I think we would all agree that HR and payroll are two of the most vital functions to any business. Whether your business has just started, or whether your business is an established multinational, integrating your HR and payroll is a life saver! Here at XCD HR we are very proud of the fact that we are the only company using the fantastic Salesforce platform to provide an integrated HR and payroll solution in the cloud. This means you get the power of Salesforce with the smarts of XCD.
So getting to the specifics, what does the integration of these two vital processes mean for your business? Well simply put, it’s cheaper! In fact, integrating your HR and payroll can save up to 40 hours of administration a week by not having your HR professionals completing data entry of the same information more than once. Effectively, that’s a whole person’s salary you no longer have to pay!
Furthermore, because it’s in the cloud there is no need to buy expensive equipment or software, as all you need is a computer with an internet connection. This is not the only means of which you will save money; most on premises solutions require that your business pay for any upgrades to the system. Not the cloud. No, instead all upgrades are made without the need to commit to an hour long download or pay any extra money just so you can access the new features.
Of course integrating HR and Payroll is not just about saving money (although this would make the finance department extremely happy), it is so much more than that. It is about making HR and payroll much more efficient. For instance, having one database means that the information is not only available, but changeable to both HR and Payroll. If we include self-service as well, this means you no longer have to rely on employees giving you their documents/ changes of circumstances, as they can do it all themselves at a click of a button, while the level of accuracy should be higher as employees are filling out their own information (I mean they should know it!). Cutting out the middle man means that your HR professionals can focus on other, far more important tasks.
Having both your HR and payroll under one solution also means that regularly requested management information is at your fingertips. Attempting to produce such reports without integrated software is difficult, if not practically impossible. Furthermore, real time information (RTI) and self-service functionality means that the data feed will always be correct, ensuring the decisions made are based on accurate robust data. Integration also ensures greater security across both systems, as HR will not be able to alter or access the relevant information that is purely the remit of payroll and vice versa.
The positives set out here merely scratch the surface of what integration of HR and payroll can do for your organisation, whether it be in terms of saving time and money, or making your business’ processes more streamlined and efficient. So I ask the question, why have you not integrated your HR and payroll yet?!