Challenges faced by HR and Finance Managers of SMEs

Post on 30-Nov-2014

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Seminar on Leveraging Cloud-based HR and Finance for your Business on 15th of July Presentation on Challenges faced by HR and Finance Managers of SMEs

transcript

AGENDA

CHALLENGES FACED BY HR AND FINANCE

MANAGERS

KC KWA

CEO, JUSTLOGIN

KEY HR/FINANCE PROCESSES

PAYROLL PROCESSING CHALLENGES

CPF Calculation & submission

CPF Calculation & submission

CDAC/MBMF/SDL calculation

CDAC/MBMF/SDL calculation

Printing and distribution of

Pay slips

Printing and distribution of

Pay slips

Tax Submission/IR8A

Tax Submission/IR8A

Bank GiroBank Giro

PAYROLL OPTIONS

• EXCEL

• OUTSOURCE

• PC-BASED PAYROLL SOFTWARE

• CLOUD-BASED PAYROLL SOFTWARE

ONLINE PAY SLIP

PAY SLIP ON IPHONE

LEAVE PROCESSING

Applicant Recommending Officer

ApprovingOfficer

HR

What is my

leave balanc

e?

What is my

leave balanc

e?

Has my leave been

approved?

Has my leave been

approved?

Update leave records for annual,

sick, childcare …

Update leave records for annual,

sick, childcare …

You have not submitted your MC?

You have not submitted your MC?

LEAVE MANAGEMENT

• STATUTORY REQUIREMENTS• ANNUAL LEAVE

• SICK LEAVE

• CHILDCARE LEAVE

• MATERNITY LEAVE

• COMPANY • EXAMINATION

• ANNIVERSARY

• ETC.

LEAVE OPTIONS

• EXCEL

• PAYROLL SOFTWARE BACKEND UPDATE

• IN-HOUSE INSTALLED SOFTWARE

• CLOUD-BASED ELEAVE

I am going to Malaysia. Mark will cover my duties during my absence.

Email to approve leave

APPLY LEAVE ON IPHONE

FORM PROCESSING CHALLENGES

What happens to my expense

claim form that I submitted 2 weeks ago?

What happens to my expense

claim form that I submitted 2 weeks ago?

Has my MD approved my PO

form?

Has my MD approved my PO

form?

Who should I submit the

travel request form to next?

Who should I submit the

travel request form to next?

Enter data into accounting

system

Enter data into accounting

system

FORM PROCESSING OPTIONS

• MANUAL

• EMAIL EXCEL FILE

• CUSTOMIZED SOFTWARE

• CLOUD-BASED EFORM

OPTIONS

• MANUAL

• CUSTOMIZED DEVELOPMENT

• INSTALLED SOFTWARE

• CLOUD-BASED

TIME & ATTENDANCE CHALLENGES

• STATUTORY REQUIREMENTS

• OT & PAYMENT

• ABSENTISM

• BUDDY PUNCHING

• CALCULATING OT AND PAY

OPTIONS

• PAPER (SIGN IN/OUT)

• PUNCH CARD MACHINE

• FINGER PRINT READERS

• CLOUD-BASED IPAD

EMPLOYEE DATA MANAGEMENT

• CHALLENGES

• CAPTURE AND UPDATE

• OPTIONS

• EXCEL

• INSTALLED SOFTWARE

• CLOUD-BASED

ESTAFF – MANAGING EMPLOYEE DATA

CLOUD COMPUTING

• THE USE OF COMPUTING RESOURCES DELIVERED OVER INTERNET

• E.G. SOFTWARE-AS-A-SERVICE (SAAS)

• E.G. SALESFORCE, YAMMER, BASECAMP, DESK.COM…

NETWORK

SOFTWARE-AS-A-SERVICE (SAAS)

Auto Statutory Updates

Best Support Model

Pay as you go

No hardware/Software

Investment

Instant Set Up

SOFTWARE-AS-A-SERVICE (SAAS)

DEMO