HCM- HRMS

A Human Capital Management (HCM) is a software application that combines many human resources functions, including benefits administration, payroll, recruiting and training, and performance analysis and review into one package.

SrategicERP has designed a unique software that manages all your HCM needs like ERP admin ( Finance set up, statutory set up, tally integration etc),financial management (Master, tally, transactions, MIS Reports etc.),statutory Management( calculation, payments, returns etc.), HR and Payroll ( leave management, payroll processing, separation etc).


Features

  • In HR features like Job Vacancy, hiring, appointment and induction training are available.
  • In Payroll attendance, salary calculation, salary slip and tally integration are keys areas.
  • Taxes module have PT, PF, ESIC, TDS etc.
  • ESSP module deals with leave application, advance, allowance, IT declaration etc.
  • Profile deals with personal details like Aadhar card, Pan Card, Bank details etc.
  • Reports deal with Form 16, Salary Certificate, Relieving letter, ESS Report etc.

HR

  • This is a recruitment cycle for any company.
  • Job opening to appointment of employee.
  • Joining formalities with induction training.
  • Personal Information
  • Banking Detail
  • Identification Data
  • Facility for submission of leave application.
  • Recording of daily attendance.
  • Information about allowances and IT declaration.
  • Defining of employee compliances.
  • Deduction and submission of compliances.
  • Tax deduction at source for professionals/consultants.
  • Form 16/income statement.
  • Salary certificate.
  • Post employment documentation/releasing formalities.
  • Defining of salary structure.
  • Calculating of daily attendance.
  • Calculating of salary and perk.

Flowchart of HCM-HRMS



Advantages

  • HCM curtails time and cost consuming activities leading to a more efficient HR department..
  • HCM is able to track benefits being availed by employees and how they profit from them.
  • Easy track of employee's information with graphical access on performance ( Bar chart, Pie chart ).
  • Integration of HCM with Information Technology simplifies decision making process.
  • Collaborate decisions made and yet to be made by maintaining an up to date account
  • HCM cuts down long hours of paper work that's often found in HR department

Steps For HCM implementation

  • Sharing of import templates for gathering data to map in HCM
  • Installation & configuration of HCM product
  • Creation of user permission matrix in HCM
  • Training session on all HCM modules
  • Migration of data in HCM
  • Project Go Live documentation (System in END user's hand)
  • HCM system reports approval & closing of project.