How Does HR ERP Software Improve Staffing and Recruiting Techniques?

How Does HR ERP Software Improve Staffing and Recruiting Techniques?

All things digital we keep on hearing over and over again, and recruiting and staffing isn’t any different. Recruitment can be a long process, which requires relationship building with clients and candidates. Despite, staffing firms adapting to the digital space, building these relationships can be a difficult task to do in an online environment. Recruitment firms and human resource professionals typically use platforms such as LinkedIn, online job postings, and online conferences as methods to connect and reach more clients and job seekers as this is a business challenge that is overlooked.

Human capital management (HCM), is the process and strategy of identifying, hiring, then training and retaining as needed. It is a continuous process that needs to be adjusted according to changing business environment. Having software that can offer support in sourcing, recruitment, hiring, and retaining will allow the process to be seamless. The software can also make manual tasks a thing of the past especially when handling tasks such as sorting resumes and coordinating interviews. Having a supporting ERP software also helps to remove any biases through automated pre-screening by filtering with keywords.

Innovations in technology allow human resources managers to leverage evaluation tools such as advanced intelligence to ease the recruitment process. Tools used in the recruitment process by a staffing agency typically include video interviews, and filtering candidates. Even sourcing, job offers, and onboarding can be more seamless and create an overall better user experience for business leaders and prospective employees. ERP cloud deployment can greatly help to hire and retain employees and be used as a catalyst for annual growth rates.

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NetSuite for Recruitment and Staffing

When it comes to HR-related recruitment and staffing expenses, they make up one of the largest financial investments for companies of any size. Having an integrated HR software solution provides various software applications that can organize your data while helping you to track progress for reports. Track and monitor with ease vital recruiting KPIs that can be used to measure and highlight business performance with real-time dashboards.

Benefits of HR software

As mentioned technology offers new solutions and ease of processing tasks. Administrative tools such as NetSuite can ease data collections which enable human resources professionals to optimize their time and leverage the software to engage the potential workforce.

The benefits include:

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Efficiency and productivity: When it comes to recruitment and staffing, about 80% of organizations utilize HR software to facilitate research and information gathering. There is a significant productivity boost when using NetSuite ERP in talent sourcing and retention. This type of efficiency allows more free time for HR professionals to engage in more value-adding projects.

Employee experience/ accessibility: In the last few years workplaces have seen a decline in workplace engagement. Much of this is due to the new norms introduced by the pandemic. It has been one of the largest declines in employee engagement, especially among managerial positions. Mostly seen in those that were working remotely. With tools, ERP tools implemented HR workers have used NetSuite type software to play a role in enhancing the employee experience. Some examples include measuring engagement through surveys, connecting with employees through mobile accessibility. NetSuite for HR helps to improve the overall employee experience.

Employee development/retention: Talent management tools are the biggest investment for recruitment agencies. Functionalities such as recruiting onboarding and performance management can alieve workforce management when it comes to the overall recruitment process. On average it takes about a $4219 investment to hire a new employee, and the process to find the right candidate takes about 42 days. Retention also plays a big role in recruitment, keeping an employee is just as important. This means onboarding processes and the employee and recruitment experience are crucial when considering ERP software support.

Metrics: According to Oracle, studies show that particular HR business processes are overtaking those of finance, in areas such as analytics-driven functions. Access to accurate metrics for data analysis is critical for human resources management, compliance risk management and to bring improvements to employee engagement and conditions of employment. HR teams and recruitment officers use data to help to ensure that future workforce plans can predict employment turnover specifically in critical roles. Obtaining easy access to data can also be viewed in real-time which helps businesses to make connections to business goals and requirements. Furthermore, another advantage of HR cloud software such as NetSuite is the cost savings that occur when tracking recruiting costs. Metrics can be utilized to tie in costs to the quality of hire. Metrics such as time to hire, cost per hire, and even voluntary and involuntary turnover can be of assistance in the overall recruitment experience.

Regulatory compliance: A business owner must always be aware of local and national regulations. Human resources managers must ensure that the business is complying with regulations, this is the main task that their role requires. HR business functions must now take into account HR violations that can occur through security breaches to entirely new models of changes to labor laws, especially now during the pandemic. Most organizations report that business challenges have resulted in successful compliance monitoring with the support of NetSuite ERP software.

