Majority of companies investing more in HR systems
Human resources (HR) can be expensive to manage, and studies show that companies are continuously funneling more money into their HR departments. From increasing personnel to investing in sophisticated HR systems, this can be a costly area of your business that requires great thought and deliberation to get right.
According to Talent Management, a majority of companies have increased their HR spending in the last year alone. This upward trend reflects the growing needs and pressures to execute hiring, payroll and other human resources tasks effectively. As these areas become increasingly modernized, tech plays a more critical role in ensuring that your workforce is managed and rewarded as efficiently as possible.
One of the benefits of an enterprise resource planning (ERP) platform is the flexible modules for HR tasks that can be integrated within your business' central nervous system. This provides a centralized way to oversee tasks like payroll, hiring and benefits disbursement at the touch of a button. Companies that are reliant on old paper systems may get bogged down in the inefficiency and minutiae of performing tasks by hand, completing forms and keeping track of documents. Even online legacy systems can be clunky and difficult to bring into the next phases of HR innovation and development, particularly where compliance and reporting are concerned.
Solutions like the Microsoft Dynamics NAV, which we're experienced deploying at Accent give decision makers a new and convenient way to manage HR, and to improve communication between departments about HR-related business matters. Contact us today to learn more about how an ERP platform can take your business management strategies to the next level, simplifying procedures and improving processes like reporting.