Bridging performance gaps
FAs it stands, the wash up from the pandemic has left many organizations in a state of flux; in a position where structure and business objectives need to be agile enough to at least get back to the financial position they were in at the start of 2020.
By putting in the processes and technologies that will plug data leakage, costs will immediately start to be reduced and the data essential to creating the intelligence that links all the departments that touch the workforce will be produced.
With advanced workforce analytics and labor cost optimization enabled with this data, it’s now possible to identify and recover sources of workforce overspend. The cloud-hosted software automates the extraction, analysis, modelling and monitoring of previously hidden workforce risks and costs.
To be successful, these departments can’t continue to operate independently. Each is linked by the creators and deliverers of products and services – the people who are paid. The business intelligence created in a standardized digital payroll processes needs to be available to the finance, HR, business development and other core functions to mold current and future business objectives using real-time, retrospective and future data intelligence and projection models.