Although often overlooked, integrating payroll and human resource functions with your financial system can be immensely worthwhile – read our article to find out why.
ERP systems commonly offer integrated software solutions encompassing all areas of operations like manufacturing, distribution, finance, and procurement. However, payroll and HR integration are often overlooked. Payroll involves multiple stakeholders performing different activities, so manual entry of the payroll expense into the General Ledger can be quite cumbersome and error-prone, says Enprise NSW Sales and Marketing Manager Helen Marx.
“Integrating payroll and HR with your financial systems can streamline many of the daily tasks and information processing required to efficiently manage day-to-day business operations,” she says.
“It also enables the seamless sharing of information across your business. When data is captured in the payroll module, it can be reflected in the General Ledger module – which prevents the duplication of effort and errors, and eliminates the cost of custom integration between modules.”
Enprise customers are having good success with combining the financial and business management modules of MYOB Exo Business with Exo Employer Services payroll and HR modules. This builds a fully integrated management solution that fits your individual operational approach. The benefit of this is simple – you have a framework that's strong enough to meet your needs, yet flexible enough to grow with you.
MYOB Exo Employer Services gives you control over all aspects of staff administration – from managing HR records to capturing time, planning rosters, streamlining payroll and web-based leave calendars – and helps you manage and communicate with your people, wherever they’re based.
Australian customers are currently especially interested in using time clocks such as card swipes and finger biometric scanners, Helen Marx says.
“I’m also getting a lot of customer enquiry about EXO MyStaffInfo, which removes paper-based leave processes and cuts administration time,” she says.