Mosaic has announced it will be acquired by HiBob.
The deal will help mid-sized businesses bridge the gap between HR and finance processes.
UNLEASH explores the deal in greater depth while hearing from HiBob’s CEO Ronni Zehavi and Senior People & Culture Director, Toby Hough.
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Financial planning and analysis platform Mosaic has been acquired by HR tech platform HiBob, with the aim of bringing workforce strategy and financial outcomes together.
The acquisition will help mid-sized businesses make smarter, more connected decisions, by investing in people connecting workforce strategies to financial success.
HiBob will utilize Mosaic’s FP&A capabilities in the business to increase scalability, by helping better align workforces with financial goals.
How will the deal benefit customers?
By acquiring Mosaic, HiBob will leverage the company’s “intuitive” and “powerful” influence to transform financial planning into a streamlined process with a forward-looking strategy.
CFOs and HR leaders will also be better connected with workforce planning, compensation strategies, and financial forecasting, as the deal aims to bridge the critical link between HR and finance.
To achieve this, customers will receive “real-time insights” as to how their people strategies are driving business success while ensuring decision-makers are well equipped to make “smarter, data-driven choices” to positively impact a business’s employees and bottom line.
Posting on LinkedIn, Toby Hough, HiBob’s Senior People & Culture Director, EMEA adds: “This acquisition empowers CFOs and HR leaders with real-time insights into workforce productivity and financial outcomes, creating a people-first approach to sustainable growth. After all, putting people first is putting business first.”
HiBob’s CEO Ronni Zehavi said in a statement: “At HiBob, we believe putting people first is key to business success. By embedding Mosaic’s planning expertise into our platform, we’re introducing a fully integrated HR and financial planning solution.
This addition builds on our workforce planning, compensation management, payroll, and analytics offerings, helping CFOs take a people-first approach. It transforms the workforce from a line item into a strategic growth driver.”
HiBob is expecting the partnership to grant customers real-time insights that connect workforce productivity to financial outcomes, while also offering advanced tools for budgeting, scenario planning, and compensation analysis.
It will also allow businesses to see the direct impact employee engagement and productivity is having on financial performance while ensuring HR and finance can be aligned to drive sustainable growth.
