NetSuite’s latest addition could be a blessing for firms on a shoestring budget
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Oracle NetSuite Announced a New Service That Promises to Alleviate Common Problems for Nearby Small Businesses shift work and resource allocation.
Bee SuiteWorld 2022offered the company a first look at SuitePeople Workforce Management, a service designed to automate the time-consuming shift management process, developing shift patterns based on forecasted demand.
The new service also provides an easy way to monitor the hours worked by employees and automatically calculates wages based on that, before passing that information on to payroll.
SuitePeople Workforce Management
While attendance and shift management are neither sexy nor groundbreaking, NetSuite hopes that by folding its various functionalities into a single dashboard and drawing on the power of the broader platform, it can help customers manage their human capital more effectively and drive profitability as a result. to increase .
This is especially important in the current environment, the company says, with companies around the world struggling under the twin pressures of rising inflation and interest rates, and a waning appetite for spending.
“In a tight job market, organizations must take their workforce management to the next level to be competitive,” said Evan Goldberg, founder and EVP of NetSuite.
“With SuitePeople Workforce Management, organizations can quickly adapt their workforce to changing business conditions. They can also make sure they pay their employees correctly and meet compliance requirements.”
The new service not only supports the core shift management processes themselves, but also gives managers access to data points on sales, wages and forecasts, giving them the information needed to make strategic decisions about resource allocation.
The automation of the payroll calculation process would minimize the risk of payroll errors and save employees a significant amount of time that would otherwise have been spent on manual reconciliations.
SuitePeople Workforce Management will be available in the US, Canada, Australia and New Zealand in early 2023 and will also be coming to the UK and Ireland a few months later.