This ‘information gap’ has become an increasingly serious barrier to excellence for HR professionals
Fairsail Payflow illuminates data black hole
READING, UK 25th August 2011, Fairsail, the leader in Total Talent Management, today announced a new Payflow module for its popular cloud-based HR solution, solving the most intractable issue in employee rewards; sharing information across the myriad of HR-related systems used by companies for payroll bureaus, employee benefit enrolment and Human Capital Management (HCM).
Fairsail Payflow provides the link between HR systems: payroll agencies, benefit providers, and other HR and ERP systems. As outsourcing payroll has become commonplace by many corporations, companies have ended up with several incompatible or ‘narrow’ systems from different suppliers, each with its own version of data, as their HR needs become increasingly sophisticated. Worst still it is not unusual for a member of a company or team to completely vanish from a HR system due to complicated and manual input mechanisms; with Fairsail all HR, payroll and benefits information is available in one place.
As payroll usually offers the most up to date HR information, linking it with other HR functions in an automated manner is a logical step. By combining the latest payroll data with Fairsail’s HCM systems new analytical functions unavailable in the past become available. For example companies can now compare the earnings of one employee based in the US to one based in the UK, evaluating cost, performance and skill sets. Such in-depth payroll and HCM analysis is unique to Fairsail and has global reach, revolutionizing people management and out dated payroll and offering an insight into the company’s structure previously unavailable.
Nic Scott, Fairsail CEO, said: “In most companies with multiple HR systems data often seems to fall into black holes, as it is only available and up to date on just one of those systems. This ‘information gap’ has become an increasingly serious barrier to excellence for HR professionals concerned about employee motivation and retention as the combination of both increasingly matter and staff.”
As many organizations struggle due to economic pressures and others join forces to combat the strains, having a system designed to collate and manage across multiple offices, departments and countries can bridge the information gap presumed by many HR systems.
Benefits of Fairsail Payflow for businesses include:-
• Increased administrative accuracy and better control of costs
• Ability to offer more attractive and customisable employee benefits from a wider range of suppliers
• Ability to manage and control multiple payroll providers and benefits providers
• Able to manage and control monthly, bi-weekly and weekly pay cycles
• Faster implementation of performance rewards
• Ability to account for regional variations between employee benefits and taxation regimes on a global basis
• Employees get easy online access to clearer information and to self-enrol for their benefits
• A single source of online information for payroll and benefits queries
Fairsail is the only solution to address the real needs of today’s HR departments. Based on a best-in-class cloud platform, Fairsail reduces the administrative burden facing both employers and employees. Fairsail’s technology is based on decades of knowledge making for the easy assembly and intelligent processing of HR data. Using Fairsail clearly demonstrates the ways in which HR benefits modern organizations, offering exciting ways for colleagues to interact socially for their own career benefit and that of their employers. Fairsail ushers in the era of Total Talent Management.
Paul Maher/Emma Naylor
+44 (0)20 8237 1107
+44 (0)7900 600013
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