Data security: Business requirements that appear in recruitment agency settings have much to do with data security and the internal communications teams. They must ensure that security policies are relevant and kept up to date in the event that there are phishing or email scams attached to company emails. NetSuite provides role-based access and rules, this means that on the human resources management side the system will guard against unauthorized access to employee data. Some of the most common and costly causes of breach stem from stolen or compromised employee accounts.

Overall, you can see that data is a critical factor when it comes to workforce management and everything involving HR responsibilities. Human resources professionals now have a more versatile role in companies that would benefit greatly from the implementation of NetSuite cloud ERP. Utilizing a central database to organize their tasks and responsibilities will make the staffing and recruitment processes productive and seamless.

Top 3 Benefits of Implementing NetSuite for SaaS Businesses

Top 3 Benefits of Implementing NetSuite for SaaS Businesses

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SaaS, short for software as a service is basically an element of cloud computing. It encompasses businesses of all types from various different industries. SaaS businesses are changing the way organizations work. The introduction of new work norms such as remote or hybrid working models makes SaaS businesses appealing as they can offer niche services such as an instant messaging platform, which can be accessed through applications or online browsers on any device. Other types of SaaS businesses include video & music streaming platforms, or even SaaS marketing automation platforms. In this post, we will explore the benefits of NetSuite ERP for SaaS businesses.

What is a SaaS Company?

As previously mentioned, SaaS businesses are one element of cloud computing. It offers a service in the form of cloud-based software that maintains servers, databases and is accessible through web browsers from any device, including mobile devices, desktops, etc. SaaS businesses typically are involved in the creation and development process while also hosting and updating the product internally. SaaS businesses are unique in the methods they are able to use to distribute their products, there is unlimited access to the audiences they are able to reach and scale. Businesses that operate in this industry also use a subscription-based business model that is normally set monthly or annually.
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Challenges for Saas Businesses

Saas Businesses operate in all types of industries. From entertainment, communication, healthcare, and so on. Despise these businesses having an all-around system that operates their key business functions such as orders, subscriptions, HR, and customer data records, there is a lack of a complete stand-alone solution. This means that SaaS businesses must resort to a second system that manages accounting and financial management. Unfortunately, many SaaS businesses must opt for a disconnected system that is standalone and isn’t capable of integrations.

There is a demand for SaaS-specific software that will integrate the main product to a supporting platform that can manage financials and implement automation across different locations. SaaS providers must be flexible and have the capacity to cover the finances across different regions and currencies. A scalable solution that supports growth strategy is crucial for businesses looking to expand operations.

Why Saas Businesses Benefit from NetSuite, an Integrated Solution

SaaS businesses provide services that often already have their core business functions taken care of. This includes the management of the signup process, providing access to server and software tools, customer usage tracking, customer information database, and more. However, there are a few reasons why these businesses need additional support through the integration of NetSuite ERP.

SaaS businesses typically operate globally, as there does not have a tangible product and they are able to operate from anywhere as it is a service based on the cloud. Therefore, the businesses need to cater to all those users that are based in different regions and countries. This means billing must be offered in different currencies. Billing is also subscription-based and oftentimes based on usage. This is another reason where NetSuite ERP integration is beneficial. Based on customer usage data the ERP system may take on tasks such as invoicing and setting up recurring payments. Other areas where NetSuite ERP integration would support are automated financial consolidation, automated billing with tracking capabilities (such as price, customers, software products). A fully integrated solution that is available to display data in real-time and on the go, along with the ability to scale is crucial for SaaS businesses.

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NetSuite ERP Features for SaaS Businesses

Integrations

The integration abilities of NetSuite are probably one of the most important features that it can offer to SaaS businesses. As mentioned, SaaS businesses are capable to offer most of the core business functions within their internal system. Where they fall behind is the integration of the billing, invoicing and all financial matters of the business. NetSuite is highly flexible and can be integrated to work alongside internal customer information databases to take on automated recurring billing and management of global operations that may work with different currencies in different regions.

Billing and Invoice Management

NetSuite’s billing and invoice management solution offers automation of invoicing and billing tasks. Where business owners may manage entire subscription lifecycles, through modifying subscriptions, prorate billing, consolidating multiple charges on a single invoice, and auto-generate renewals that will improve customer retention and improve customer service. With a billing schedule feature, businesses may schedule for future, real-time, and back-dated invoices. Automate billing at the end of free trials or rate increases for when discounts expire. When the billing process is automated, invoicing becomes more accurate which in return, accelerates payments and improves cash flow. Consolidated billing creates trust and transparency among customers by stating every charge on an invoice. In addition, discounts drive returning customers and automated renewals. Working alongside accounting functions, recurring revenue can be automated and managed accurately and remain compliant to standards.

