Finch’s Post

US payroll systems process over $10T in wages annually. Many employment apps need access to this payroll data — if you’re still asking your customers to use manual and outdated tech to sync data back and forth between your app and their payroll systems, it might be time to level up your integrations game. Check out our latest article on HRIS integrations to learn more!

It's already 2024 and you still haven't figured out your HR and payroll integration strategy? Don't worry, we've got you covered with our comprehensive guide updated for this year. This latest guide will give you all you need to evaluate the best option for your product whether it's (hopefully) partnering with Finch or spending valuable engineering resources building integrations in-house 😉. Check out the link below for more info!

At Finch, assisted integrations are a cornerstone of our strategy to provide a comprehensive solution for seamless payroll and HR data connectivity. This approach emerged from our early observations of numerous applications in the employment space that were grappling with a common challenge: manually extracting, reformatting, and uploading data from various HRIS and payroll systems into their core platforms. These vendors were employing in-house teams of 20-30 individuals dedicated to this labor-intensive process. As their customer base grew, so did the size and cost of these teams, creating a variable expense that wasn't aligned with their core competencies. Recognizing this widespread inefficiency, Finch saw an opportunity to centralize and streamline this manual workflow. We built a dedicated team of payroll experts with deep knowledge of diverse systems, configurations, and edge cases to take that manual workload off our customers’ plates. By internalizing this expertise, we relieved our customers of a significant cost center, allowing them to redirect resources towards enhancing their core products and user experiences. This approach enables us to offer a truly end-to-end solution that leverages both fully automated integrations and assisted integrations. We apply assisted integrations to access data for edge cases, long-tail providers, or systems lacking APIs altogether. The user experience is nearly identical, and both maintain seamless connectivity with minimal effort on the employer's part. Finch's assisted integrations ensure that our customers can access reliable, standardized data, regardless of the underlying systems, freeing them to focus on what they do best: building exceptional products.

Sponsor onboarding is a pivotal moment in the relationship between 401(k) recordkeepers and their customers. A smooth onboarding process can set a positive tone, while a frustrating experience might push customers away. Traditionally, onboarding has been bogged down with:  ❌ Extensive paperwork. ❌ Complex data requirement. ❌ Cumbersome workflows that utilize outdated file-based methods like SFTP, complicating the setup process. Meanwhile, API-powered payroll integrations provide a smoother alternative but are challenging to scale quickly. As a result, integration tools like unified APIs are gaining momentum among recordkeepers. 💡 These tools help scale API integrations efficiently, streamline the onboarding process, reduce the administrative burden on sponsors, and improve retention rates. 🔗 Discover how recordkeepers can leverage unified APIs to enhance the 401(k) sponsor onboarding experience and why this matters. https://lnkd.in/eWfFZt95 #HRTech #HR

Discover the Future of Payroll Management with SAP SuccessFactors In the ever-evolving landscape of human resources, payroll management stands as a critical function that directly impacts employee satisfaction, compliance, and overall organizational success. SAP SuccessFactors, a leading Human Capital Management (HCM) solution, is revolutionizing how businesses handle compensation, ushering in a new era of efficiency and accuracy. 1. Automated Processes: o SAP SuccessFactors streamlines payroll processes through automation. Mundane tasks like data entry, calculations, and tax deductions are now handled seamlessly. o Automated workflows ensure timely payments, reducing manual errors and delays. 2. Real-Time Analytics: o Gone are the days of waiting for month-end reports. SAP SuccessFactors provides real-time insights into payroll data. o HR professionals can monitor trends, identify anomalies, and make informed decisions promptly. 3. Cloud-Based Solutions: o Cloud-based payroll solutions offer flexibility, scalability, and accessibility. o Whether your workforce is in the office, remote, or hybrid, cloud-based payroll ensures consistent service delivery. 4. Mobile Accessibility: o SAP SuccessFactors’ mobile app empowers employees to access their payroll information anytime, anywhere. o From viewing pay stubs to updating personal details, mobile accessibility enhances employee experience. 5. Best Practices and Compliance: o SuccessFactors integrates best practices, ensuring compliance with labor laws, tax regulations, and industry standards. o Stay ahead of legal changes and avoid penalties by leveraging the system’s built-in compliance checks. 6. Resource Allocation Optimization: o By automating payroll, HR teams free up valuable time and resources. o Redirect efforts toward strategic initiatives, talent development, and employee engagement. Elevate Your Payroll Game: SAP SuccessFactors empowers HR professionals to be true “Warriors of the Cloud.” Embrace the efficiency revolution, enhance accuracy, and pave the way for a streamlined, futuristic approach to payroll management. The future of payroll management lies in innovation, and SAP SuccessFactors is leading the way. As businesses adapt to changing work environments, staying ahead with cutting-edge solutions ensures a competitive edge. Elevate your payroll practices, embrace the #PayrollInnovation, and be part of the HRtech revolution! 🚀🌐🤝 #HRtech #HCM #SAPSuccessFactors #FutureOfWork #EfficiencyRevolution #WarriorsoftheCloud

Trusted by 3,500+ of the world’s leading companies, this article offers valuable insights to help with the questions you might ask when comparing HRIS solutions. Have you found this comparison helpful during your HRIS purchasing journey? Share your thoughts!

