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HiBob Acquires Mosaic to Enhance Financial Planning and Analytics

HiBob, the renowned Human Capital Management (HCM) platform, has made headlines with its recent acquisition of Mosaic, a dynamic cloud-based Financial Planning and Analysis (FPA) platform. This strategic acquisition, subject to various closing conditions, is aimed at transforming how mid-market businesses manage financial and workforce productivity by delivering a fully integrated solution.

Addressing the Needs of Mid-Market Companies

Mid-sized organizations are under increasing pressure to align their financial planning with their workforce strategies. These businesses must ensure that their investments translate into improved performance. The integration of HiBob’s platform with Mosaic's robust FPA features promises to provide critical insights into areas such as workforce productivity, employee engagement, and financial results, consequently enhancing operational efficiency and reducing costs.

HiBob aims to foster collaboration between HR and Finance teams, allowing for a more unified approach to managing resources and driving business success. Ronni Zehavi, CEO of HiBob, emphasizes the company's commitment to a people-first philosophy. According to Zehavi, “By embedding Mosaic's planning expertise into our platform, we are introducing a fully integrated HR and financial planning solution. This is crucial in empowering CFOs to view their workforce as a strategic growth driver rather than merely a line item.”

A Dynamic Approach to Financial Planning

Mosaic’s CEO, Bijan Moallemi, spoke about the vision behind Mosaic, stating, “Partnering with HiBob extends that vision to the people side of business. This collaboration will provide CFOs, CHROs, and CEOs with the tools needed to navigate an increasingly complex landscape confidently.” With Mosaic’s capabilities, the HiBob platform is set to provide enhanced functionalities like budgeting, forecasting, and performance tracking, becoming indispensable to senior leadership.

Focus on Integration and Continuity

As the integration process unfolds, HiBob remains committed to enhancing the synergy between the two platforms, ensuring that existing Mosaic customers receive uninterrupted support. This transition is expected to positively impact the businesses that rely on these tools, driving further productivity and efficiency across teams.

About HiBob

HiBob is transforming how modern organizations operate, offering a powerful HR platform called Bob. The platform integrates various HR processes into a user-friendly tool, allowing over 4,400 multinational companies to hire efficiently, retain top talent, and boost employee engagement. To discover more about HiBob and its innovative approaches to HR management, visit www.hibob.com.

In conclusion, the acquisition of Mosaic marks a significant milestone in HiBob's journey toward redefining how businesses address their workforce and financial planning needs. By combining their innovative technologies, HiBob and Mosaic are poised to create impactful solutions for companies aiming to thrive in today's dynamic work environment.