NetSuite OneWorld

NetSuite OneWorld can also be an add-in, which can manage operations across multiple locations easily. With this support business owners can eliminate the need to use multiple solutions and integrate NetSuite OneWorld is a specialized module that has global operations, it provides real-time data at all levels to ensure that executives have access to data at any time. Furthermore, NetSuite OneWorld can adjust for different currencies, languages, taxation, and legal compliance at local levels, and handle regional and global business consolidation.

Business as usual is a concept of the past. SaaS businesses are changing the way we operate and communicate within organizations. A software company has more than just its core business processes to take care of, a crucial component is the way that financials are handled. Such as billing & invoicing, and accounting & financials. A SaaS business can have a customer base potentially anywhere in the world which means that a management team would greatly benefit from an integrated solution to make their operations seamless.

NetSuite ERP for Fashion/Apparel Industry

NetSuite ERP for Fashion/Apparel Industry

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NetSuite ERP for Fashion & Apparel

When your new business sets foot in the market QuickBooks seems to be a cheap & viable option to “get the job done” but NetSuite does it far lot better… As your business grows and as the market paradigm shifts, companies tend to hinder their growth as they get stuck within their legacy systems. These outdated Business Management Systems often fail to grow along with your organization & put your brand in the danger of becoming obsolete. ERP Buddies would be explaining how NetSuite ERP for Fashion & Apparel companies can streamline processes for more growth.

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An ERP System like NetSuite, on the other hand, is capable of doing much more than a basic ERP system, thanks to its customizable abilities. But oftentimes companies are too reluctant to undergo the process of change due to the underlying fear of implementing a new Management System.
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However, if you’re experiencing any of the following defects with your current Business Management System or QuickBooks, it might be time to look into a new one to ensure your business doesn’t halt at all.

When your new Apparel & Fashion business sets foot in the market, one solution that businesses often consider is QuickBooks. QuickBooks seems to be a cheap & viable option to “get the job done”. But when companies opt for a cheaper solution, they tend to run into scalability issues and soon outgrow their legacy system. This leads to wastage of resources and increases in IT maintenance costs and the use of multiple business management systems to manage each department individually as QuickBooks won’t seamlessly integrate easily.

As your business grows and as the market paradigm shifts, companies tend to hinder their growth as they get stuck within their legacy systems. These outdated Business Management Systems often fail to grow along with your organization & put your brand in danger of becoming obsolete. ERP Buddies team would be explaining how NetSuite ERP for Apparel brands be it Apparel Distributors or Manufacturers can streamline processes for more growth and seamless integrations

An ERP System like NetSuite is capable of doing much more than a basic ERP system like QuickBooks. It is a comprehensive, fully integrated cloud-based apparel manufacturing and distributing software. Thanks to NetSuite’s customizable features, NetSuite is, therefore, able to cater to your business needs as required. But oftentimes companies are too reluctant to undergo the process of change due to the underlying fear of implementing a new ERP System.

However, if you’re experiencing any of the following defects with your current Business Management System or QuickBooks, it might be time to look into a new one to ensure your business doesn’t halt at all.

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Is using multiple Business management systems a solution for Fashion/Apparel industry?

When companies start to face the above-noted problems, they look after additional systems to manage that task in particular. Therefore, it isn’t uncommon to see a company use multiple business management for various different tasks. However, it quickly becomes a burden as you then end up managing various systems with little to no effect on your efficiency.

So instead of spending your $$$ on multiple business systems, Fashion companies today are opting for an ERP system or an Enterprise Resource Planning System for their all-around solution.

NetSuite ERP for Fashion/Apparel industry

ERP stands for Enterprise Resource Planning. Today, NetSuite is regarded as the #1 ERP system in the world with over 21,000 + customers across 200 + countries.

What makes an ERP System so viable, is the fact that it operates from the cloud. When your company has a cloud presence it establishes concrete & real-time access to data that can be accessed 24/7 from anywhere, anytime on any smart device

When an ERP system is enabled, your organization is able to establish new business models, workflows and even approval processes that seem to fit as per your business needs & demands (thanks to the limitless customizable features of NetSuite). With its customizable dashboards, predefined roles, reports & features, your organization can develop a system that encompasses the everyday needs of your company.

