GoCo announced product enhancements and new features, which the company hopes will add more flexibility to its solutions and further its vision of modernizing the HR experience. The features include time tracking geofencing, AI-powered document creation, an updated workflow UI and embedded payroll.
According to Chief Product Officer Michael Gugel, the launch furthers the company’s goal of creating an all-in-one HR platform.
Geofencing can track and limit the locations where employees’ clock in and out, the company said. The addition of geofencing will help ensure transparency by allowing users to keep track of the “what, when and where of employees’ hours,” it believes.
Meanwhile, document templates and first drafts can be automated with GoCo’s new AI software. With the AI, HR professionals can save time on the manual creation of documents such as job offers or contractor agreements. GoCo also added customizable folders to help organize digital files and streamline the administrative process of finding, sending and signing documents.
The company also added a new default screen in the form of Employee Home, which GoCo said will provide an efficient experience that’s action-oriented to streamline employee experience and onboarding.
Finally, GoCo made adjustments to its payroll software by embedding features of Gusto, which allows employers to run off-cycle payroll and correct or cancel payroll items before they’re processed. The company hopes the news features will make its solution more flexible.
In March, GoCo acquired Toronto-based WFHomie, an employee experience and people analytics platform for remote-first companies. At the time, the company said its goal was to help customers automate their HR workflows to be more efficient and intuitive for employees. The acquisition followed GoCo’s $15 million funding round led by ATX Venture Partners. That represented a significantly higher valuation than its $7 million Series A round in February 2019.