DS Payroll 365: Leading the Next-Generation HR Solutions

Technological transformation and innovations are inevitable. Choosing between opting in or out of this transformation is no longer a debate. Marketers are looking for options that suit them better. Relying on conventional and manual methods can be risky in this data-driven and AI-assisted realm. When digitizing everything, why not human resource management and payroll processes? An end-to-end unified solution will help you simplify your processes and reduce the time that you usually utilize on these processes.

DS Payroll 365 for Dynamics 365 Finance and Operation and Business Central unfolds new dimensions of automation. It streamlines your payroll processes while giving a holistic view of analytics. Let us find out how it helps this sophisticated solution helps to overcome challenges faced in processes as critical as payroll.

How DS Payroll 365 Overcomes Operational Challenges in Payroll Processes

According to Forbes, 47% of HR (Human Resource) leaders believe that employees' experience should be the priority of businesses. This experience is often compromised due to inadequate management and payroll complexities. Here are some challenges companies face and how DS Payroll 365 solves them.  

Payroll Reporting and Calculation

Challenge: Use of inadequate methods for payroll makes you prone to error. When an employee works for a set number of hours, but it is miscalculated, resulting in unnecessary deduction, this may lead to loss of trust at employee end. Similarly, absence of an accurate record related to overtime, paid and unpaid leaves, and benefits and compensation can complicate the whole hierarchy.

Solution: Payroll reporting, calculations, and processing in DS Payroll 365 helps you to overcome errors in payroll. In addition, it keeps a record of the time and attendance of employees to make the wages and benefit allocation more accurate.

Legal Compliance

Challenge: Every organization is bound by certain state, corporate, and regional laws. These laws are related to labor, wages, compensations, taxation, and much more. The issue that arises here is that it is hard to keep the documentation related to legal compliance up to date with conventional methods. Also, it is complex to identify the laws that apply and most importantly keep track of minimum wage as it varies across the globe. Not complying with all these requirements can result in legal action, which affects your brand name.

Solution: Statuary compliance and company-specific tax calculation in DS Payroll 365 keeps up with the documentation with the recent updates. Its support for localization ensures that legal compliance is in accord with local requirements.

Support and Communication

Challenge: When employees have some issue or need to communicate with HR on topics varying from their compensations, leaves, or any support they require, the unavailability of concerned authority or inaccessibility due to hierarchal structure works as obstacle. It may result in reservations regarding company and their inadequate services for employee.

Solution: DS Payroll 365 provides an HR helpdesk feature as a part of employee self-service, which empowers them. With this feature, the whole support process for employees is automated, which gives them more motivation and confidence.

Talent Acquisition

Challenge: Finding and retaining the best talent is pivotal but also challenging. Choosing the right candidate is a win-win situation but the entire process is very hectic. Starting from job posting to managing the CVs you receive, screening them, scheduling interviews, and so on. Doing it manually can prolong the process, and there are chances you might miss an exceptionally suitable candidate due to overwhelming response and data.

Solution: Recruitment management with DS Payroll 365 helps you in this process of recruitment. It digitizes your work and saves you time and money. You can screen a large pool of candidates efficiently and streamline the hiring drive.

Navigate the Digitized Realm with Dynamics Solution and Technology

An automated and intelligent solution is required to overcome the challenges faced in a process as critical as HR and Payroll. Dynamics Solution and Technology, with a global portfolio and footprint, drives success for your organization and ensures agile and sustainable workflow with our tailor-made HR solutions. 

Choose excellence and exceptional growth by implementing DS Payroll 365 with Dynamics Solution and Technology today.