FinancialForce delivers the #1 professional services automation (PSA) and the only customer-centric ERP. We accelerate business value with comprehensive best practices and the most intelligent analytics—all on the leading business cloud platform from Salesforce. Founded in 2009 and headquartered in San Francisco, FinancialForce is backed by Advent International, Salesforce Ventures and Technology Crossover Ventures. For more information, visit www.financialforce.com.
Financialforce HCM publishes online software that helps modernize HR processes. vv For more information about Financialforce HCM see the about page. When choosing your online software, one of the many things you will want to know is if the publisher will be around for the years to come. Sometimes it can be helpful to take a look at the careers page as a growth indicator. Many companies entrust Financialforce HCM with their HR software needs for better productivity. Financialforce HCM regulary publishes articles about good HR practices and new releases of its software. Jeanne Urich writes all of the articles. The articles treat subjects like Innovation, Professional Services and Finance. The company has 762 employees. Financialforce HCM was founded in 2009.
The HRIS system from Financialforce HCM helps organizations collect, store, and manage employee data. It’s a robust tool that can streamline many of the human resources management processes and help HR managers and recruiters stay organized.
Financialforce HCM also makes it easier for non-HR employees to access and edit their information. Financialforce HCM can integrate seamlessly with your existing HR management systems, offers impressive data security features, and has an intuitive user interface.
HRIS in HR stands for human resources information system. It’s used to collect and organize an organization’s employee data. Generally, an HRIS will include all the basic functionalities needed for human resources management.
The primary purpose of HRIS is to offer accurate and relevant information about employees to a company’s HR department. It’s also useful for employees to get information about themselves and also regarding the functioning of the HR department. In short, an HRIS collects, processes, and stores information for efficient management of human resources.
HRIS tools are SaaS-based software applications that can assist HR departments in managing employees, procedures, and policies. They are database-oriented and make it easier to perform activities such as time and labor management, employee engagement, and performance management.
Although an HRIS may seem to be a tool used by the HR department alone, it isn’t. Instead, it’s used by every employee in an organization to access some HR-related information and functions.
Some of the types of HRIS systems are:
Recruitment is a costly and time-consuming process and an HRIS system streamlines it. Along with enhancing the HR processes, an HRIS promotes remote recruitment and collaborative hiring. It can also offer deep insight into hiring strategies and can also simplify internal processes like promotion.
HRIS is equally important for both the HR employees and the non-HR employees. It acts as a centralized database that stores critical employee information such as personal information, compensation, and benefit choices. An HRIS also eliminates human errors and data duplication.
The core components of an HRIS system are:
Of course, an HRIS includes payroll functions along with other features for employee management, recruitment, time and attendance management, and performance management.
A few of the many advantages of using an HRIS are:
Simply put, an HRIS solution is the amalgamation of information technology and HR activities. It is used for data entry and storage, tracking and managing employees, and also for payroll and accountings.