This is a pretty cool application for HR. And the price is top-notch in this tough economic environment. I got this info from MrTed:

Seizing on the opportunity to help cash- and credit-strapped small and midsized businesses, MrTed Ltd., a recognized leader in talent acquisition solutions, today announced the beta availability of SmartRecruiters, a 100% free applicant tracking system (ATS) for corporate recruiters and hiring managers. Designed for businesses with as many as 2,500 employees, SmartRecruiters is easy to use, works in two minutes, and runs every facet of a recruiter’s business.

SmartRecruiters meets the needs of a new generation of Web savvy SMB recruiters. Unlike their predecessors, SMB recruiters in 2008 are very comfortable using online tools to find and recruit employee talent. SmartRecruiters fits this mold—and breaks the mold of conventional ATS products—by combining powerful functionality with ease-of-use.

Everything You Need From an ATS – Except the Invoice
SmartRecruiters is free, limitless and easy to use, with an open architecture that connects users to other recruiters and essential pay-per-use services such as job posts and background checks. A solid set of features allow recruiters to tailor the look-and-feel of corporate career Web sites, front office and online application forms. Recruiters can edit job ads in real-time, rate candidates, screen candidates and track history of actions and interactions with candidates—all for free from within the application. Users never pay for application hosting, installation, maintenance, upgrades, additional users or storage, and the system is so easy, zero training is necessary. SmartRecruiters is EEOC and OFCCP compliant.