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December 10, 2020

Cloud ERP: 4 Ways It Improves Your HR & Payroll Efficiency

Enterprise Resource Planning (ERP)

Enterprise resource planning (ERP) programs aren’t new to organizations. Many companies manage various arms of their day-to-day business activities with the help of this software. From project management to operations and accounting, ERP helps improve the organization’s overall efficiency, resulting in lower operational costs and increased productivity.

With the power of cloud-computing technology, ERP software becomes even advantageous for companies. Cloud-based ERP systems offer customizability, mobile and remote access, better integration and scalability, and additional features. One popular example is the Oracle Cloud ERP, which offers seamless functionality across finance, HR, supply chain, and customer experience.

Specifically, cloud ERP helps you organize your most valuable resource – your people. eVerge Group shares how cloud-based ERP can improve your HR and payroll processes.

1. More Efficient Recruitment

ERP solutions enable the management and individual departments to evaluate their workforce needs based on their projected and actual output. The results are more accurate, helping your recruitment team determine how many people they need to hire for which positions.

HR ERP implementation provides recruitment data and tools that help you find top talents. It enables you to make data-driven hiring decisions so that you can find employees that are not only skilled but would also thrive in your company culture.

2. Better Upskilling & Training Programs

Many companies struggle with training and development. Some development programs can be repetitive, providing little useful knowledge and insights to employees. In other organizations, they find it challenging to maintain a consistent training path for their staff, denying them the opportunity for upskilling.

With a cloud-based ERP, your HR department can design better training programs for your employees. You may track who has completed which modules, ensuring the completion of your mandatory training. HR ERP also lets you develop and deliver digital training options that are perfect for remote work arrangements.

Onboarding new employees also become more manageable with a cloud ERP. You can design programs that adequately prepare them for their new roles.

3. Improved Staffing Strategies

An ERP system helps companies better understand their staffing needs throughout the year by looking at historical data. When is your peak season? When does turnover increase? Which employees exhibit absenteeism or presenteeism?

By knowing this information, you’ll be able to predict when you need additional manpower. You can also plan your staff schedules more strategically, depending on the performance of your employees. It helps you reduce absenteeism, helps low performers become more effective workers, and boosts your overall productivity.  

4. Automated, Accurate Calculations

One of the most significant advantages of cloud-based ERP is automation. This feature lessens the burden of your payroll staff. They don’t have to do the calculations manually or input the figures on their database – the ERP software does it all for them.

Plus, automation minimizes errors in your payroll. The ERP automatically records the number of leaves taken, overtime, and other benefits and makes the necessary deductions. Your employees can expect accurate paychecks on time, which helps boost their trust in the management.

Cutting-Edge Cloud-Based Solutions

At eVerge, we use our expertise in multiple platforms to build customized digital solutions for our clients. We’ll discuss your business needs and short- and long-term objectives, then create innovative cloud-based solutions that catapult your business.

Get in touch with us today to learn more about cloud ERP and how it can help your business grow.

Cloud ERP: 4 Ways It Improves Your HR & Payroll Efficiency

December 10, 2020

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