Does your company’s human resources department still use legacy systems or those that are already outdated? Does your HR team still face a heavy manual workload every day just to finish payroll processing on time? The tasks of HR units are now ever so complex that a number of systems are being utilised as every unique HR need arrives. But a move towards an HRMS payroll system will change everything.
This system does not only make the processing of payroll easier. It also integrates other company systems like finance, to make HR-related activities in accord with company needs.
An HRMS payroll system is a great alternative for many bookkeeping tasks that HR has to share with the accounting or finance department. These include the computation of pay and reimbursements, which are very particular concerns that accountants partake with HR staff.
Centrality of records
The bookkeeping records, which are a very fundamental part of an organisation’s operations, when centralised, will allow flexibility and convenience of access. The ease of managing deposits or calculating for extra pay is well within a payroll system’s capabilities.
With the centrality feature, the interlinking capability of payroll systems can be programmed with finance, for example. Issues with missed work, pay cut-offs, and other related concerns can be designed in accordance with HR requirements.
Tracking hours and participation
Tracking time spent for out-of-office paid activities, missed hours or days, as well as absences, are time-consuming tasks. Now, these basic tasks require automation to address changes or adjustments to a worker’s payroll quickly. And only an HRMS system can best foot the bill.
HRMS payroll systems allow organisations to unify, or at least, integrate HR and non-HR functions to facilitate payroll processing effectively and efficiently. Particularly with the aim to expand operations or redress problematic system processes, businesses will find payroll systems a win-win solution.