Taleo Contingent 7.0 Named Winner In The 2005 Recruiting & Staffing Best In Class Awards
Taleo Contingent 7.0 now generally available
SAN FRANCISCO – October 19, 2005 – Taleo Corporation (NASDAQ: TLEO), a worldwide provider of on demand talent management solutions, today announced that Taleo Contingent 7.0, its contingent workforce management solution, was named the winner in the “2005 Recruiting & Staffing Best in Class Awards.” The award honors, recognizes and promotes innovative best practices in workforce management and planning. HR IQ, a division of the International Quality & Productivity Center (IQPC), presented Taleo with the award. Taleo also announced today the general availability of Taleo Contingent 7.0.
Taleo Contingent 7.0 is designed for companies looking to achieve control of global contingent labor processes, spend, contractual and legal compliance issues. Taleo Contingent replaces costly, inefficient, and paper-intensive processes and helps companies to regain control over contingent labor costs.
Taleo Contingent also enables organizations to monitor co-employment risk, optimize supplier bases, and increase the availability and quality of contingent labor across organizations. By providing greater control over contingent labor, Taleo Contingent 7.0 helps companies generate ongoing and sustainable cost savings around contingent workforce management both domestically and abroad.
"Over the past year, our R&D team dedicated more than 30,000 hours to rebuild our contingent workforce management solution,” said Brad Benson, EVP, Products and Technology, Taleo. “We worked directly with our customers to ensure that Taleo Contingent 7.0 met the needs of what companies really require in a global contingent solution.”
He continued, “Taleo Contingent 7.0 leverages our years of proven international experience with leading companies to develop solutions that deliver significant cost savings to organizations. Our combination of R&D investment and proven ability to execute enables our customers to achieve control of contingent labor processes worldwide.”
Highlights of Taleo Contingent 7.0
Taleo Contingent 7.0 introduces several new budgetary management features including budgetary approval routing, budget tracking and enhanced budgetary reporting. In addition, managers are provided with greater flexibility to assign and move pre-approved budgetary dollars across related orders without having to continually regenerate approval workflows.
Taleo Contingent 7.0 addresses the growing need of global contingent workforce management by providing internationalization capabilities that include multiple language operations, double-byte character support and international currency support.
The clean, instinctive user interface, combined with its intelligent navigational design, allows Taleo Contingent 7.0 to create a positive and productive user experience for hiring managers, suppliers and contractors alike.
The enhanced architecture available in Taleo Contingent 7.0 provides the ability to rapidly develop new and market driven features to better adapt to changing client needs. Also, this enhancement further expands third party integration capabilities to better leverage a company’s existing technology infrastructure.
Taleo Contingent 7.0 is available immediately. More information about Taleo and Taleo Contingent 7.0 can be found online at www.taleo.com.
About Taleo Corporation
Taleo Corporation (NASDAQ: TLEO) delivers on demand talent management solutions that enable organizations of all sizes to recruit, assess and manage their workforces for improved business performance. Taleo’s customers use its suite of solutions to improve their talent management processes to reduce the time and costs associated with these processes and to enhance the quality, productivity and satisfaction of their workforces. Taleo currently has more than 300 corporate customers with approximately 475,000 registered users who use our services to fill positions in almost 100 countries.
Press Contacts:
Krista Canfield
Tel: 415.905.4011
e-mail: kcanfield@horngroup.com