When it comes to the Fashion/Apparel Industry, ERP Buddies realize your needs

Improve employee productivity & accountability with NetSuite’s amazing reporting features

Every Fashion & Apparel company is always on the lookout for a flawless Inventory Management & Financial system. When these 2 functions are operable from the same ERP system like NetSuite, it gives the company access to real-time sales & inventory data.

For instance, with NetSuite, your employees will be better able to handle customer queries as they would have real-time access to inventory & its latest offerings/ discounts.

Since NetSuite operates from the Cloud, your crucial Stakeholders & Executives will now be able to make data-driven decisions as they would have access to every file and report necessary.

Some more reasons to Choose NetSuite ERP for the fashion/apparel industry

Every legacy system has its defects, but it shouldn’t hinder the capability of the Company to function effectively. As your company starts to experience growth, your legacy system will soon start to slow down your business operations. As your competition grows, you need to make sure that you’re using state-of-the-art processes to stay ahead in the game. Using NetSuite will allow your company to develop its own workflows and processes as it’s a completely scalable platform.

Clearly, QuickBooks is outnumbered here. So why would you still gamble with software that is bound to slow you down? Instead, opt for your all-around solution and focus on actual company growth. ERP Buddies teams are dedicated to your success and will be committed to improving your organizational effectiveness with NetSuite. As a NetSuite Solution Provider, we ensure your Fashion & Apparel business that NetSuite will become your single, all-around solution that encompasses your entire business need.

ERP Buddies, your NetSuite Implementation partner for the Fashion/Apparel industry

Your competitor is probably among the vast number of businesses that have already Implemented NetSuite to meet their business requirements. Being a NetSuite Implementation partner, we assure our customers and their NetSuite users that you would be at the centre of all things.

Our 24/7 Onsite & On-call service ensures your business is up & running at full efficiency all the time. We have helped countless businesses, from SOHO, midsized businesses to moderate and big-name Enterprises harness their true potential with the Implementation of NetSuite ERP. No matter how complex your business processes look, or the business size or the amount of manpower/users you have, the ERP Buddies NetSuite Software experts team will provide a meticulous NetSuite Implementation Solution that will effectively improve your efficiency by ten folds!

NetSuite ERP for the Cannabis industry.

NetSuite ERP for the Cannabis industry.

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NetSuite ERP for the Cannabis industry

The cannabis industry is vast and demands state-of-the-art practices to ensure the best product reaches the shelves. With the legal cannabis business setting off, this industry is bound to see huge growth in demand and customers. It is predicted that the legal cannabis market will reach up to $55 billion in the next few years. Therefore, it is the need of the hour to ensure your business is ready for the rising customer demand. Canadian cannabis companies currently need a proper ERP system to help uplift their work operation for added productivity and improved product quality checking. NetSuite ERP for the Cannabis industry comes equipped with many features that can help cannabis companies to meet their goals.
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Cannabis management software: NetSuite ERP

The cannabis industry landscape demands real-time visibility to track plant growth, inventory, sales, shipping & more. NetSuite is a fully customizable & scalable ERP system that offers a 360-degree solution and tools at a minimal cost. NetSuite’s intuitive features allow itself to grow as your organization opens new pathways to success.

Solutions include, but are not limited to: Tracking plant growth, managing Accounting & Financials, eCommerce, Warehouse operations & inventory management among more. NetSuite Cloud ERP gives your employees the freedom to operate from anywhere as your data will be available on the cloud. With NetSuite your business can eliminate manual processes, allotting you more time to focus on matters that actually drive growth

NetSuite Benefits for Cannabis companies

NetSuite ERP for Cannabis enterprises can

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NetSuite ERP is known to propel businesses to the next level with its customizable features and trackability functions. ERP Buddies assures businesses that with a NetSuite implementation your company can streamline its entire functions, lower operational costs & improve productivity by ten folds!

With tremendous experience in implementing NetSuite across multiple verticals, ERP Buddies will become the partner you can rely on. We provide on-site assistance & 24/7 conflict resolution with our packages.

The cannabis industry is going to scale exponentially and as a business, it’s your responsibility to stay up with the changing times and our team can help you with that.

