytiva’s first annual user conference

“Despite a highly challenging selling environment, Cytiva’s first quarter results show strong growth in our key success indicators: Revenue, deferred revenue and positive cash flow from operations,” said Jason Moreau, CEO of Cytiva Software. “This is due to continued sales, satisfied customers and Cytiva’s recurring revenue model.”

The quarter was highlighted by new customer wins with Texas A & M HSC College of Medicine, Development Alternatives, Inc. and Converteam, as well as contract extensions with major clients Oldcastle, Startek and Oakwood Worldwide, among others.

For more information on Cytiva Software, please visit www.sonicrecruit.com

 
Matt Lafata, HRchitect

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Cytiva Announces New Upgrade to SonicConnect…from Cytiva Software

May 13, 2009

 

SonicRecruit’s flexible toolset for HRIS interface gets new flexibility and capability

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Cytiva Software competed in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems in January 2009 and Ian Alexander, VP of Marketing with Cytiva Software also participated in the HRchitect WebMingle on April 10, 2009.

Cytiva Software, Inc. (CRX;TSX.V), a leading provider of on-demand talent acquisition software solutions, announced today the general availability of the newly upgraded SonicConnect HRIS interface toolset.

SonicConnect is a simple, application level toolset for mapping data in SonicRecruit to any HRIS, payroll or other employee record program. Built with a core feature set that includes mapping, scheduling, posting and monitoring employee exports triggered by hiring status changes, SonicConnect is the main vehicle by which SonicRecruit clients push newly hired employees into their master HR system or systems.

With this latest release, the SonicConnect toolset adds a number of enhancements that make it more powerful and flexible than ever. The new SonicConnect enhancements include:

 

  • Multiple export profiles for different systems like payroll, onboarding, AAP consultants, etc.
  • Support for auto re-exports of the same employee for seasonal workers
  • Support for stronger data encryption
  • Support for multiple delimiter schemes
  • Greater flexibility of export schedules
  • New preferences for auto assigning employee ID numbers
  • Increased ease of use

For clients who do not require the kind of customized 2-way interfaces that Cytiva routinely provides, SonicConnect is a cost effective way to ensure they can onboard new hires with ease.

“The SonicConnect toolset has evolved over many years of handling thousands of exports annually,” said Jason Moreau, CEO of Cytiva. “The latest version reflects the input of countless clients helping to make it more flexible and easy to use.”

As a true multi-tenant SaaS provider, Cytiva is able to make the newly enhanced SonicConnect toolset available immediately to all SonicRecruit clients.

For more information visit http://www.sonicrecruit.com.

 
Matt Lafata, HRchitect

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Cytiva and CoAdvantage Team Providing World Class Recruiting Services…from Cytiva Software

March 21, 2009

 

Leading HR Service Provider to Offer SonicRecruit to Its Client Base

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Cytiva Software’s Ian Alexander will appear on the HRchitect WebMingle on April 10. Cytiva Software also participated in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems in January 2009

 

Cytiva Software, Inc. (CRX:TSX.V), a leading provider of on-demand recruiting software and talent management solutions, announced today a new partnership with CoAdvantage, a leading provider of human resources (HR) and benefits solutions.

 

Under the new arrangement, Cytiva’s SonicRecruit software allows CoAdvantage to provide clients with a recruitment software solution that interfaces with the company’s payroll, HR and benefits administration technologies. CoAdvantage has made the software available to its clients, comprised of small- and medium-sized businesses (SMB), throughout the United States. This software helps these clients to attract and manage prospective workforces.

 

“We chose Cytiva after completing due diligence on other recruiting software technologies and found SonicRecruit to be a reliable and successful vendor, from sales support and pricing to training and integration,” said CoAdvantage Vice President of Technology Jordan Conley.

 

“CoAdvantage is known for its high level of service and HR expertise,” said Jason Moreau, CEO of Cytiva Software, Inc. “This kind of partnership allows SonicRecruit to complement CoAdvantage’s strong offering and increases our visibility within their loyal client base.”

 

CoAdvantage Human Resources Outsourcing President Scott Millson believes this partnership will continue to further CoAdvantage’s mission to serve clients with excellence and innovation. “We seek best-in-breed partners for our clients in the SMB marketplace who assist us in providing solutions that reduce administrative headaches and overhead so our clients can focus on strategy and results,” said Millson.

