Guides on Human Capital Management

3 Ways an Integrated HCM Benefits Payroll

Here you'll find a variety of guides, whitepapers, and eBooks that cover a wide range of topics on HRIS, Canadian Payroll, People Management, and more.

Issue link:

Contents of this Issue


Page 1 of 6

3 Ways an Integrated HCM Benefits Payroll ©2014 Avan So ware Inc. All rights reserved. Payroll and Human Resources have the same goal– to have happy employees. With a single integrated solu on, both Payroll and HR have access to the informa on they need without ever having to worry about duplicate entries or having to rely on complicated user interfaces. Having a solu on that's easy to use with all the informa on in one place leads to a unified and collabora ve employee management approach. Payroll and HR use the same data for different purposes, so having the ability to report on that data from a single repor ng source makes sense for visibility, planning and Business Intelligence (i.e. Payroll needs vaca on data to pay the employee and draw down the balance owing). Integra on means be er informa on sharing and synergy between the two departments. It ensures that both teams have access to the most up-to- date and accurate employee informa on– they are both "in the loop". Here are 3 great examples of issues that our clients tell us over and over again that an integrated solu on helps them with from a Payroll perspec ve. • Minimize data entry and administra on; • Processing employee benefits; and • Tying G/L codes to HR posi ons 3 WAYS AN INTEGRATED HCM BENEFITS PAYROLL INTEGRATING YOUR EMPLOYEE MANAGEMENT What is HCM? Human Capital Management (HCM is a strategic approach to the management of an organization's most valued assets - the people working there. It consists of Payroll, HR and Time & Attendance. By: Marlo Hertling

Articles in this issue

view archives of Guides on Human Capital Management - 3 Ways an Integrated HCM Benefits Payroll