challenges faced by hr and finance managers of smes

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Seminar on Leveraging Cloud-based HR and Finance for your Business on 15th of July Presentation on Challenges faced by HR and Finance Managers of SMEs

TRANSCRIPT

Page 1: Challenges faced by HR and Finance Managers of SMEs
Page 2: Challenges faced by HR and Finance Managers of SMEs

AGENDA

Page 3: Challenges faced by HR and Finance Managers of SMEs

CHALLENGES FACED BY HR AND FINANCE

MANAGERS

KC KWA

CEO, JUSTLOGIN

Page 4: Challenges faced by HR and Finance Managers of SMEs
Page 5: Challenges faced by HR and Finance Managers of SMEs

KEY HR/FINANCE PROCESSES

Page 6: Challenges faced by HR and Finance Managers of SMEs

PAYROLL PROCESSING CHALLENGES

CPF Calculation & submission

CPF Calculation & submission

CDAC/MBMF/SDL calculation

CDAC/MBMF/SDL calculation

Printing and distribution of

Pay slips

Printing and distribution of

Pay slips

Tax Submission/IR8A

Tax Submission/IR8A

Bank GiroBank Giro

Page 7: Challenges faced by HR and Finance Managers of SMEs

PAYROLL OPTIONS

• EXCEL

• OUTSOURCE

• PC-BASED PAYROLL SOFTWARE

• CLOUD-BASED PAYROLL SOFTWARE

Page 8: Challenges faced by HR and Finance Managers of SMEs

ONLINE PAY SLIP

Page 9: Challenges faced by HR and Finance Managers of SMEs

PAY SLIP ON IPHONE

Page 10: Challenges faced by HR and Finance Managers of SMEs

LEAVE PROCESSING

Applicant Recommending Officer

ApprovingOfficer

HR

What is my

leave balanc

e?

What is my

leave balanc

e?

Has my leave been

approved?

Has my leave been

approved?

Update leave records for annual,

sick, childcare …

Update leave records for annual,

sick, childcare …

You have not submitted your MC?

You have not submitted your MC?

Page 11: Challenges faced by HR and Finance Managers of SMEs

LEAVE MANAGEMENT

• STATUTORY REQUIREMENTS• ANNUAL LEAVE

• SICK LEAVE

• CHILDCARE LEAVE

• MATERNITY LEAVE

• COMPANY • EXAMINATION

• ANNIVERSARY

• ETC.

Page 12: Challenges faced by HR and Finance Managers of SMEs

LEAVE OPTIONS

• EXCEL

• PAYROLL SOFTWARE BACKEND UPDATE

• IN-HOUSE INSTALLED SOFTWARE

• CLOUD-BASED ELEAVE

Page 13: Challenges faced by HR and Finance Managers of SMEs

I am going to Malaysia. Mark will cover my duties during my absence.

Page 14: Challenges faced by HR and Finance Managers of SMEs

Email to approve leave

Page 15: Challenges faced by HR and Finance Managers of SMEs

APPLY LEAVE ON IPHONE

Page 16: Challenges faced by HR and Finance Managers of SMEs

FORM PROCESSING CHALLENGES

What happens to my expense

claim form that I submitted 2 weeks ago?

What happens to my expense

claim form that I submitted 2 weeks ago?

Has my MD approved my PO

form?

Has my MD approved my PO

form?

Who should I submit the

travel request form to next?

Who should I submit the

travel request form to next?

Enter data into accounting

system

Enter data into accounting

system

Page 17: Challenges faced by HR and Finance Managers of SMEs

FORM PROCESSING OPTIONS

• MANUAL

• EMAIL EXCEL FILE

• CUSTOMIZED SOFTWARE

• CLOUD-BASED EFORM

Page 18: Challenges faced by HR and Finance Managers of SMEs

OPTIONS

• MANUAL

• CUSTOMIZED DEVELOPMENT

• INSTALLED SOFTWARE

• CLOUD-BASED

Page 19: Challenges faced by HR and Finance Managers of SMEs

TIME & ATTENDANCE CHALLENGES

• STATUTORY REQUIREMENTS

• OT & PAYMENT

• ABSENTISM

• BUDDY PUNCHING

• CALCULATING OT AND PAY

Page 20: Challenges faced by HR and Finance Managers of SMEs

OPTIONS

• PAPER (SIGN IN/OUT)

• PUNCH CARD MACHINE

• FINGER PRINT READERS

• CLOUD-BASED IPAD

Page 21: Challenges faced by HR and Finance Managers of SMEs
Page 22: Challenges faced by HR and Finance Managers of SMEs

EMPLOYEE DATA MANAGEMENT

• CHALLENGES

• CAPTURE AND UPDATE

• OPTIONS

• EXCEL

• INSTALLED SOFTWARE

• CLOUD-BASED

Page 23: Challenges faced by HR and Finance Managers of SMEs

ESTAFF – MANAGING EMPLOYEE DATA

Page 24: Challenges faced by HR and Finance Managers of SMEs

CLOUD COMPUTING

• THE USE OF COMPUTING RESOURCES DELIVERED OVER INTERNET

• E.G. SOFTWARE-AS-A-SERVICE (SAAS)

• E.G. SALESFORCE, YAMMER, BASECAMP, DESK.COM…

Page 25: Challenges faced by HR and Finance Managers of SMEs

NETWORK

Page 26: Challenges faced by HR and Finance Managers of SMEs

SOFTWARE-AS-A-SERVICE (SAAS)

Page 27: Challenges faced by HR and Finance Managers of SMEs

Auto Statutory Updates

Best Support Model

Pay as you go

No hardware/Software

Investment

Instant Set Up

SOFTWARE-AS-A-SERVICE (SAAS)

Page 28: Challenges faced by HR and Finance Managers of SMEs

DEMO