What is HCM?
Human capital management (HCM) is the process of hiring the right people, managing workforces effectively, and optimizing productivity. It has evolved from a mostly administrative function to a critical enabler of business value. But how does ADP HCM software achieve this?
Human capital management can improve workforce productivity and help HR managers hire, engage, and retain employees. In an integrated HCM solution where HR Services are unified, you may also be able to eliminate costly redundancies and synchronize data into a trusted source of decision-making.
Why human capital management (HCM) is important
Human capital management strategy is critical to your success because payroll and HR across every functional area of your organization and affect every employee. Evolving market forces also make HCM increasingly important. These trends include:
- Changing workforce demographics and the ability to get work done in remote environments
- Expanded availability of contract-based and freelance employees
- Increasing compliance regulations in both the United States and other countries
- Tightening labor markets and the need for specialized skills
- The prevalence of team-based work structures
- An explosion of available workforce data
How human capital management technology can help your organization
- Make data-driven decisions
Predictive analytics and forecasting may lead to better decisions about compensation packages, work schedules, potential turnover, and more.
- Encourage business growth
Cloud-based solutions that are adaptable and expandable allow for the management of more employees, transactions, and data.
- Increase profitability
Automated workflows that replace manual tasks may reduce direct labor costs and administrative expenses.
- Optimize talent strategies
Chatbot-assisted applicant screenings, multimedia-based training, and mobile self-service options are just a few of the ways technology can improve how you attract and retain talent.
- Secure data
Multi-layered protection and public-facing security alerts can help prevent data breaches and fraud.
- Improve regulatory compliance
Global and local monitoring capabilities may allow you to stay current with changing regulations.
Why Alta Vista chose to partner with ADP – Workforce Now
Streamlining the flow of information between your HCM and ERP applications can result in less time spent on administrative tasks and more time spent on the people who help your business grow and thrive.
ADP is one of the world’s most innovative, comprehensive global providers of cloud-based HCM solutions. There’s rarely a one-size-fits-all HCM solution. With ADP Workforce Now, you are offered a highly customizable technology, so you can choose the best solution for your business while remaining scalable to meet your future needs. Whether it’s stand-alone technology or full-level service with HR outsourcing through a PEO model, ADP offers reliable options to meet you where you’re at and get your business where it’s going.
ADP’s integration with the ERPs we support:
Sage Intacct & ADP
Rather than duplicating time, dimension values, payroll and expense reimbursement data into two systems, information can now be securely shared between ADP and Sage Intacct with a few clicks of your mouse – dramatically reducing the chance for errors and saving significant time and effort!
Features & Workflow:
Microsoft Dynamics 365 Business Central & ADP
Make updating financial data easy by seamlessly passing payroll journal entries and employee data from ADP Workforce Now® to your business management system, Microsoft Dynamics 365 Business Central.
If you would like more information on how ADP HCM software can help you elevate your hiring process and better manage your workforce and productivity, please reach out! You can give us a call at 855.913.3228 or shoot us an email at email@example.com. You can even fill out our simple web form and someone will reach out to you within 24 hours. At Alta Vista Technology we take pride in being part of your solution.