The Syndio platform already helps global organizations analyze, manage, and improve payroll decisions at scale, and the addition of Embrace.ai’s AI Forward team will help expand the platform with new agent capabilities, Syndio said in a press release Tuesday (June 23).
Embrace.ai focuses on agent AI and was built to bring AI-driven automation across business workflows, according to the release.
Syndio CEO Maria Colacurcio said in a release that pay decisions require AI that understands a company’s domain, data, and governance expectations.
“The Embrace.ai team was built on exactly that principle,” Colacurcio said. “They bring a governance-first approach to enterprise AI and deep operational experience helping organizations configure, control, and deploy AI agents with the right guardrails. Their expertise will help us move forward significantly faster as we build the next generation of pay intelligence.”
The entire Embrace.ai team will join Syndio’s product and go-to-market organization. Derek Butts, co-CEO and co-founder of Embrace.ai, will join Syndio as senior vice president of product strategy, and co-CEO and co-founder Seth Halpern will join the company as a strategic advisor, according to the release.
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“We are excited to combine what we learned at Embrace.ai in building and delivering an AI-native platform with Syndio’s leadership in driving pay decisions for global enterprises,” Butts said in the release.
Milan Parikh, chief financial officer at Syndio, told PYMNTS in an interview published in January 2023 that the company is building a platform that leverages digital technology and software to help companies achieve transparency around workplace equity, providing organizations with continuous insights and analytics to monitor the impact of employee payroll expenses tracked against equity key performance indicators (KPIs).
Syndio announced in May that it had rebranded its platform as Decision Intelligence for Pay and added a new AI-powered product called Decisions that brings real-time payment intelligence to people to make pay decisions.
In announcing the addition of the decision, Colacurcio said the compliance report was not the real issue.
“The real issue is pay governance at the point of decision-making, and managing it properly is one of the most tangible financial advantages a company has,” Colacurcio said.
