3 weeks ago
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SAP and Qualtrics person announced a renewed partnership, integrating their technologies to supply organizations with precocious tools aimed astatine enhancing worker experiences and workforce engagement.
In November 2018, SAP SE announced its intent to get Qualtrics International Inc. for $8 billion, recognizing the imaginable of combining Qualtrics’ acquisition absorption capabilities with SAP’s operational information to assistance organizations instrumentality informed actions.
Following the acquisition, Qualtrics operated arsenic an autarkic entity wrong SAP, allowing it to support its innovative attack portion leveraging SAP’s extended resources and marketplace reach. In July 2020, SAP announced its volition to take Qualtrics public, aiming to fortify Qualtrics’ quality to grow its enactment successful the acquisition absorption category.
Qualtrics went nationalist successful January 2021, trading connected the NASDAQ banal exchange. In March 2023, Silver Lake and CPP Investments acquired Qualtrics for $12.5 billion, making it an independent, privately held company.
Despite these ownership changes, SAP and Qualtrics person maintained a beardown collaborative relationship. Their latest concern nether the SAP Endorsed Apps agreement enables organizations utilizing SAP SuccessFactors to integrate Qualtrics XM for Employee Experience. This integration provides tools specified arsenic People Engage, People Lifecycle, and Employee Technology Experience, equipping HR teams to heighten squad dynamics, refine managerial strategies, and marque informed workforce decisions.
The concern besides introduces caller Qualtrics AI capabilities, including:
- Qualtrics Assist for Employee Experience: Utilizes AI-powered earthy connection knowing to rapidly analyse worker feedback, providing wide and actionable insights for improving worker experience.
- Qualtrics Comment Summaries: Automatically aggregates and summarizes worker feedback into wide themes, allowing managers to rapidly place patterns portion ensuring worker anonymity.
- Qualtrics Conversational Feedback: Instantly analyzes survey responses and prompts for clarification connected vague answers, providing richer and much elaborate insights into each employee’s experience.
Brian Stucki, President & Chief Operating Officer astatine Qualtrics, emphasized that this collaboration aims to equip businesses with AI-driven insights to heighten worker acquisition strategies. He highlighted the relation of AI wrong the EX Suite, enabling leaders to marque timely and well-informed decisions that fortify spot and engagement wrong their teams.
Advancing Employee Experience with SAP and Qualtrics
Employee acquisition is an progressively captious origin successful organizational success, influencing productivity, retention, and wide workplace morale. Through their continued collaboration, SAP SuccessFactors and Qualtrics purpose to enactment businesses successful making data-driven decisions that heighten workforce well-being and operational effectiveness.
With SAP SuccessFactors providing a broad suite of quality acquisition absorption (HXM) solutions, the integration with Qualtrics XM for Employee Experience adds different furniture of quality and automation. This concern intends to supply HR leaders with deeper insights into worker sentiment, allowing them to proactively code concerns and make a much engaging enactment environment.
Dan Beck, President and Chief Product Officer of SAP SuccessFactors, noted that improving worker acquisition is simply a strategical precedence for businesses seeking a competitory edge. He stated that SAP SuccessFactors and Qualtrics volition proceed to enactment unneurotic to refine their offerings, ensuring that customers summation meaningful insights that pb to amended worker experiences and improved concern performance.
The enhanced integration of SAP and Qualtrics further reinforces SAP’s committedness to fostering a human-centered attack to workforce management. By strengthening their partnership, the 2 companies mean to empower organizations with innovative tools to thrust worker engagement, endowment retention, and organizational growth.
