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How technology improves HR management and saves costs: Factorial HR

Posted: Wed Dec 11, 2024 9:11 am
by aktAkterSabiha20
Technology has become an essential resource for companies of all sizes and sectors. And human resource management is no exception. Technology increases the efficiency of management processes by reducing costs and freeing up time for people to focus on other important areas of their business. Have you thought about how to make your people management more efficient?

Not long ago, we told you about our new partnership with Factorial HR , which is an online platform that offers human resource management solutions for companies of all sizes. And you may be wondering, why does datasocial want to have an alliance with a people management technology?

factorial demo HR 1

Very simply, within the RevOps strategies that we propose to our clients there are two important points that have brought us here.

Improve internal and external company processes with tools that improve the experience of both potential candidates to work with us and the employees who are part of the organization.
One of the three pillars of Revenue Operations is people (the other two: technology and processes) so it is essential to take care of talent and make it more efficient . For this reason we have selected Factorial HR, which for us, is the best option to add value in human resources management to both the team and the company.
Main advantages of using digital platforms for HR management
Factorial HR technology allows:

The automation of many personnel management processes, which saves time and reduces errors in human resource administration. Some of the processes that can be automated include managing leave and vacations, preparing payrolls, managing documents, and conducting performance evaluations. Recruitment processes, such as posting job vacancies and managing candidates, can also be automated.
Integrations with other technological platforms: it integrates with a variety of technologies to enhance its functionality and improve collaboration at work. These are some of the technologies that can be integrated with Factorial HR:
Technologies that can be integrated with Factorial HR
Payment systems: TransferWise, Stripe, PayPal
Time Tracking Platforms: Toggl, Asana
Communication platforms: Slack, Microsoft Teams
Project management tools: Basecamp, Monday.com
Data analysis tools: Google Analytics, Mixpanel
At this point you may be asking yourself some questions such as:

How much can you save or improve processes with Factorial HR?
Advantage Estimated Savings/Improvement
Process automation Reducing errors and saving time
Improving efficiency Increased employee productivity and profitability
Cost reduction Savings of 20% or more in administrative costs
Automation of recruitment tasks Saving time and increasing efficiency in the hiring process


What internal management points could Factorial HR make more efficient?
Factorial HR Features Description
Time management Efficient control of attendance, vacations and absences.
Talent management Effective performance evaluation, professional development management and goal management.
Document management Efficient management of important employee documents such as employment contracts, payrolls and certificates.
Financial management Efficient expense management, billing and accounting to save costs and improve efficiency.
Legal management Features to manage legal aspects such as list of telegram users in israel contracts, permits and employment policies to ensure compliance with legal obligations.
Automations Automate tasks such as vacation management, invoicing and payroll to reduce workload and increase process efficiency.

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< In short , Factorial HR is a complete human resource management solution that offers a wide range of functionalities to improve the efficiency of human resource management processes, reduce costs and free up time for companies to concentrate on other important areas of their business > .

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Why work with a partner to implement Factorial HR?

It is important to note that the implementation time of Factorial HR may vary depending on the size of the company and the complexity of the processes to be automated. However, having a partner like datasocial can help make the onboarding and implementation process faster, more natural, more effective and easier for teams.

Our mission will be to include Factorial HR within the company's technological ecosystem to ensure a successful implementation and configuration. We will also make sure to connect and integrate the tool with other platforms and processes that the organization already has. Or, if necessary, define or redefine new processes to add value to human resources operations.