Why the ELMO (ASX:ELO) share price will be on watch this morning

ELMO Software Ltd (ASX: ELO) shares will be in focus today after the company announced it has launched another new product. At Friday’s close, the ELMO share price finished the week at $5.70.

Let’s take a closer look at what the cloud-based human resources and software solution provider announced. 

New module launch

ELMO shares could be on the move today as investors digest the company’s latest new release.

In a statement to the ASX, ELMO advised it has launched its ‘Predictive People Analytics’ module.

Developed in collaboration with the University of Technology Sydney, the module uses artificial intelligence to predict employee behaviour. This includes identifying such things as a high-performing employee who might…