5 Top Tips To Choose A Perfect HRMS Product For Your Business

When you have to manage the vital assets in your business, nothing compares to the expediency of HRM system. From on boarding and enrollment to reimbursement and guidance, the true HRMS will offer a vital spot wherever all apprentice and purveyor information is amassed and thoroughly supervised. A respectable HRMS system permits the organization to examine at a glimpse to the employees square measure being managed well, with metrics to try the revisit on venture.

Because of improved novelty and competition in HRMS market you can avail different choices. HRMS software has its own characteristic qualities that can boost a person capital strategy.  HR products offered by Interbiz Solutions can help all the various parts of your company work better as well. 

Below are the 5 Core Benefits of implementing Interbiz Solution’s HRMS products that your organization of will enjoy: 

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Productivity 

The most obvious benefit that HRMS software offered by Interbiz Solutions can provide is in the realm of productivity within your HR department.  Implementing their HRMS product can automate a huge number of HR functions, that comes equipped with notably payroll and benefits administration.  By doing so, it frees up your HR workers to focus on other potential issues like attracting new hires and employee training strategies.

Morale

HRMS software that can handle automatic benefits administration allows your HR workers to not just move on to other issues as noted above, but also gives your non-HR employees the ability to manage their own benefits.  This feeling that they’re in control can help provide a boost of morale throughout your company and is a vital part of good HR software systems.

Reduced Errors

Human error can result in serious complications both financial and legal.  A misplaced decimal point could cause serious issues. Having implemented Interbiz Solution’s HRMS software will help you to automate the most common processes such as payroll information, and the automation.

Compliance 

As mentioned above, errors can cost you.  Large, small, and mid-sized companies must all comply with a number of state and federal laws and managing the information of your employees can be tricky.  Interbiz Solutions HRMS software provides easy methods for managing all aspects of your business including compliance related information.  Put simply, HRMS software can keep you on the right side of the law.

Metrics

Businesses must constantly review information and devise strategies based on their own inner workings and their competition.  HR software usually includes HR metrics tools that allow you to accurately gauge issues such as turnover rate and hiring costs.  By implementing HR software in your business you’re giving yourself numerous tools that can be used to devise business strategies.

Interbiz Solution’s HRMS Product (27/7 HRM) can handle numerous tasks including payroll, benefits, attendance info, performance information, and much more.  It is one of the most valuable investments that your organization will make.

Choosing the right HRMS Product for your business

The right HRMS product can provide you with a central location for storing and monitoring employee data. Some of the data that you can record and monitor includes compensation, training, recruitment and on-boarding.

Every human resource management system differs in terms of features and benefits. It can therefore be challenging for human resource departments to find the HRMS that suits their needs. The following are five tips to choose the perfect HRMS product for your enterprise.

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Not Just Choosing Right HRMS Product But Choosing Right Vendor – Interbiz Solutions LLP

All Your HR & Payroll Processes On One Platform

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HR software suite simplifies all your HR management needs from payroll and taxes to performance appraisals and time tracking:

Payroll & Expense Report

Interbiz Solution’s Payroll and Expense feature in 24/7 HRM offers a complete easy-to-use payroll for small and big business. The feature suffices the needs of payroll. It takes care of all your requirements relating to accounting and expense management of employees’ Payroll. It also allows employee to view there details of payroll and can take required action in the system.

Employee Self-service Portal

Interbiz Solution’s 24/7 HRM saves your manager time by allowing App/Email and ESS based work flow approvals. Manager will be more responsible as they will approve their team members leave, attendance, travel application. They will also review performance and ensure that team is delivering as per your company’s goal/vision and mission.

You can also build custom workflows like Employee to Manager or Employee to Manager to HR etc.

Fully Integrated HRMS

It offers a complete HR software solution that automates the operational needs of management from files to skills to letters and beyond.

Attendance and Leave management

Interbiz Solutions’s Leave and Attendance Management module automates your HR leave and attendance policy. It lets you configure your HR workflows so that the right supervisors or HR personnel is informed for employee leave applications.

Approval processes are faster with dashboard, email, and SMS notifications — saving time for the employee, supervisor, and HR. Employees have the answers to their leave and attendance right on the employee self-service portal. When the employee applies for leave, available leave is calculated, including paid time off, or leave without pay and displayed.

Statutory Compliance and Income Tax

It provides continuous support and updates to help you manage the complexities of various legislations. Also pro-actively keep abreast of market dynamics peculiar to your business and offer regular legislative updates that will help you respond with agility to the constantly evolving landscape of statutes and labor laws.

• Salary Statement & Bank Advice & Bank Transfer (Online)
• TDS , Form 16 Generation & IT , YTD Statement
• IT declaration with document upload Management
• Reports – Payroll/Statutory/Variance

Performance Appraisals

Interbiz Solution’s 24/7 HRM (HRMS Product) performance appraisal feature allows you to achieve 100% participation through a seamless, accurate, and secure appraisal process.

Skill Management

It allows maintaining the inventory of skills and competencies. The product lets you:

• Map skills to positions
• Capture employee skills
• Find employees matching required skills
• Skill gap analysis 
• Customer Support

Why Choose Interbiz Solutions 24/7 HRM Product?

• Mature HRMS solutions which have been in the market for over 12 yrs
• 600+ clients with over a Lac of employees successfully managed by their HRMS solutions.
• Core team has a cumulative experience of over 60 yrs in HR
• Management team has run 3000+ man organizations and understands the needs of an organization with a large Human Resource.
• HRMS solutions are their passion and expertise

Get In Touch 

Interbiz Solutions LLP is a leader in providing solutions across the gamut of HRMS solutions. Their products have been consistently serving our customer’s needs effectively for over 10 years. More than 600+ clients across top 20 industry verticals have been using 247HRM to address their critical HRMS applications.

The company has consistently upgraded 247HRM to keep up with the evolving needs of our customers. Their focus and strength has been single point data entry that flows through their entire suite of applications thus ensuring integrity of data,reduction of paperwork & reduction in time spent on day to day HR processes to help you focus on your core needs.

Some of the prestigious brands that Interbiz Solutions LLP have worked are: