Integrating HR software with other business management software solutions can be helpful, especially for large enterprises. Some of the most common software that’s used in enterprises today includes ERP solutions, financial management software, and CRMs. Being able to move data from one of these systems to another and view information with a big-picture focus can help with decision making and planning.
What’s ERP Software?
ERP stands for enterprise resource planning. ERP software assists with inventory tracking and management, ordering, and planning. Solutions may also assist with HR management, accounting, and other businesses processes to a degree.
What’s Financial Management Software?
Financial management software or accounting software helps a business to keep track of its overall finances. Using this software, companies can review past expenses and investments and determine the return that they saw from those investments. This can help when it comes to making decisions about the best ways to invest resources for a prosperous future.
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What’s CRM software?
CRM is an acronym for customer relationship management. This type of software manages customer information, tracks interactions with customers, provides customer support, contains data about marketing tools and strategies, and assists with sales leads. CRM software can help organize the way that large companies interact with customers, leading to more efficient transactions and more satisfied customers.
Benefits of Integrating Software
Integrating HR software with ERP, financial management software, and CRM solutions can provide better rounded analytics. You will be able to see how an influx of resources affected turnover, an increase in customer traffic impacted labor percentages and overtime, the addition of new staff members impacted the bottom line. Integration between these systems can mitigate data silos and put your information to work.
Integrating software will also make it easier to move data automatically in ways that make sense. When ERP software is used to plan for a large purchase, the data can be moved into the financial management system when the purchase is actually made. Since labor is often the largest expense in an organization, it may be helpful to transfer labor data into financial management software and even ERP systems for a better view of overall expenses.
Challenges to Integrating Software
While the world of workforce software is becoming more integrated, not all solutions can be neatly merged. If you’ve been working with a solution that simply can’t be integrated, but really want to connect your systems, you may have to spend time manually moving all of your information from a legacy system to a more integration-friendly option. There are few solutions that offer all-in-one capabilities at this time.
If you’re selecting new HR, ERP, accounting, or CRM software, it may be a challenge to find solutions that play well with one another and that fit your business needs. Prioritizing needs and identifying which systems you hope to integrate the most may help you to find options quickly without the headache. Vendor matching experts may also be a valuable resource that can save you time searching.