Dynamics 365 F&O Human Resource and Payroll System
Empower Your Workforce with Efficiency!!
A comprehensive solution for all your human resources needs can be achieved by using Dynamic 365 Finance & Operations HR and Payroll System. This system allows you to save valuable time through the automation and digitization of various HR functions. It simplifies various routine recordkeeping tasks and automates processes related to staffing your organization and managing payroll. Additionally, it provides a robust framework for HR staff to oversee and manage various areas, including employee management, leave requests, loans, end-of-service processes, leave settlements, bank transactions, benefits administration, shift scheduling, training management, journal voucher reviews, and change management.
Administer Organizational Structures
Efficiently manage and oversee your organizational hierarchy.
Comprehensive Worker Information
Maintain a complete and up-to-date record of employee data from the moment of hire to retirement.
Benefit Plan Management
Define, administer, and enrol workers in benefit plans, assign dependent coverage, and designate beneficiaries.
Absence and Attendance Policies
Establish and monitor absence and attendance policies, including shift management.
Time Management
Implement and track profile-based time management for employees and generate pay information for seamless integration with your payroll system.
Leave Management
Assign leave quotas to employees and facilitate unlimited leave creation.
Payroll Processing
Generate Payment journals, accounting details, distributions, and journal vouchers for accurate payroll processing
Loan and Leave Settlement
Effectively manage worker loans and leave settlements.
Employee Requests
Review and facilitate employee requests efficiently.
End of Service Calculations
Set up, deliver, and analyse end-of-service calculations for departing employees.
Payroll Reporting
Generate comprehensive payroll reports and maintain earning codes using dynamic payroll formulas.
Loan Management
Track monthly loan transactions for each employee.
Human Resource & Payroll System Features
In our Dynamics 365 F&O Human Resource & Payroll module, there are several features which can be beneficial and helpful to execute this system and maintains records
Worker Module
System has an electronic file which contains all the personal information of employee with employment history, leave data and earning codes.
Leave Module
Leave Module has feature from where HR can assign employee leave quota, check employee leave and fill the employee joining form. HR can also run Leave settlement process of compensating employees for unused or accrued leave days upon departure. It involves calculating and disbursing monetary value for the taken leave in accordance with company policies and MOL
Loan Module
Employees can check their loans details in this module after approval also HR can reschedule loan as per employee requirement
Attendance Module
Seamlessly integrated with attendance machines, system Automatically capture attendance, while its approval and processing features enable precise record-keeping for attendance deductions and addition as per organizational attendance policies and MOL
Payroll Module
In payroll processing, HR initiates runs based on departments, worker categories, and positions. The system automatically retrieves all transactions within the selected time period for each employee. HR can modify transactions for deductions and allowances. The system also generates accruals transactions. After payroll submission, HR can create WPF files for multiple banks.
End Of Service Module
After approving the End of Service (EOS) request, HR calculates and generates the employee's end of service benefits, ensuring timely and accurate payment processing
Reports
The system has multiple reports to view records of individual or multiple employees. which are as follows:- Employee Leave Balance.
- Employee Leave Request.
- Loan Payment Report.
- Attendance Report.
- Pay Slip Report.
- Salary sheet report.
- Bank File.
Power BI Reports
We have multiple Power BI report in our system
- Human Resource Report.
- Attendance Report.
- Loan Report
- Payroll Reports
Setup
To execute the above features, system needs some- Position.
- Department
- Request.
- Leaves
- Loan setup
- End of service
- Earning code setup.
Self service Module
Employees can create diverse requests ranging from leave applications to equipment requisitions, each following a structured workflow aligning with the organizational hierarchy.
Dynamics 365 F&O is an ERP system that provides a comprehensive suite of business applications with global compliance and localization. HR & payroll module seamlessly integrates with other financial management components, such as general ledger, accounts payable, and accounts receivable which ensures accurate and efficient financial reporting and analysis.
It also offers comprehensive capabilities for payroll processing, including automated calculation of employee wages, taxes, deductions, and benefits. System offers flexibility in configuring payroll rules, workflows, and approval processes. Dynamics 365 F&O employs robust security measures to safeguard sensitive payroll data. It adheres to data privacy regulations and access controls, ensuring that payroll information is protected and accessed only by authorized personnel.
