As fast-growing companies continue to grow, multi-sided challenges of scaling up people operations while not increasing the associated complexity of day-to-day productivity are continuing to increase. The problems associated with maintaining a typically high level of compliance associated with HR are resulting from the lack of integration, centralization, a common set of HR systems, and various manual methods of performing the duties of HR.
Centralized Cloud-based HRMS solutions solve these problems by providing businesses the ability to centralize the functions of payroll software, time and attendance management software, and leave and absence management software to focus on maximizing job effectiveness.
As competition increases, modern HR software becomes a necessity not simply because of competition but also due to the rapidly changing job environment, as well as changing employee expectations. Utilizing the correct Cloud-based HRMS will help fast-growing companies simplify their operations, improve employees’ work-life and experience with the company, and to prepare for the future.
What Is Cloud-Based HRMS?
A cloud-based HRMS (Human Resource Management System) is an online human resourcing software that is hosted on secure cloud servers, enabling an organization to manage its HR operations from anywhere, at any time.
Key Features of Cloud-Based HRMS
- Access through web browsers without the need to have an on-premises system.
- Centralized storage of employee information.
- Payroll processing and compliance tools are included in the same system.
- Automated attendance tracking software is included.
- Scalable leave tracking solutions.
- Reporting and analysis in real-time.
- Provides for regular software updates and increased security.
Best Cloud-Based HRMS for Your Organization
1. Savvy HRMS
HRMS by Savvy is a comprehensive cloud solution tailored to high-growth companies. The HRMS includes comprehensive HR automation from payroll to attendance to leave management. It offers an easy-to-navigate and scalable HR solution.
Why choose Savvy HRMS?
- Complete HR Platform for the Employee Lifecycle: Savvy HRMS allows you to manage the entire employee life cycle. It is a single cloud HR management system.
- Automated Payroll Solution: Using Savvy HRMS, payroll calculations, statutory compliance, taxes, and salaries are all processed without any errors.
- Attendance Management System: Savvy HRMS has various options for tracking your employees’ real-time attendance (like biometrics, smartphones, and web).
- Leave Management System: With the leave management system, you can create custom leave policies, automatically approve leave requests, and view real-time leave balances.
- Scalable for Growing Teams: Savvy HRMS is designed to grow in parallel with your workforce and increase organisational complexity smoothly.
- Compliance with Employment Law: Savvy HRMS is built with compliance in mind. This enables you to remain compliant with respect to laws, regulatory requirements, and payroll compliance.
- Employee Self-Service: Employees can access their payslips, attendance, apply for leave, and manage their personal information independently through their own self-service portal.
- Data Security and Cloud Infrastructure: The HRMS is built with enterprise-grade security so your data is always protected, encrypted, and securely hosted in the cloud.
- Human Resource Analytics: Real-time dashboards and reports allow you to make data-driven HR decisions based on real-time analytics.
Best For: Fast-growing startups, SMEs, mid-sized enterprises, and large organizations looking for scalable, compliant, and user-friendly HR software.
2. Keka HR
Keka HR is a cloud-based software that offers many features such as Payroll, Time Tracking & Self Service. The main purpose of the Keka HR platform is to make it easier for both HR & Employees to perform their day-to-day activities both efficiently and automatically.
Why choose Keka HR?
- Simple To Use Interface: Keka HR will provide a simple-to-use dashboard for both HR Teams & Employees.
- Payroll Automatic Processing: You will be able to calculate payroll correctly, with the help of compliance information from our team.
- Assists You In Tracking Your Attendance And Shifts: Keka HR makes tracking your working hours, shifts, and overtime easy.
- Automates the Leave Request Process: With Keka HR, you will have Configurable Leave Policies & Leave Approval Workflow.
- Provides Performance Management and Feedback Tools: You can use Keka HR to Continually Measure & Manage Performance.
Best For: Mid-sized organizations looking for a user-friendly and automation-focused HR software.
3. Zoho People
Zoho People is an adaptable cloud-based human resource management system (HRMS). Zoho People integrates into the Zoho ecosystem, with several modules specifically developed for HR functions such as tracking time and attendance, managing employee leave, and assessing employee performance.
What Are The Benefits Of Using Zoho People?
- Modular HR Software: You only pay for the features your organisation requires.
- Cloud-Based Access: You can perform your HR functions from anywhere, using any device.
- Time & Attendance Tracking Tools: Biometric, GPS and web-enabled options for your employees to check in will improve record-keeping.
- Leave Rules & Approvables: The ability to establish and simplify automatic approval and cancellation processes for different types of leave will provide an efficient system.
- Integrates with Other Applications: Zoho People will work well with both payroll applications and other applications provided by Zoho.
Best For: Small to mid-sized businesses already using Zoho products.
4. Darwinbox
Darwinbox is a cloud-based Human Resource Management System that is built for businesses on a large and complex scale.
Why Should You Consider Darwinbox?
- Enterprise-Grade Automation: It is made specifically for businesses that have a larger number of employees and offices.
- Advanced Analytics and Insights: It provides users with AI-based dashboards and reports, which allow HR to analyse their data and make better decisions.
- Scalable Cloud Infrastructure: Its flexible platform allows organisations to manage multiple countries simultaneously.
- Governance and Compliance Tools: Supports the need for organizations to maintain compliance across several different jurisdictions.
- Talent and Performance Management: It offers a large portfolio of products focused on employee engagement and career development.
Best For: Large enterprises and organizations with global operations.
5. Pocket HRMS
Pocket HRMS is a Human Resource Management System in a cloud service environment. It is focused mainly on providing organizations with payroll software, as well as ensuring compliance and automating processes through Artificial Intelligence (AI) powered HR tools.
