How Quick and Concise Payroll Settlement Can Strengthen Employee Retention
A company’s most valuable resource is undoubtedly its employees and collaborators. In fact, employees feed their talent and energy into an organization in such a way that it should be impossible to conceive your company’s growth without employees growing with you.
Job satisfaction is composed of multiple factors. One of the most crucial is the timely and accurate remuneration of employees and collaborators according to their contractual agreements with the company. In other words, a company’s payroll should be managed in compliance with contractually stipulated dates and frequencies, and according to applicable local legislation.
AlfaPeople has developed a module to facilitate payroll in Microsoft Dynamics 365, with a focus on two fundamental aspects of a business’s payroll processes:
- Management: The module is composed of a series of intelligent, secure and reliable functions that enable teams to manage the payroll process integrally from start to finish ? from an employee?s onboarding through to the submission of reports and documentation to government agencies.
- Finances: The Payroll Colombia module integrates with other Dynamics 365 modules for human resource management, providing savings in time and money which can instead be channeled into improved data analysis and decision-making.
A tool for the public and private sectors
Behind the Payroll Colombia team was a high-performance team of specialist Dynamics 365 consultants with broad experience and knowledge in payroll across multiple areas of the Colombian economy. AlfaPeople has worked extensively in both Colombia?s private and public sectors.
Our payroll solution is comprised of a system that drives unified settlement and the validation of the entire payroll process in a single final document. The time required to carry out quality checks is reduced, giving department heads and management more time to focus on reporting and analysis.
We currently work with several organizations with a payroll of more than 2,000 employees and collaborators. They receive a daily average of 7 tickets each across income, expenditure, and employee contributions. Implementation times depend on how each company works, but we estimate a period of 4 months for a basic payroll module.
Our solution is recognized by the Direcci?n Nacional de Derechos de Autor (Colombia?s National Copyright Authority) and is currently the only product listed on Microsoft?s AppSource as a payroll settlement tool for Dynamics 365 for Finance and Operations.
AlfaPeople’s Payroll Colombia module can be licensed as a cloud-based (SaaS) or on-premise (Perpetual Licensing) product. It is licensed monthly as SaaS in Dynamics 365 for Finance and Operations or with one sole payment using the perpetual licensing model for on-premise. On-premise versions of Dynamics 365 for Finance and Operations and Dynamics AX2012 are subject to annual maintenance fees which give the client access to regular product updates.
Contact us today to request a demo of our Payroll solution!