As the workforce becomes more and more connected, organizations are searching for new vendors that understand their business and its needs. As you search for the right solution, the question of unified or integrated inevitably pops up. It’s crucial for payroll professionals to understand the difference between the two and how they each significantly impact the payroll process.

Unified: A unified human capital management (HCM) solution is developed by one vendor and has a single employee record, database, and codebase which provides payroll, HR, and workforce management services. An all-in-one solution.

It can be daunting to select a new HR solution from the many options available on the market. Many HR managers need a way to sort through the choices to identify the best solution for their needs. So, how can you make the right choice when you’re surrounded by HR systems that sound the same?

Differentiating between strategic tools designed to streamline HR tasks can be a difficult and cumbersome burden. It may even seem impossible to determine which HCM solution can deliver better insights and a better experience for your entire workforce. Functions that meet your specific requirements are necessary, but each system addresses your core needs differently. So it is important to have a list of your organization’s needs to expedite the process.

Many companies use multiple HR systems or rely on spreadsheets in order to reconcile different sources of data. This leaves you with no single source of truth for employee data, which causes administrative and procedural issues, limited visibility, and inaccuracies. With paychecks and multiple levels of compliance at risk, it is essential for Payroll data to remain transparent and correct. So, how can your organization’s Payroll system evolve to run at its smoothest? Easy, an HCM solution!

You can simplify your entire payroll process while ensuring accuracy and minimizing compliance risk. Our Payroll module in the unified, cloud-based Workforce Ready suite, calculates payroll in real time so it’s ready for you to view at any time. With complete automation, Payroll processing is streamlined to alleviate inconsistencies and ease administrative burdens. This real-time reporting allows your team to analyze Payroll activity and trends, verify benchmarks, and aid regulatory compliance. The easy-to-use Payroll solution provides you with automated tools and high-quality information needed to help control labor costs, minimize compliance risk, and improve your overall workforce productivity.

Many of us have heard that there is a lesson to be found in every challenge, which is true for both individuals and businesses. But these lessons often get lost in the day-to-day grind of life, especially now that work and life have collided. For example, there's so much to do in the HR and payroll space, it is easy to become stuck in administrative tasks and forget the powerful impact we have on our workforce.

These lessons are not taught; they are gleaned from the small and big triumphs that payroll and HR professionals tackle all the time. To strive towards better business outcomes, we will reflect on the lessons dealing with COVID-19 has taught us.

In order to stay competitive in today’s rapidly changing business climate, organizations must constantly find ways to control costs, increase efficiency, and boost profits. This is especially true as we look at the impact the COVID-19 pandemic has had on companies across the board. Now, more than ever, organizations understand the importance of real-time data and how they can leverage this data to make more informed business decisions.