Introduction

Payroll and human resources management represents the largest expense for most companies. In recent years, CFO’s and finance professionals are under increasing pressure to manage and justify HR spend. This report provides valuable insights into emerging payroll and Human Resource Management (HRM) technologies that provide companies tools to streamline and simplify the tricky process of managing human capital. The report provides current payroll and HR trends, statistics and a detailed view of today’s HRM solution providers. This Technology Insight report is for finance professionals who are actively seeking information regarding the value of payroll processing and HR technologies, in an effort to improve productivity and simplify administration.

Audience

Payroll, Human Resources, Accounts Payable and Finance managers at small to medium sized businesses (SMBs), those with annual revenues under $250 million, who understand the basic concepts and opportunities around outsourcing payroll and HR and are seeking information on outsourcing. The report will be targeted to individuals who require detailed payroll and HR outsourcing vendor and product information to identify and select an appropriate solution for outsourcing. The report will assume that the reader is evaluating vendors and formulating a strategy to outsource payroll and HR.

Objective

The primary objective of the report is to increase Payroll, Human Resources, Accounts Payable and Finance managers’ ability to distinguish between HRM solution providers and the various products and services that they offer. The secondary objective is to help HRM providers further develop and differentiate their product and service sales through comparative assessment with other payroll and HR technologies and services.

Report Scope

The CFOs Guide to HRM discusses the differing solutions available from leading HRM solution providers. PayStream Advisors actively works with managers and decision makers in large multinational enterprises to provide them with deep insights into the best practices around Human Resource Management, as well as unbiased viewpoints about available eInvoicing solutions in the market.

PayStream has identified a lack of analytical coverage in this arena. This analysis will focus on Core HRM offerings such as Employee Document Management, Demographic Analysis, Payroll & Compensation Management and Administration, and Absence Tracking. This report is aimed at educating the growing number of companies that are interested in automating time-consuming HR processes such as new-hire document processing and complicated payroll systems as well as gaining business intelligence tools to increase visibility into employee performance and HR expenditures.

 

Table Of Contents

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• Table of Contents
• Introduction
• Building a Case for HRM Solutions 
• HR Challenges 
• HRM Universe 
• Key Drivers for HRM and Payroll Automation
• Selecting a HRM Provider 
• Conclusion
• iCIMS Profile
• Kronos Profile
• NetSuite Profile
• Recall Profile
• About PayStream Advisors