If you have a business, you must be very careful about the payroll process and HR processes. Always remember that a good human resource department is mandatory.
Especially if your business is spread all across the world and your offices/employees work from various parts of the world, you need to invest in global HR software.
There are several challenges related to the global payroll system, such as compliance, cost management, payroll accuracy, data security and maintaining confidentiality.
And one can only meet these requirements with the help of something like Microsoft Dynamics 365 Business Central.
DynaPay Human Resources & Payroll solution for Dynamics 365 Business Central is a great solution that you can opt for. It automates the most complicated pay role systems for accurate and seamless payroll processing.
Controlling all the processes that are scattered in different countries can be difficult if you want to do it manually. Think smart like a new-age entrepreneur and simply opt for global hr software that is affordable, feasible and provides an all-in-one solution.
DynaPay-BC is a Payroll and HR Management System that provides employee records management, payroll calculation and document management including expiry reminders. It is built inside the Microsoft Dynamics 365 Business Central.
It can be used from anywhere and at any time as long as you have access to the internet and a device such as a phone, tab or computer.
The best part is that employees are also able to log in to the Employee Self-Service system at any time and apply for leaves, check documents, change information, etc.
It creates a sense of connection with the company, which is very important especially if yours is an MNC.
Companies are growing beyond territories and new employees are getting recruited every now and then. While remote work is here to stay, organizations need to be feasible and must have expertise in managing payroll from a distance.
So are you still sceptical about your decision? If yes, then read on to know more.
- The key to global growth is an organic process and you need to get your hands on the right HR software to scale accordingly. The software will help you maintain efficiency and consistency related to payroll, time and attendance, employee records and reporting. A global HR system will provide consistent services to all your employees. The data set will be maintained on a centralised set of records.
- Managers can also use the same approaches when it comes to performance management payroll and retention. Secondly, a global HR system with standardized self-service functions for all staff irrespective of location also provides a global internal brand. This organizational identity is very much required when you are maintaining employees in various parts of the world.
- Improved engagement: A centralized HR system includes functionality for staff to connect and communicate as well as collaborate. This is one of the most important benefits of a global HR software system.
It also helps in streamlining your supplier list and cut down on various kinds of unnecessary complications. It will leave you with more time to focus on your core business.
In fact, your HR team will thank you for this investment because they will also not be bogged down with unfamiliar employment and taxation laws which differ from one place to another.
- Cost cutting: Human resource software helps global businesses to save money. It contains various expenses which can multiply when you have various systems. So take a smart decision and make sure you invest in a global HR system.
So these are a few reasons why you should invest in a global payroll system without any further thoughts. You can sign up for better employee engagement, team collaboration and more peace of mind with a global HR system.
The implementation of a single system will help you do your taxes and maintain compliance in an easier way.
Dynamics Business Solutions (DBS) is certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements. DBS has developed in-house state of the art solutions for HR and Payroll, Dynamo and DynaPay on top of Microsoft Dynamics 365 FO and Business Central respectively. These solutions are catering the all business needs of HR and Payroll departments. We provide best services and support to our clients.