"In a perfect world, everything runs smoothly and functions intuitively for end-users. In practice, questions are a normal part of learning a new system. How easily and quickly those questions are answered can have a significant impact on the flow of business. A robust time management software support system matters during those crucial moments when you need to process payroll." Is your Support helping with your HCM software? TruPay can! Employee Time Management Software: 4 Tips for Finding the Best https://hubs.li/Q028-ztY0

As a mid-market business leader, integrating an HXM strategy encompassing Employee Central, Time, and Payroll can benefit your organization in several ways. First and foremost, let's talk about cost. Implementing an integrated HXM solution like SAP SuccessFactors Employee Central not only consolidates various HR functions but also streamlines processes, reducing overhead costs associated with managing disparate systems. By leveraging Employee Central's capabilities in Core HR, Payroll, Time Management, Onboarding, and Recruiting, you can achieve cost efficiencies through reduced manual efforts, minimized errors, and optimized resource allocation. Secondly, simplicity is paramount. With Chachapoya Services offering strategic guidance, roadmap planning, implementation support, and managed services, you can navigate the complexities of deploying and maintaining your HXM solution with ease. Employee Central's user-friendly interface and intuitive functionalities ensure that your HR team can operate efficiently, while Chachapoya Services provides the necessary expertise to simplify deployment and ongoing management. Lastly, let's address compliance. In today's regulatory landscape, compliance with labor laws and regulations is non-negotiable. An integrated HXM strategy not only helps automate compliance processes but also ensures accuracy and timeliness in payroll processing, time tracking, and employee data management. With the inclusion of AI capabilities, you can enhance decision-making processes, mitigate compliance risks, and stay ahead of regulatory changes. Moreover, by leveraging SAP's Business Technology Platform (BTP), you can extend the capabilities of Employee Central and other HXM modules to suit your unique business needs, driving innovation and agility within your organization. In conclusion, an integrated HXM strategy combining Employee Central, Time & Payroll, supported by Chachapoya Services, offers mid-market businesses like yours the opportunity to optimize costs, simplify operations, and ensure compliance, ultimately fostering growth and competitiveness in today's dynamic business landscape. #HXM #SuccessFactors #MidMarket #WarriorsoftheCloud

At Finch, we recognized a common pain point among software vendors: the manual effort required to access employer data from HRIS and payroll systems that don’t have an accessible API. These companies had teams of 20-30 employees who were manually downloading data from these systems of record, standardizing its format, and uploading the information to their own software systems. To address this, we built an in-house team of payroll experts who leverage scripts to pull the relevant data from employers’ HRIS and payroll systems, standardize that data, and make it available via the Finch API. We refer to these assisted integrations as Finch Assist. Finch Assist relieved our customers of a significant cost center, allowing them to focus on their core products and user experiences. Our end-to-end solution combines automated API connectivity with expert-led assisted integrations for edge cases and systems lacking APIs. This ensures seamless data access, regardless of the underlying system, and eliminates inconsistencies associated with direct integrations built between point solutions and the providers. Finch's assisted integrations are a key part of our commitment to providing a comprehensive, efficient solution for payroll and HR connectivity.

𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐚𝐲𝐫𝐨𝐥𝐥: 𝐂𝐥𝐨𝐮𝐝 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐬 𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 🌐   In today’s fast-paced corporate beat, payroll management has hit a high note with the advent of Payroll Integration Cloud as a Service. It’s not just a trend; it’s a revolution in workforce management. Let's decode.   🎵 𝐍𝐨𝐭𝐞 1: 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 & 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐢𝐧 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 Bid farewell to manual errors! Integrating time tracking, HR software, and accounting tools, this service elevates accuracy, ensuring compliance and propelling global payroll into a new efficiency era.   🕒 𝐍𝐨𝐭𝐞 2: 𝐓𝐢𝐦𝐞 𝐚𝐧𝐝 𝐂𝐨𝐬𝐭 𝐒𝐲𝐦𝐩𝐡𝐨𝐧𝐲 Time is money, and this integration is the conductor! Automating data transfer, it orchestrates a ballet of savings – less time on data entry means more time for strategic tasks, cutting costs substantially.   🚀 𝐍𝐨𝐭𝐞 3: 𝐓𝐡𝐞 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐂𝐫𝐞𝐬𝐜𝐞𝐧𝐝𝐨  Unifying various applications, this integration eliminates silos, streamlining processes. It’s not just about doing things faster; it’s about smarter, real-time updates, boosting productivity across the board.   𝐎𝐫𝐜𝐡𝐞𝐬𝐭𝐫𝐚𝐭𝐢𝐧𝐠 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 Our Integration and Control Platform is a testament to this. A cloud-based maestro, it harmonizes global payroll operations, connecting HR, finance, and more, for a transparent, efficient payroll process.   𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐭𝐡𝐞 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 🌍 This isn’t just about keeping up; it’s about leading the charge. Improved employee experience, scalability, and analytics are just the beginning. This January, let’s step into a world where payroll management is less of a task and more of a strategic asset.   📢 Want to know more? Dive deeper into our Payroll Integration Cloud platform. Contact me today and orchestrate your success!