In a series of blog posts earlier, we gave you the benefits of a SaaS Integration Platform (SIP) and showed you what you could gain with one. In this post, we’ll tell you how an SIP can power up your HRM/HVM process and how an HVM platform solution can act as a single interface from which you can manage your business processes.
An SIP is an end-to-end solution developed to counter the integration woes that haunt both users and service providers. By combining different independent solutions to create a comprehensive packaged solution, service providers can significantly increase the scope of a product and offer a richer feature set to their customers.
So what does this have to do with the HRM process of an organization?
What great benefits can an HRM platform bring?
And how can it power up your HRM process?
On-premise and, to a certain extent, on-demand HRM solutions have been deployed by organizations for a long time now and these solutions help them streamline and automate their HR processes. However, most of these solutions are limited in scope and only deal with routine human resource functions like payroll administration, performance appraisal, training & development and time and attendance management. This also leads to the creation data silos which do not share or exchange this data with any other business productivity application.
A Cloud HR software platform addresses these issues by giving organizations the option to integrate different business management software modules (as add-ons) with the core applications of the HVM solution. The resultant platform becomes an end-to-end solution that can cater to all the business needs of an organization. As the data is available on the cloud for easy sharing and access, there is no question of formation of data silos.
What this means is that your HRM solution is now a powerful hub from whose interface you can access the other integrated applications, with the scope of this hub being defined by the number of integrated applications. An integrated e-signature add-on helps make the approval and authentication processes faster while an integrated survey application means helps you launch custom surveys. Other add-ons include solutions for expense management, procurement management, asset management and/or business intelligence software.
Want to know more about an HR Platform built on an open platform architecture?