The main reasons to use Pocket HRMS:
- Payroll-Based HR Software: Provides advanced payroll automation and compliance.
- Attendance Management Software: Supports attendance by using biometrics and mobile devices.
- AI-Powered HR Tools: Provides predictive HR analytics through chatbots.
- Leave and Policy Automation: Simplifies leave management processes.
- Employee Self-Service: Increases HR efficiency and improves employee engagement.
Best For: Organizations prioritizing payroll accuracy and compliance automation.
6. uKnowva
uKnowva is a collaborative cloud-based platform for Managing Human Resource Management System (HRMS) and internal communications.
Why choose uKnowva?
- All-in-one Solution: The combination of HRMS with social networks is an integrated package.
- Attendance & Time-Off Management: Cloud technology automates tracking attendance and time off.
- Cloud-based Support: Cloud-based solutions offer support to both remote employees and hybrid remote and on-site teams.
- Engagement Tools Available: Engagement tools facilitate improved communication and collaboration.
- Configuration for Multiple Uses: Configurable HRMS can provide adaptable workflows based on business requirements as they develop.
Best For: Organizations focused on collaboration and employee engagement.
Why Cloud-Based HRMS Is the Need for Fast-Growing Companies?
1. Fast Growth of Workforce
Companies can onboard employees instantly, manage larger amounts of data, and expand efficiently through Cloud-based HRMS. Employees will not experience any delays due to infrastructure upgrades or high maintenance and administration costs.
2. Centralized HR Management
Centralized HR management provides companies with consistency in their payroll software, time and attendance reporting software, and leave tracking software. This results in real-time data visibility and faster processing of payroll and time.
3. Anytime Access to HR Information
Cloud HR can give HR departments and employees remote access to all HR information 24/7, as well as the ability to submit requests for leave, view their current time and attendance, and manage their activities, through secure mobile devices.
4. Automating HR Processes
HR professionals can create automated workflows to simplify their HR functions, which reduces manual intervention, reduces errors, speeds up the processing of requests for approvals, and enables a more consistent approach. This allows HR professionals to devote more time to employee engagement initiatives and other strategic activities.
5. Reducing Compliance Risks
Cloud HRMS enables companies to remain compliant with all employment regulations, track changing regulatory requirements, avoid the risk of fines and penalties, and produce precise HR records and payroll reports.
6. Data Driven Decision Making
Cloud HR can provide HR professionals with comprehensive analytics and dashboards that provide a real-time view of key HR-related data, such as records in employee performance, attendance trends, absences, and costs. This allows HR professionals to make informed decisions and develop proactive growth plans.
7. Cost Saving
With Cloud HR, companies can operate without maintaining on-premise HR systems, thus saving them time and money. They also benefit from using enterprise resources more efficiently and therefore eliminating the need for an upfront investment in HR technology. Cloud-based HRMS also offers subscription pricing models that give HR departments predictable pricing as they continue to grow.
Benefits of Using Cloud-Based HRMS
1. Higher Productivity From HR
Task automation simplifies repetitive HR tasks, decreasing the HR team’s manual input and allowing them more time to focus on higher-level planning.
2. Payroll Accuracy
When payroll software is integrated with other systems, it provides accurate salary calculations, timely payroll payment processing, and compliance with labor laws related to payroll. It also eliminates manual errors from manual payroll processing.
3. Tracking Attendance Effectively
Using advanced attendance management systems allows organizations to effectively track employee attendance in real time, reduce errors, and increase efficiency in the scheduling of employees.
4. Effective Leave Management
Automatic leave management software provides organizations with the ability to automate leave approval, increase transparency, ensure compliance with company policies, and assist in the efficient management of employee leave for productivity purposes.
5. Improved Employee Experience
Empowering employees through employee self-service portals allows employees to independently manage HR tasks (such as payroll and benefits), resulting in better levels of employee engagement, job satisfaction, and productivity.
6. Improved Data Security
Sensitive HR data are protected in a cloud-based HRMS through the use of encryption, access control policies, backup plans, and 24-hour monitoring for security threats.
7. Easier to Grow and Adapt
Cloud-based HRMS can be used to support a rapidly expanding workforce or organizational change, as well as to easily adapt to new company policies and added business needs.
8. Easier to Implement
The cloud-based HR software can be implemented at the same speed, has minimal setup time, and allows quicker employee adoption than HR systems of a traditional on-premises model.
Why Savvy HRMS Is the Best Choice for Cloud-Based HRMS?
Savvy HRMS is a unique offering in the marketplace when it comes to the combination of HR Software, Payroll Software, Attendance Management Software, and Leave Management Software, all within a fully integrated Cloud-Based HRMS product.
Due to its scalable nature, Savvy HRMS is a great fit for companies that are rapidly expanding and need the ability to be flexible now and to be strong in the future. Savvy HRMS continues to develop with the company; therefore, it does not disturb current HR Operations as the company grows.
Savvy HRMS also has excellent compliance capabilities, an easy-to-use interface, and strong analytics tools that enable organizations to more effectively manage their workforce at a faster pace and in a more strategic manner.
Conclusion
Organizations with faster than average growth require usable HR systems that keep “step-in-step” during the upper-level and strategic development processes. The elements of a cloud-based HRMS include efficiency for managing human capital, managing business compliance, and efficiency through automation and ordered control (Centralization).
Savvy HRMS has established itself as the “best in Class” Cloud-based HRMS Solution, through the use of a scalable cloud-based solution and the addition of premium payroll software, advanced attendance management systems, and employee leave management software designed specifically to support organizations.