 

For more information on Cytiva Software, please visit www.sonicrecruit.com

Matt Lafata, HRchitect

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New Case Study Highlight’s E2open’s Success with Cytiva’s SonicPerform…from Cytiva Software

March 15, 2009

 

Leading demand – supply network solutions vendor saves time and provides goal transparency to employees using SonicPerform performance management software

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Ian Alexander from SonicRecruit will be on the HRchitect WebMingle on April 10, 2009. SonicRecruit also participated in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems in January, 2009.

 

Cytiva Software Inc. (CRX;TSX.V), a leading provider of on-demand performance management software solutions, announced today the release of a new case study detailing the successful implementation of Cytiva’s SonicPerform employee performance management software at E2open, Inc.

 

Over 75,000 businesses rely on E2open to help them achieve significant improvements in customer service and profitability using their demand and supply network management solutions. As a Software as a Service provider, E2open relies heavily on the talent and dedication of its 300 plus employees to ensure its clients continue to realize value from their E2open solutions year in and year out.

 

The new case study covers the first six months of usage of the solution and details E2open’s experience automating their performance management process.

 

Some of the highlights include:

 

  • Significant reduction in time spent by HR managing the process
  • SonicPerform’s value in supporting a globally dispersed matrix organization
  • E2open’s use of cascading goals to align their workforce
  • E2open’s experience with Cytiva’s service and support of the system

 

“The E2open case study shows how SonicPerform was able to drop right into this complex organization and provide value right away,” said Jason Moreau, CEO of Cytiva. “To have this manner of success with one of our initial implementations demonstrates the kind of industry experience that went into building the solution.”

 

E2open acquired SonicPerform and SonicRecruit, Cytiva’s robust talent acquisition system and rolled out both products simultaneously.

 

Of all the benefits they experienced with SonicPerform, E2open was most pleased with its ability to save time for the human resources department and the support of Cytiva’s client services team.

 

“The SonicPerform team was amazing, I can’t say enough about them. They went above and beyond to help us think through issues and configure the system to ensure we were successful,” said Amy Reichanadter, Senior Vice President of Human Resources. “I am confident we will have a successful long standing relationship, given the level of attention we received from Sonic.”

 

The E2open SonicPerform Case Study can be downloaded free at www.sonicrecruit.com/resources/overview.htm

Matt Lafata, HRchitect

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New SonicFeedback and SonicParser Added to SonicRecruit, Cytiva’s Highly Respected Talent Acquisition Solution…from Cytiva Software

February 26, 2009

 

Features provide new help for organizations to deal with the increased number of candidates associated with higher unemployment

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider.

 

Cytiva Software Inc. (CRX;TSX.V), a leading provider of Software as a Service (SaaS) talent management solutions, announced today the availability of new features for its talent acquisition solution.

 

New SonicFeedback allows organizations to create and assign feedback forms to any step of the recruiting process and gather key data to better manage their hiring. In keeping with SonicRecruit’s tradition of providing highly flexible solutions, the uses of SonicFeedback are extensive. Some examples of how organizations can use SonicFeedback are:

 

  • Gathering and analyzing structured information from interviewers for use in the evaluation of candidates
  • Getting structured feedback from applicants to evaluate their overall satisfaction with the hiring process, fringe benefits, employment brand effectiveness, recruiter professionalism, and more
  • Gathering feedback from new hires regarding the onboarding and orientation process

 

SonicFeedback provides a highly flexible, integrated and easy to deploy method for organizations to get the most out of their recruiting and onboarding efforts.

 

Just in time to help organizations deal with the large increase in resume flow due to increased unemployment is the new SonicParser. SonicParser is Cytiva’s new proprietary resume parsing technology that allows recruiters to forward emailed resumes into their applicant tracking system. From a simple email, SonicParser reads the resume and pulls out key information, creates a candidate record in the applicant tracking system, and prepopulates the candidate’s information. SonicParser can read and parse multiple resumes and is highly flexible in automatically assigning job codes and recruiter ownership as it creates candidate records.

 

Though SonicRecruit has offered a similar feature for many years, much of it has been provided by a 3rd party. New SonicParser provides greater accuracy and much faster availability of candidate records. Further, SonicParser allows Cytiva to enhance the capability of its resume parsing to better match the needs of its entire talent management suite in the future.

 

“SonicFeedback and SonicParser are examples of the kind of regular enhancements we provide our clients at no extra cost, with no upgrades necessary,” said Jason Moreau, CEO of Cytiva. “This is the payoff of the Software as a Service business model for clients – easy and frequent enhancements, and added value throughout the life of the relationship.”

 

“A lack of resume parsing, or just plain bad resume parsing makes a recruiter’s life harder, and can kill the application process for candidates trying to easily apply for your open positions online,” said Jennifer Fray, Vice President of Client Services for Cytiva. “We’ve received positive feedback from clients about the increased speed and accuracy of SonicParser.”

