Technology can be a great resource to help small business owners make data-informed business decisions, especially when using best-in-class accounting solutions and HR systems. However, dealing with separate systems that don’t talk to each other is both stressful and time-consuming. If you have ever manually entered data from one platform to another, or find yourself spending hours merging multiple spreadsheets from different apps, then you know the pain of relying on disconnected systems.
Are you tired of wasting time on manual tasks that HR and accounting tools should be able to streamline? Read on to learn about the benefits of integrating the platforms you use to run your business.
Product integration is the process of combining different software components or systems to function together as a cohesive unit. One major benefit is data syncing, which eliminates the need to re-enter data into multiple platforms or manually export and upload spreadsheets across systems just to get the analytics you need to make informed business decisions.
For example, when your HR and accounting systems integrate, they seamlessly exchange data, giving you a complete financial picture and helping you close your books faster. Integrated applications operate in a coordinated manner rather than requiring human intervention to combine data.
Integrating your tech stack benefits small businesses in many ways, from improving operational efficiency to improving data accuracy and enhancing decision-making capabilities. Key benefits include:
With product integration, data automatically syncs between tools. Take an integration between a training tool and an HRIS, for example. An integration like this saves time by automatically creating training accounts for new hires when you add them to your HRIS, and automatically updating cost centers if an employee moves between departments. Using your HRIS as the source of truth and syncing data across connected systems also reduces the potential for errors that can result from manual data entry.
When using integrations, you won’t have to cobble together reports from different systems in order to get the information you need to make data-driven business decisions. Instead, you’ll be able to quickly and easily access financial and people analytics, including workforce costs, productivity metrics, and other key performance indicators (KPIs).
Product integration streamlines the way HR tools and accounting software share data about employee-related expenses, such as payroll costs, leave balances, benefits premiums, expense reports, and more. Smooth transfer of this kind of data helps the company maintain accurate, up-to-date financials at all times.
Both HR and accounting systems require accurate data for regulatory compliance and reporting purposes. Product integrations can ensure that data is consistent and current across multiple software applications, making it easier for you to track and report compliance while also reducing the potential for audit findings.
Integrating HR tools with your accounting software can greatly simplify the budgeting and forecasting processes and help improve the accuracy of your organization’s financial planning. When these systems integrate smoothly, real-time HR data, such as workforce costs, turnover rates, and benefits expenses, goes directly to your accounting platform, giving you a complete financial picture and paving the way for precise forecasting and accurate budgeting.
Integrating your HRIS with other tools you use to run your business is a powerful way to streamline processes in your small business while also improving access to up-to-the-minute financial data. If you’re ready to explore product integration for your company but aren’t sure where to begin, Justworks is here to help.
Not only does Justworks provide affordable access to best-in-class HR tools and software, but our user-friendly platform also integrates smoothly with leading accounting platforms and HR tools. For example:
Accounting integrations – The Justworks platform integrates seamlessly with popular accounting applications like QuickBooks, Xero, NetSuite, and Sage Intacct.
Applicant tracking integrations – Our platform also integrates smoothly with widely used applicant tracking systems (ATS) such as JazzHR, Greenhouse Recruiting, and Lever.
Integrations coming soon – Justworks is launching integrations with 15Five, Carta, Trainual, Vanta, Brex, and Ramp. These new integrations will be available to customers on PEO plans in September 2024, and customers on Payroll plans in January 2025.
Justworks is here for your small business in many ways, with powerful product integration and more. Whether you’re looking to simplify administrative tasks and streamline operations or if your business could benefit from our all-in-one Professional Employer Organization (PEO) services, we’ve got your back.
At Justworks, we’re all about providing our customers with scalable solutions to simplify HR, payroll, and compliance so you can focus more of your time and energy on growing your business and leading your team. The good news is, we’re here to help! Contact us today to find out how to get started with Justworks.
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