4 Key Benefits Of Cloud-Based HRMS Software - factoHR

Traditionally, implementing HR operations require tremendous efforts. It’s too tedious for the HR department to manually process all the data of employees. The demand for instant access is the primary concern for all of us today. In the era of 21st century, its time to move on some sophisticated cloud-based HR management software which supports all the aspects of HRMS management.

The number of benefits is involved in using cloud-based HR management software:

1. Easy accessibility- anywhere, anytime

Cloud-based HRMS Software empowers HR professionals and employees to access the software anytime, anywhere. HR department can manage all its HR operations efficiently. A manager can approve/disapprove attendance and leave applications, manage employee details, can authorize the system through which he defines which modules are accessible to the employees. Employees can apply for attendance/leave application, view their attendance records, can check their application status and view their payslip. All the operations between the HR department and employees are transparent and easily accessible.

2. High data security

Data security is a critical aspect of companies. The primary reason for companies to adopt cloud HR management software is its advanced security. Cloud-based HRMS software provides SSL encryption technology through which you can keep your data private and integral over the server. It assures the robust data security features such as only the authorized person can access the system. It increases the security and integrity of your data. Employee and HR data is extremely safe. It also provides disaster recovery benefits and can restore data quickly. Thus, it secures your business and employee records.

3. Cost efficient

Implementation of cloud-based HR software has a great impact on industries. Traditionally, companies had to maintain huge servers, upgrade periodically the existing software, dedicate an IT team to monitor its functioning, software maintenance and much more. But the transition to the cloud HRMS system reduces the bulk cost of system upgrades, maintenance, and manpower resource. Generally, HR system also requires hardware to be installed in the company. As with the cloud HR system, it eliminates the installation and maintenance cost of hardware as no hardware is required. Each and every data is maintained on a cloud-hosted server. Finally, a cloud system is a pay-as-you-go service which is supported by an affordable subscription plan.

4. Seamless and integrated solution

HR software comes with various modules in which HR and employee records are maintained. These modules have to be interconnected with each other so as to have an efficient and complete HR system. With cloud-based HR system, these modules are integrated and can easily fetch data from inter-modules seamlessly. Thus with a cloud HR system, your business can easily coordinate with employees, keep up with payroll and stay updated on individual employee’s performance.

As you can see, cloud-based payroll and HRMS software offer a number of key advantages to companies that choose to use them. It is attractive to many businesses as managing payroll for hundreds or thousands of employees without it can be a tedious task.

What’s a good example of showcasing the cloud’s potential?

factoHR is an all-in-one cloud-based Payroll software which takes care of all the HR operations and payroll related modules such as attendance, leave, performance and statutory compliance. It generates all the reports automatically on a monthly basis. It is a software which covers cloud featured advantages such as security, disaster recovery and many more.