CONTACT US TODAY TO GET A FREE DEMO & A NETSUITE WALKTHROUGH

Benefits of NetSuite ERP

Benefits of NetSuite ERP

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The benefits of NetSuite Cloud solution for your business are many, but many often fail to understand them. Companies think an ERP software (Enterprise Resource Planning) can be avoided to save costs on their business challenges as their business doesn’t qualify to be an “enterprise” yet. Despite the name, every company can benefit from an ERP system as it’s designed to be customized to suit every business operation, no matter its size, workforce or locations.

What's an ERP system & what are its benefits?

An ERP system is designed to streamline the work process within the industry by allowing all departments to be in synergy with one another. NetSuite Cloud ERP will allow organizations to track and share order-related data like production, sales orders etc. with internal employees and with external factors like vendors, contractors and suppliers as well. Work processes like, handling inventory, product demand, supply chain and sales can be gathered within a single system that can be accessed by every employee no matter where they are. This is due to the fact that NetSuite abides by the highest accessibility standards.

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What’s an ERP system & what are its benefits?

An ERP system is designed to streamline the work process within the industry by allowing all departments to be in synergy with one another. NetSuite Cloud ERP will allow organizations to track and share order-related data like production, sales orders etc. with internal employees and with external factors like vendors, contractors and suppliers as well. Work processes like, handling inventory, product demand, supply chain and sales can be gathered within a single system that can be accessed by every employee no matter where they are, as ERP software abides by the highest accessibility standards.

Oftentimes, companies from various industries will ensure that their important departments are in line with one other, but departments like Marketing and Sales often get ignored. In order to ensure unity among the workflow, a system like NetSuite can be enabled to track data like sales, orders, customer data and product recall for better customer service which will help the Sales and the Marketing department. This vast ocean of information allows the specified individuals in developing better sales and marketing strategies while taking current data into consideration and that’s one of the crucial benefits of NetSuite Cloud ERP

When an ERP system, like NetSuite, is enabled within a company, communication becomes easy and all the activities stay within the loop at all times while avoiding the risks of crucial data being overlooked.

Such a NetSuite implementation allows firms to establish high standards of customer/ vendor satisfaction and order completion among many while reducing unnecessary costs so the firm can focus on gaining new business while retaining existing customers in a modernized way.

As the benefits and features of NetSuite Cloud ERP far outweigh the costs of its implementation, it’s therefore common to see every company undertake the implementation of a NetSuite ERP.

Here are some of the benefits and features of NetSuite Cloud ERP for your business

NetSuite ERP For Order Fulfilment

NetSuite ERP For Automating work processes

NetSuite ERP for tracking order/product and shipping data

NetSuite ERP for gaining complete visibility

NetSuite ERP For delivering Superior Customer Service

NetSuite for Accounting and Financial management

At the very core, NetSuite is robust accounting software. NetSuite also contains many core financial reporting capabilities that can showcase real-time visibility. Some features include:
  1. Billing
  2. Financial planning
  3. Financial reporting
  4. Governance, Risk and compliance

NetSuite Customer Relationship Management CRM

NetSuite contains a robust Customer Relationship module that comes with many intuitive features. Some functions include:
  1. Salesforce Automation
  2. Reporting and analytics
  3. Cross-sell, Upsell, quoting and order management
  4. Sales forecasting
  5. Customer service
  6. Customer Support
  7. Lead management
  8. Manage customer relations via phone

NetSuite for Human Capital Management

NetSuite contains an all-in-one human capital management (HCM) module called as SuitePeople. SuitePeople streamlines the entire employee handling, information processing, new hire management, onboarding and more

Some functions include:

  1. Payroll management
  2. Time off management
  3. Expense management and more.

In order to figure out the benefits of NetSuite Cloud ERP implementation for your brand, try out our FREE ASSESSMENT or simply leave a message. As NetSuite is a highly customizable platform, it’s common to see many companies implement additional modules to meet their business needs.

ERP Buddies takes pride in creating customized solutions that revolve around your brand and its needs.

ERP Buddies specializes in providing customized NetSuite ERP solutions to your brand that are unique to the goals of your organization.

ERP Buddies Inc. has had the opportunity to work with businesses to streamline their workflow by providing data migration services and specializing in unifying various cloud systems into one via NetSuite ERP integrations.