Blog
February 2nd, 2011

The Future of HRM Technology

The next five years will see the maturation of the internet’s influence on business applications, including payroll, HR and accounting applications. The evolution of cloud computing combined with new client expectations means technology service providers must offer tightly integrated solutions with real-time data access and decentralized entry points. There is a push towards enhancing the end user experience through browser-based models that offer easy access to self-service functions, workflow notifications and online knowledge bases. A superior system must also provide targeted Business Intelligence about costs, productivity and key performance metrics on top of robust processing functionality. Behind the scenes, we’re seeing an ongoing shift in database power and organization that lets smaller organizations do more with less, leading to more outsourced or Software as a Service offerings.

The goal is to augment functionality within a familiar framework, so that it is easier to get more out of existing systems without increasing training costs and time. Tighter integration through backend systems like Microsoft Dynamics AX means increased information sharing between the software used in different departments like payroll, HR and accounting. Administration is simplified because the data is shared in real-time, so information entered in the HR department that affects employee benefit eligibility or certifications can drive functions in the payroll software automatically. Additionally, workforce management is streamlined through browser-based interfaces that allow employees to submit leave requests, update address information and other self-service functions through mobile and remote web access. Both of these enhancements reduce the time and errors associated with data entry. The introduction of workflows also means more efficient allocation of responsibilities. Workflows trigger tasks and notifications for different team members based on your organization’s business practices, rationalizing collaborative procedures within your technological architecture.

Loki Systems has leveraged our close partnership with Microsoft to take advantage of these new innovations. Building on Microsoft’s Dynamics AX as a backend system allows our HR, Payroll and Scheduling solutions to be fully integrated in a flexible and powerful platform. This provides greater visibility and real time access for multiple users, as well as highly granular role-based security and advanced workflow capabilities. Building on backend systems like Dynamics AX means a wider range of services can be developed within one platform, so a suite of integrated products can be offered without significant marginal cost. It allows us to generate a higher return and wider benefits for any IT investment because the system architecture can be easily expanded to include new functions. The AX platform also enhances Business Intelligence by combining the reporting services of Microsoft SQL Server with Loki’s effective-dated historical transaction records. Complete and auditable records of all payroll, HR and scheduling transactions are retained automatically and can be used to generate essential KPIs concerning costs and productivity. The latest version of our StaffRight® product also features a browser interface using Microsoft Silverlight for increased self-service functionality with a familiar look and feel to other Microsoft products that decreases training time and increases user adoption.

Loki Systems is a Canadian company committed to delivering cutting-edge technology and expert professional services to our global partners and clients. We invest 30% of revenues into R & D, and are also a winner of Microsoft’s IMPACT award for software innovation.

facebooktwittergoogle_pluslinkedinmail

Leave a comment







Categories
Latest Posts

This year, Microsoft is changing it up with the introduction of Envision, a new conference tailored for business leaders in operations, finance, sales, marketing and IT. Envision will replace Convergence as the go-to conference for business leaders and will provide emphasis on 8 industries: Manufacturing and resources Retail and consumer packaged goods (CPG) Financial services…

Compensation can be challenging and time-consuming to administer. There are so many different ways to calculate a person’s compensation whether it’s fixed, variable, a mix of both, involves pay grids, salary bands, or involves stock options. That’s still before taxes, benefits, deductions, allowances and overtime are applied. There is so much that goes into coming…

Using position management to manage your workforce is not just for organizations with employees working multiple positions, but can be applicable and beneficial to any organization. Position management is a type of relationship between positions, jobs, employees and the organizational structure. A position is seen as an empty chair that inherits and maintains job information…

Products
Blog
April 1st, 2016

This year, Microsoft is changing it up with the introduction of Envision, a new conference tailored for business leaders in operations, finance, sales, marketing and IT. Envision will replace Convergence as the go-to conference for business leaders and will provide emphasis on 8 industries: Manufacturing and resources Retail and consumer packaged goods (CPG) Financial services…

January 14th, 2016

Compensation can be challenging and time-consuming to administer. There are so many different ways to calculate a person’s compensation whether it’s fixed, variable, a mix of both, involves pay grids, salary bands, or involves stock options. That’s still before taxes, benefits, deductions, allowances and overtime are applied. There is so much that goes into coming…

December 3rd, 2015

Using position management to manage your workforce is not just for organizations with employees working multiple positions, but can be applicable and beneficial to any organization. Position management is a type of relationship between positions, jobs, employees and the organizational structure. A position is seen as an empty chair that inherits and maintains job information…