In the world of HR technology, the cloud has been a game-changer. The cloud gives businesses access to solutions needed to drive growth and success. Companies can stack solutions together to automate their processes by having a mix of applications.
The same concept applies to HR. Having the right stack of solutions for processes like payroll, HR, attendance, recruiting, and onboarding can mean the difference between achieving your goals or falling short. So how do you know if your HR solution stack provides the building blocks for success? We will explain what a tech stack is and how to get the most out of it.
What is a Tech Stack?
A tech stack is a group of applications that work together to automate processes, saving companies time and money. However, a traditional tech stack structure is a lot like Jenga blocks. Together, they form a strong unit but take one block away, and the stack could topple. Therefore we want to challenge the traditional technology stack with our version: the unified HR technology stack.
Stacking Your Deck with Unified HR Technology
Unlike a traditional tech stack in which disjointed applications are “stacked” upon one another for additional flexibility and functionality in a base system, a unified HR tech stack allows you to expand the core functionality as much as required. Think of a unified HR tech stack as a Hoberman Sphere. You start with your core functionality, and the platform expands as your business needs grow.
Your HR tech stack grows as your company expands, all in the same system. This flexibility is a powerful differentiator because organizations can maximize their ROI by using only the tools they need at any given time.
Some of the key benefits of a unified HR technology stack are:
- Increased Efficiency: Automated processes are streamlined, saving payroll and HR administrators time and headaches. Rather than switching from multiple systems, companies can easily house and utilize data in one database.
- Improved Time Management: Because everything is in one place, businesses can save time on typical administrative tasks and run the appropriate reports associated with company data.
- Reduced Operational Costs: Businesses save money when relying on one system to manage their workforce rather than several integrated, siloed solutions. The operational costs associated with a unified HR tech stack are lower than paying for implementing, supporting, and utilizing multiple technology solutions.
Bonus Tech Stacks
As you can see, a unified HR tech stack alone is powerful. However, companies also need the ability to stack their HCM with other applications to streamline their transactional processes further. So here are some bonus stacks to consider:
- Financial Software: By integrating HR technology with finance applications like Sage Intacct, payroll data automatically syncs with your company’s General Ledger. Stacking your HR technology with your financial software offers minimized risk and simplified bank reconciliation.
- Learning Management Systems: An LMS offers the education courses and online training capabilities to existing HR tech stacks. Software like CypherWorx brings existing training into interactive, trackable, and customizable content and amplifies the scope of your current HR tech stack.
- Expense Reporting: When added to an HCM system, this bonus stack streamlines expense reporting and eliminates antiquated receipt tracking. Integrating with an automated expense management solution grants companies greater transparency into their expenditures.
How Does Your HR System “Stack” Up?
Now that we’ve introduced the concept and benefits of a unified HR tech stack, it’s time to look at how your HR system stacks up. If you find costly inefficiencies in your current processes, implementing a unified HR tech stack that can grow with your business is a step in the right direction. As your business grows and you have more needs, having an intuitive HR system that can grow with you is a must.
How APS Can Help
APS provides a unified HR tech stack for growing business needs. We are a cloud-based system that securely stores and manages employee data from hire to retire. We have continued developing and expanding our technology over the years while ensuring our system is unified for the best possible user experience. In addition to Core HR, we offer Payroll, Attendance, Recruiting and Onboarding, and ACA Reporting.
For more information, schedule a demo of our system or call 855-945-7921.