 

SonicFeedback and SonicParser are available immediately to all SonicRecruit clients.

 

For more information on SonicRecruit, please visit www.sonicrecruit.com

Matt Lafata, HRchitect

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Back By Popular Demand: Cytiva Announces Free Talent Management Webcast Series…from Cytiva

February 18, 2009

 

Sonic TalentTalk 2009 Series Upgraded to Nine Information Packed Webcasts by Recruiting and Performance Management Experts

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider.

 

Cytiva, developers of talent management solutions, SonicRecruit, SonicPerform and SonicOnboard, announced today the launch of a series of free webcasts designed to help today’s practitioners deal with current topics in recruiting and performance management.

Covering everything from rethinking your recruiting metrics to onboarding and socialization for better retention, the new Sonic TalentTalk webcasts will begin March 19, 2009 and run through the end of the year.

 

The current line up of webcasts include:

 

  • Onboarding and Socialization for Better Retention
  • Performance Management in a Down Economy
  • Uncover Hidden Cost Savings in Your Recruiting Process
  • Recruiting 2.0
  • Communicating Your Employment Brand
  • Career Center 101
  • Rethinking your Recruiting Metrics for a Down Economy
  • Tips and Tricks for Effective E-recruiting
  • Talent Acquisition Systems: Building a Strong Business Case

 

“We received great feedback from our Sonic TalentTalk 2008 series,” said Jason Moreau, CEO of Cytiva. “But the conversation has changed over the last eight months in significant ways, so we felt it was important to repeat and refocus the webcasts for 2009.”

 

Hosted by Cytiva’s Sr. Talent Management Consultant and corporate recruiting veteran David Freeman, along with Vice President of Marketing and performance management software pioneer, Ian Alexander, this year’s Sonic TalentTalk Webcasts are focusing on the evolving value of talent management practices in a trying economic environment.

 

“Aside from the change in focus, we are sticking to our ‘no-hype’ approach,” said David Freeman. “Last year’s attendees repeatedly commented that they appreciated getting with solid information, not product hype.”

 

Registration for Sonic TalentTalk Webcasts is free. Visit http://www.sonicrecruit.com/company/events.htm for more information and to sign up.

Matt Lafata, HRchitect

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Cytiva Announces New SonicSaves, a Free Applicant Tracking Cost Savings For 2009…from Cytiva

February 5, 2009

 

As businesses look to cut costs, SonicRecruit’s SonicSaves analysis is an easy way to uncover hidden savings in their recruiting process

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems and top Learning Management Systems vendors that businesses should consider. SonicRecruit also participated in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems on January 16, 2009.

 

Cytiva Software Inc. (CRX;TSX.V), a leading provider of on-demand recruiting software solutions, announced today the availability of a new program designed to help businesses uncover wasteful spending in their recruiting process and cut costs in 2009.

 

Dubbed SonicSaves, this new program is free to businesses that are looking to reduce costs associated with recruiting. Under the program, businesses can receive a free consultation with a SonicRecruit product specialist who will perform a diagnostic on their candidate management efforts and provide a detailed analysis of where they may be able to save money.

 

With unemployment rates rising and businesses under pressure to reduce costs, efficiency becomes even more critical. However, businesses run the risk of throwing the baby out with the bathwater without a prudent approach to cost cutting.

 

In this kind of climate businesses can expect an increased number of resumes that could overwhelm them. A large rise in candidates can make it much more difficult to find the right employees without proper tools. Though businesses in some sectors may be cutting the number of hires they make in 2009, they will still need to find and retain key skill sets to remain competitive and achieve more with less.

 

Cytiva has helped hundreds of mid-sized companies dramatically save costs in a number of ways, including:

 

  • Replacing expensive recruiting systems without compromising on features or custom configurability
  • Optimizing advertising expenditures by pinpointing the most effective sources and facilitating easy access to free job boards
  • Automating and optimizing the number of staff necessary to manage the recruiting and hiring process
  • Analyzing and increasing retention rates for new hires through effective onboarding

 

“With SonicSaves, companies get a quick and thorough analysis to find out if they can reduce recruiting costs,” said Jason Moreau, CEO of Cytiva. “If we can save them money, we’ll show them exactly how. If not, there’s downside to finding out.”

 

Businesses interested in getting a free SonicSaves analysis can call (877) 375-1470 or visit http://www.sonicrecruit.com/contact/request_roi.htm

 
Matt Lafata, HRchitect

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